Qatar’s Minister of Commerce and Industry, Sheikh Mohammad bin Hamad, reaffirmed Doha’s desire to strengthen its economic ties with Asian nations.
Speaking at the opening of the Asia Cooperation Dialogue’s (ACD) third summit, Sheikh Mohammad reaffirmed that Qatar, one of the ACD’s founding members comprising 35 states and 56% of the world’s population, has been working to promote economic integration among Asian nations.
He stated that the percentage of inter-Asian trade made up 57% of all trade in 2022 as opposed to 54% in 2000.
Speaking about Qatar, he stated that the nation has made progress in building its infrastructure since the adoption of the “National Qatar Vision 2030.”
He called it a great step that opened the door to economic prosperity and ranked Qatar 11th in the world for comprehensive competitiveness.
In recent years, Qatar has undertaken several initiatives aimed at luring in foreign investments and highly skilled foreign workers with expertise in technology, infrastructure, health, commerce, investments, and finance.
In his remarks at the event venue, the leader of Qatar’s Chamber of Commerce, Sheikh Khalifa bin Jassem, expressed that Qatar’s future in artificial intelligence appears promising.
He further added that the nation is on a path to becoming a trailblazer in this particular field.
“This forum is an opportunity to exchange views and hold talks on the challenges and opportunities provided by artificial intelligence for businesses,” he said, as reported by Zawya.
The secretary general of the ACD, Ambassador Nasser Al-Mutairi, confirmed that Asia, home to 60% of the world’s population, is a promising region for AI.
The head of the Qatari League of Business Personnel, Saud Al-Manea, affirmed the importance of the forum’s theme and how artificial intelligence can be used in the business sector.
He went on to say that the ACD has been expanding and currently has 4.5 billion people living in more than 35 states.
Meanwhile, Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari recently signed a MoU between the two Gulf nations to cooperate in the finance sector.
It was signed on the sidelines of the 122nd meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee in Doha, Qatar.
Minister Aljadaan said that the MoU is part of efforts to strengthen relations between Saudi Arabia and Qatar in the finance sector, including microeconomic policy, public sector laws, and legislation to enhance economic growth in the region.
Minister Al Kuwari noted the importance of the MoU and its potential impact in exchanging expertise and information in the finance sector to enhance and strengthen relations between the two nations.