Qatar Chamber First Vice-Chairman HE Mohamed bin Twar Al-Kuwari praised the close relations between the State of Qatar and the Republic of Indonesia at all levels, pointing to their interest to further enhance economic and commercial ties, facilitate the establishment of joint investments and offer more investment incentives to benefit the economies of the two countries.

This came during the Qatari-Indonesian Business Forum which was held recently at the Sheraton Grand Doha Resort and Convention Hotel and organised by the Indonesian Embassy to Qatar, in cooperation with the Ministry of Commerce and Industry, Qatar Chamber and the Ministry of Trade of Indonesia.

The meeting was attended by government officials from Qatar and Indonesia and by groups of businessmen from both sides.

Addressing the opening session, Al-Kuwari said that the business sectors in Qatar are looking forward to boosting relations with their Indonesian counterparts and exploring the investment climate and opportunities available there, especially since Indonesia is a promising market that offers a multitude of opportunities that attract Qatari investors and an important gateway to the Southeast Asian region.

Indonesia is rich in natural resources and a host of investment opportunities in various sectors such as tourism, real estate development, mining, food security, services, and halal trade.

He said that Indonesia is an important trade partner to Qatar, noting that their bilateral trade volume grew by 78% from QAR1.8 billion in 2016 to QAR3.22 billion last year.

As for mutual investments, Al-Kuwari shared that there are many Qatari investments in Indonesia in various sectors like communication, banking and trading, among others. There are also many Indonesian companies that invest in Qatar with Qatari partners in various sectors.

Assistant Undersecretary for Commerce Affairs at the Ministry of Commerce and Industry, HE Saleh Al-Khualifi, said that the two nations’ cooperation has witnessed a remarkable development, calling upon the Qatari and Indonesian business sectors to establish successful investment partnerships and to take advantage of the available economic opportunities that distinguish the two friendly countries.

According to Al-Khualifi, Qatar has been working to strengthen the existing commercial partnerships, creating new ones and attracting more direct and indirect investments, especially in advanced sectors that support economic diversification in line with Qatar National Vision 2030.

He referred to the latest World Bank estimates that anticipate the growth of the Qatari economy by about 4.9% this year, and the International Monetary Fund estimate expecting the non-oil sector to rise by about 4.1% compared to the oil and gas sector.

The Minister of Trade of the Republic of Indonesia, HE Zulkifli Hassan said that trade volume between both countries in the first half of this year reached US$758 million, showing an increase of 29% compared with US$587.6 million in the same period last year. This affirmed the good opportunity to increase their trade, especially in light of Qatar’s hosting of the FIFA World Cup 2022, as well as Indonesia’s hosting of the G20 Summit next November.

Zulkifli also pointed to the Qatari investments in Indonesia – QNB, Ooredoo and Nebras Power – and encouraged Qatari investors to get acquainted with other available opportunities in Indonesia and explore partnerships with Indonesia’s private sector such as investment and tourism.

The Indonesian minister also invited Qatari businessmen to participate in the Trade Expo Indonesia 2022 in Jakarta this 19 to 23 October.

Indonesian Ambassador to Qatar, HE Ridwan Hassan said that the Qatar-Indonesia business forum represents a good opportunity for both business sectors to develop their relations and review forging partnerships and alliances, stressing the depth of relations between both countries at all sectors.

On the sidelines of the forum, Indonesian companies held an exhibition to showcase handicrafts, foodstuffs, and other products.

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