Doha, July 25 (QNA) - Qatar Chamber has signed a Memorandum of Understanding (MoU) with the Portuguese Industrial Association – Chamber of Commerce and Industry (AIP-CCI), aimed at strengthening cooperation between the two organizations, promoting business development, encouraging investment in Qatar and Portugal, and supporting the establishment of company branches in both countries.
The signing ceremony was held virtually via video conference. The MoU was signed on behalf of Qatar Chamber by Acting General Manager Ali Bu Sherbak Al Mansori, and on behalf of the Portuguese side by Director of the Portuguese Industrial Association Filomena Pina Perez.
The MoU also seeks to foster joint efforts to capitalize on emerging international business opportunities in the current global economic environment. It places particular emphasis on market research, consultancy services, knowledge and expertise exchange, the promotion of trade delegations, and enhanced cooperation between Qatari and Portuguese companies.
Ali Bu Sherbak Al Mansori, Acting General Manager of Qatar Chamber, stated that the Memorandum of Understanding represents an important step toward strengthening cooperation between the two organizations and further enhancing the economic and trade relations between the State of Qatar and the Portuguese Republic.
He highlighted the strong and longstanding ties between Qatar and Portugal, noting that there are promising opportunities to expand cooperation between the private sectors of both countries. 
He added that the agreement provides an effective framework for strengthening communication between Qatari and Portuguese businesses, facilitating the exchange of information, organizing business meetings and trade missions, and exploring available investment opportunities.
Al Mansouri expressed his hope that this cooperation would contribute to increasing bilateral trade, encouraging mutual investments, and supporting the establishment of new joint ventures and partnerships in sectors of common interest.
For her part, Filomena Pina Perez, Director of the Portuguese Industrial Association, said that the signing of the MoU would help strengthen cooperation between the business communities of both countries, encourage the exchange of trade delegations, and stimulate reciprocal investment.
She also expressed her hope that the coming period would witness visits by Qatari business delegations to Portugal to explore investment opportunities, particularly in the industrial sector, while noting the Portuguese side's strong interest in learning more about the investment opportunities available in Qatar. (QNA)