Relations between Qatar and Luxembourg growing

 27 May 2016 - 5:27

Relations between Qatar and Luxembourg growing
Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani addressing the meeting.

 

DOHA: Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani said the close ties between Qatar and the Grand Duchy of Luxembourg have witnessed a steady growth due to the exchange of official visits between the two countries and the signing of bilateral agreements on various areas, especially in the economic, tourist, financial, scientific and cultural areas.
Speaking at the Qatar-Luxembourg Business Forum in Luxembourg City yesterday, Sheikh Ahmed bin Jassim stressed the importance of enhancing bonds of cooperation in various fields, especially economic, trade and investment, including innovation and technology. Qatar considers innovation as a top priority and seeks to attract leading specialists from international companies in order to achieve Qatar National Vision (QNV) 2030 to build a diverse and competitive knowledge-based economy.
He emphasised on the need to develop the volume of trade exchange between the two countries, which amounted in 2015 to around $25m. He praised Qatar’s advanced ranks in various global indices, including the Global Competitiveness Index, in which Qatar occupies, the first among Arab countries in the Middle East and North Africa and the 14th in the world.
On the current conditions in the global economy, given the volatility of oil prices and decline of growth rates, he called for joint efforts to achieve investment partnerships to enhance the immunity of economy of both countries.
The Minister expressed hope that the forum would contribute to increasing the volume of trade exchange between the two countries and establishing effective partnerships and new investments opportunities between Qatari businessmen and their Luxembourg counterparts.
Chairman of Qatari Businessmen Association (QBA) Sheikh Faisal bin Qassim Al Thani in his speech said the event comes within the framework of the efforts being exerted by Qatar to build a solid foundation for common understanding and promote bilateral relations. He pointed out that Luxembourg took advantage of its geographical location to perform an influential and vital role in all economic, political and cultural fields.
Qatar has been able to continue to implement a long-term investment strategy, in which the state constitutes a newly open-minded partner to investors, he said.
The main objective of the Forum is to contribute to the sustainable development of Qatar and the Grand Duchy of Luxembourg through strengthening relations between the two countries and encouraging businessmen from both sides to discuss joint investment opportunities.
The Qatari delegation for the forum included Chairman of Qatari Businessmen Association Sheikh Faisal bin Qassim Al Thani along with representatives of the Public Works Authority (Ashghal) Qatar Rail, the Supreme Committee for Delivery & Legacy, the Ministry of Energy and Industry, Qatar Foundation, Nebras Power, Qatar Financial Centre, Katara Hospitality, Manateq and Qatar Airways.
The event was also attended by Sheikh Ali bin Jassim Al Thani, Qatar’s Ambassador to Belgium and Head of Mission of Qatar to the European Union and the North Atlantic Treaty Organization (NATO).
Luxembourg’s Minister of Finance Pierre Gramegna praised the developments taking place in Qatar in all fields and stressed his country’s keenness to enhance the bonds of relations with Qatar.

The Peninsula