Qatar Exports Office Opens in Riyadh, Saudi Arabia

The Qatar Exports Office in the Kingdom of Saudi Arabia was inaugurated Wednesday in Riyadh - an endeavor to boost and facilitate the access of Qatari products to the Saudi market and accelerate bilateral economic cooperation.

Speaking to Qatar News Agency (QNA), HE Ambassador of the State of Qatar to the Kingdom of Saudi Arabia Bandar bin Mohammed Al Attiyah stressed the newly-opened office reflects the strength and solidity of relations between the two nations across various fields, especially the economy.

His Excellency highlighted the two countries' strategic interest in bolstering relations and partnerships across all fields, and their keenness to enhance trade cooperation and integration in vital sectors.

The official launch of the office today follows in-depth discussions and comprehensive study of the reality and future of the Saudi market, which is full of opportunities in various fields and is the focus of the business sector in the world, His Excellency added, referring to the fact that the presence of the office in Riyadh enhances the benefit from the promising opportunities provided by the Saudi market for Qatari companies, and stimulates the private sector in both countries to contribute to the development of bilateral relations, transfer expertise, and develop plans and programs to seize available investment opportunities and transform them into tangible partnerships.

He added that this office would streamline the entry of Qatari products into the Saudi market, provide logistical, commercial and advisory support to Qatari companies, and enhance bilateral partnerships between the private sectors in both countries, urging Qatari companies to invest in the Kingdom in various promising sectors and invest in the opportunities and initiatives of the Kingdom's Vision 2030.

His Excellency stated that this office would provide Qatari companies with the opportunity to expand and compete regionally and internationally, and contribute to building long-term trade partnerships that embody the visions of the two countries in enhancing the growth of trade between them.

This is the first such an office affiliated with the Qatar's Export Development and Promotion Agency (TASDEER), making the Saudi market the first regional destination for Qatari exports, given the special economic importance of this market and the fact that it is the largest in the region, he added.

He noted the impressive economic leap that took place in the Kingdom under Vision 2030, which contributed to creating an attractive competitive environment, and the investment opportunities and achievements it provided for the Kingdom and the GCC countries in various fields, especially environmental conservation and clean and renewable energy fields, and progress in trade policies and improving the business environment.

His Excellency noted that the development witnessed by the Kingdom has led to attracting major international companies and pushing them to transfer their headquarters to the Kingdom in a way that is of interest to the regional business sector.

He pointed out that Qatar Development Bank organized in January an event in Riyadh that brought together various relevant parties from the Qatari and Saudi sides, during which field visits were made to investment sites in the Kingdom, in addition to holding bilateral meetings, which provided Qatari companies with the opportunity to directly learn about the Saudi business environment, and to see opportunities for cooperation and integration with various sectors in the Kingdom, noting that the event witnessed the participation of more than 60 Qatari companies representing various sectors, especially the various strategic sectors.

Meanwhile, Director of Qatar Exports Office in the Kingdom of Saudi Arabia Abdullah Ali Al Obaidli said the opening of the office today represents a qualitative step to enable Qatari companies to expand into one of the largest and most vibrant regional markets, stressing that this office will be an integrated support platform that links Qatari products with growth and expansion opportunities in the Saudi market, and provides information and consultations that accelerate the process of adapting to the requirements of the local market.

He added that strengthening trade channels between the State of Qatar and the Kingdom of Saudi Arabia will provide a more dynamic environment for companies, as Qatari exporters will be able to develop their businesses and establish important trade partnerships, which represents an added value that will positively reflect on the economies of both countries.

He noted that this step confirms the depth of economic ties that unite the two countries, and enhances joint work towards a prosperous future for trade and investment cooperation.

 

(QNA)