(MENAFN- The Peninsula) The Peninsula
The members of the Qatari Businessmen Association (QBA) and Qatar Chamber held a meeting with the visiting Deputy Prime Minister of Malaysia, Wan Azizah Wan Ismail, and her accompanying ministerial delegation and discussed ways to expand bilateral cooperation and investment in several promising sectors of the two fast growing economies.
The meeting with the high-level delegation from the Southeast Asian country, included Minister of International Trade and Industry, Deputy Minister of Foreign Affairs, Deputy Minister of Finance and Deputy CEO of Malaysia Investment Authority, in the presence of Ahmad Fadil Shamsuddin, Malaysia Ambassador to Qatar, on the sidelines of her visit to Doha to strengthen bilateral cooperation between the two countries and discuss ways to develop them.
From QBA, the meeting was headed by Sheikh Faisal bin Qassim Al Thani, QBA Chairman, which was attended by Mohamed bin Ahmed bin Towar Al Kuwari, First Vice-Chairman of Qatar Chamber, and other dignitaries and prominent businessmen from Qatar.
Sheikh Faisal welcomed the guests and spoke about the historical relations between Qatar and Malaysia. He also praised Malaysia, becoming an important investment destination with a strong and diversified economy and the fastest growing economy in the region. Malaysia is also famous for its Islamic banking sector, which ranks the third globally as one of the largest Islamic banking sectors in the world.
Al Kuwari also echoed about the need to strengthen bilateral cooperation and study investment opportunities between businessmen in both countries.
For her part, Wan Azizah (the Deputy Prime Minister) thanked QBA for this meeting and delivered a speech in which she affirmed her country's keenness to develop economic relations with Qatar, pointing to the multiple visits organised by business delegations from Malaysia to Doha during this year.
She also highlighted the significant characteristics of the Malaysian Economy and its industrial plan where the industrial sector contributes with 36.8 percent of the national income and she stated some of the industries which represent an important pillar to the Malaysian trade revenues like electronics and electrical appliances, that represents 24.5 percent of the sector.
In addition, Malaysia is famous for the medical tourism sector and most of the hospitals that cater to medical tourists are private sector institutions that follow internationally recognized standards in health care.
During the discussion, Nasser Al Haidar, QBA Member, addressed a question to the Malaysian delegation regarding the most important economic sectors in which the Qatari private sector can cooperate with the Malaysian side. The Minister of International Trade highlighted investment opportunities in some promising sectors including the food industry and health and medical tourism sectors.
At the end of the meeting, Sheikh Faisal exchanged with the Deputy Prime Minister, and later she invited Sheikh Faisal and other QBA Members to visit Kuala Lumpur and explore investment opportunities.
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