Qatar and India Launch Joint Investment Working Group

Qatar, 10 June, 2024 : The inaugural meeting of the joint working group on investment between Qatar and India took place in New Delhi, aiming to bolster investment ties between the two nations.

Chaired by HE Mohammed bin Hassan Al Maliki, Undersecretary of Qatar's Ministry of Commerce and Industry, and HE Ajay Seth, Undersecretary of India's Department of Economic Affairs, the meeting saw participation from government officials of both countries.

HE Al Maliki highlighted India's status as Qatar's second-largest trading partner, with bilateral trade reaching USD 13.46 billion in 2023. He emphasized Qatar's commitment to economic diversification under the Qatar National Vision 2030.

The third national development strategy of Qatar, focusing on sectors like industry, logistics, IT, digital services, healthcare, education, among others, presents promising opportunities for bilateral investment, Al Maliki noted.

He expressed confidence in the joint efforts leading to increased prosperity and mutual investment. The working group aims to develop a strategic roadmap for economic interaction, focusing on enhancing long-term cooperation, mobilizing financial resources, supporting startups and innovators, and facilitating investment procedures.

Source : www.zawya.com