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Qatar Chamber reports a 67% surge in transactions in 2024

The QC launched the “Made in the Gulf” initiative to promote economic integration and support industrial development.

Qatar Chamber
Credit: Qatar Chamber

The Qatar Chamber (QC) reported a total of 154,778 transactions, marking a 67% increase from 92,529 in 2023. The transactions included 50,262 certificates of origin, with 49,405 issued electronically, up 7% from the previous year’s 46,984.

In line with the third National Development Strategy (2024–2030), the Chamber reduced service fees as part of Cabinet Decision No. 19 of 2024 to ease financial burdens on businesses and encourage investment. It also expanded cooperation with relevant authorities to address challenges facing the private sector through open dialogues and meetings with officials.

GCC-Level Initiatives and Appointments

The QC launched the “Made in the Gulf” initiative to promote economic integration and support industrial development. During a consultative meeting with GCC commerce ministers and chamber leaders, the Chamber proposed a study to assess the impact of a potential carbon tax on GCC economies.

Notable appointments in 2024 include:

  • Sheikh Khalifa bin Jassim Al-Thani: Appointed First Vice President of the Arab-German Chamber of Commerce and Industry (Ghorfa).
  • Ali bin Abdullatif Al Mesned: Elected Vice Chair for the Africa and Middle East region of the International Federation of Freight Forwarders Associations (FIATA).
  • Ibtihaj Al Ahmadani: Appointed to the Board of Trustees of the Arab Women Investors Union and as a consultant to its Supreme Trade Committee.
  • Saleh bin Hamad Al Sharqi: Appointed Secretary-General of the Federation of Chambers of the Gulf Cooperation Council (FGCCC).

Key sectoral engagement

In 2024, the Chamber launched the Qatar Association for Freight Forwarding and Logistics (QAFL), representing Qatar within FIATA. Sectoral committees held 27 meetings with business representatives to identify sector-specific challenges and propose solutions.

The Chamber also enhanced its digital infrastructure to modernise business services and began preparing its new headquarters at Lusail’s “Boulevard.” Additionally, 13 ATA carnets and 10 TIR carnets were issued to facilitate international trade.

By the end of 2024, the Chamber had 66,771 members, with 1,400 new affiliates joining. The QC hosted over 280 events, including 80 meetings with foreign trade delegations, and participated in 44 international events. It signed 15 Memoranda of Understanding with counterpart chambers of commerce.