QC, Iraq Chamber Federation sign MoU to establish Joint Business Council

Doha, Qatar - The Qatar Chamber (QC) recently hosted an Iraqi business delegation led by Amer Khalaf Alawi, President of the Federation of Iraqi Chambers of Commerce (FICC). The meeting, chaired by Sheikh Khalifa bin Jassim bin Mohamed Al Thani, Chairman of QC, aimed to establish a joint business council and strengthen economic ties between Qatar and Iraq.

Key discussions focused on expanding cooperation, exploring investment opportunities worth an estimated $250 billion, and promoting trade and investment across various sectors such as transport, manufacturing, energy, agriculture, and tourism. The meeting also reviewed over 60 investment prospects and reviewed ways to foster bilateral business partnerships.

The Qatar Chamber and FICC signed a Memorandum of Understanding (MoU) to establish the Qatar-Iraq Joint Business Council, which will enhance communication among businesses and institutions in both nations, strengthen economic relations, and develop cooperation in the SME sector. Sheikh Khalifa bin Jassim bin Mohamed Al Thani, QC Chairman, emphasized the importance of private-sector cooperation in driving joint investment projects and boosting trade exchange.

Amer Alawi, President of the FICC, expressed the Iraqi delegation's eagerness to boost economic cooperation and expand partnerships with Qatari businesses, highlighting the deep-rooted historical and fraternal ties between the two nations. The establishment of the Joint Business Council is seen as a significant step towards enhancing cooperation between the business communities of Qatar and Iraq.