Qatar, Saudi Arabia advance economic and trade cooperation
Tribune News NetworkDohaThe chairs of the Economy, Trade and Industry Committee under the Qatari-Saudi Coordination Council held a meeting via videoconference.The meeting was co-ch...
The chairs of the Economy, Trade and Industry Committee under the Qatari-Saudi Coordination Council met via videoconference to discuss advancing economic and trade cooperation between Qatar and Saudi Arabia. The meeting, co-chaired by the Minister of Commerce and Industry of Qatar and the Minister of Economy and Planning of Saudi Arabia, brought together officials and representatives from both nations.
The participants reviewed strategies to strengthen economic, trade, and industrial ties, assessing progress on joint initiatives. Trade between the two countries stood at around USD 1.98 billion in 2025, marking a 36% increase from the previous year. In the first quarter of 2026, trade grew by approximately 18%, surpassing the 15% target.
Key areas of cooperation highlighted included simplifying import and export procedures, boosting bilateral trade, empowering the private sector and SMEs, and working together on consumer protection and business establishment. Discussions also touched on greater integration across supply chains, financial cooperation, and joint credit solutions.
The meeting marked preparations for a Joint Economic and Trade Strategy, outlining priorities, initiatives, and targets for the upcoming phase. Both sides discussed challenges to trade, proposed solutions, and measures to alleviate barriers for exporters. They stressed the importance of implementing approved directives and initiatives before the next Coordination Council meeting to further economic and industrial integration and spur bilateral trade growth.
Written by urgent.news from Qatar Tribune Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
