Qatar Development Bank announced the official opening of the Qatar Exports Office in the Saudi capital, Riyadh, which is the first offices of the “Qatar Exports” of the bank in the region and the world, in the presence of a group of government officials and decision makers in the trade and investment sectors, along with representatives of the media . This office aims to facilitate the entry of Qatari products and services to the Saudi market and enhance economic cooperation between the two brotherly countries.
This announcement came as a culmination of the successes achieved by Qatar’s exports through the activities that were organized in the Kingdom of Saudi Arabia over recent years, and the Qatar Export Office of the Qatar Agency for the Development, Financing and Promotion of Exports “export” aims to support the Qatari export sector in the Kingdom and enhance the competitiveness of products Qatari and facilitate its entry and presence in the Saudi market, in line with the goals of the third national development strategy For the State of Qatar, pursuant to the bank’s export strategy.
The bank stated that the new office will work to provide information about the regulatory regulations and import requirements in the Saudi market, as well as the guidance related to conformity and quality certificates, in order to ensure the fulfillment of Qatari products to the required standards, which facilitates the Qatari exporters to enhance their presence in one of the most important markets of the region.
Providing commercial and consulting support
In this regard, Mr. Abdul Rahman bin Hisham Al -Suwaidi, CEO of Qatar Development Bank, said: “The opening of the Qatar Export Office in the Kingdom of Saudi Arabia represents an important station in the path of strengthening economic relations between the two countries, where we are working to enable Qatari companies to reach To the promising investment opportunities in the prosperous Saudi market, by providing the necessary commercial and consulting support. This step represents a firm commitment to paving the way for the Qatari companies to expand their business, and to provide effective solutions that contribute to building sustainable commercial partnerships, enhances economic integration and supports the common development goals of the State of Qatar and the Kingdom of Saudi Arabia.
The new office is a comprehensive platform to enhance the interaction between Qatari companies and their Saudi counterparts, as it will contribute to facilitating bilateral meetings between companies, organizing meetings between government agencies to enhance integration in commercial policies, as well as discovering new investment opportunities that contribute to supporting the two countries’ vision towards economic diversification.
This announcement came after the unprecedented success of the Qatari commercial mission to the Kingdom of Saudi Arabia, which gathered more than 60 Qatari companies from various sectors and held more than 1400 bilateral meetings, which resulted in the conclusion of initial orders of more than 1.5 billion Qatari riyals. This achievement emphasizes the status of Qatari products and services in the Saudi market, and the pivotal role that Qatar Development Bank plays in enabling the Qatari private sector to expand regionally to constitute the sending of this office as a strategic starting point for expanding the Qatari presence in regional and international markets, and strengthening commercial partnerships between The State of Qatar, the neighboring countries and the world according to the strategic export priorities.