Doha: HE Minister of Finance Ali bin Ahmed Al Kuwari emphasized the deep relations between the State of Qatar and the Hong Kong Special Administrative Region of the People’s Republic of China, particularly in trade and investments. He noted that there are venues of cooperation between business sectors of both countries to strengthen trade and capitalize on the existing relations in various sectors.
According to Qatar News Agency, HE the Minister of Finance stated that bilateral cooperation is a pillar of stability and shared growth. He pointed out that Hong Kong serves as a gateway for Asia, while Qatar serves as a gateway to the Middle East regions. He stressed the need for the two countries’ economies to remain open to each other amid the fluctuations in the global order and the shift in traditional international relations.
This announcement came during a meeting between Qatar Chamber and HE Chief Executive of the Hong Kong Special Administrative Region of the People’s Republic of China, John Lee. He was accompanied by a high-level delegation comprising chairpersons and founders of leading private and public companies from Hong Kong and mainland China. The meeting was held in the presence of HE Chairman of Qatar Chamber Sheikh Khalifa bin Jassim Al-Thani.
During the meeting, several agreements and memoranda of understanding (MoUs) were signed in a number of financial, economic, and investment fields between the Qatar Chamber and various economic and commercial entities in Hong Kong. The meeting also discussed cooperation relations and prospects for enhancing them in fields of mutual interest such as investment, finance, and economy.
HE Chief Executive John Lee emphasized the strength of the economic and trade relations between Qatar and Hong Kong. He affirmed a shared commitment to further strengthening cooperation in the commercial, financial, and technological sectors. He noted that Qatar is one of the world’s largest exporters of natural gas and a country with a thriving and diversified economy.
John Lee revealed the signing of 35 new MoUs with various entities and institutions in Qatar, aimed at enhancing economic cooperation between the two sides. He indicated that these MoUs will enhance cooperation in trade, economy, investment promotion, tourism, technology, and infrastructure, leading to the creation of more commercial partnerships.
The business delegation from Hong Kong included more than 50 business leaders, professionals, and executives from leading Chinese companies representing seven provinces and cities across China. The delegation brings extensive experience in fields such as green development, innovation, and technology, including advanced manufacturing, artificial intelligence, and renewable energy, with the aim of exploring opportunities for cooperation and investment and building long-term partnerships between Qatar and the Hong Kong region.