Doha: HE Chairman of Qatar Chamber Sheikh Khalifa bin Jassim bin Mohammed Al-Thani affirmed that the visit of HH the Amir Sheikh Tamim bin Hamad Al-Thani to the Kingdom of Sweden is part of the distinguished relations between the two countries, adding that it will pave the way for new horizons of joint cooperation, especially in trade and economic fields.

In remarks to Qatar News Agency , His Excellency noted that the State of Qatar and the Kingdom of Sweden enjoy close cooperation at all levels, particularly in trade and economics, pointing out the mutual visits of officials and business delegations, as well as the number of agreements and MoU signed between both countries in various fields.

He noted that there has been significant development in trade and economic relations between the two countries in recent years, with trade exchange reaching approximately QR 1.55 billion in 2023, compared to QR 866 million in 2022, reflecting a growth rate of 79 percent. He emphasized the two countries’ commitment to i
ncreasing trade exchange through mutual investments.

The Chairman of Qatar Chamber invited Swedish companies to invest in Qatar, which has become a leading global center for business and investment, thanks to its world-class infrastructure, favorable business environment, and a range of economic regulations that encourage investment, including allowing foreign ownership of up to 100 percent in many sectors.

HE Chairman of Qatar Chamber Sheikh Khalifa bin Jassim bin Mohammed Al-Thani concluded by highlighting the presence of dozens of Swedish companies operating in the Qatari market, either with 100 percent ownership or through partnerships with Qatari institutions, reiterating the Qatari private sector’s desire to enhance cooperation with its Swedish counterpart and explore the potential for establishing trade alliances and joint industrial projects.

Source: Qatar News Agency