Qatar Chamber Board Member Mrs. Ibtihaj Al-Ahmadani said that the State of Qatar and the U.S. have enjoyed deep relations and close partnerships in all fields, especially in the economic and commercial areas, pointing out that the U.S. is one of Qatar’s most valued and largest global partners, as their bilateral trade volume amounted to $ 5 billion in 2021, while it was estimated at $ 4.5 billion in the first nine months of the year 2022.
This came during the Private Sector Event, which was held on the sidelines of the “US-Qatar Strategic Dialogue 2023”, that kicked off on Tuesday at the Ritz-Carlton Hotel.
The event was attended by HE Sultan bin Rashid Al Khater, Undersecretary of the Ministry of Commerce & Industry, and HE Dilawar Syed, State Department Special Representative for Commercial and Business Affairs.
As for mutual investments, Al Ahmadani noted that there are more than 400 US companies operating in the Qatari market in various sectors, and registered in the Qatar Chamber, including 40 companies with 100% American capital, and the rest of the companies with a Qatari-American partnership, noting that there are many successful Qatari investments in the U.S. across different sectors, especially in the real estate, hospitality, and infrastructure sectors.
Underscoring the attractive investment climate in Qatar, she indicated that its political stability, state-of-the-art infrastructure, stable currency, and low corporate tax rates have stimulated foreign investment flows from all over the world countries.
Al-Ahmadai invited U.S. companies to expand its investments in Qatar and take advantage of the incentives offered by the state for foreign investors, calling on businessmen from both countries to enhance their cooperation by establishing commercial partnerships and alliances, whether in Qatar or the US for the benefit of both economies.
She also stressed that Qatar Chamber highly supports and encourages enhancing cooperation relations between the Qatari private sector and its counterpart from the U.S., especially beyond Qatar’s remarkable success in hosting the FIFA World Cup 2022 and in line with the efforts being made to accomplish the Qatar National Vision 2030.