Qatar Chamber, Austrian Business Agency discuss investment scope

Qatar Chamber’s First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari has met with the Austrian Business Agency (ABA –Invest in Austria) Representative Dr. Alejandra Navarro de Chalupa recently.

The meeting discussed ways of enhancing cooperation relations between both sides and encouraging businessmen to explore business and investment opportunities available in both countries.

Addressing the meeting, Al Kuwari praised the positive results of the Qatari-Austrian Business Forum which was held earlier this month in Vienna. He said the forum affirmed the interest of both countries to strengthen trade and investment cooperation, as well as developing cooperation between Qatari and Austrian businessmen.

The forum also ended with the signing of MOU between Qatar Chamber and Austrian Chamber Federation as well as between a number of companies from both sides, Al Kuwari added.

He also said that there are several Austrian companies operating in Qatar and a number of Qatar-Austrian companies operating in various sectors including IT, advertising, contracting and tourism.

Al Kuwari expressed the chamber’s readiness to cooperate with ABA with a view to enhancing cooperation relations between business sectors of both sides and identifying investment opportunities available in both countries. On her part, De Chalupa said that the objective of the visit is to review cooperation relations between the chamber and agency as well as to invite Qatari businessmen to invest in Austria.

She underscored the importance of holding a joint workshop that will bring together businessmen from both sides to review enhancing cooperation and learning business opportunities available in both countries.

ABA –Invest in Austria is Austria’s national investment promotion agency responsible for acquiring and providing professional consulting services to foreign companies that intend to establish a subsidiary or business operations in Austria.

The agency was able to help a total of 355 international companies establish a presence in Austria in 2018, up 3% on the previous year.


Source from: The Peninsula