Over 25 Qatari companies are set to participate in a trade mission to the UAE on November 19-20, 2024, organized by Qatar Development Bank's export promotion arm, Tasdeer. This mission aims to foster partnerships and enhance the local business ecosystem, focusing on key sectors such as construction, plastics, food and beverage, artificial intelligence, and sports technology [4df7a10d].
Khalid Abdullah Al-Mana from Qatar Development Bank emphasized the importance of strengthening economic relations between Qatar and the UAE, noting that the trade volume between the two nations increased by 19% from 2021 to 2023 [4df7a10d]. This trade mission comes at a time when both countries are looking to deepen their economic cooperation, following the historic visit of Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to the U.S. in September 2024, which highlighted the UAE's commitment to expanding its international trade relations [618f84e6].
The UAE has been actively engaging with various nations to enhance its trade partnerships, and the participation of Qatari companies in this mission signifies a continued effort to build strong economic ties within the region. The focus on diverse sectors reflects a strategic approach to capitalize on emerging markets and technologies [4df7a10d]. As both nations work towards a more integrated economic framework, this trade mission is expected to pave the way for new collaborations and investment opportunities [4df7a10d].