QC, Russian delegation discuss investment ties

Doha, Qatar: Qatar Chamber (QC) hosted yesterday a Russian trade delegation headed by HE Evgenii Bogdanov, First Deputy Governor of the Novgorod Region, and his accompanying delegation. The group was received by Mohamed bin Ahmed bin Twar Al Kuwari, First Vice-Chairman of the Qatar Chamber, in the presence of several Qatari businessmen and representatives of local companies.

The meeting reviewed economic and trade relations between the two countries and explored avenues for enhancement, while also highlighting the investment climate and opportunities available in both markets.

For his part, Evgenii Bogdanov stated that the Russian delegation includes several companies specialising in various sectors that are eager to enter the Qatari market and supply their products to Qatar. He noted that the Novgorod Region is located between Russia’s two largest cities, Moscow and St. Petersburg, and is witnessing significant industrial development. The region is distinguished by industries such as metals, automotive manufacturing, oil and gas equipment, food processing, and advanced technology.

In turn, Mohamed bin Twar affirmed that Qatar and Russia enjoy distinguished relations, noting that Qatari investments in Russia have seen remarkable growth. Currently, 58 Russian companies operate in the Qatari market, either through full Russian ownership or in partnership with Qatari entities.

He confirmed the Qatar Chamber’s readiness to assist Russian companies in exploring cooperation with their Qatari counterparts, pointing to broad prospects in energy, advanced manufacturing, logistics, agriculture, food security, and infrastructure.

The official further highlighted the important role played by the Qatari-Russian Business Council in fostering cooperation between the private sectors of both countries, noting the interest of Qatari companies and investors in learning more about the opportunities available in the Novgorod Region.