H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, met with a Kuwaiti delegation led by Mr. Abdulkarim Taqi Abdulkarim, General Manager of Kuwait’s Public Authority for Industry, today. The delegation comprised representatives from the Kuwaiti Embassy in Qatar, the Kuwait Chamber of Commerce and Industry, Kuwait Industries Union and representatives of industrial companies.

Discussions touched on the promotion of joint cooperation on the commercial and industrial levels, as well as opportunities to bolster bilateral trade in light of the economic potential and resources of both countries.

Talks also focused on the latest developments in terms of bilateral trade, industrial and investment relations and efforts to further strengthen ties.

During the meeting, H.E. Minister of Commerce and Industry outlined investment opportunities across all sectors, as well as the legislations adopted by the State and the initiatives launched to support the private sector, which will bolster foreign direct investments and attract more Kuwaiti companies to the Qatari market.

The meeting also touched on mechanisms to support joint investments and encourage the private sector to establish innovative investment projects in key sectors, in line with the economic policies of both Qatar and Kuwait.

Officials highlighted the importance of exchange visits between Qatari and Kuwaiti businessmen, and of encouraging cooperation between government agencies and the private sector to serve the common interests of both Qatar and Kuwait.

The two nations’ close trade relations are positively reflected on the volume of bilateral trade, which amounted to approximately QR 3.57 billion during the first 10 months of 2018, ranking Kuwait as Qatar’s 20th trading partner.