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Qatar is still an attractive investment destination, says Malaysian Envoy

08/02/2017 0 214 views

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Doha – “ASWAQ”
Qatar is still an attractive investment destination, says Malaysian ambassador to Qatar Datuk Ahmad Jazri Mohd Johar during the recent four-day visit of Deputy Prime Minister, Datuk Seri Dr Ahmad Zahid Hamidi, to Qatar.
Datuk Seri Dr Ahmad Zahid Hamidi’s first visit to Qatar was at the invitation of Qatar’s Prime Minister and Minister of Interior Sheikh Abdullah Nasser Khalifa Al Thani.
Ahmad Jazri said, “The visit will offer economic opportunities and jobs for the companies and Malaysians and help existing investment cooperation. Malaysian companies must capitalise on the intimate bilateral relations to boost their businesses in one of the world’s richest countries.”
He further said that the Qatari Government has high confidence in Malaysian companies based on their performance record in helping the country develop, especially quality infrastructural development since 2014. He added, “We have the abilities because many Qatari firms recognised the strengths of Malaysian companies.”
Qatar is the third biggest trading partner of Malaysia in the Middle East after United Arab Republic and Saudi Arabia. Its key trading partners in the world are still Japan, the United States and Germany. Total Malaysia-Qatar trade has increased by three-fold in 10 years, from US$265.5mil in 2006 to US$842.38mil in 2015.
Malaysia’s key exports included electrical and electronic products, machines, equipment and tools, metal and wood products and processed food. Malaysia imports raw petroleum, refined oil, chemical and metal products from Qatar.
Ahmad Jazri said Qatar was now focusing on the construction and infrastructural sectors in the urban areas in preparation for hosting the FIFA World Cup in 2022.
Ahmad Zahid visited the National Control Centre and community projects in Lusail, Doha, Hamad International Airport and met Malaysians in Qatar, in addition to having an audience with the Emir of Qatar, Sheikh Tamim Hamad Al-Thani and calling on Sheikh Abdullah.

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