Washington, DC - On Friday, November 12th, the US-Qatar Business Council (USQBC), in partnership with the US Chamber of Commerce, hosted the US-Qatar Strategic Dialogue Private Sector Engagement at the Conrad Hotel – Arts Gallery on the sidelines of the 4th Annual US-Qatar Strategic Dialogue.
Occurring on the sidelines of the 4th Annual US-Qatar Strategic Dialogue, the event was attended by officials from both the United States and Qatari governmental delegations and executives of the private sector including USQBC member companies. The event provided an opportunity for public and private sector officials to have informal discussions on expanding the US-Qatar bilateral business relationship.
During the event, Mohammed Barakat, Managing Director of USQBC, announced the public launch of the USQBC Business Portal. He said, “The launch of the USQBC Business Portal will make doing business between the US and Qatar even easier. It will capitalize on the already flourishing trade relationship between the two countries, and will benefit their governments & agencies, large corporations, and SMEs alike.”
The bilateral business ties between the two countries continue to solidify with the total economic relationship between them exceeding $200 billion as of 2019. The US is Qatar’s largest foreign direct investor with a total of $110.6 billion in FDI and is the largest single source of exports to Qatar at $6.5 billion in goods in 2019. In the past five years, Qatar has imported over $23 billion from the US, and over 850+ US companies now operate in Qatar.
Qatar is also an increasingly large investor in the United States having pledged $45 billion in investment over the coming years with key investments already having been made across multiple sectors including oil & gas, financial technology, real estate, food production, and hospitality, among others.
Visit the USQBC Business Portal at: portal.usqbc.org