Qatari and Chinese businessmen discussed opportunities for joint ventures and commercial partnerships in various sectors, including technology, healthcare, energy, and real estate.
This came in the Qatari-Chinese Business Meeting, hosted by the Qatar Chamber (QC) in the presence of QC's First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari, and Dong Lei, head of the Chinese delegation representing the Federation of Industries in Shenzhen City, and the participation from numerous Qatari and Chinese businessmen.
The meeting focused on enhancing bilateral commercial and economic relations, exploring the investment climate and opportunities in both Qatar and Shenzhen, and the possibility of establishing joint ventures and commercial alliances between companies in various sectors, including technology, health, energy, and real estate.
In his remarks at the meeting, QC First Vice-Chairman Mohamed bin Twar Al Kuwari emphasized that the meeting represents an opportunity for Qatari and Chinese businessmen to explore collaboration opportunities and strengthen partnerships across various sectors. He highlighted the distinguished relations between Qatar and China, particularly in economic and commercial domains, underscoring the importance of cooperation between the two nations.
He noted that the trade volume between the two countries has grown significantly in recent years, increasing by 62 percent and reaching QR 79.7 billion last year, compared to QR 49.2 billion in 2018. This growth underscores the importance of China as one of Qatar's key trade partners. In 2023, China ranked first among countries receiving Qatari exports, with a value of QR 64.3 billion. Additionally, China was the second-largest source of imports into Qatar, with imports amounting to QR 15.3 billion in the same year.
He emphasized that the private sectors on both sides can play a significant role at this stage. He highlighted that the Qatar Chamber supports and encourages Qatari and Chinese businessmen to leverage the attractive investment climate in both countries and form more alliances and partnerships that benefit both economies.
He added that Shenzhen City represents a suitable destination for enhanced cooperation and partnership between Qatari and Chinese companies, especially considering Qatar's interest in the industrial sector.
The QC First Vice-Chairman urged Chinese companies to invest in Qatar, emphasizing its world-class infrastructure, attractive investment climate, and leading economic legislation.
On her part, Dong Lei said that she led a trade delegation consisting of companies in the health, technology, energy, and real estate sectors to explore Qatar's investment climate and opportunities in these sectors. The delegation held meetings with Qatari businessmen to discuss potential joint ventures and exchange experiences, in preparation for more Chinese companies entering the Qatari market.
She invited the Qatar Chamber to organize a visit for a delegation of Qatari businessmen and investors to China, to learn about investment opportunities and leverage the benefits offered by her country.
During the meeting, the Chinese side made presentations on the prominent investment opportunities in Shenzhen City, along with the associated benefits and incentives for investment. (QNA)
