Al Misnad: Qatar-Russia trade reached QR 566mn last year


Qatar Chamber has recently participated in the Business Conference of Russian and Qatari companies which was held by the Qatari-Russian Business Council on Wednesday via video conferencing with the participation of many representatives of a number of Qatari and Russian companies.

Board Member Eng. Ali Abdullatif Al-Misnad attended the seminar along with Tatiana Rushkevich, Deputy General Director of the Russian-Qatari Business Council; Vardanyan Suren, Vice President of the Moscow Chamber of Commerce and Industry, and representative of Qatar’s Embassy to the Russian Federation, as well as many government officials from Russia.

Speaking at the seminar, Ali Al-Misnad said that Qatar and the Russian Federation are associated with distinguished and close relations in all fields, especially in the economic and commercial aspects, noting that there are several agreements and MoU signed between them on economic, trade, and technical aspects.

He indicated that Russia welcomed Qatar as a guest country at the St. Petersburg International Economic Forum (SPIEF 2021) in which a large Qatari delegation participated, stressing that the forum was a leading platform for establishing new business ties and signing partnership agreements between both sides and ended by signing more than 60 MoUs and agreements between Qatari and Russian entities in some of the most important sectors of business, investment and trade, sports, tourism, education, and more.

As for trade, he said that the two countries’ volume of trade exchange reached QR 566mn in 2022, adding that there are a lot of jointly- owned Qatari-Russian companies operating in Qatar in varied economic and commercial sectors.

“There are many Qatari investments in Russia in many sectors such as petrochemical and banking. Qatar is currently one of the largest foreign investors in Russia’s economy from the GCC region,” he said.

He confirmed that Qatari businessmen are eager to boost cooperation with their Russian counterparts and learn about the opportunities available for investment in Russia, pointing out that Qatar also welcomes the Russian investments in almost all sectors, which offers an advanced infrastructure, favourable legislation, and a pro-investment climate.

QC board member affirmed the Qatar Chamber’s interest to enhance cooperation relations between Qatari and Russian firms, noting that it encourages businessmen from both friendly countries to enter into new partnerships and establish commercial alliances and investment projects that are of benefit to both economies.

Vardanyan Suren, Vice President of the Moscow Chamber of Commerce and Industry, said that the seminar gathered an elite of Qatari and Russian businessmen to review cooperation ties, noting that there is a joint interest form bot sides to enhance cooperation and establish partnerships that are of good for both countries’ economies.

Suren noted that there is cooperation between both sides in various sectors such as retail, hospitality, and energy, expressing his hope to see more partnerships in high technology which offers a host of investment opportunities in this sector.

He also welcomed the visit of Qatari business delegation to Russia to meet with their Russian counterparts and explore areas of cooperation in specific sectors.

On her part, the Deputy General Director of the Russian-Qatari Business Council Tatiana Rushkevich stressed the council’s interest to organise this seminar to provide a platform for businessmen from both sides to explore cooperation horizons and investments opportunities available in both countries.

During the meeting, a number of presentations from many Qatari and Russian companies were delivered.

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