Dubai, United Arab Emirates: Qatar Development Bank (QDB) is leading a major trade mission to the UAE, with over 25 Qatari companies from various sectors including construction, food and beverage, technology, and more. Sponsored by “Tasdeer,” QDB’s export promotion arm, this mission aims to explore business opportunities in the UAE market and foster new partnerships between Qatari and UAE companies. The mission will take place in Dubai from November 19-20, 2024, and is designed to strengthen economic ties between the two nations, focusing on sectors such as construction, AI, sports technology, and industrial goods.
The Qatari mission includes several sectors witnessing increasing demand, such as construction, plastics and paper industries, iron and steel, and food and beverage, in addition to innovative solutions in the fields of artificial intelligence and sports technology.
This diversity of participating companies reflects the shared vision of Qatar and the UAE in their joint pursuit of economic integration based on diverse expertise and innovation.
Developing Mutually Beneficial Economic Relations
Khalid Abdullah Al-Mana, Vice President of Enterprise Development, stated: “This mission aims to present Qatari companies as trusted partners in the UAE market, as we look forward to empowering our longstanding economic relations with our counterparts in the United Arab Emirates. Our support for leading Qatari companies to access new markets enhances opportunities for joint cooperation, contributing to the development of the local business ecosystem and serving the interests of both the Qatari and UAE economies.”
He pointed out that the UAE market presents an exceptional opportunity for Qatari companies seeking to expand, emphasizing that the mission is part of a series of initiatives aimed at strengthening trade ties between the two countries and deepening partnerships in priority sectors.
Comprehensive Program Enhances Cooperation Opportunities
The B2B trade mission event will take place from November 19-20, 2024, at the One&Only One Za’abeel hotel in Dubai, UAE. The invitation is open to all companies to benefit from bilateral meetings, expand their networks, and collaborate with new partners. The program includes site visits and dedicated B2B meetings bringing together Qatari and UAE companies. The event also provides a strategic platform for communication to discuss the latest market trends and identify joint business opportunities.
Business matchmaking meetings are expected to lead to the establishment of long-term partnerships. As a key supporter of the private sector in Qatar, QDB is continuously working on enhancing and supporting small and medium enterprises and entrepreneurs through the provision of financial and non-financial services to develop targeted sectors and enhance skills, with a focus on expanding into local and global markets.
It is worth noting that the economic ties between Qatar and the UAE have grown steadily in recent years, with trade volume increasing by 19% year on year from 2021 to 2023, underscoring the importance of initiatives that support trade exchange and foster economic prosperity across the Gulf region countries.
