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Tribune News Network
Doha
Minister of Commerce and Industry and Acting Minister of Finance HE Ali bin Ahmed Al Kuwari on Sunday met with a businessmen delegation from the Qatari-French Economic League (Cadran) and the international branch of the Movement of the Enterprises of France (MEDEF), currently visiting the country.
The meeting was attended by the Ambassador of Qatar to France HE Sheikh Ali bin Jassim Al Thani. The meeting featured a discussion of trade, industrial, and investment relations between the two countries, as well as ways to progress them considering the close ties that bind the two friendly countries.
During the meeting, the Minister of Commerce and Industry and Acting Minister of Finance stressed that Cadran and MEDEF represent an important milestone in economic relations between Qatar and France and a new building block in bilateral ties.
Additionally, they comprise an additional building block in the well-established economic relations between the two countries.
Kuwari pointed out in this regard the close and historical Qatari-French relations that have contributed to deepening and strengthening friendship ties between the two sides.
The trade exchange between the two countries has played an important role in strengthening economic and trade relations, as the volume of trade between the two nations amounted to $1.36 billion in 2020.
France is one of Qatar’s most important strategic partners, Kuwari said adding that the number of French companies operating in Qatar had reached 418, including 68 companies wholly-owned by the French side, 339 companies established in partnership with the Qatari side, eight companies licensed by the Qatar Financial Centre, and three representative offices of France.
During the meeting, the minister further stated that Qatar had sought to accelerate the implementation of initiatives and projects aimed at enhancing its economic openness and supporting its position as an ideal destination for business and investment.
Qatar has made progress on this endeavour through drafting and issuing legislations that stimulate the foreign private sector, such as the law regulating the investment of non-Qatari capital in economic activity, and the investment free zones law, both of which allow foreign investors ownership of up to 100 percent, Kuwari said.
Additionally, Kuwari said, Qatar has allowed non-Qatari individuals and businesses real estate ownership in several vital economic and tourist areas in the country.
He further pointed out that Qatar had issued a law to regulate public-private partnerships in order to increase the contribution of private sector companies in building, financing, operating, and managing state development projects.
In this regard, Kuwari called on French companies to benefit from these legislations and to make more investments in the Qatari market.
For their part, Cadran and MEDEF praised the distinguished relations between France and Qatar, stressing the keenness of the French government and private sector to strengthen relations for the benefit of both countries.
Cadran is an independent, non-profit organisation established in 2015 that includes in its membership major Qatari commercial institutions operating in France and major French companies operating in Qatar, as well as significant figures therein.
Cadran aims to organise various academic and social events annually to promote dialogue and exchange of views between Qatari and French companies in order to gain.
Doha
Minister of Commerce and Industry and Acting Minister of Finance HE Ali bin Ahmed Al Kuwari on Sunday met with a businessmen delegation from the Qatari-French Economic League (Cadran) and the international branch of the Movement of the Enterprises of France (MEDEF), currently visiting the country.
The meeting was attended by the Ambassador of Qatar to France HE Sheikh Ali bin Jassim Al Thani. The meeting featured a discussion of trade, industrial, and investment relations between the two countries, as well as ways to progress them considering the close ties that bind the two friendly countries.
During the meeting, the Minister of Commerce and Industry and Acting Minister of Finance stressed that Cadran and MEDEF represent an important milestone in economic relations between Qatar and France and a new building block in bilateral ties.
Additionally, they comprise an additional building block in the well-established economic relations between the two countries.
Kuwari pointed out in this regard the close and historical Qatari-French relations that have contributed to deepening and strengthening friendship ties between the two sides.
The trade exchange between the two countries has played an important role in strengthening economic and trade relations, as the volume of trade between the two nations amounted to $1.36 billion in 2020.
France is one of Qatar’s most important strategic partners, Kuwari said adding that the number of French companies operating in Qatar had reached 418, including 68 companies wholly-owned by the French side, 339 companies established in partnership with the Qatari side, eight companies licensed by the Qatar Financial Centre, and three representative offices of France.
During the meeting, the minister further stated that Qatar had sought to accelerate the implementation of initiatives and projects aimed at enhancing its economic openness and supporting its position as an ideal destination for business and investment.
Qatar has made progress on this endeavour through drafting and issuing legislations that stimulate the foreign private sector, such as the law regulating the investment of non-Qatari capital in economic activity, and the investment free zones law, both of which allow foreign investors ownership of up to 100 percent, Kuwari said.
Additionally, Kuwari said, Qatar has allowed non-Qatari individuals and businesses real estate ownership in several vital economic and tourist areas in the country.
He further pointed out that Qatar had issued a law to regulate public-private partnerships in order to increase the contribution of private sector companies in building, financing, operating, and managing state development projects.
In this regard, Kuwari called on French companies to benefit from these legislations and to make more investments in the Qatari market.
For their part, Cadran and MEDEF praised the distinguished relations between France and Qatar, stressing the keenness of the French government and private sector to strengthen relations for the benefit of both countries.
Cadran is an independent, non-profit organisation established in 2015 that includes in its membership major Qatari commercial institutions operating in France and major French companies operating in Qatar, as well as significant figures therein.
Cadran aims to organise various academic and social events annually to promote dialogue and exchange of views between Qatari and French companies in order to gain.
