To enhance communication and identify commercial and investment opportunities, and to discuss issues facing the growth of economic relations, in the Saudi capital, Riyadh, the activities of the Saudi Qatari Business Forum held a joint organization between the Saudi Chambers Union and the Qatar Chamber.
During the forum, commercial and investment cooperation between the two countries was discussed, and the investment opportunities available in Qatar and Saudi Arabia were discussed. The forum also included working sessions that discussed various economic issues and ways to achieve economic integration between the two countries.
The trade exchange between Qatar and Saudi Arabia witnessed significant growth during the past year, as it increased from 802.5 million dollars in 2023 to $ 1.45 billion in 2024, with a growth rate exceeding 82%.
In his speech to the forum, Saudi Minister of Trade Majid bin Abdullah Al -Qasabi stressed that the distinguished relations between the two countries have strengthened economic growth significantly between the two countries, adding that the Saudi -Qatari relations are “not like any relationship, we are one family that has more relations than any economic relations, so we have. Social and family ties, and for this we must all work to enhance the economic integration between the private sector in our two countries. “
Promising opportunities
Al -Qasabi pointed out the importance of such forums to enhance communication and get to know the commercial and investment opportunities better, and to discuss issues facing the growth of economic relations, pointing out that the Saudi -Qatari Coordination Council seeks to enhance bilateral relations between the two countries in order to achieve their aspirations.
The Saudi minister pointed out that the council is a platform for framing business in all fields and strengthening relations in order to achieve the visions of both Saudi Arabia and Qatar 2030, and in a way that reflects positively on the interests of the two countries and their peoples, and talked about supporting and empowering the private sector to develop economic relations, and overcoming all the challenges facing the sector.
During the ministerial session of the forum, which was held under the title “Investment Trends in Economic Sectors”, the Minister of State for Foreign Trade Affairs at the Qatari Ministry of Trade and Industry Ahmed bin Mohammed Al -Sayed stressed that the Qatari -Saudi relations witnessed a remarkable development that was reflected in the level of coordination and cooperation, especially in the fields of industry, trade and investment Model.
He pointed out that the forum represents an important platform for discussing economic issues of common concern, enhancing mutual investments, and developing joint work mechanisms, calling on the Qatari and Saudi and Saudi companies to explore the opportunities available in the markets of the two countries, with a focus on sectors with added value that support sustainable economic development.
Dialogue sessions
The forum witnessed the organization of several dialogue sessions, as the first session discussed the topic “Towards a fruitful economic integration”, while the second session dealt with “promising investment opportunities”, as during the forum, possible joint projects were reviewed, and ways of enhancing cooperation on the basis of mutual benefit between the two sides were discussed.
For his part, the Chairman of the Board of Directors of the Qatar Chamber, Sheikh Khalifa bin Jassim Al Thani, affirmed that the convening of the forum embodies the depth of relations between the two peoples, and in response to the desire of business owners from both sides to support and develop economic and investment cooperation relations, in order to achieve the goals and plans of sustainable development and prosperity.
He added that the relations between the two countries constituted a distinguished model for cooperation between the brothers, noting that new prospects for cooperation and investment between Qatari and Saudi business owners will pave the way for a new stage of development and growth.
The head of the Qatar Chamber of Commerce and Industry, His Excellency Sheikh Khalifa Al Thani:
This forum paves the way for new horizons for cooperation and investment between business owners in the two brotherly countries.#The Saudi Chambers Union pic.twitter.com/v9njv71dv3
– The Saudi Chambers Union (@csc_sa) February 24, 2025
The Chairman of the Qatar Chamber’s Board of Directors explained that the trade exchange between the two countries has witnessed significant growth during the past years, expressing his aspiration to increase growth rates from year to year.
He stressed that empowering the private sector and enhancing its role in economic development is a basic pillar in achieving integration between the two countries. The State of Qatar and the Kingdom of Saudi Arabia possesses huge economic and investment ingredients that make them natural partners to achieve the sustainable development goals.
In him, the head of the Saudi Chambers Union, Hassan bin Mujib Al -Huwaizi, said that every project and joint investment between the two sides is the result of the fruits of support and guidance by the leaders of the two countries, “calling for the establishment of partnerships and alliances between Qatari and Saudi businessmen and the establishment of major projects in or abroad.
