Qatar and Saudi Arabia are taking significant steps to deepen their economic and trade cooperation, as discussed during a recent meeting of the Qatari-Saudi Coordination Council. Senior officials from both countries reviewed the progress on joint initiatives and explored strategies to boost bilateral trade and support economic integration.
Data shows that trade between Qatar and Saudi Arabia reached approximately $1.98 billion in 2025, marking a 36 percent increase from the previous year. In the first quarter of 2026 alone, bilateral trade grew by about 18 percent, surpassing their 15 percent growth target. This growth was driven by Qatari exports to Saudi Arabia, which amounted to over $1.42 billion, and the operation of more than 977 Saudi companies in Qatar.
Key discussions during the council meeting included ways to facilitate import and export procedures and support small and medium-sized enterprises. The two countries also focused on improving supply-chain integration and expanding financial cooperation. They addressed the need to overcome trade barriers and make it easier for businesses to operate across both markets.
A significant point of discussion was the preparation for launching a Joint Economic and Trade Strategy. This strategy aims to set priorities, initiatives, and measurable targets for the next phase of bilateral economic cooperation, ensuring continued growth and collaboration between the two nations.
Both countries emphasized the importance of completing agreed initiatives and tackling outstanding trade challenges to further enhance economic and industrial integration. These efforts are seen as vital for fostering a robust and mutually beneficial economic relationship.