Qatar offers great opportunities to Malaysian firms

17/10/2017

Qatar can offer great opportunities for Malaysian companies in various upcoming projects in the country, noted Sheikh Khalifa bin Jassim Al Thani, Chairman, Qatar Chamber at the Qatari-Malaysian Business Forum held in Kuala Lumpur, yesterday.

In his welcome address at the forum, Sheikh Khalifa, extended the warm wishes of the Qatari private sector businesses to all participants of the meeting which aimed at fostering trade and economic ties.

“I also have the pleasure to affirm you that the State of Qatar is very keen in strengthening cooperation with Malaysia in all fields,” said the chairman of Qatar’s largest and oldest private industry representative body.

“The political and economic relations between Qatar and Malaysia have shown good momentum in recent years, as the two countries are important trade partners for each other. They exerted great efforts for removing all obstacles facing establishing joint investments and offering all incentives to attract investors and help develop business relation for the benefit of both countries’ economies,” he added.

The total value of two-way trade exchange between Qatar and Malaysia rose to QR3.3bn in 2016. Last year, Qatar’s exports to Malaysia touched QR2.4bn, while imports from Malaysia stood at QR907m. Both sides believe that figures are below the expectations of peoples.  With regard to the mutual investments, he said that Malaysia is one of Qatar’s top destinations and there are various opportunities currently being examined by the Qatar Investment Authority which has 50 percent share in a big shopping mall in Kuala Lumpur.

About 29 Qatari-Malaysian companies are operating in Qatar and there are nine Malaysian companies with 100 capital specialized in construction, oil and gas, decoration, exhibitions and conferences and technology.

Qatar has successfully managed to mitigate impacts of the unjust siege imposed by three Gulf countries since June 5.

“Siege didn’t affect Qatar’s ongoing mega projects. Construction works for FIFA World Cup 2022 and infrastructure projects are progressing normally as scheduled,” he highlighted. .

“Qatar’s ambitious vision 2030 provides a good opportunity to participate in future projects at all sectors. Undoubtedly, Qatar now is a very ideal destination for investment thanks to the strategic policies adopted by the wise leadership and its pro-investment climate and legislations, along with the social and political stability,” he added.

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