Lifting of trade and other restrictions
On 5 January 2021, the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain and the rest of the Gulf Cooperation Council (GCC) member states, along with Egypt, signed the “Al-Ula Declaration” at the 41st GCC Summit held in the city of Al-Ula. This marks the end of a three and a half year boycott against the State of Qatar, which was put in place in June 2017, paving the way for the re-establishment of political and economic ties with Qatar.
Speaking to our experts
Despite the lifting of the trade restrictions in relation to Qatar, it is still too early to tell how this will be implemented in practice. Our dedicated team of Qatar-focused experts is able to help you navigate the complexity of doing business with Qatar. Please get in touch with any of our Qatar contacts. For media enquiries, contact Rawan Lutfi.