Posted on February 27, 2016

HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed Al-Thani stressed the strength of economic and commercial ties between Qatar and the UAE during an address he gave at the second Qatar-UAE economic forum, which kicked off Thursday in Abu Dhabi.

HE Sheikh Ahmed bin Jassim said bilateral ties are developing and growing thanks to the investments of government institutions and the private sector, noting that trade exchange between the two countries amounted to QR 26.1 billion in 2015. The UAE is Qatar's fifth biggest trade partner and some 1,074 companies with UAE capital shares operate in Qatar while nearly 4,200 Qatari businesses operate in the UAE, HE the minister said.

The minister of economy and commerce expressed hope that the forum will promote and develop economic ties and open up opportunities for the Qatari and UAE business sectors to play more effective role in the economies of both countries and benefit from available investment opportunities so as to achieve the desired economic diversification and bring growth and prosperity to the two countries and their peoples.

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