QBA: Private Sector Further Cements Strategic Qatar-US Relations

Doha, March 19 (QNA) - HE Qatari Businessmen Association (QBA) Chairman Sheikh Faisal bin Qassim Al-Thani praised the strong bilateral relations between the State of Qatar and the United States, which have continuously developed to a distinguished level of strategic partnership across all fields.

This came in a meeting the QBA held with HE US Ambassador to Qatar Timmy Davis.

HE the QBA Chairman said that the Qatari private sector is working to enhance cooperation opportunities and support economic relations between the two countries, having reached a level of maturity that allows it to form local or regional partnerships with a strategic partner like the US.

The meeting included constructive discussions about many economic aspects where cooperation could be enhanced and the investment opportunities available in the U.S. for Qatari businessmen.

HE Davis emphasized the strong and lasting bilateral relations between the United States and the State of Qatar across various sectors of investment and business. He confirmed that there are significant opportunities to increase cooperation between the businessmen of both countries.

For his part, HE QBA Deputy Chairman Sheikh Dr. Khalid bin Thani Al-Thani highlighted that the depth of historical relations and ties between the State of Qatar and the United States helps the business sectors in both countries strengthen their cooperation for mutual benefit.

Sheikh Dr. Khalid bin Thani also mentioned the various investments of the Qatari private sector in the US market, whether related to tourism, services, or retail sectors, emphasizing the importance of the U.S. market, especially since it is one of the largest consumer markets in the world.

The trade relations between the State of Qatar and the US have gained significant momentum since the signing of the Trade and Investment Framework Agreement (TIFA) in 2004, with the trade exchange between the two countries exceeding $9 billion annually, making Doha a reliable trade partner for Washington.

American companies operating in Qatar contribute significantly to the country's development, particularly with 856 American companies working in the Qatari market, according to the latest data from the Ministry of Commerce and Industry. (QNA)