Qatari-Spanish Business Forum will boost bilateral trade

Doha: The Qatari Business enterprise Affiliation (QBA) participated in the Qatari-Spanish Company Discussion board, on the sidelines of the official pay a visit to of Amir H H Sheikh Tamim bin Hamad Al Thani, to Madrid. 

The assembly was attended by the Spanish Primary Minister H E Pedro Sanchez Minister of Commerce and Marketplace H E Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani H E Reyes Maroto, Minister of Trade, Business and Tourism of Spain, and quite a few senior governing administration entities in each nations around the world. 

A superior-degree delegation attended from the Qatari Businessmen Association headed by Sheikh Faisal bin Qassim Al Thani and his Deputy Sheikh Dr. Khalid bin Thani Al Thani, Sheikh Nawaf bin Nasser Al Thani, board member, and from QBA associates Sheikh Faisal bin Fahd Al Thani, Sheikh Muhammad bin Faisal Al Thani, Nabil Abu Issa, Abdul Salam Issa Abu Issa, Ibrahim Jaidah, Sheikh Turki bin Faisal Al Thani,  Mohamed Altaf and Sarah Abdullah, Deputy Basic Manager attended the assembly.

Key Minister Pedro Sanchez discovered in the course of the opening of the Qatari-Spanish Company Discussion board that the pay a visit to of Amir H H Sheikh Tamim bin Hamad Al Thani to Spain, was a historic take a look at that resulted in the announcement of big investments to appear, in addition to obtaining a important boost in the quantity of trade trade throughout the upcoming phase. Expressing his joy for the purpose played by the Joint Organization Council in this regard, President Sanchez pressured out that Qatari investments in the Kingdom are important to the Spanish economy, as many agreements were being signed, such as an agreement with Qatar Investment decision Authority and its Spanish counterpart, pointing out at the identical time the wonderful purpose performed by Spanish providers in Qatar in several fields, such as creating stadiums, infrastructure, electricity, and natural environment in response to Qatar Eyesight 2030.

The Spanish Primary Minister also indicated that Qatar is open up to the earth and Spain can participate in that openness during the up coming phase by strengthening partnerships.

Sheikh Faisal bin Qassim Al Thani, Chairman of the Qatari Businessmen Affiliation, claimed the return of actual physical direct meetings right after two yrs of the coronavirus pandemic is very vital, and the Qatari Businessmen Affiliation is happy of what our state has performed when working with this worldwide pandemic and protect the wellness of citizens and residents, including bringing professional medical vaccines from Spain.

Sheikh Faisal included that despite COVID-19 pandemic, the Qatari Businessmen Affiliation has labored for the duration of the past period of time with the Spanish facet to improve the economic partnership involving the two nations around the world, and it experienced various meetings with Spanish officials, the most vital of which was with the Minister of International Affairs, and resulted in the establishment of the Joint Organization Council. The council inspired the private sector to devote in the fields of media, sports activities, wellness treatment, companies and engineering.

A variety of Spanish organizations have been also captivated to Qatar to function in a amount of sectors of desire to Qatar Countrywide Eyesight 2030, introducing the association’s determination to proceed fruitful cooperation and guidance the efforts of the two countries.

Sheikh Faisal stated that Qatar is entirely geared up to organise the Environment Cup from now, and it is operating tough to make the subsequent version of the Planet Cup an suitable one, specifically as it is the very first of its variety in the Arab earth and the Middle East, welcoming the Spanish enthusiasts and the organization neighborhood to cheer for the Spanish team and attend This one of a kind event which will be the commence of other global functions hosted by Doha in the long run.

Sheikh Dr. Khaled bin Thani Al Thani, Chairman of the Qatari-Spanish Joint Business enterprise Council, in a speech, on behalf of the users of the Qatari Businessmen Association, expressed his honest thanks and appreciation to the governments of the two nations for arranging this economic function to get acquainted carefully with the financial commitment and trade successes that have been achieved between Doha and Madrid and the partnership prospective buyers that contain all financial sectors.

The Minister of Commerce and Field witnessed signing of an MoU concerning the Qatari Businessmen Affiliation  and Iberdrola Organization. From the Qatari side it was signed by Sheikh Dr. Khalid bin Thani Al Thani bin Abdullah Al Thani, 2nd Deputy Chairman of QBA. From the Spanish aspect the MoU was signed by Ignacio Galan, Chairman and CEO of Iberdrola Organization.

