Qatar Chamber signs MoU with Czech Industry Confederation

Mark
Written By Mark

Qatar Chamber signed a memorandum of understanding with the Czech Industry Association, with the aim of enhancing bilateral cooperation, facilitating procedures for developing trade exchanges and economic cooperation between the two parties, and exchanging information and expertise in the field of exhibitions.
The memorandum was signed on the sidelines of the joint business meeting hosted by the Chamber today, during which ways to enhance trade exchange between the two countries were discussed. It was signed on the Qatari side by Mr. Abdullah bin Mohammed Al Emadi, a member of the Chamber’s Board of Directors, and on the Czech side by Mr. Peter Junak, a member of the Federation’s Board of Directors, in the presence of Mr. Mohammed bin Towar Al Kuwari, First Vice President of the Chamber, and His Excellency Mr. Josef Sikela, Czech Minister of Industry and Trade.
Mr. Mohammed bin Towar Al Kuwari said that the State of Qatar and the Czech Republic have good relations in various fields, and there is a common desire to enhance them in the commercial and economic fields, as the volume of trade exchange between the two countries last year amounted to 630 million riyals, expressing his hope that the private sector in the two countries will play a prominent role in increasing its rates, especially since there are a number of joint companies operating in the Qatari market in the services, hospitality, sports consulting, food trade and other sectors, which constitutes a common ground for increasing bilateral trade.
He pointed out that the State of Qatar has the elements to attract foreign investment and entrepreneurship, as it enjoys an attractive environment, an integrated infrastructure, and a strategic location that allows access to global markets. It also provides a set of incentives to encourage foreign investment, including foreign ownership of up to 100 percent, in addition to the advanced infrastructure and the stimulating legal environment.
Bin Towar called on Czech companies to invest in Qatar, benefit from the attractive investment climate and exploit the advantages it offers to foreign investors, as Qatar is considered a global logistics center and an ideal geographical location to access markets, noting that the Chamber encourages Qatari businessmen to invest in the Czech Republic, which enjoys a distinguished location in the European continent, in addition to the quality of Czech products and the innovative projects it offers in many fields.
For his part, His Excellency Mr. Josef Sikela, Czech Minister of Industry and Trade, said that the State of Qatar is an important economic partner for his country, as it is one of the five largest markets for Czech exports in the Middle East, and that there is interest in strengthening economic and trade relations.
He explained that the volume of trade between the two countries has doubled in recent years, noting that there is a role for the private sector to play in increasing the volume of trade between the two countries, stressing the interest of Czech companies in strengthening their partnerships with their counterparts in Qatar, and establishing economic alliances and partnerships with them in a number of sectors, most notably energy, smart cities, infrastructure, and others.
His Excellency praised the development witnessed by the State of Qatar in recent years in implementation of Qatar National Vision 2030, especially technological progress, infrastructure development and tourism, explaining that the Czech government appreciates the efforts aimed at strengthening economic relations between the private sector in the two countries.
In turn, Mr. Petr Junak, a member of the Board of Directors of the Czech Industry Confederation, explained that his country’s economy is based on innovative industries, and there is a great opportunity between the two countries to focus on cooperation in these areas and integrate Czech technology into Qatari industries, especially since Czech companies have a presence in the Qatari market.
He noted that the Czech delegation includes 12 companies in the mining, energy, agriculture, cybersecurity, health and pharmaceutical sectors, as these companies are keen to increase cooperation and explore establishing economic alliances.