Qatar, Austria trade up 5% in 2018, says Qatar Chamber Chairman

Qatar Chamber has participated in the 11th Arab-Austrian Economic Forum and its accompanying exhibition as well as the 30th anniversary of the establishment of the Arab-Austro Chamber of Commerce held in Vienna.

The event was held under the patronage of the Federal President of the Republic of Austria Dr. Alexander Van der Bellen and attended by prominent figures from the economic, political and diplomatic sectors.

The Chamber’s delegation which was led by QC Chairman Sheikh Khalifa bin Jassim Al Thani, also included QC Board Member Khalid bin Jabor Al Kuwari and Assistant Director General for Government Relations and Committees Affairs Ali Bu Sherbak Al Mansouri.

Sheikh Khalifa underscored the depth of relations between both countries at all fields especially after the visit of the Amir H H Sheikh Tamim bin Hamad Al Thani in March which saw signing many agreements for strengthening both countries’ economic, trade and technical cooperation.

During the Amir’s visit, the Qatar Chamber and Austrian Chambers Union signed MoU to cement their cooperation ties on the sidelines of the Qatari-Austrian Business Forum.

Shiekh Khalifa also said that Qatar and Austria trade exchange between the two countries registered 5 percent growth from QR746m in 2017 to QR7865m in 2018.

Sheikh Khalifa also said that Austria is an attractive and unique investment destination for the Qatari private sector, assuring that Qatari businessmen were eager to identify investment opportunities available in Austria with a view to establishing joint ventures and partnerships with their Austrian peers in both countries.

There are five Austrian companies operating in the Qatar market with 100 percent capital including one factory for producing marble and granite, where there are 42 Qatari-Austrian companies working in various sectors, including IT, advertising, contracting and tourism.

He expressed the hope for both sides to increase their alliances to include all sectors especially in high-tech industries.

The Arab-Austrian Economic Forum is the AACC’s largest conference, exhibition and networking event. The Forum offers a unique platform for knowledge exchange, networking and deepening of Austro-Arab relations in economy, trade, culture and diplomacy.

The “11th Arab-Austrian Economic Forum” constitutes a major part of the event’s program, offering high level speakers, experts and official representatives a unique presentation and discussion platform to shed light on topics revolving around water, infrastructure, energy, and industrialization, from an Austrian, Arab and international perspective.

Source from: The Peninsula