Qatar Chamber First-Vice Chairman Mohamed bin Towar Al Kuwari and Epsen Teksum, Director - Innovation Norway in the Middle East with other officials during Qatar-Norway Business Meeting, at the Chamber’s headquarters, yesterday.
Doha: Qatar and Norway enjoy strong bonds in economic fields and investments in various economic sectors. In upcoming years more developments are to be witnessed between the two countries as Qatar has an attractive infrastructure and investment basis combined with the advanced Norwegian technology and long industrial expertise, said a senior official during a meeting yesterday.
The Qatar-Norway Business Meeting discussed means of enhancing commercial and industrial cooperation and investment opportunities available in the two countries. The meeting also highlighted the business cooperation existing between businessmen from both countries, and the means to establish associations to enhance commercial and investment exchange.
Addressing the event, Qatar Chamber First-Vice Chairman Mohamed bin Towar Al Kuwari discussed enhancing Qatar-Norwegian economic relationships and identifying investment opportunities in both countries.
Al Kuwari pointed the strong bonds linking both countries, especially in economic fields, in addition to investments in various economic sectors. “While both parties enjoy a promising business environment for further economic cooperation, however, the existing commercial exchange is still below expectations, recording around QR195m during 2021. Therefore, more mutual efforts are necessary in the private sector to encourage further commercial exchange,” he said.
In his speech, Al Kuwari stated that he was certain that more developments are to be witnessed in the upcoming years, given the attractive Qatari infrastructure, legislations, and investment basis, combined with the advanced Norwegian technology and long industrial expertise.
He invited Norwegian companies to increase their investments in Qatar to establish efficient partnerships and associations with Qatari companies in all sectors including industry, agriculture, tourism, food security, petrochemicals, engineering equipment, and infrastructure.
He also encouraged Qatari businessmen to identify business opportunities in Norway and referred to Qatar Chamber’s interest in enhancing Qatar-Norwegian partnerships and encouraging Norwegian businessmen to invest in Qatar.
Epsen Teksum, Director - Innovation Norway in the Middle East and Head of Norway’s delegation represented the Norwegian side.
He recalled the 60-years long Qatari-Norwegian commercial relations including investments in oil and gas and defence sectors among others, and invited Qatari businessmen and companies to partner with Norwegian counterparts in energy, marine industries, and food security sectors.
Teksum said Innovation Norway is interested in supporting Norwegian business innovation, competitiveness and sustainability locally and abroad.
The Meeting was attended by Abdulrahman Alansari, Qatar Chamber’s Board Member, and businessmen and companies’ chairmen from both countries. In a presentation, Investment Promotion Agency of Qatar (IPA Qatar) presented business environment in Qatar and facilities granted to investors. The meeting also showed presentations by Norwegian companies represented by the delegation, services provided and key investment opportunities available.
