QATAR, SAUDI ARABIA .. HISTORICAL TIES AND CONTINUED COORDINATION

The Establishment of the Qatari-Saudi Coordination Council in 2008, came as a step toward activating and developing the cooperation between Qatar and Saudi Arabia to realize the aspirations of the leadership in the two countries and agreeing on full coordination on various fields in addition to developing bilateral relations in political, security, fiscal, economic, trade, investment, cultural, media and other fields to achieve interests of the two countries and the two brotherly peoples.

The council is considered to be a furtherance to the march of the Gulf Cooperation Council (GCC) and realization to its objectives of achieving coordination, integration and interconnection in all fields between the Member States and strengthening the linkages and cooperation between the peoples of the GCC countries in various fields.

The Council held four sessions the first of which was in Riyadh and most recent was in Doha 2013 when ways to develop cooperation in military, security, economic, trade, agriculture, cultural and media areas were discussed.

Reflecting the meanings of integration between Doha and Riyadh HE the Minister of Foreign Affairs Sheikh Mohammed Bin Abdulrahman Al-Thani said that the competent authorities in Qatar and Saudi Arabia will implement the directives of the leaders of the two countries with regard to the continuous coordination for the implementation of joint projects in order to achieve the Qatar National Vision 2030 as well as the vision of Saudi Arabia 2030.

This came following the talks that took place between HH the Emir Sheikh Tamim bin Hamad Al-Thani, and HRH Saudi Deputy Crown Prince, Second Deputy Prime Minister and Minister of Defense Mohammed bin Salman bin Abdul Aziz Al Saud, during his visit to Qatar in May, during which fraternal relations between the two brotherly countries and ways to support them were discussed.

The strong relations between the State of Qatar and the Kingdom of Saudi Arabia are reflected on the overall popular and economic relations between the two countries.

Figures indicate that Qatar is the favorite tourist destination for families from Saudi Arabia. The country received 2.18 million visitors during the first nine months of 2016, of which more than one million visitors were from the GCC countries and Saudi Arabia topped the list of exporting markets for tourism to the State of Qatar, where the total number of visitors from Saudi Arabia to Qatar exceeded 740 thousand visitors between January and September 2016, representing an increase of 8% compared to the same period last year.

The trading volume between the two countries in 2015 reached about QAR 7 billion of which QAR 1.8 billion for the benefit of the State of Qatar, and QAR 5.1 billion for Saudi Arabia. Corporate and investment between the two countries are active that 315 companies -fully owned by Saudis are operating in Qatar in addition to 303 joint companies with a total capital of QAR 1.252 billion. These companies work in several fields including trade, contracting, engineering, construction, jewelry, transport, medical services and other fields of investments.

Thanks to this activity, Qatar Chamber of Commerce and Industry chose the city of Riyadh as the first foreign station for the “Made in Qatar” fair which was held in November with the participation of more than 200 Qatari industrial companies.

Doha and Riyadh agree on the need to restore the balance to international oil prices. The two countries join efforts in and outside the OPEC in order to set a fair price for oil to revive global economy and bring gains for producing and exporting countries. It is worth mentioning that Doha hosted the international negotiations on oil prices, and coordinated positions with Saudi Arabia to bring momentum to Qatar’s efforts on this important topic. (END)

Source: Qatar News Agency

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