Tribune News Network
Doha
In a significant step toward fostering deeper economic cooperation between Qatar and Hong Kong, the Investment Promotion Agency Qatar (Invest Qatar) and the Hong Kong Trade Development Council (HKTDC) signed a memorandum of understanding (MoU) aimed at enhancing bilateral trade, investment, and business engagement.
The MoU was signed during the official visit of a high-powered business delegation comprising more than 50 senior executives and business leaders from Hong Kong and mainland China. The delegation, led by John KC Lee, chief executive of the Hong Kong Special Administrative Region, was organised by HKTDC as part of its ongoing efforts to explore new growth avenues in the Gulf region and beyond.
The signing ceremony, held in Doha, marked a milestone in the economic relationship between the two regions and established a comprehensive framework for long-term cooperation in key sectors. Under the agreement, both Invest Qatar and HKTDC will collaborate to organize and participate in joint initiatives such as trade fairs, investment forums, business conferences, and networking events that facilitate meaningful engagement between stakeholders.
The MoU is designed to create new pathways for businesses and entrepreneurs from both sides to explore opportunities in each other’s markets. It places a strong emphasis on knowledge exchange, capacity building, and supporting enterprises in navigating regulatory frameworks and business environments.
Invest Qatar Chief Executive Officer Sheikh Ali Alwaleed Al Thani described the agreement as a timely and strategic alignment of two dynamic economies. “This partnership marks an important step in strengthening economic and trade relations between Qatar and Hong Kong. By combining our efforts, we aim to create a more conducive environment for investment and foster collaboration that drives sustainable growth in both regions,” he said.
HKTDC Executive Director Margaret Fong expressed optimism about the long-term benefits of the collaboration. “We are excited to partner with Invest Qatar and explore new opportunities that benefit businesses and investors in both Hong Kong and Qatar. This MOU will enable us to better serve our stakeholders and further promote Hong Kong as a gateway for Qatari businesses looking to expand into mainland China and the wider Asia region,” she stated.
The agreement aligns with Qatar’s broader strategic vision of diversifying its economy and strengthening its position as a global hub for investment and innovation. For Hong Kong, the MoU reinforces its role as a leading international business center and a strategic entry point for Gulf enterprises seeking to access Asian markets.
