QC to strengthen relations with Malaysian Investment Development Authority

23-6-2019

Qatar Chamber (QC) held a meeting with a trade delegation from the Malaysian Investment Development Authority (MIDA) to discuss the means of developing relations and enhancing joint trade cooperation between the private sectors in the two countries.

A Qatari-Malaysian business meeting will be held in October, bringing together businessmen from both countries, QC said in a statement

Qatar Chamber Board Member Mohamed bin Ahmed al Obaidli said the Qatari private sector views Malaysia as one of the most important economic destinations.

He pointed to the interest of Qatari investors in identifying investment opportunities in Malaysia and entering into projects with their Malaysian counterparts, especially in the field of Islamic banking.

Obaidli stressed on the importance of economic alliances and partnerships between the private sector in both countries.

He said mutual visits by the businessmen from the two countries will contribute to increasing the existence of mutual investments and more sustainable partnerships and long-term contracts with large returns between Qatari and Malaysian companies, especially in the sectors of education, agriculture, tourism, banking and others.

Obaidli said the Chamber is ready to support and assist Malaysian companies wishing to enter the Qatari market.
He expressed the hope that the Qatari-Malaysian business meeting will be a good sign for opening new horizons of trade cooperation between the two countries in various trade fields.

Investment Consul of MIDA Abdul Mukti bin Abu Bakar, said the Malaysian-Qatari meeting, scheduled to be held on the sidelines of the visit of the Malaysian minister of international trade and tndustry to Doha in October, will include more than 40 participants representing a wide range of promising economic sectors in Malaysia, who are keen to explore the Qatari market.

He said QC and MIDA are working to provide direct communication between traders and businessmen from both sides and discuss the establishment of long-term joint investments.