Qatar Chamber Discusses Trade Cooperation with Malaysian Delegation

Doha, May 08 (QNA) - Qatar Chamber has discussed with a visiting Malaysian delegation the prospects of trade cooperation in various areas, mainly the production and manufacturing of timber products. Vice Chairman of Qatar Chamber Mohammed bin Ahmed bin Towar held a meeting with head of the delegation the Director General of the Malaysian Timber Council Dr. Jalaluddin Harun at the Chamber headquarters to discuss areas of cooperation between Qatari and Malaysian companies and entrepreneurs from both sides in this important sector, and to explore investment opportunities in Qatar and Malaysia. Vice Chairman of Qatar Chamber said that the Qatari business community welcomes the Malaysian investments especially since there is a big boom in the building and construction sector in Qatar which requires the use of all types of timber products on a large scale. He noted that Qatar Chamber receives foreign delegations from all countries that are interested to explore the Qatari market. Many foreign delegations establish business with Qatari partners and achieve rewarding profits. He stressed that there are real opportunities for cooperation between Qatar and Malayisa which enjoys a developed and high quality industry. For his part, Dr. Jalaluddin Harun said that wood and furniture industry in Malaysia is witnessing a big boom and adopts the highest standards in quality and technology. He highlighted the distinct trading and economic relations between Qatar and Malaysia, and the keenness to further promote the relations at all levels. He pointed out that the volume of exports of timber sector in Malaysia reached $ 70 million spread over 218 countries around the world, mainly Japan, the United States, the European Union and Australia. He said that the large-scale infrastructure projects in the State of Qatar require the use of a lot of timber products and wood furnishings, paving the way for genuine partnerships and cooperation between the two sides. The timber industry in Malaysia is one of long-standing prominence, garnering much attention as one of the economy's core components of growth. As Malaysia is well-blessed with an abundance of rainforest and land, the steady supply of trees and logs highlight the importance of this resource-based sector, ranking it among the likes of agriculture, oil and gas, mining and manufacturing. Malaysia is among the world's largest exporter of tropical logs, plywood, sawn-timber and furniture to international markets. (QNA)