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Qatar Chamber promotes local industries across Russian market

Qatar Chamber promotes local industries across Russian market

DOHA: Qatar Chamber participated in the 12th edition of the Arab-Russian Business Council and its accompanying exhibition “Arabia Moscow 2019” which was held between April 8-10 in the Russian capital, aiming to promote Qatari products and industries in the Russian market. Qatar-Russia relations have seen significant growth in the recent past couple of years, and Qatari investment in Russia was estimated at $13bn in various sector including infrastructure, energy and banking.

Trade exchange between the two countries has scored a strong stride last year recording a 240 percent growth from $84m in 2017 to $290m in 2018, said QC Board Member Mohamed bin Ahmed Al Obaidli.

The chamber’s delegation included Al Obaidli, Director-General Saleh bin Hamad Al Shaqri and head of exhibition department Layal Thabit.

The Chamber’s pavilion in the expo witnessed a large turnout by Arab and Russian businessmen and visitors. A number of honour guests, dignitaries, heads of delegates and heads of Arab and Russian chambers visited the chamber’s booth to identify its role in the private sector as well as exhibitions and conferences it organizes.

In press statement, the Chamber said that Qatar Chamber was keen on partaking in this event to promote Qatari products in the Russian market, attract more foreign investment to the local market and review enhancing trade exchange between both countries.

During the event, the chamber provided the visitors with information about doing business in Qatar and investment climate as well as business opportunities available and legislations that protect investments in the country.

The chamber’s delegation held a meeting with Chairman of the Russian-Qatari Business Council Ahmed Blancoev.

The meeting touched on bilateral relations between both countries and ways of enhancing them through activating mutual visits and holding joint exhibitions.

It also reviewed the possibility of holding the “Made in Qatar” in Russia and a joint fair in Qatar in collaboration between both countries’ chambers.

It also reviewed ways of facilitating businesses in both sides and establishing joint enterprises as well as facilitating access of Qatari products to Russia.

Addressing the meeting, Al Obaidli noted that number of Qatar-Russian companies working in the Qatari market reached 46 in various sectors.

He affirmed that the siege imposed on the country since two years represented a real impetus for the private sector to increase its productive projects, noting that the legislative reforms and investment incentives helped in enhancing the competitiveness of the national economy.

This also was achieved by building an advanced infrastructure, providing many economic and logistic zones as well as industrial lands.

Saleh Al Sharqi said that the Chamber is very keen on strengthening cooperation relations with its Russian counterpart, noting that we would follow up all proposals presented during the meetings especially those about holding industrial fairs in both countries.

Al Sharqi also assured that Qatar Chamber would intensify cooperation with the Russian party to facilitate access of Qatari industrial products into the Russian market.