Qatari-Saudi Business Council focuses on trade, investment and private sector partnerships

Doha, Qatar witnessed Saudi Arabia and Qatar enhancing their economic alliance during the Qatari-Saudi Joint Business Council meeting held at Qatar Chamber's headquarters. The council convened to discuss avenues for strengthening trade, investment, and private-sector collaborations between the two countries.

The meeting's discussions centered on implementing practical measures to promote cross-border business, mutual investments, and economic integration. Emphasis was placed on identifying opportunities from significant projects and public-private partnerships.

Both nations reaffirmed their dedication to fostering trade and investment cooperation, contributing to their respective development and prosperity. The gathering also saw the signing of five business agreements between Qatari and Saudi companies, covering sectors such as furniture, medical supplies, real estate brokerage, advertising, exhibitions, and international investment.

Sheikh Khalifa bin Jassim bin Mohammed Al Thani, Chairman of QC and the Qatari side, underscored the historical, geographical, and social bonds between the two countries, along with their shared objectives for a secure, stable, and prosperous future. He also highlighted how Qatar's National Vision 2030 and Saudi Vision 2030 present ample opportunities for expanding cooperation in economic diversification and investment.

The chairman noted the meeting's significance amidst ongoing regional and global transformations, emphasizing the need for closer coordination, economic resilience, and preparedness to ensure business continuity and address emerging challenges.

The Qatari businessman further emphasized the crucial role of the private sector in driving development and economic integration, stressing the importance of enhanced cooperation and shared responsibility.

Hamad bin Ali Al Shuwaier, Chairman of the Saudi side, mentioned that since its inception, the Joint Business Council has pursued a strategy aligned with the leaderships of both countries, resulting in concrete economic achievements. The council has also developed a roadmap guided by the directives of the leaderships of both nations, implementing initiatives that have brought tangible economic benefits.