Qatar Chamber to Strengthen Cooperation with Malaysian Investment Development Authority

Doha, June 24 (QNA) - Qatar Chamber on Monday held a meeting with a trade delegation from the Malaysian Investment Development Authority (MIDA) to discuss means of developing relations and enhancing joint trade cooperation between the private sector in both countries. The meeting will be held in October, bringing together businessmen from both countries. Qatar Chamber Board Member Mohamed bin Ahmed Al Obaidli said that the Qatari private sector views Malaysia as one of the most important economic destinations. He pointed to the interest of Qatari investors in identifying investment opportunities in Malaysia and entering into projects with their Malaysian counterparts, especially in the field of Islamic banking and benefiting from the Malaysian experience which is the leader in this field. Al Obaidli stressed during the meeting held by the two sides at the Chamber's headquarters on the importance of economic alliances and partnerships between the private sector in both countries. He pointed out that the exchange of visits to the business sector in the two countries will contribute to increasing the existence of mutual investments and more sustainable partnerships and long-term contracts with large returns between Qatari and Malaysian companies, especially in the sectors of education, agriculture, tourism, banking and others. He added that the Chamber encourages the building of strong Qatari-Malaysian economic relations based on mutual interest and affirmed the willingness of the Chamber to support and assist Malaysian companies wishing to enter the Qatari market. He expressed the hope that the Qatari-Malaysian business meeting will be a good sign for opening new horizons of trade cooperation between the two countries in various trade fields. Investment Consul of the Malaysian Investment Development Authority Abdul Mukti bin Abu Bakar, said that the Malaysian-Qatari meeting, scheduled to be held on the sidelines of the visit of the Malaysian Minister of International Trade and Industry to Doha in October, will include more than 40 participants representing a wide range of promising economic sectors in Malaysia, who are keen to learn about the Qatari market. He added that the Qatar Chamber and the Malaysian Investment Development Authority are working to provide direct communication between traders and businessmen from both sides and discuss the establishment of long-term joint investments. (QNA)