Doha, February 07 (QNA) - Qatar Chamber discussed strengthening cooperation with the US Chamber of Commerce, highlighting the role of the private sector in enhancing trade relations and exploring potential areas of cooperation between the two sides.
The discussions took place during a meeting between First Vice-Chairman of Qatar Chamber, Mohamed bin Twar Al Kuwari, and a US trade delegation led by Senior Vice President for International Member Relations and Senior Vice President for Middle East and Turkiye at the US Chamber of Commerce, Khush Choksy.
Al Kuwari praised the strong relations between Qatar and the United States, describing Washington as an important trading partner for Qatar. He noted that bilateral trade between the two countries reached around QR 22 billion in 2024.
He highlighted mutual investments, particularly in the energy sector, where companies such as ExxonMobil and ConocoPhillips are participating in the expansion of the North Field in Qatar. He also referred to joint liquefied natural gas projects, including the Golden Pass project in Texas, as well as the growth of Qatari investments in the US, especially in the real estate, technology, and other sectors.
In turn, Khush Choksy praised the economic relations between Qatar and the US, stressing that many American companies are keen to invest in Qatar and establish economic partnerships and alliances with Qatari counterparts.
For his part, Eng. Ali bin Abdellatif Al Misnad, QC board member, called for enhanced coordination between the two sides to boost mutual investments and focus on priority economic sectors. He noted that the Qatari private sector plays a key role in major national projects through the public-private partnership system, supported by the state's strategy to diversify income sources.
He also stressed that the Qatari private sector is dynamic and provides abundant opportunities to enhance trade and investment cooperation with its American counterpart.
Meanwhile, Mohamed bin Ahmed Al Obaidli, QC board member, said that economic relations between both nations are strategic and growing. He called on American companies to explore investment opportunities in Qatar, benefit from incentives offered for foreign capital, and forge value-added partnerships with Qatari companies, particularly in non-traditional and technology-related sectors. (QNA)