QC Chairman to QNA: HH the Amir's Visit to Sweden Paves Way for New Horizons of Joint Cooperation

The Chairman of Qatar Chamber Sheikh Khalifa bin Jassim bin Mohamed al-Thani affirmed that the visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to the Kingdom of Sweden is part of the distinguished relations between the two countries, adding that it will pave the way for new horizons of joint co-operation, especially in trade and economic fields.

In remarks to Qatar News Agency (QNA), he noted that the State of Qatar and the Kingdom of Sweden enjoy close co-operation at all levels, particularly in trade and economics, pointing out the mutual visits of officials and business delegations, as well as the number of agreements and memorandums of understanding signed between both countries in various fields.

He noted that there has been significant development in trade and economic relations between the two countries in recent years, with trade exchange reaching approximately QR1.55bn in 2023, compared to QR866mn in 2022, reflecting a growth rate of 79%. He emphasised the two countries' commitment to increasing trade exchange through mutual investments.

The chairman of Qatar Chamber invited Swedish companies to invest in Qatar, which has become a leading global centre for business and investment, thanks to its world-class infrastructure, favourable business environment, and a range of economic regulations that encourage investment, including allowing foreign ownership of up to 100% in many sectors.

Sheikh Khalifa concluded by highlighting the presence of dozens of Swedish companies operating in the Qatari market, either with 100% ownership or through partnerships with Qatari institutions, reiterating the Qatari private sector's desire to enhance co-operation with its Swedish counterpart and explore the potential for establishing trade alliances and joint industrial projects.