Saudi Arabia has called for drawing up an economic road map for strengthening its bilateral trade and investment ties with Qatar.
In a meeting of the Saudi-Qatari Joint Business Council, Hamad bin Ali Al-Shuwaier, chairman of the Saudi side of the council, said the bilateral framework for improving economic ties should be based on a study and analysis of the current economic situation, focusing on the most prominent sectors stimulating the growth of trade and investments.
“Exchange of information on investment opportunities, holding of joint events, presenting initiatives and incentives, and examining the obstacles that face the growing of economic relations between the two countries should be part of the road map,” Al-Shuwaier said.
Pointing out that the Saudi-Qatar bilateral trade volume reached SR800 million in the first half of 2022, Al-Shuwaier said the joint council would mark a new phase in the joint economic work between the sides.
Sheikh Khalifa bin Jassim Al Thani, chairman of the Qatari side of the joint business council, said that the formation of the joint council was a culmination of the efforts exerted by both countries’ leaderships to further develop economic and commercial ties and open new channels of partnerships between Qatari and Saudi companies.
The council is considered an inclusive framework to enhance bilateral relations between the two countries and push their partnership to higher potentials.
During the meeting, presentations on the investment opportunities available for investors in the kingdom and Qatar were showcased.
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