Undersecretary of the Ministry of Commerce and Industry (MoCI), H E Sultan bin Rashid Al Khater participated in the 14th International Economic Forum, held during 18-19 May in Kazan, Republic of Tatarstan. He attended the forum’s official opening ceremony and participated in the opening session.
Al Khater also participated in a panel discussion titled “International Trends of Foreign Direct Investments: The Role of Russia and Organization of Islamic Cooperation Member-States.”
The Undersecretary stressed during his participation that Qatar is eager, within the framework of its economic openness, to consolidate its foreign relations and devote cooperation with its various trade partners, particularly the Federal Republic of Russia and the Republic of Tatarstan, noting the strength and durability of the historical and strategic partnership that binds between Qatar and these two countries.
He commended Qatar’s long-standing relations with the Republic of Tatarstan, stating that the state strives to create successful commercial and economic partnerships as an inherent aspect of Qatari-Russian relations.
He also emphasised importance of working to strengthen communication and coordination bridges with partners in Tatarstan to diversify and increase partnership opportunities between the two countries’ business sectors, especially since Tatarstan is an important economic destination within the Russian Federation and has many investment opportunities and capabilities that Qatari companies can benefit from.
In the context of discussing the Qatari economy and the country’s investment environment, he stated that the State of Qatar has been able to maintain its balanced economic growth despite the various global changes it has witnessed over the last three years, referring to expectations that its GDP will grow by about 2.4% in the year 2023.
In this regard, Al Khater invited investors from around the world to take advantage of the country’s stable economic environment, significant legislative and administrative incentives and advantages, and the diverse package of solutions provided by the country to investors looking to enter the country’s local markets and expand in the region, including advanced infrastructure, industrial and logistical areas, and free zones capable of meeting all of the needs of enterprises operating in the key sectors.
