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Iran ready for joint investment in Qatar

Business Materials 24 October 2014 23:12 (UTC +04:00)
Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh in a meeting with the visiting Qatari Minister of Economy and Commerce Sheikh Ahmad bin Jassim bin Mohammad al-Thani said Iran in its relations gives priority to its neighbors.
Iran ready for joint investment in Qatar

Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh in a meeting with the visiting Qatari Minister of Economy and Commerce Sheikh Ahmad bin Jassim bin Mohammad al-Thani said Iran in its relations gives priority to its neighbors.

"Through unity and further sincerity we can halt extremist movements in the region and take steps towards consolidation of brotherly ties between the two countries."

Pointing to the long-standing bilateral historical, cultural, political and economic relations, Nematzadeh said capacities of the two countries in different fields are abundant and efforts should be made to expand the fields.

He said despite pressures of the sanctions on Iran, fortunately all economic sectors are active and busy, adding that at least two banks should be specified in both countries for the start of cooperation as it is essential for joint investment.

Meanwhile, the Qatari minister said in the light of the support of the governments and removal of bottlenecks and activating of the private sector the two countries can place hope in the improvement of bilateral trade relations.

In another development, Minister of Economic Affairs and Finance Ali Tayebnia in a meeting with his Qatari counterpart stressed on increase in the level of economic relations and announced the will of the officials of both sides for the formation of joint investment committee.

Tayebnia said fortunately Iran-Qatar ties have always been satisfactory but the volume of bilateral economic and trade relations does not deserve the two countries.

He further remarked that in the area of trade transactions and economic relations there is the capability to increase the volume to several ten folds.

Also speaking at the session, Sheikh Ahmad bin Jassim bin Mohammad al-Thani said after previous visit to Iran he had announced in Qatar that Iran is a friendly and brotherly nation and expressed willingness to take advantage of the opportunity to promote the level of trade and economic relations between the two countries.

He pointed to the construction of Al Ruwais Port in Qatar which is opposite to Iran's port of Bushehr and said by the end of the current year grounds will be prepared for increase in trade and commercial transactions between the two countries.

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