Doha, May 12 (QNA) - The Qatari Businessmen Association (QBA) signed three Memoranda of Understanding (MoUs) with "Invest Hong Kong," the Hong Kong Trade and Development Council, and the Chinese Manufacturers' Association of the Hong Kong Special Administrative Region of the People's Republic of China. Signed in the presence of HE Chief Executive of Hong Kong Special Administrative Region of the People's Republic of China John Lee, and HE Chairman of QBA Sheikh Faisal bin Qassim Al-Thani, these MoUs aim to enhance economic, trade, and investment cooperation between the two sides and facilitate investment processes in both directions. Following the signing of the MoUs, HE John Lee invited members of the QBA to visit his country, pointing out that Hong Kong companies are looking to invest in vital sectors in Qatar, including infrastructure, information technology, fintech, and health and biotech technologies. He also added that Hong Kong is home to a large number of successful entrepreneurs in these sectors. HE John Lee expressed his desire to strengthen economic and financial cooperation between the two sides and to develop it to meet mutual aspirations. He affirmed that Qatar is a prominent commercial and financial hub for business in the Middle East and that Hong Kong is similarly a major business center in Asia, equipped with numerous offices to help companies and investors benefit from the opportunities available. For his part, HE Sheikh Faisal bin Qassim Al-Thani said that Qatari companies have, in recent years, grown into major players in various sectors and have proven their capabilities through the successful implementation of mega projects - both domestically, as seen in the successful hosting of the Qatar World Cup 2022, and internationally through participation in numerous projects across different continents. HE the QBA Chairman noted that QBA members are aware of the significant potential offered by Hong Kong's economy in the fields of services and tourism, as well as its openness to the world's largest markets, including China, one of Qatar's biggest trading partners. Meanwhile, HE QBA board member Sheikh Hamad bin Faisal Al-Thani pointed out that Qatar is shifting toward a knowledge-based economy that aligns with Hong Kong's key sectors like financial services, artificial intelligence, logistics, and tourism. This, he said, creates diverse opportunities for bilateral cooperation, especially with the significant tax and legislative incentives Qatar offers to foreign investors. He noted that QBA will work with the entities with which the MoUs were signed to identify specific economic sectors for joint efforts between the QBA and its Hong Kong counterparts, in a way that strengthens trade and economic ties. (QNA)