Mubasher: Trade exchange between Qatar and 11 partner countries at the International Product Exhibition and Conference (IPEC) reached QAR 20 billion ($5.5 billion), beating expectations.
IPEC, which is the first of its kind to be held in Qatar, kicks off on 8 October and ends on 10 October.
The three-day event, which will take place at the Doha Exhibition and Convention Center, will display strategic projects for achieving national requirements. It will also facilitate public-private partnerships and joint ventures.
The event will host representatives of several ministries and government bodies as well as a number of local companies under the umbrella of QC and Qatar Development Bank, the Qatar Chamber (QC) said in a statement.
It is worth noting that Qatar has been working on diversifying its economic relations and exporting destinations, especially after the quartet — the UAE, Bahrain, Saudi Arabia, and Egypt — boycotted Qatar last summer.
Since 5 June 2017, Qatar has been facing outflows of foreign customers' deposits after four Arab countries led by Saudi Arabia cut their diplomatic and trade ties with the gas-rich state, accusing Qatar of financing terrorism. Doha forcefully denies the charges.
