China and Qatar Advance Bilateral Trade, Currency Swap, and Infrastructure Agreements

Invest Qatar and the Qatar Association of Chinese Enterprises recently hosted a roundtable meeting for Chinese-funded firms operating in Qatar to address landing services, operational needs, and business expansion. Participating Chinese firms included ICBC, Bank of China, China Harbour Engineering, China Railway Construction, Yutong Bus, Xiamen Airlines, Kingdee International, and Dahua Technology.

On the financial front, Qatar Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al-Thani and People's Bank of China Governor Pan Gongsheng signed an agreement renewing their bilateral local currency swap for the third time during the IMF and World Bank Annual Meetings in Bangkok. The renewal aims to support bilateral cross-border trade settlements and direct investment in local currencies.

Concurrently, a Qatar Financial Centre (QFC) delegation led by CEO Mansoor al-Khater signed two memoranda of cooperation in China with the Beijing Financial Street Service Bureau and the Belt and Road General Chamber of Commerce. The QFC indicated future cooperation will target green energy, artificial intelligence, and digital infrastructure.

In industrial collaboration, Qatari listed company Aamal announced that its subsidiary Advanced Pipes & Castings Company entered into a memorandum of understanding with China Railway Tunnel Group. The partnership will focus on tunnel engineering projects, prefabricated tunnel segments, and related supply chains across Qatar and surrounding markets.

Additionally, Huawei and Vodafone Qatar held a 2026 Education Summit showcasing AI solutions, cloud infrastructure, and robotics applications with Chinese robotics firm Agibot. Separately, the Qatar Diamond Exchange signed a memorandum of cooperation with the Diamond Federation of Hong Kong to develop diamond trading channels.