Qatar-US Economic Forum begins in Charleston today

 16 Apr 2018 - 9:39

Qatar-US Economic Forum begins in Charleston today

The Peninsula

DOHA: The Qatar-US Economic Forum, organised by the Ministry of Economy and Commerce, will kick-off today in Charleston, South Carolina. The Ministry is organising the Forum in cooperation with the Qatar Chamber, the US Chamber of Commerce, the Qatari Businessmen Association, the U.S-Qatari Business Council and a number of official US agencies.

The forum will bring together more than 200 businessmen and Qatari officials along 200 CEOs from major American companies.  Panel discussions will be held on the sideline of the forum between representatives of the Qatari and US business sectors in a bid to strengthen existing economic partnerships. The forum will also feature sectorial discussions in the fields of Food Security, Transportation and Information Technology.

The forum is organised within the framework of Qatar’s Economic Roadshow in the US, which spans across several US cities and aims at bolstering and expanding Qatari-US trade and economic relations. The Forum also provides an important platform for dialogue between businessmen from both countries as well as presents an opportunity to promote cooperation between the Qatari and US private sectors and to discuss the development of joint investment projects to the benefit of both countries.

Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani, met  with Harris Pastides, president of the University of South Carolina on Saturday on the sideline of Qatar’s Economic Roadshow.

Discussions touched on the prospects for joint cooperation in the economic, trade and investment fields and the promotion of relations. The officials also discussed the investment incentives that Qatar is offering and the economic diversification strategy pursued by the state to achieve the Qatar National Vision 2030.

The Minister of Economy and Commerce and Dr Khamis Rashid Al Kaabi, Consul General of Qatar in Houston and Texas, attended the signing of a memorandum of understanding between Qatar Investment Authority Advisory (QIAA) USA and the University of South Carolina. The MoU aims at encouraging collaboration and enhancing investment opportunities between the two entities.

Mohammed Saif Al Sowaidi, head of Qatar Investment Authority Advisory (QIAA) USA, and on behalf of USC’s president,  William Kirkland, Executive Director, Office of Economic Engagement co-signed the agreement.

“We are very pleased to reach this agreement with The University of South Carolina. The higher education community is central to research and development, innovation and future economic growth, and having an esteemed partner such as USC is a perfect complement to our efforts to invest in the US economy and help generate jobs and growth here and globally,” said Mohammed Saif Al Sowaidi, head of QIAA. 

“This agreement enhances QIAA’s overall strategy in North America and creates further opportunities for us to build on our existing $35bn investment commitment to the United States. USC is a recognised leader in higher education with a robust endowment and impressive credentials, and we look forward to working together to create long-term opportunities for both entities,” he added.

“On behalf of the University of South Carolina, I am honoured to sign a memorandum of understanding with QIAA to collaborate on joint investment opportunities. We look forward to a long-term partnership with Qatar Investment Authority and Qatar,” said Harris Pastides, president of the University of South Carolina.

The MoU creates a framework for future cooperation between QIAA and USC. Under the terms of the MoU, QIAA and USC will work together to broaden and deepen their working relationship, consider business and investment opportunities in both Qatar and the State of South Carolina and consider initiating and collaborating on joint investment activities.  QIAA is a wholly-owned subsidiary of Qatar Investment Authority. The Ministry of Economy and Commerce has already organised two Qatar-US economic forums in the cities of Miami and Washington.

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