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Qatar Chamber reviews enhancing cooperation with Hong Kong


30-05-2022

Qatar Chamber Second Vice-Chairman HE Rashin bin Hamad Al-Athba met on Monday with Director-General of Investment Promotion of the Government of Hong Kong Stephen Philips.

The meeting discussed economic and commercial relations between businessmen of both countries and reviewed partnerships opportunities between the private sector on both countries.

Addressing the meeting, Al-Athba said that Qatar is a distinct destination for foreign investments and offers many investment facilities and incentives, assuring that there are significant opportunities for the private sector in both countries to cooperate and establish new partnerships, especially in light of the existing projects in Qatar that are related to the host of the FIFA World Cup 2022 or beyond.

Al-Athba stressed the Chamber’s concern to encourage Qatari investors to learn about opportunities available in Hong Kong and streamline cooperation between businessmen from both countries.

HE pointed out that the two countries bilateral trade volume hit QR 1.25bn in 2021 despite the pandemic, noting that Hong Kong is an important trade partner of Qatar.

In turn, Stephen Philips stressed that the private sector in Hong Long is interested in learning about opportunities available in Qatar and forging joint ventures with Qatari businessmen in many sectors such as hostility, tourism, retail, banking, and others. He also affirmed his country’s desire to promote trade exchange with Qatar.

Philips reviewed investment incentives offered by his country and presented business facilitates offered for foreign investors, calling Qatari investors to invest in Hong Kong.



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