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Posted On: 13 June 2019 11:53 am
Updated On: 13 June 2019 11:55 am

Qatar Chamber promotes private sector projects in the St. Petersburg economic forum

Sumaica Asad
Sumaica Asad
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Qatar Chamber participated in the 23rd session of the St. Petersburg International Economic Forum in Saint Petersburg, where it reviewed a number of investment opportunities and projects in the private sector under the slogan 'Establishing the Agenda for Sustainable Development.'

On the sidelines of the forum, Qatar Chamber signed a cooperation agreement with Roscongress Foundation, which was signed by QC Board Member Eng. Ali Abdul Latif Al Misnad and Roscongress Foundation CEO Alexander Stuglev.

Under the agreement, the State of Qatar will be an official partner in the next St. Petersburg International Economic Forum in June 2020, while the cooperation agreement sets out joint action plans to build effective ties between the business communities of the two countries.

In a statement, Al Misnad pointed out that the signed agreement sets out initiatives in a number of areas. These include organizing bilateral and multilateral events in the energy, economic, and social sectors, particularly forums, conferences, roundtables, business meetings, expos, and presentations. He said that the next edition of the forum will see a significant Qatari participation from business sectors.

Al Misnad said that the participation of Qatar Chamber in the event highlights its keenness to strengthen cooperation relations between the Qatari private sector and its Russian counterpart, as well as promote Qatar economy and investment climate and projects of the private sector. It also aims to identify business opportunities available in the Russian market and review possibility of establishing joint alliances between Qatari and Russian businessmen in both countries.

He noted that the forum represented a brilliant opportunity for holding meetings with businessmen from many countries, affirming that the forum is an international platform that brings together decision makers, economic experts and heads of major foreign companies and representatives of business communities from all over the world.

He underscored the strong relation between Qatar and Russia in all economic and commercial fields, noting that their trade volume reached last year QR 1.1 billion, registering a 240 percent growth compared to QR 308 million in 2017.

Qatar is represented at the forum by the Ministry of Finance, Ministry of Commerce and Industry, Qatar Chamber, Qatar Russian Business Council, Qatar Development Bank, Qatar Financial Center, Qatar Investment

Authority, Qatar Airways, National Tourism Council, Higher Committee for Projects and Heritage, Gulf Organisation for Research and Development, Science and Technology Park, Qatar University, Center for Sustainable Development Faculty of Arts and Sciences and Hamad Bin Khalifa University.

(Source: QNA, Photo credit: Sputnik News)