Qatari Small and Medium-sized Companies Sign Deals Worth QR 731 Million in First Half of This Year

Qatar

The value of deals signed by Qatari small and medium-sized companies benefiting from the various services of the Qatar's Export Development & Promotion Agency (Tasdeer) reached about QR 731 million during the first half of this year.

In a report released today, Tasdeer highlighted the momentum witnessed by the participation of small and medium-sized companies in many international exhibitions and trade missions, including Gulf and Arab markets as well as Turkiye and India.

Tasdeer noted the participation of 20 Qatari companies from various sectors and local industries in the trade mission to the Republic of Iraq, backed by the growth in the volume of Qatari exports to this country during the previous year.

The number of bilateral meetings with the Iraqi side held during this visit reached approximately 331 covering various sectors to which the participating Qatari companies belong, including construction, plastic, medical and pharmaceutical materials, paper products, dyes, adhesives, batteries, and other sectors of interest, while the value of the initial deals amounted to about QR209 million.

12 Qatari companies were able to showcase their products at the PlastIndia exhibition in India, one of the largest trade fairs capable of opening doors for Qatari products to reach new markets and explore broader horizons. The value of the deals amounted to more than QR71 million.

In terms of other exhibitions, Qatari exporters participated in the Kuwait Build & Design Week, one of the most important commercial and consumer exhibitions in the construction, interior design and construction sectors in Kuwait. 14 Qatari companies presented their products and services in this exhibition. Their sectors and fields varied between plastics, technology and architecture. construction services and others. This participation resulted in a number of commercial deals worth more than QR24 million.

Tasdeer noted successive Qatari participation in major exhibitions in the region, as 17 Qatari companies from the construction sector participated in The Big 5 Saudi exhibition, which was held last February at the Riyadh Exhibition and Convention Center. More than 170 bilateral meetings were held and potential deals worth more than QR150 million were signed.

In April, 16 Qatari companies participated in the Turkiye Build Istanbul 2023 exhibition in Istanbul and signed deals worth more than QR37 million with the possibility of exporting their products and services to Europe, Africa, the Middle East and the GCC countries.

22 Qatari companies participated in The Big 5 Egypt exhibition, which was held in June in Cairo and resulted in more than 160 bilateral meetings and deals worth QR126 million along with export opportunities for Qatari companies in Egypt, Russia, Kuwait, Kenya, Morocco, Saudi Arabia and others.

Throughout the first half of the year, trade missions by exporters and owners of Qatari companies were active as 23 Qatari companies participated in the trade mission to India, seeking to open new cooperative areas for the future, given the increase in the volume of trade between the two countries by 60% since 2020, while the value of deals exceeded QR114 million.

Tasdeer is keen on continuing its activities and programs that seek to speed up the development of the private sector in line with the National Vision of the State of Qatar 2030 and to build a strong and diversified economy by developing the capabilities of Qatari exporters in the non-oil and non-hydrocarbon fields and increasing the competitiveness of the Qatari product in the global markets.

(QNA)