‘Made in Qatar’ coincides with boom in Doha’s factory sector

  • 2 months   ago
  • 359
‘Made in Qatar’ coincides with boom in Doha’s factory sector

The “Made in Qatar 2020” expo in Kuwait is being held at a time when the country is witnessing a boom in the industrial sector as the number of factories reached 800 and number of projects that started production after the siege topped 116, Qatar Chamber Chairman Sheikh Khalifa bin Jassim al Thani has said.

Sheikh Khalifa said choosing Kuwait as a venue for the third edition of the expo outside Qatar was due to the fraternal relations between both countries in all fields and the fast-growing commercial relations between their private sectors.

Sheikh Khalifa lauded the Kuwait Prime Minister Sheikh Sabah Khalid al Hamad al Sabah’s patronage for “Made in Qatar” expo which will be held on February 19-22 at the Kuwait International Fair, QC said in a statement on Monday.

The exhibition is organised by the Qatar Chamber in cooperation with the Ministry of Commerce and Industry, Qatar Development Bank as strategic partner and in coordination with Kuwait Chamber of Commerce and Industry on an area of 10,000 sqm with the participation of around 220 Qatari manufacturing companies.

Sheikh Khalifa said the Kuwaiti PM’s kind patronage of the expo emphasised the strong fraternal relations between both brotherly countries.

He also affirmed Kuwaiti PM’s auspices will give a strong boost to the exhibition and its business forum, pointing out that it will stimulate Qatari and Kuwaiti businessmen to further promote their joint cooperation and build more alliances and partnerships that support both countries’ economic integration.
He stressed the chamber’s keenness on strengthening communication between Qatari manufacturers and businessmen and their counterparts from Kuwait, with the aim of striking industrial and commercial partnership between both sides.

QC said in the statement that the expo aims to provide an opportunity for manufacturers and exhibitors to meet with their Kuwaiti counterparts and discuss establishing partnerships and alliances that contribute to boosting Qatari industry and exploring what the Qatari market needs from new industries, especially that depends on modern technology.

On the sidelines of the exhibition, the ‘Qatar-Kuwait Business Forum’ will be held to offer an opportunity for both sides to review enhancing trade relations.

The forum will focus on means of increasing joint investments and trade as well as encouraging businessmen and companies to establish projects and transactions that serve both economies.

The expo highlights five industrial sectors; energy, petrochemicals, food industries, SMEs, furniture and miscellaneous industries.
The trade relations between Qatar and Kuwait have witnessed a remarkable development in recent years, as trade exchange between the two countries achieved a great leap in 2018, recording QR4.3 billion compared to QR2.5 billion in 2017, a record growth rate of 72 percent.

The trade exchanges continued to develop in 2019 to reach about QR3.1 billion at the end of the third quarter of 2019 compared to QR2.8 billion for the same period in 2018, a growth of 11 percent.

Source: Qatar Tribune