Qatar Chamber Highlights Private Sector's Role in Developing Investment Cooperation between Qatar and Russia

Doha, May 26 (QNA) - Qatar Chamber has highlighted the role of the private sector in developing trade and investment cooperation between Qatar and Russia, pointing to the investment climate as well as available opportunities and the potential for forming alliances between business communities in Doha and Moscow.

This came as Director General of Qatar Chamber Ali Bousherbak Al Mansouri met with CEO of the Moscow Export Center Dr. Vitaly Stepanov and his accompanying delegation at the Chamber's headquarters on Monday.

The meeting discussed commercial and economic cooperation between Qatar and Russia, as well as collaboration between Qatar Chamber and the Moscow Export Center, in a bid to boost trade exchange between the two countries.

Al Mansouri praised the cooperative relations between the two countries across various fields, particularly in trade and economy. He also highlighted the important role played by the Qatari Russian Business Council in enhancing cooperation between the private sectors of both countries.

He noted that there are 57 Russian companies registered with Qatar Chamber operating in the Qatari market, including 3 companies that are fully Russian-owned, while the rest are partnerships with Qatari firms in diverse sectors such as trade, contracting, and gas. He added that the Qatari market welcomes more Russian companies wishing to invest in Qatar, while many Qatari investors are also interested in exploring investment opportunities in Russia.

For his part, Dr. Vitaly Stepanov praised the strong ties between the two countries and stated that his visit to Doha aims to establish strong relationships with Qatari business sectors, especially in technology, industry, innovation, and information technology.

Stepanov also extended an invitation to Qatar Chamber to organize a visit for Qatari businessmen to Moscow to explore investment opportunities and learn about the technology and innovation Parks in the city.

From his side, Abdullah Al Khater – Businessman, confirmed that Qatari businessmen are interested in exploring investment opportunities in Russia in general, and in Moscow in particular. He proposed that the Russian side present specific projects to Qatari investors. (QNA)