Qatar Chamber, Indonesian Delegation Discuss Promoting Cooperation

Doha, December 09 (QNA) - The Qatar Chamber (QC) has discussed prospects of promoting cooperation in different investment fields, with a visiting Indonesian trade delegation headed by Head of Investment Division at the Indonesian Ministry of Tourism. During the meeting, which was held at the Qatar Chamber premises today, the two sides discussed a number of issues related to opportunities for building bilateral partnerships between Qatari businessmen and representatives of 28 Indonesian companies specialized in agriculture, transportation, mining, education, foodstuffs, furniture, real estate, building materials, technical information and others. First Vice President of Qatar Chamber Mohammed bin Ahmed bin Towar stressed that the private sector in Qatar and the Republic of Indonesia have excellent bilateral relations in all areas of cooperation. The volume of trade between them reached USD 342 million last year, he said. He added that the two sides seek to promote their economic and trade relations to a wider perspective, in the light of the several cooperation agreements and memoranda of understanding signed by the two countries to support bilateral relations, including a memorandum of understanding between the Qatar Chamber and the Indonesian Chamber of Commerce and Industry, aimed at enhancing cooperation between the private sector in both countries and exchanging information and visits between businessmen. Mohammed bin Ahmed bin Towar pointed to many mutual investments between the two sides, including Qatari investments in Indonesia; in the telecommunications and banking sector, noting that there are nine Qatari-Indonesian companies operating in the Qatari market and two companies with 100 percent Indonesian capital operating in the construction, engineering and technology sectors in Doha. He stressed that the State of Qatar is an ideal investment destination thanks to the legislative amendments and incentives offered by the government to attract more investments, calling on Indonesian companies to cooperate with the Qatari counterpart and establish effective trade alliances and partnerships. He also expressed the readiness of the Qatar Chamber to support all the requirements of such cooperation. QC First Vice Chairman stressed that Qatar was able to overcome the effects of the siege, imposed on it, thanks to the vision of the wise leadership, and the government actions that contributed to strengthening the investment climate in the country. He explained that the siege has encouraged Qatari businessmen to invest more in all sectors, especially agriculture and industry, and to open channels of cooperation with all friendly countries, including Indonesia. (QNA)