Qatar-Finland Trade Exchange Reached USD 112 Million Last Year, Says QC’s Chairperson

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HE Chairperson of Qatar Chamber (QC) Sheikh Khalifa bin Jassim Al-Thani underlined the advanced cooperation relations between the State of Qatar and the Republic of Finland, noting that the volume of trade exchange between the two countries achieved a growth of 8 percent during the past three years, reaching USD 112 million last year compared to USD 104 million in 2020.

This came during his speech at the Qatari-Finnish roundtable held today in the Finnish capital, Helsinki, in the presence of HE Minister of Commerce and Industry, Sheikh Mohammed bin Hamad bin Qassim Al-Thani and HE Finnish Minister of Foreign Trade and Development Ville Tavio.

The roundtable, discussed prospects for cooperation between the Qatari and Finnish private sectors, and investment opportunities available on both sides. In addition, The Qatari side invited Finnish investors to forge commercial and industrial partnerships and alliances that benefit the economies of the two countries.

His Excellency Sheikh Khalifa bin Jassim Al-Thani
pointed out that there are many Finnish companies that have significant investments in Qatar, whether with Qatari partners or with full Finnish ownership in various fields such as technology, aviation, digitalization and education.

His Excellency stressed Qatari investors’ keenness and interest to explore investment opportunities available in Finland, calling on Finnish investors and companies to enhance cooperation with their Qatari counterparts in projects and investments that benefit the economies of the two friendly countries.

He noted that the State of Qatar is considered one of the most preferred destinations for business and investment in the world, as it enjoys world class infrastructure that provides a set of investment incentives and advanced economic legislation, allowing non-Qatari investors to own 100 percent of the capital in many sectors.

During the meeting, the two sides reviewed the investment opportunities available in many sectors, and the incentives provided by both countries to attract
foreign investments.

Qatar Chamber signed a letter of intent with the Finnish Chamber, with the aim of increasing the volume of trade and investments between the two countries as well as diversifying trade exchange, economic cooperation, and trade and cultural relations between the two business communities. The letter was signed HE Sheikh Khalifa bin Jassim Al-Thani, Chairman of Qatar Chamber, and HE Juho Romakkaniemi CEO of Finland Chamber of Commerce. An agreement was also signed between the Qatari company FAYN and the Finnish company HUR. .

Source: Qatar News Agency