Qatar Chamber and the Roscongress Foundation have signed a co-operation agreement to outline partnership plans to build effective links between the business communities of Qatar and Russia.
The signing ceremony, which was held on the sidelines of the 23rd session of the ‘St Petersburg International Economic Forum’ in the Russian port city of St Petersburg, was led by Qatar Chamber board member Ali Abdul Latif al-Misnad and Roscongress Foundation CEO Alexander Stuglev.
Under the agreement, the State of Qatar will be an official partner in the next St Petersburg International Economic Forum in June 2020. Al-Misnad said the agreement also sets out initiatives in a number of areas.
These include organising bilateral and multilateral events in the energy, economic, and social sectors, particularly forums, conferences, roundtables, business meetings, expos, and presentations. He said that the next edition of the forum will see a significant Qatari participation from business sectors.
Al-Misnad said Qatar Chamber’s participation in the event highlights its keenness to strengthen co-operation relations between the Qatari private sector and its Russian counterpart, as well as to promote Qatar’s investment climate and projects.
It also aims to identify business opportunities available in the Russian market and review possibility of establishing joint alliances between Qatari and Russian businessmen in both countries, he continued.
Al-Misnad noted that the forum represented “a brilliant opportunity” for holding meetings with businessmen from many countries. He said this affirms that the forum is an international platform that brings together decision makers, economic experts, and heads of major foreign companies and representatives of business communities worldwide.
He underscored the strong relations between Qatar and Russia in all economic and commercial fields, noting that both countries’ trade volume reached QR1.1bn in 2018, registering a 240% jump compared to the QR308mn recorded in 2017.
During the forum, Qatar was represented by the Ministry of Finance, Ministry of Commerce and Industry, Qatar Chamber, Qatar-Russian Business Council, Qatar Development Bank, Qatar Financial Centre, Qatar Investment Authority, Qatar Airways, Qatar National Tourism Council, Higher Committee for Projects and Heritage, Gulf Organisation for Research and Development, Qatar Science and Technology Park, Qatar University, Centre for Sustainable Development – Faculty of Arts and Sciences, and Hamad Bin Khalifa University.