Doha: HE Chairman of Qatar Chamber Sheikh Khalifa bin Jassim Al-Thani stated that the visit of HH the Amir Sheikh Tamim bin Hamad Al-Thani to the Republic of Cyprus is expected to open broad horizons for the development of cooperation between the two countries in various fields, which will positively impact trade, investment exchange, and cooperation between the business sectors in both countries, especially given the distinguished relations that connect the two countries at all levels.
In a statement to Qatar News Agency , His Excellency said that the State of Qatar and the Republic of Cyprus are linked by strong and advanced cooperation relations, noting that relations between the two countries are witnessing rapid development in all fields, with reciprocal visits at the level of leaders, officials, and trade delegations, in addition to numerous cooperation agreements and memoranda of understanding signed in various sectors.
HE Sheikh Khalifa bin Jassim Al-Thani clarified that Cyprus is a promising invest
ment destination due to the significant investment opportunities available there, pointing out that the Qatar Chamber encourages Qatari businessmen to explore the available investment opportunities and enhance cooperation between the Qatari private sector and its Cypriot counterpart.
His Excellency also expressed his confidence that the visit of HH the Amir to Cyprus will stimulate business sectors in both countries to increase cooperation and enhance joint and mutual projects, thereby contributing to increasing the volume of trade between the two friendly countries, which is still below aspirations despite the available potentials.
Several promising economic sectors could serve as a future platform for cooperation between the private sectors in both countries, especially in tourism and services, as around three-quarters of Cypriots work in the services sector, while the agricultural sector employs five percent of the workforce. There are promising opportunities for growth in many other sectors on the islan
d, including oil and gas, maritime transport, tourism, wide-ranging development projects, education, health, research, and renewable energy. The government aims to maintain Cyprus’s reputation as a reliable financial center and an attractive investment destination.
Source: Qatar News Agency
