175 Jordanian companies set up in Qatar during first nine months of 2019

Doha: Qatar Chamber held a meeting today with a delegation of Jordanian businessmen headed by the Chairman of Jordan Chamber of Commerce Nael Al Kabariti, the two sides discussed ways of enhancing economic coopera-tion relations, activating mutual investments and contributing to increasing trade exchange between the two countries.

There are about 1725 Qatari-Jordan companies operating in Qatar in 2019 compared to 1550 companies in 2018, he added.

Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al-Thani said that the meeting, which brought together Qatari businessmen with their Jordanian counterparts, aims to strengthen economic and trade cooperation between the private sector of both countries and increase cooperation between businessmen in the two countries.

Trade between Qatar and Jordan grew by 18 percent from QR 1.1bn in 2017 to QR 1.3bn last year, he said, expressing his hope that both sides could increase their trade to cope with the potentials available in both sides.
He assured that the Qatari private sector is eager to strengthen cooperation and partnership with its Jordanian counterpart in all economic sectors, noting that there existed 175 new Jordanian companies entered into the Qatari market during the first nine months of 2019.

He underscored the importance of activating the Qatar-Jordan Business Council which plays a key role in promoting cooperation between businessmen, enhancing mutual investments and developing trade exchange between both countries.

For his part, Chairman of Jordan Chamber of Commerce Nael Al Kabariti valued the level of cooperation relations between the private sector in both countries, and the two sides’ efforts to develop trade exchange between them and establish more partnerships and joint investments.

He also stressed the importance of activating the joint Qatari-Jordanian Business Council, which will contribute in enhancing communication between business owners from both sides and exploring new opportunities for cooperation between them.

During the meeting the Ministry of Commerce and Industry gave a presentation on the most important features of the investment climate and incentives in Qatar, the country’s investment environment characterized by a safe and stable climate, in addition to advanced infrastructure, economic legislation, access to global markets, and the strengthening of partnership between the public and private sectors.

The Jordanian delegation gave a presentation on tourism in Jordan as well as on the investment climate and incentives provided by the government to attract foreign investments.

Source from: The Peninsula