QC, Indonesian Trade Delegation Discuss Promotion Of Trade, Investment Cooperation

Doha, June 21 (QNA) - Qatar Chamber (QC) discussed Wednesday with an Indonesian trade delegation ways to enhance trade and investment cooperation relations between the two sides, investment opportunities in both countries, in addition to the possibility of establishing joint and mutual projects.

The discussion occurred during the meeting of Qatar Chamber First Vice-Chairman Mohammed bin Tawar Al Kuwari with a delegation representing the Indonesian Young Entrepreneurs Association (HIPMI), in the presence of HE Ambassador of the Republic of Indonesia to Qatar Radwan Hassan, and the heads of some Indonesian companies in the province of South Sumatra operating in sectors food, fertilizer, mining, coal trade, housing development, and tourism.

    Bin Tawar praised the close relations between the State of Qatar and the Republic of Indonesia at all levels Especially in the commercial and economic fields, pointing to their interest in further enhancing their economic and commercial ties, for the benefit of the two countries' economies.

    He indicated that Indonesia is an important trade partner to Qatar, noting that their bilateral trade volume grew by 150 percent in the last five years, from QR 1.26 billion in 2017 to QR3.2 billion last year. 

As for mutual investments, he said that there are many Qatari investments in Indonesia in various sectors like communication, banking, and energy, while there are many Indonesian companies that invest in Qatar with Qatari partners in a variety of sectors.

    For his part, HE Indonesian Ambassador to Qatar Ridwan Hassan praised the distinguished relations between the two countries, noting the mutual visits and the agreements signed in order to develop trade relations, pointing out that the Qatari-Indonesian Business Forum, which was held in Doha last October in the presence of the Minister of Commerce of the Republic of Indonesia, had good repercussions on strengthening trade and investment cooperation relations between the two countries.

    He pointed out that there are many investment opportunities available in Indonesia in general and in Sumatra in particular, which Qatari businessmen can invest in. He called on Qatari businessmen to visit Sumatra and see closely the available investment opportunities. (QNA)