Qatar Chamber, Uzbekistan Discuss Industrial, Investment Cooperation

The story in brief

Doha, August 27 (QNA) - Qatar Chamber discussed on Thursday with the Agency for the Development of Light Industry under the Cabinet of the Republic of Uzbekistan, economic and trade relations between the two countries, as well as investment opportunities and climate available on both sides, and incentives and facilities offered to investors. During the meeting, Qatar Chamber Board Member, Dr. Mohamed bin Jawhar Al Mohamed, stressed the visit's importance in boosting cooperation between the Qatari and Uzbek private sectors and exploring partnership opportunities. He noted that Uzbekistan is witnessing significant economic growth, while bilateral trade remains below expectations, highlighting the need to enhance private-sector cooperation.

Detailed summary

Doha, August 27 (QNA) - Qatar Chamber discussed on Thursday with the Agency for the Development of Light Industry under the Cabinet of the Republic of Uzbekistan, economic and trade relations between the two countries, as well as investment opportunities and climate available on both sides, and incentives and facilities offered to investors. During the meeting, Qatar Chamber Board Member, Dr. Mohamed bin Jawhar Al Mohamed, stressed the visit's importance in boosting cooperation between the Qatari and Uzbek private sectors and exploring partnership opportunities. He noted that Uzbekistan is witnessing significant economic growth, while bilateral trade remains below expectations, highlighting the need to enhance private-sector cooperation. He also pointed out that light industries represent a promising area for cooperation, with opportunities for partnerships in manufacturing, production, technology and other fields, highlighting Qatar's investment environment, advanced infrastructure, modern economic and logistics zones, and strategic location providing access to regional markets. For his part, Director of the Uzbek Agency for the Development of Light Industry, Oybek Khodjaev, said the delegation comprises 14 leading Uzbek companies specialized in textiles. He noted that light industries account for around 10 percent of Uzbekistan's economy, with approximately 10,000 companies operating in the sector, while exports reach 87 countries. He also pointed out that Uzbekistan is currently focusing on expanding into African and Gulf markets, expressing the Agency's readiness to promote investment opportunities available in Qatar among the Uzbek business community. In turn, HE Ambassador of the Republic of Uzbekistan to the State of Qatar, Dr. Ashraf Khodjaev, presented a proposal to establish a textile and fabric manufacturing plant in Qatar through a Qatari-Uzbek partnership, combining Uzbek expertise and technology with Qatar's investment environment, incentives and available raw materials. He noted that such cooperation could help position Qatar as a regional and global hub for textile and fabric production. How can we help?

Background & context

This story sits within Qatar's broader reform agenda and efforts to grow the economy as a pillar of non-oil GDP. The region benefits from supportive energy prices, expansionary government budgets, and rising interest from sovereign wealth funds and foreign investors.

Key numbers & facts

No specific figures were provided in the available source. See the original publisher for detailed numbers.

Key points

Doha, August 27 (QNA) - Qatar Chamber discussed on Thursday with the Agency for the Development of Light Industry under the Cabinet of the Republic of Uzbekistan, economic and trade relations between the two countries, as well as investment opportunities and climate available on both sides, and incentives and facilities offered to investors.
During the meeting, Qatar Chamber Board Member, Dr.
Mohamed bin Jawhar Al Mohamed, stressed the visit's importance in boosting cooperation between the Qatari and Uzbek private sectors and exploring partnership opportunities.
He noted that Uzbekistan is witnessing significant economic growth, while bilateral trade remains below expectations, highlighting the need to enhance private-sector cooperation.

Why this matters

This matters because activity in GCC markets shapes capital flows, hiring and investor sentiment across Qatar.

Economic & market impact

Potential ripple effects across GCC equities, banking activity and investor confidence. Watch listed regional names exposed to the story.

GCC angle

For the rest of the GCC, this is a signal on the pace of activity in the sector. Capital flows and regulatory decisions in one Gulf state typically travel across borders given the similar economic structures and the coordination inside the GCC framework.

Risks & uncertainty

There is uncertainty around the read-through: projections can be moved by swings in oil prices, by US monetary policy tightening that most GCC central banks track via dollar pegs, and by regional geopolitical events. Headline numbers may also be revised when subsequent official data is published.

What happens next?

Watch for upcoming disclosures from listed names in the sector, official macro releases for Qatar, and any commentary from regulators or sovereign wealth funds. Tharwa will refresh this briefing as new public information becomes available.

Sources used

Qatar News Agency (QNA) — Economy EN