Doha, November 02 (QNA) – HE Chairman of Qatar Chamber (QC) Sheikh Khalifa bin Jassim bin Mohammed Al-Thani stressed that the trade and investment relations between the State of Qatar and the People’s Democratic Republic of Algeria are witnessing steady progress thanks to the pertinent directives of the wise leaderships in the two countries.
In his exclusive statements to Qatar News Agency (QNA), His Excellency said that the meetings between HH the Amir Sheikh Tamim bin Hamad Al-Thani and HE President of the sisterly People’s Democratic Republic of Algeria Abdelmadjid Tebboune offer further momentum to bilateral relations, and open wider prospects for cooperation between the two brotherly countries in all fields, especially the economic and trade areas that will positively reflect on the volume of trade exchange and the relations of cooperation and partnership between the private sectors in the two countries.
Chairman of Qatar Chamber noted the visit paid by HH the Amir Sheikh Tamim bin Hamad Al-Thani to Algeria in 2020, which constituted a new start for the relations between the two countries, along with the visit paid by HE President of the Republic of Algeria Abdelmadjid Tebboune to the State of Qatar during last February, which contributed to promoting and consolidating these relations. HE QC Chairman also noted HE Algerian President’s meeting with the representatives of Qatar Chamber and Qatari businessmen, including his invitation to them to invest in Algeria.
HE Sheikh Khalifa bin Jassim bin Mohammed Al-Thani affirmed that the representatives of the private sector in the two countries have common willingness to boost the cooperation and make the environment conducive to foster the shared investments that support interregional trade.
His Excellency stated that the volume of trade exchange between the two countries achieved a growth of 12 percent last year, reaching QR 148 million compared to QR 132 million in 2020.
HE referred to the presence of dozens of Algerian companies investing in the Qatari market in partnership with Qatari companies in a myriad of sectors such as trade and contracting, services, fashions, furniture, decoration and education.
Chairman of Qatar Chamber also referred to the presence of numerous Qatari investments in Algeria in various sectors, including iron and steel and communications, as well as private investments from several Qatari businessmen in diverse sectors.
His Excellency underlined the interest of Qatari business stakeholders to further explore the investment opportunities available in Algeria, indicating that Qatar Chamber encourages the Qatari investors to boost cooperation with their Algerian counterparts through establishing partnerships and trade alliances, whether in Qatar or Algeria to promote the trade exchange between the two countries for the benefits of their economies.
He also affirmed that the two sides have willingness to develop these relations into wider prospects, adding that the Qatari investors and business stakeholders are keen to boost the cooperation with their Algerian counterparts and make successful investment in Algeria where numerous investment opportunities abound in multiple fields.
In his closing remarks to QNA, HE Chairman of Qatar Chamber (QC) Sheikh Khalifa bin Jassim bin Mohammed Al-Thani welcomed the Algerian companies to tap into the Qatari market, noting that the State of Qatar is considered an attractive investment destination for all types of investments thanks to the sophisticated infrastructure alongside the legislative structure that foster investments, in addition to the abundant opportunities available in many sectors. (QNA)