Bilateral trade and investments are set to see strong growth between the UAE and Qatar following the visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.
Analysts see growing ties will result in dual listings of the companies, too, as the initial public offering (IPO) pipeline looks strong in the UAE.
The UAE President paid a visit to Qatar last week in response to an invitation extended by the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani.
The two countries have hosted two major global events this year, Expo 2020 Dubai and Fifa World Cup, which will result in an increase in foreign investments into the two Gulf countries.
Daniel Takieddine, CEO, Mena BDSwiss, the growing ties will bring more prosperity to the region as a whole.
“A closer relationship could effectively benefit local economies to a great extent in particular as events like Dubai Expo 2020 and the world cup put a spotlight on the region,” he said, adding that growing relations would pave way for large investment projects in both countries, as well as potential companies’ dual listings in the respective stock markets as the IPO scene continues to boom, particularly in the UAE.