Every Thursday, we bring you the latest GCC updates. Here's what happened in Week 211.
According to Pro Partner's General Manager (Qatar) James King, his company has witnessed a 75% surge in business activity between Qatar and Saudi Arabia in 2021's first quarter after diplomatic ties were restored between the two countries, as reported by Arab News.
In addition, Pro Partner, a company specialising in the formation of companies, has seen a 40% increase in the number of Saudi firms wanting to set up their operations in Qatar during the same period.
“The increase in Qatar company formations is being driven by the multi-tiered investment opportunities in the country. These include opportunities linked with the FIFA 2022 World Cup, the North Field Expansion Gas Development Project and the Qatar National Vision 2030. This growth is further enhanced by the ending of the Qatar boycott and the gradual lifting of COVID-19 restrictions."
His Excellency Deputy Minister for Protocol Affairs at the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia Khalid bin Faisal Al Sahli met with Acting Charge d'Affaires of the Embassy of the State of Qatar to Saudi Arabia Hassan bin Mansour Al Khater, according to the Ministry of Foreign Affairs.
The meeting reviewed aspects of bilateral cooperation between the two countries. Al Khater congratulated H.E. the Deputy Minister for Protocol Affairs on his appointment to the position, wishing him success in his assignments.
Commander of the Amiri Naval Forces H.E. Major General Abdullah bin Hassan Al Sulaiti represented Qatar at the inauguration ceremony of the Egyptian “July 3 Naval Base” in the Gargoub area on the northwest coast of Egypt, according to The Peninsula Qatar.
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