Qatar, Victoria discuss expanding trade and investment cooperation

Doha [Qatar], February 10: Sheikh Khalifa bin Jassim bin Mohamed Al Thani, Chairman of Qatar Chamber, met Danny Pearson, Member of Parliament, Minister for Economic Growth, and Jobs, and Minister for Finance in the Government of Victoria, Australia, and his accompanying delegationon Monday, at the Chamber's headquarters. The meeting was attended by Mohamed bin Ahmed bin Twar Al Kuwari, First Vice Chairman of the Chamber.
The meeting was also attended byAmbassador of Australia toQatar HE Shane Flanagan, and Sheikha Tamader Al Thani, Director of International Relations and Chamber Affairs at Qatar Chamber and Secretary-General of ICC Qatar.
The meeting discussed commercial, economic, and investment relations between Qatar and the State of Victoria, exploring ways to enhance cooperation between the private sectors of both sides, particularly in technology, food security and renewable energy.
Speaking at the meeting, Sheikh Khalifa bin Jassim praised the distinguished relations between the two sides, noting that the volume of trade exchange between Qatar and Australia reached over QR 2.9 billion in 2024, compared to QR 2.5 billion in 2023.
He highlighted that there are 27 Australian companies operating in the Qatari market, either with full ownership or through partnerships with Qatari investors.
He affirmed Qatar Chamber's keenness to encourage Qatari investors to explore promising opportunities in Australia in general, and Victoria in particular, especially in food security, education, tourism, and green energy.
For his part, Danny Pearson lauded the strong bilateral ties and noted a significant interest in attracting Qatari investments to Victoria, which offers promising opportunities in real estate, food security, and tourism.
He invited Qatari firms to expand their presence in the state, noting its attractive investment climate and substantial economic incentives.
In turn, Mohamed bin Twar said that there are vast investment opportunities for cooperation and partnership between Qatari and Australian private sectors.
He invited Australian investors to invest in Qatar and benefit from its advanced infrastructure and incentives provided for foreign investors.
He also noted that Australia is an important partner to Qatar, emphasising that Qatari investors are eager to explore opportunities available across various sectors.
Source: Qatar Tribune