Qatar Keen to Invest

Trade between Qatar and Iran increased by 49 percent to $114 million in 2007, as compared to $76 million in 2006 and $93 million in the year before, according to the latest statistics released by the Qatari Ministry of Business and Trade, ISNA wrote.

The imports peaked at 70 percent in 2006 but fell to 52 percent in the following year and 56 percent in 2005. The figures were released on the sidelines of the second meeting of Qatari-Iranian Follow-up Committee that was held in Doha at the Ministry of Business and Trade on Monday.

Sheikh Fahd Bin Jassim Bin Mohammed Al Thani, Minister of Business and Trade, and Ali Akbar Mehrabijan, Minister of Industry and Mines of Iran, attended the event.

Sheikh Fahd said Qatar has been keen to invest in Iran, especially in areas like agriculture and industry.

He spoke of the possibility of setting up joint ventures.

“I believe there are good investment opportunities but studies to prove that must be conducted first.

Once these studies completed we will refer them to the authorities concerned,” he said.

Asked about PGCC and Iran free trade zone proposed by Iran, the minister said: “We are aware of the Iranian proposal. Qatar has welcomed it but PGCC member states have commitment to discuss this issue collectively.”

Meanwhile, Reliance Communications (RCom) is in advanced stages of negotiations with Telecommunication Infrastructure Company (TIC), Iran’s leading telecom service provider, to set up two cable landing stations in the country. The firms are likely to sign a pact later, followed by a formal announcement.

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