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Made in Qatar expo to strengthen Qatar-Kuwait industrial ties

QNA/Kuwait

Tuesday، 04 February 2020 03:33 PM

The Qatar Chamber and Kuwait Chamber of Commerce & Industry said that they are currently working earnestly together for holding the upcoming edition of the "Made in Qatar" exhibition which will be held from 19-22 February at the Kuwait International Fair in Kuwait.
The exhibition is organized by the Qatar Chamber in cooperation with the Ministry of Commerce and Industry with Qatar Development Bank (QDB) as strategic partner and in coordination with the Kuwait Chamber of Commerce & Industry.
The four-day expo, which will be held on an area of 10000 sqm, will see the participation of about 220 Qatari manufacturing companies.
At a press conference held on Tuesday at the headquarter of the Kuwait Chamber, Kuwait Chamber Director-General Rabbah Abdulrahman Al Rabbah praised the distinguished fraternal relations between the private sectors in both countries.
He also paid tribute to the collaboration between both countries' chambers in organizing the expo and the business forum held on the sidelines of it, pointing out that the forum will bring together a myriad of Qatari and Kuwaiti businessmen to discuss ways of enhancing cooperation in trade.
Underlining the interest of Kuwait Chamber to make the exhibition a success, he said that the expo extends a good opportunity for Kuwaiti businessmen to identify suitable Qatar industries and to experience the investment climate.
Al Rabbah also noted that the business forum will address many topics including the investment climate and the plenty of opportunities in both countries as well as the Kuwaiti expertise in renewable energy.
For his part, Qatar Chamber Director-General Saleh bin Hamad Al Sharqi said that choosing Kuwait as the third destination for the expo stemmed out from the historic fraternal relation between both counties at all fields, noting that the relations between the private sectors are rapidly developing.
Al Sharqi expressed thanks to the Kuwait Chamber for its role in facilitating preparations of holding the expo and strengthening trade relations between the two friendly countries, pointing out that it hosted the "Qatar-Kuwait Business Forum" in 2018 which sought ways to  develop trade relations between the countries.
Al Sharqi said the expo offers a good opportunity to make aware the Kuwaiti business community of Qatar's industries and products, affirming that it helps Qatari exhibitors and manufacturers to meet their counterparts from Kuwait to discuss establishing new alliances and partnerships that contribute to developing industry in both brotherly countries.
He also stressed that the business forum held on the sidelines of the expo will review means of developing relations between both parties and eliminating all obstacles that might hinder the flow of goods and investment between both countries for building more alliances and partnerships for the advantage of both economies.
The 'Made in Qatar 2020' aims to promote Qatar industry and products in Kuwait and to help the Kuwaiti business community learn about Qatar's industrial developments and technologies in various sectors including petrochemicals, food industries, SMEs, furniture and others.
The exhibition serves as a platform that enables the Kuwaiti business community to get acquainted with Qatari industries and technologies. It also aims to help Qatari exhibitors and businessmen meet their Kuwaiti counterparts to discuss means of fostering partnerships that contribute to boosting industrial sector in both countries.
It also aims to open new external markets for Qatari companies and propel the development of national industries and SMEs as well as highlight the state's support for industry sector which represents the backbone of the sustainable development.
It's noteworthy that the Qatar-Kuwait trade relations have witnessed remarkable development within the past few years.
The two states' close trade relations are positively reflected on the volume of their bilateral trade, which grew by 72% from QR 2.4bn in 2017 to QR 4.3bn in 2018, while it reached QR 3.1bn in the third quarter of 2019, recording a 11% growth compared to QR 2.8bn in the same period of 2018. 

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