The Hong Cong (HOKTDC) has signed a memorandum of understanding aimed at enhancing bilateral cooperation, and expanding the areas of trade and investment between the State of Qatar and the Hong Kong region of the People’s Republic of China.
On the sidelines of the visit of a high -level commercial delegation, more than fifty leaders of the business and industry sectors in the Hong Kong region and the mainland of China were signed by the Hong Kong Trade Development Council, chaired by His Excellency Mr. John Lee, CEO of the Hong Kong Special Administrative Region.
The Memorandum of Understanding establishes a framework for the cooperation of the two sides in the areas of promoting mutual opportunities, business development and investment encouragement, through participation in commercial exhibitions, investment conferences, workshops, and other events that contribute to building and enhancing direct communication between investors and companies, and highlighting the investment opportunities available in both markets. The memo also emphasizes the importance of cooperation between companies and entrepreneurs through the exchange of commercial delegations, the organization of business forums, communication activities, and the exchange of information in a way that enhances the opportunities for growth and economic prosperity in both sides.
On this occasion, Sheikh Ali bin Al -Walid Al Thani, CEO of the Investment Promotion Agency, said: “This partnership constitutes an important step towards strengthening economic and commercial ties between the State of Qatar and Hong Kong. Through coordinating joint efforts, we aim to increase the attractiveness of the investment environment and open new horizons for cooperation to achieve sustainable economic growth that benefits the two countries.”
For her part, Ms. Margaret Fung, Executive Director of the Hong Kong Region Development Council, said: “We are pleased to cooperate with the Investment Promotion Agency to explore new opportunities that the benefits of companies and investors in both Hong Kong and Qatar will enable us. Expanding the main mainland of China and the Asian region. “
Cooperation between the Investment Promotion Agency in Qatar and the Hong Kong Trade Development Council falls within broader efforts aimed at consolidating bilateral trade and investment relations between the two sides by providing a joint platform that enables companies to explore promising markets and new opportunities to establish their business and expand their growth.