Engineer Ahmed Samir, Minister of Trade and Industry, held a meeting with Sheikh Khalifa bin Jassim Al Thani, President of the Qatar Chamber of Commerce and Industry, to discuss ways to develop and develop joint economic cooperation relations between business organizations in the two countries. The meeting was attended by Dr. Alaa Ezz, Secretary-General of the Federation of Egyptian Chambers of Commerce and Minister of Trade Commissioner Yahya Al-Wathiq Allah, Head of the Commercial Representation Body.
The minister said that there is a consensus in the visions between Egypt and Qatar regarding the importance of maximizing the benefit from the enormous industrial and commercial potentials of the two countries and translating them into joint projects that contribute to the advancement of their economies and meet the aspirations and hopes of the two brotherly peoples. – Tamim bin Hamad Al Thani, Emir of the State of Qatar, to Cairo at the end of last June, contributed to starting a new page in the Egyptian-Qatari relations and taking them to broader horizons.
Samir pointed to the importance of the role played by the business community in the two countries in strengthening joint cooperation frameworks, establishing more joint investment projects and creating more job opportunities, pointing to the need for exchanging visions and coordination between business organizations on both sides, especially the Federation of Industries and Chambers of Commerce, to develop a comprehensive framework for investment opportunities. Available in both countries, which contributes to the establishment of investment partnerships in many areas of production and services.
In this context, the minister explained that the ministry has prepared an inventory of all industrial sectors in which Egypt has competitive advantages, taking into account the relative advantage of each governorate, where the foreign investor can be guided by this inventory to determine the elements he needs to start his new project in the Egyptian market and make maximum use of the investment opportunities available in various Throughout the Republic, he pointed out the ministry’s full readiness to provide all kinds of support to Qatari companies investing in the Egyptian market and to overcome all obstacles they face to encourage them to expand current investments and pump new investments into the Egyptian market in the near future.
Samir added that trade relations between Egypt and Qatar witnessed a great development during the past year, as they achieved an 84.3% increase compared to 2020, and Qatari investments in Egypt amounted to $121.8 million during the first quarter of the 2021-2022 fiscal year, noting that there are business opportunities. It is promising for exporters and importers from both countries to meet the needs of the Egyptian and Qatari markets and to export to foreign markets thanks to the trade agreements that Egypt has with various international markets.
For his part, Sheikh Khalifa bin Jassim Al Thani, President of the Qatar Chamber of Commerce and Industry, affirmed the Chamber’s keenness to consolidate cooperation and coordination with the Ministry and to build on the strong relations that bind the two countries to serve the Egyptian and Qatari economies alike, as well as to make room for manufacturers and exporters from both countries to establish joint projects that benefit the two countries. Both sides, and work to remove the challenges that may hinder the movement of trade exchange between Egypt and Qatar.
He pointed out that there are great opportunities to enhance joint cooperation between the two countries at the regional and international levels through the membership of Egypt and Qatar in the Federation of Arab Chambers of Commerce, the Federation of Islamic Chambers and a number of International Chambers of Commerce, which allows for the establishment of partnerships and joint projects in third countries.