Officials of Qatar Chamber and the Kuwait Chamber of Commerce & Industry said they are strengthening co-operation and co-ordination for staging the ‘Made in Qatar’ exhibition slated from February 19 to 22 at the Kuwait International Fair in Kuwait.
The exhibition is organised by the Qatar Chamber, in co-operation with the Ministry of Commerce and Industry, with Qatar Development Bank (QDB) as a strategic partner, in co-ordination with the Kuwait Chamber of Commerce & Industry. The four-day expo, which will be held on a 10,000sq m area, will see a participation of about 220 Qatari manufacturing companies.
At a press conference held on Tuesday in Kuwait, Kuwait Chamber of Commerce & Industry director general Rabbah Abdulrahman al-Rabbah lauded “the distinguished fraternal relations between the private sectors in both countries.”
He also paid tribute to the collaboration between both countries’ chambers in organising the expo and the business forum, which will be held on the sidelines. He said the forum will bring together a myriad of Qatari and Kuwaiti businessmen to discuss ways of enhancing co-operation in trade.
Underlining the interest of Kuwait Chamber to make the exhibition a success, he said that the expo extends a good opportunity for Kuwaiti businessmen to identify Qatar industries and investment climate.
Al-Rabbah also noted that the business forum will address many topics, including the investment climate and opportunities galore in both countries, as well as the Kuwaiti expertise in renewable energy.
For his part, Qatar Chamber director general Saleh bin Hamad al-Sharqi said choosing Kuwait to be the third destination for the expo stemmed out from the historic fraternal relation between both counties at all fields, noting that the relations between the private sectors are rapidly developing.
Al-Sharqi expressed thanks to the Kuwait Chamber for its role in facilitating preparations of holding the expo and strengthening trade relations between the two friendly countries. He said Kuwait Chamber hosted the ‘Qatar-Kuwait Business Forum’ in 2018, which touched on developing co-operation in trade aspects between both sides.
Al-Sharqi said the expo offers an opportunity to inform the Kuwaiti business community on Qatar’s industries and products, affirming that it will help Qatari exhibitors and manufacturers to meet their counterparts from Kuwait to discuss establishing new alliances and partnerships that contribute to developing industry in both brotherly countries.
He also stressed that the business forum to be held on the sidelines of the expo will review means of developing relations between both parties and eliminating all obstacles that might hinder the flow of goods and investment between both countries for building more alliances and partnerships for the advantage of both economies.
‘Made in Qatar 2020’ aims to promote Qatar’s industry and products in Kuwait and to help the Kuwaiti business community learn about Qatar's industry developments and technologies in various sectors including petrochemicals, food industries, SMEs, and furniture, among others.
Qatar-Kuwait trade relations have witnessed remarkable development within the past few years, the Qatar Chamber said in a statement.
“The two states’ close trade relations are positively reflected on the volume of their bilateral trade, which grew by 72% from QR2.4bn in 2017 to QR4.3bn in 2018, while it reached QR3.1bn in the third quarter of 2019, recording an 11% growth compared to QR2.8bn in the same period of 2018,” the Chamber added.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Potential global economic rebound requires aggressive virus mitigation, says QNB
Turkish inflation falls below 12% in March on cheap oil
Jobs destroyed worldwide as virus triggers deep recession
China weighs cuts to e-car subsidies it just extended
World’s top gold market freezes as Chinese shoppers stay away
Foxconn assures investors 5G iPhone can still launch this fall
Wall St investors look to virus data to support stabilising markets
Pandemic turns Europe deal-makers of private equity into rescuers
S&P affirms QIB rating at ‘A-/A-2’ with stable outlook