‘Qatar, Spain bilateral trade around $1.5bn’

Doha, Qatar: Qatar and Spain have witnessed a positive trajectory growth in bilateral relations with a number of MoUs and agreements signed across sev...

Doha, Qatar: Qatar and Spain have witnessed a positive trajectory growth in bilateral relations with a number of MoUs and agreements signed across several realms in addition to conducting strategic business dialogues.

Speaking to The Peninsula in an exclusive interview, H E Javier Carbajosa, Ambassador of the Kingdom of Spain to the State of Qatar said: “The bilateral trade is coming up. I think that we are around the $1,500m ($1.5bn) at this particular moment in coming up and we certainly have the willingness to promote commerce and trade between both sides.”

On June 21, Qatar and Spain took part in the first edition of the strategic business dialogue in Madrid, which was attended by the Prime Minister and Foreign Minister, H E Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, and the Minister of Industry and Commerce, H E Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani.

The Ambassador remarked that the business dialogue was “extremely useful” and identified core areas including tourism, artificial intelligence, energy, and infrastructures.

In terms of investment, Ambassador Javier noted the ties between the Qatar Investment Authority (QIA) and the Sovereign Fund in Spain (COFIDES) are robust.