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Tribune News Network
Doha
Bilateral trade beween Qatar and Singapore rose to QR12.3 billion last year, including QR1.3 million Singaporean exports to Qatar and QR10.9 billion Qatari exports to Singapore, Chairman of Qatar Chamber Sheikh Khalifa bin Jassim al Thani has said. He was speaking at the Qatari-Singaporean Business Forum, on Tuesday
"The figures reflect the strength of economic and trade relations between the two friendly countries," Sheikh Khalifa said.
He said that the political and economic relations between Qatar and Singapore show good momentum in recent years, as the two countries are important trade partners for each other.
The QC Chairman further said both the countries have exerted great efforts for removing all obstacles facing establishing joint investments and offering all incentives to attract investors and help develop business ties for the benefit of both economies.
Regarding mutual investments, Sheikh Khalifa said Singapore is one of Qatar's top destinations and various opportunities are currently being examined by the Qatar Investment Authority, which has recently bought Asia Square Tower for a record $2.45 billion.
"The sale represented the largest single-tower real estate transaction in Asia Pacific to date," Sheikh Khalifa said. According to Sheikh Khalifa, about 35 Qatari-Singaporean companies are operating in the Qatari market and there are 12 Singaporean companies of 100 percent capital specialised in construction, oil and gas, decoration, exhibitions and conferences and technology sectors.
On the subject of unjust blocakde imposed by the Saudi-led bloc, Sheikh Khalifa said Qatar has successfully managed to mitigate the impacts
Backed by the private sector, Qatar dealt with these measures very quickly and directly shifted to alternative sources to ensure the continuing flow of goods without any interruption, he said
"New direct marine routes have been launched to connect Hamad Port with several ports in Oman, Turkey, Pakistan, China and India and the country is receiving all commodities and imports directly without the need to pass across siege countries," Sheikh Khalifa added.
