Doha: Chairman of Qatar Chamber (QC), HE Sheikh Khalifa bin Jassim Al-Thani met with HE Deputy Minister of Industry and Trade of the Russian Federation, Alexey Gruzdev and the accompanying delegation at the Chamber’s headquarters on Sunday. The meeting focused on economic and trade relations between the two sides and ways to develop them. It also discussed key sectors for investment, cooperation between Qatari and Russian businessmen, the investment climate in both Qatar and the Russian Federation, and opportunities to promote mutual investments.
According to Qatar News Agency, HE Sheikh Khalifa bin Jassim Al-Thani commended the strong relations between Qatar and Russia across various sectors, particularly in trade and economics. He highlighted the important role that the Joint Business Council between the two countries can play in strengthening ties between the Qatari private sector and its Russian counterpart. He also noted that dozens of Russian companies are investing in Qatar across various sectors, while many Qatari investments are present in Russia. Further, he pointed out that there are major projects in Qatar where Russian companies can actively participate.
For his part, HE Alexey Gruzdev praised the close relations between both sides, highlighting the efforts of the Qatar-Russia Joint Committee in expanding and enhancing these ties, exploring opportunities for cooperation and partnership between the two parties. He outlined key sectors where Russian companies can cooperate with their Qatari counterparts, including finance, infrastructure, logistics, electric transportation, industry, oil and gas, renewable energy, and pharmaceuticals. He also emphasized Russia’s extensive expertise in these sectors, which could offer significant benefits to Qatar.
Gruzdev affirmed Russia’s keen interest in enhancing cooperation with the Qatari business sector, noting that Russia is a vast and promising market rich in investment opportunities across all industries. He also highlighted that it provides a host of investment incentives, guarantees, and progressive regulations that make Russia an attractive destination for investors. He further noted that Qatari investments are the first Gulf investments in Russia and stressed the importance of organising a business forum to bring together business leaders from both countries to explore available opportunities.
QC board member, Eng. Ali bin Abdullatif Al Misnad highlighted the remarkable ties between Qatar and Russia, emphasizing the shared interests between the two countries. He noted that the Qatari private sector is keen to strengthen cooperation with its Russian counterpart, adding that Qatar has the potential to serve as a hub for Russian investments in the Gulf region. He also underscored the importance of holding regular meetings of the Joint Business Council and business leaders to explore opportunities for partnership and investment on both sides.