The Qatari-Czech business meeting looks at opportunities for commercial cooperation

The Qatari-Czech business meeting, which was held today, Monday, June 20 at the Qatar Chamber headquarters, discussed ways to enhance commercial and industrial cooperation relations and investment opportunities available in the two countries, cooperation between business owners in the two countries and the possibility of establishing alliances that enhance trade and investment exchange.

The Qatari side was headed in the meeting by His Excellency Mr. Mohamed Bin Twar Al Kuwari, First Vice-Chairman of Qatar Chamber, while the Czech delegation was headed by His Excellency Mr. Jozef Síkela, Minister of Industry and Trade of the Czech Republic, in the presence of Mr. Radek Jakubsky, Vice President of Czech Chamber of Commerce. The meeting was attended by a number of businessmen and heads of companies from the two countries.

H.E. Mr. Jozef Síkela, the Czech Minister of Industry and Trade, commended the bilateral relations between Qatar and the Czech Republic, pointing out that there is a great desire to strengthen these relations, especially in the trade and investment fields.

He invited Qatari businessmen and investors to consider the investment climate and opportunities available in the Czech Republic, signalling that there are great opportunities, especially in the energy, technology, and industry sector.

H.E Bin Twar welcomed the Czech delegation while expressing his hope that this meeting, which has brought together distinguished and elite representatives from both the Qatari and Czech companies will achieve positive results that contribute to strengthening trade and economic relations and exploring available investment opportunities in both friendly countries.

HE Bin Twar asserted that the State of Qatar and the Czech Republic have strong relations in various fields, and there is a common desire to strengthen these relations, especially in the commercial and economic fields, pointing out that the volume of trade exchange between Qatar and the Czech Republic amounted to about 605 million Qatari riyals in the past year 2021. The balance of trade shifted to the Czech side with imports to Qatar amounting to 556 million Qatari riyals, compared to Qatari exports to the Czechs worth 49 million riyals.

HE expressed his hope to increase the volume of bilateral trade and fine-tune the balance of trade between the two countries, pointing out that this can be achieved through strengthening cooperation between the private sector in the two countries and enhancing mutual investments.

HE further pointed out that the State of Qatar has been able to provide an attractive investment environment through the facilities and incentives that allow the foreign investor to invest up to 100% in various sectors and economic activities, as well as the advanced infrastructure, and economic laws and legislation that have contributed to the State of Qatar’s attaining a globally recognized high position to be identified as a leading destination for investment and business as a call for Czech companies to invest in Qatar and benefit from the attractive investment climate and the advantages it offers to foreign investors, and the opportunities available in various sectors.

In addition, he said that the Qatari market is a promising market, and we are pleased to welcome Czech investments. On the other hand, the Qatar Chamber encouraged Qatari businessmen to invest in the Czech Republic which has great potential and promising investment opportunities in all fields.

For his part, the Vice President of the Czech Chamber of Commerce Mr. Radek Jakubsky said that the Czech trade delegation includes 16 Czech companies that are active in the sectors of manufacturing, energy, real estate, finance, health and others. Which establishes a new stage in the Qatari-Czech trade relations, stressing on the depth of relations between the two friendly countries.

He indicated that the number of Czech Chamber of Commerce affiliates is 16,000 companies, representing 60% of the total GDP in the Czech Republic. For foreign capital, as the Czech Republic hosts major international brands, especially in the automotive sector, and he expressed his aspiration for more Czech investments in the Qatari market.

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