Qatar Chamber, Portugal Investment Agency sign MoU to enhance cooperation

26-02-2024

The Qatar Chamber (QC) and the Portuguese International Trade & Investment Agency (AICEP) recently signed a memorandum of understanding (MoU) to foster the development and diversification of commercial exchanges and economic cooperation.

The MoU was signed by QC First Vice Chairman, HE Mohamed bin Ahmed bin Twar Al Kuwari, and AICEP’s Chairman, HE Filipe Santos Costa, at the Chamber’s headquarters.

Also present at the meeting was the Ambassador of the Republic of Portugal to the State of Qatar, HE Paulo Neves Pocinho.

The MOU also aims to exchange economic information, cooperate in fairs, facilitate mutual visits, and organise joint meetings of businessmen in order to promote collaboration in business areas.

On this occasion, HE Mohamed bin Twar commended the relations between Qatar and Portugal, especially in economic and commercial areas. He noted that the MoU aims to strengthen commercial cooperation between both parties, streamline procedures, and foster cooperation between businessmen from both countries.

Twar also highlighted that there are many fields for cooperation between the Qatari private sector and its Portuguese counterpart, indicating that the two countries’ trade volume reached QR 370 million last year and there is a possibility to develop it in the years to come.

For his part, Felipe Santos Costa, Chairman of the Portuguese International Trade & Investment Agency, expressed his pleasure to sign this MoU with the Qatar Chamber to develop cooperation in the economic and investment fields.

He noted that he is currently participating in the Web Summit kicked off in Doha, pointing out that it is a great opportunity for companies from around the world to come together, share experiences, discuss cooperation, and conclude deals.

He also mentioned that Portugal had many investment opportunities in different sectors, especially in energy, petrochemicals, chemicals, and technology.

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