Cairo, September 20 (QNA) - Qatar Chamber discussed with the Egyptian Ministry of Trade and Industry ways to provide facilities for Qatari companies to expand their investments in Egypt and develop economic and investment relations between the two countries.
This came during a meeting of HE Minister of Trade and Industry of Egypt Eng. Ahmed Samir, and HE Chairman of Qatar Chamber Sheikh Khalifa bin Jassim bin Mohammed Al-Thani, on the sidelines of his participation in the Arab Labor Conference, currently being held in Cairo, which discussed the role of the private sector in strengthening trade relations between the two countries.
During the meeting, Eng. Ahmed Samir noted to the consensus in the visions between his country and the State of Qatar regarding the importance of benefiting from the two countries' enormous industrial and commercial potentials, and transforming it to joint projects that contribute to upgrading their economies.
He expressed his ministry's readiness to provide all kinds of support to Qatari companies investing in the Egyptian market, and to overcome all obstacles they face to encourage them to expand their current investments and pump new investments into the Egyptian market in the near future.
He pointed out to the importance of the role played by the business community in the two countries in strengthening joint cooperation frameworks and establishing more joint investment projects and creating more job opportunities, pointing out to the necessity of exchanging visions and coordinating between business organizations on both sides, in particular the Federation of Industries and Chambers of Commerce, to set a comprehensive framework for investment opportunities available in both countries which contributes to the establishment of investment partnerships in many areas of production and service.
For his part, HE Sheikh Khalifa bin Jassim Al-Thani affirmed the depth of the brotherly relations between the two countries, especially the commercial relations that are witnessing a remarkable development, as the trade exchange between them increased by more than 50% during the past year, to reach about QR 239 million, compared to QR159 million in the previous year, expressing his hope that trade exchanges will return to pre-2017 levels.
His Excellency highlighted Qatar Chamber's keenness to enhance its cooperation with the private sector in Egypt, in order to serve the establishment of joint projects that benefit the Qatari and Egyptian economies, allow manufacturers and exporters from both countries to establish joint or mutual projects that benefit both sides, and work to remove challenges that may hinder the movement of trade exchange in both directions, pointing out that there are great opportunities to enhance joint cooperation at the regional and international levels through the membership of Qatar and Egypt in the Federation of Arab and the Islamic Chamber and a number of joint Arab and international chambers of commerce, which allows the establishment of joint partnerships and projects in other countries.