H.E. Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, met on Wednesday 20 November 2019, with Alexander Novak, Russia’s Minister of Energy.

The meetings took place on the sidelines of the fourth session of the Qatari- Russian Joint Committee for Economic, Trade and Technical Cooperation held in Moscow from 19-20 November.

Discussions touched on the promotion of bilateral relations and the development of joint cooperation, particularly in the fields of trade, investment and industry in light of the friendly Qatari-Russian ties.

The meeting focused on the latest developments that the Qatari economy witnessed over the past years, the investment opportunities that Qatar offers across various sectors and the legislations that the State enacted as well as initiatives aimed at supporting the private sector, attracting foreign direct investment and encouraging Russian companies to invest in Qatar.

Discussions also touched on mechanisms to support joint investments and incentivize the private sector to establish innovative investment projects in key sectors that would serve the economic aspirations of both countries.

Qatari-Russia bilateral trade reached around QR 1.06 billion in 2018, the equivalent of U.S. 290 million.