Riyadh: The Follow-Up Committee stemming from the Joint Qatari-Saudi Business Council convened in Riyadh, led by Hamad bin Ali Al Shuwair, Chairman of the Joint Qatari-Saudi Business Council, and Eng. Ali bin Abdullatif Al Misnad, Qatar Chamber Board Member and Member of the Qatari-Saudi Business Council.
According to Qatar News Agency, the meeting focused on stimulating the role of sectoral committees within the Council, specifically targeting the education and health sectors. A significant point of discussion was a proposal to conduct a study on establishing a joint investment company. This initiative aims to enhance economic integration between Qatar and Saudi Arabia. Additionally, the committee emphasized the need to intensify communication with relevant authorities and unify delegations for foreign visits.
The meeting also covered several topics, such as the benefits of Hamad Port for Saudi traders, customs tariffs on Qatari goods, and the temporary entry of equipment and vehicles from Qatar.
Al Misnad highlighted that the formation of the Committee demonstrates the mutual interest of both nations in activating the outcomes of the Joint Business Council's meetings. The goal is to translate these recommendations into practical actions that bolster economic and trade cooperation. The committee is also tasked with identifying challenges facing the business communities in both countries and proposing solutions to address them. Initiatives that could enhance cooperation between business owners and open new avenues for joint investments were also discussed, aiming to increase trade exchange and strengthen bilateral economic ties.
He reiterated the Qatar Chamber's commitment to fostering close cooperation with its Saudi counterparts through the Qatari-Saudi Business Council, in alignment with the longstanding fraternal and historical relations between the two nations. This cooperation is guided by the leadership's directives to promote economic integration and develop strategic partnerships.