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Qatar Chamber Reviews Bolstering Co-Operation Ties With Lebanon’s Ministry of Economy

Qatar Chamber Reviews Bolstering Co-Operation Ties With Lebanon’s Ministry of Economy

Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani held a meeting with Lebanon’s Caretaker Minister of Economy and Trade Amin Salam and his accompanying delegation in Doha recently.

Also present at the meeting are Rashid bin Hamad al-Athba, Qatar Chamber second vice-chairman, and Farah Barry, chargé d ‘affaires of the Lebanese Embassy in Qatar, including several board members of the chamber.

The meeting discussed commercial and economic co-operation and the strengthening of relations between the private sectors on both sides.

Speaking at the meeting, Sheikh Khalifa lauded the strong fraternal relations between Qatar and Lebanon, stressing Qatar Chamber’s keenness to strengthen trade and economic co-operation to develop trade exchange, which has grown by 29% over the past five years from QR532mn in 2017 to QR684mn in 2022.

Sheikh Khalifa emphasised that there are numerous Lebanese products in the Qatari market, emphasising their high quality and reasonable prices. Underscoring Qatar Chamber’s interest in developing relations between Qatari businessmen and their Lebanese counterparts, Sheikh Khalifa stated that Qatar has emerged as a regional trading hub, thanks to its investment incentives for foreign investors, advanced infrastructure, and leading economic legislation.

Highlighting the role of the chambers of commerce in both countries, Sheikh Khalifa emphasised their contribution to promoting trade and investment between Qatari and Lebanese businessmen, which led to the establishment of effective partnerships and trade alliances that benefit the economies of both nations.

For his part, Salam commended the bilateral relations between both countries, acknowledging Qatar’s consistent support for Lebanon and the presence of Qatari investments in the country. Salam pointed out that there are numerous investment opportunities in Lebanon for Qatari businessmen.

He invited Sheikh Khalifa to visit Lebanon with a delegation of Qatari businessmen to explore available investment opportunities, particularly in sectors, such as food security, energy, and tourism.