Sheikh Dr. Khalid bin Thani, Deputy Chairman of the Qatari Businessmen Affiliation, pressured out that the relations involving the State of Qatar and Spain are effectively-recognized from right before, as there is near cooperation between the two sides, specifically in phrases of expenditure and economic cooperation, expressing his delight in these multi-dimensional bilateral relations, in particular that Qatar is 1 of the largest traders in Spain

Sheikh Khaled stated: “We know the Spanish industry, as Spain is the third most significant vacation spot for foreign financial commitment in Europe and the second in the entire world in tourism, as a outcome of the major reforms undertaken by the Spanish authorities. Work charges in corporations are 29 percent lessen as opposed to the euro place, as very well as labor and electricity fees. In addition, most factories are led by the personal sector, which helps make partnerships less difficult, and Spain’s openness to Latin America gives supplemental impetus to investments.

Sheikh Khaled indicated that Qatar has diversified its investments in Spain in reaction to Qatar’s 2030 eyesight, which encourages investments in sports, tourism, clean power, ports, real estate, media, health and fitness treatment, technologies, stock exchange, retail sector, financial institutions and aviation and other very important sectors that carry financial profit to the two countries. He observed that the official visits concerning the officers of the two nations around the world throughout the current period verify the keenness of the two governments to acquire these bilateral relations and update them to develop into exemplary, and for that reason there is a likelihood to reach a good deal in this partnership and to fortify it, within the framework of the financial recovery plan in Spain and heading toward an innovative and sustainable electronic overall economy, exactly where Qatari investments can have a part.

Sheikh Khaled indicated that his country, by way of hard function, has been ready to realize a excellent renaissance on all legislative and logistical fronts and in infrastructure, and is ready to obtain Spanish traders due to the good financial commitment incentives it delivers to the foreign investor and due to its geographical proximity to large marketplaces in the region.

QBA Next Deputy Chairman Sheikh Dr. Khalid bin Thani Al Thani signing an agreement in presence of Minister of Commerce and Sector H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, Sheikh Faisal bin Qassim Al Thani, Chairman of the Qatari Businessmen Affiliation and other dignitaries.

Sheikh Khalid indicated that the development of the Qatari-Spanish Joint Small business Council includes an elite team of investors, main companies and severe businessmen, and its aim is to increase the function of the non-public sector in diversifying intra-regional investments in financial fields crucial for the two countries, in addition to expanding economic, specialized and scientific cooperation, exchanging details and creating a healthy business atmosphere that aims to advertise the enhancement of business and industrial pursuits in each international locations.

Ignacio Galan, head of the Joint Company Council, indicated from the Spanish side that there are robust relations between the Condition of Qatar and Spain, which consist of investments and cleanse electricity, in addition to the intertwining in the hospitality sector and airways.

Galan stresses the constant cooperation in the relations concerning the two nations around the world, pointing out that there is an exertion to check out opportunities for expenditure and cooperation in several fields.

Reyes Maroto, Minister of Commerce, Tourism, and Industry, she verified that the financial discussion board between the two nations around the world and the historic check out of H H the Amir to Spain will even further deepen the bilateral relations, thinking about that the relations among the two international locations are solid and the trade exchange has increased appreciably, and Qatar is the fifth producer of gasoline in the world. 

Minister Maroto referred to the Spanish private sector, as it participated in the design of stadiums, metro, fuel tasks and major infrastructure in the h2o, vitality, setting and civil structures in the Condition of Qatar.

The Qatari Businessmen Association signed a memorandum of comprehending with the Federation of Businessmen in Spain with the purpose of improving potential clients for strategic cooperation involving Qatar and Spain. It aims to advertise the enhancement of industrial and industrial things to do in both of those nations.

“We check out the Spanish market as a industry comprehensive of economic chances in many sectors,” claimed Sheikh Khalid bin Thani Al Thani, Deputy Chairman of the Qatari Businessmen Association, contacting on Spanish investors to consider benefit of the “promising chances and favorable atmosphere presented by the Qatari financial state, especially with the existence of free zones in Qatar. And to see more Spanish providers come to the Qatari market, wishing to perform alongside one another to develop our partnerships and examine joint investment decision options, no matter if in Qatar or Spain.”

Sheikh Nawaf bin Nasser Al Thani, board member of the affiliation, stressed the trade and investment sector is of great relevance in the relations of the two nations, praising the depth and enhancement of the Qatari-Spanish relations.

He pointed out that Qatar is the 2nd major shareholder in the Spanish inventory market place, as well as the launch of the Qatari-Spanish Joint Organization Council as an vital stage to improve trade and investment relations, noting that Qatari investments are in the most famous firms in Spain these kinds of as inns, genuine estate, hospitality, and many others.