150% growth in trade with Indonesia in 5 years, says Bin Tawar

Qatar Chamber First Vice-Chairman HE Mohammed bin Tawar Al-Kuwari, received at the Chamber’s headquarters Wednesday, June 21, 2023, a delegation representing the Indonesian Young Entrepreneurs Association (HIPMI), in the presence of HE Radwan Hassan, Ambassador of the Republic of Indonesia to the State of Qatar, and the heads of some Indonesian companies in the province of South Sumatra operating in various sectors including, food, fertilizer, mining, coal trading, housing development, and tourism sectors.

The meeting discussed ways to enhance trade and investment cooperation relations between the two sides, investment opportunities in both countries, in addition to the possibility of establishing joint projects. Al-Kuwari praised the close relations between the State of Qatar and the Republic of Indonesia at all levels especially in the commercial and economic fields, pointing to their interest to further enhance their economic and commercial ties, for the benefit of the two countries’ economies.

He indicated that Indonesia is an important trade partner to Qatar, noting that their bilateral trade volume grew by 150% over the past five years, from QR 1.26 bn in 2017 to QR 3.2 bn last year. As for mutual investments, he said that there are many Qatari investments in Indonesia in various sectors such as communication, banking, and energy, while there are many Indonesian companies that invest in Qatar with Qatari partners in a variety of sectors.

For his part, the Indonesian Ambassador to Qatar HE Ridwan Hassan, praised the distinguished relations between the two countries, noting that the mutual visits and signed agreements aimed at developing trade relations, pointing out that the Qatari-Indonesian Business Forum, which was held in Doha last October in the presence of the Minister of Commerce of the Republic of Indonesia, had a positive impact on strengthening trade and investment cooperation.

He pointed out that there are many investment opportunities available in Indonesia in general and in Sumatra in particular, in which Qatari businessmen can invest. He called on Qatari businessmen to visit Sumatra and see closely the available investment opportunities.