Qatar, UK trade grew by 22%, says Qatar Chamber Chairman
Qatar Chamber has recently participated in the meeting of the Board of Directors of the Arab-British Chamber of Commerce held virtually.
The Chamber’s delegation was presided over by QC’s Chairman HE Sheikh Khalifa bin Jassim Al Thani and included board member HE Sheikh Hamad bin Ahmed bin Abdulla Al Thani and General Manager Saleh bin Hamad Al Sharqi.
The virtual meeting discussed many topics including a report by the Executive Committee and report on the Chamber’s activities during the pandemic of Covid-19 as well as the Chamber’s financial performance, the appointment of an auditor, and pension scheme update.
For his part, HE Sheikh Khalifa bin Jassim praised the distinguished relations between Qatar and the United Kingdom in economic and commercial spheres, stressing that the Qatari investments in the UK, which amounted nearly £ 35 billion, play a significant role in the British economy.
The bilateral trade between Qatar and the UK was around QR 12.94 bn last year, an increase of 22% compared to QR 10.63 bn in 2018, Sheikh Khalifa said, pointing out that it reached QR 9.1 bn at the end of the third quarter of this year.
QC Chairman also indicated that there are hundreds of British-Qatari companies that are working in Qatar, while there are 40 companies with 100% British capital.
Underscoring the role of the Arab-British Chamber of Commerce, Sheikh Khalifa said it plays a key role in the promotion of trade and investment relations between the United Kingdom and the Arab world, affirming that there are plenty of investment and trade opportunities available in both sides.
