Qatar-Indonesia Trade Soars to QR4.13 Billion in 2024: A New Era of Economic Partnership

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Bilateral trade between Qatar and Indonesia reached a record high of QR4.13 billion in 2024, signifying a remarkable 13.5% increase compared to the previous year. This surge underscores the growing economic ties and collaborative potential between the two nations.

The burgeoning economic relationship between Qatar and Indonesia took center stage recently, as the Chairman of Qatar Chamber (QC), Sheikh Khalifa bin Jassim bin Mohammed Al Thani, announced a significant milestone: bilateral trade between the two nations reached QR4.13 billion in 2024. This impressive figure represents a substantial 13.5% growth compared to the QR3.64 billion recorded in 2023. The announcement, made during a Qatari-Indonesian Business Meeting attended by Indonesian President Prabowo Subianto, highlights the strengthening economic partnership between the two countries. Sheikh Khalifa emphasized Indonesia's crucial role as a key trade partner for Qatar, noting the numerous successful Qatari investments in Indonesian sectors like communications, banking, and energy. He also acknowledged the reciprocal investment activity, with numerous Indonesian companies establishing themselves in Qatar through partnerships or independent ventures. Beyond the impressive trade figures, the meeting underscored the shared vision for sustainable development and prosperity that unites Qatar and Indonesia. Sheikh Khalifa reiterated Qatar's commitment to fostering a robust, business-friendly environment, characterized by world-class infrastructure and development initiatives aligned with the National Vision 2030. This strategic vision aims to solidify Qatar's position as a global hub for investment, innovation, and trade. The signing of a Memorandum of Understanding (MoU) between the Qatar Chamber and the Indonesian Chamber of Commerce served as a focal point of the meeting. This agreement is poised to significantly advance private-sector collaboration, promoting increased interaction and investment opportunities between Qatari and Indonesian businesses. The MoU aims to facilitate joint ventures, identify promising sectors for collaboration, and fully leverage the benefits and incentives offered by both governments. The Indonesian side expressed equally enthusiastic sentiments. Anindya Novyan, Chairman of the Indonesia Chamber of Commerce and Industry, commended the QC's efforts in strengthening bilateral ties, highlighting Indonesia's abundant natural and human resources and the wide range of investment opportunities in sectors such as renewable energy, infrastructure, technology, and food security. Special Envoy Hashim Djojohadikusumo reinforced this message, emphasizing Qatar's significant investment in Indonesia, particularly within the banking and communications sectors, and extending a warm invitation to Qatari investors to explore further opportunities within Indonesia's dynamic economy. The meeting concluded with a mutual commitment to fostering deeper economic cooperation. The QC pledged its full support in facilitating trade and investment between Qatari and Indonesian businesses, urging both private sectors to actively engage in creating mutually beneficial partnerships. This significant growth in bilateral trade signifies not only a positive economic development but also a testament to the strengthening diplomatic and strategic relationship between Qatar and Indonesia, promising even greater collaborations in the years to come.
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