Qatar Chamber Chairman Sheikh Khalifa bin Jassim bin Mohammed Al Thani (centre); Mubarak bin Abdullah Al Sulaiti (right), Chairman of Al Sulaiti Law Firm;, and Sheikha Mayes bint Hamad bin Mohammad bin Jabr Al Thani, Managing Director of USQBC, after the
Doha: Doha-based Al Sulaiti Law Firm and US-Qatar Business Council (USQBC) yesterday signed a Memorandum of Understanding (MoU) for cooperation, with special focus to promote investments, raise legal awareness and strengthen bilateral economic relations between Qatar and the US.
The signing ceremony took place at the Qatar Chamber (QC) headquarters in the patronage and presence of QC Chairman Sheikh Khalifa bin Jassim bin Mohammed Al Thani. The MoU was signed by Mubarak bin Abdullah Al Sulaiti, Chairman of Al Sulaiti Law Firm and Sheikha Mayes bint Hamad bin Mohammad bin Jabr Al Thani, Managing Director of USQBC.
The major thrust of the MoU is to promote mutually beneficial cooperation between Al Sulaiti Law Firm and US-Qatar Business Council, in the areas of investment, legal awareness and bilateral economic ties. Al Sulaiti Law Firm and USQBC will work together to provide Qatar and US investors with expanded access to information about potential investments, create information exchanges focused on how to invest in the US and Qatar and support USQBC’s effort to better market available opportunities. The US and Qatar have extensive economic ties, with over $185bn worth of business partnership. There are over 120 US companies operating in Qatar and in return, Qatar has announced a plan to invest $45bn in the US.
“USQBC is keen to partnering with well respected organizations and leading key players to facilitate trade and investment between the United States and Qatar. This partnership will offer legal awareness workshops and legal related insights to current USQBC members and prospects in addition to US investors looking to establish a business in Qatar” said Sheikha Mayes.
“As part of Al Sulaiti Law Firm’s vision, we, as a firm, highly believe in supporting our community to protect their legal rights. Our purpose for signing with USQBC is to encourage investment in both the US and Qatar markets and to assist those investors with legal information and awareness. We will work together hand in hand with the USQBC and our US legal partners, to make sure that members and investors have a complete and accurate understanding of the know-how on how to establish a business in either or both countries “ stated Mubarak Al Sulaiti.
