Kenny and Sheikh Jassim discussing mutual investment opportunities as other officials look on. QIB is planning to support Qatari companies that wish to invest in Ireland , which exited the joint European Union and International Monetary Fund bailout programme last month. Moreover, the Shariah-principled lender will also help Irish firms already present in Qatar , or are planning to set up joint ventures or subsidiaries here. This was disclosed by QIB chairman Sheikh Jassim bin Hamad bin Jassim bin Jaber al-Thani after his meeting with Ireland's Prime Minister Enda Kenny . It was the only meeting Irish premier had with any of Qatar's banking institutions, the bank said. Also on the agenda was a discussion about capital markets and development of Islamic financial products in Ireland . "Follow-up high level meetings have already been agreed, scheduled for the near future, for both parties to discuss opportunities," a QIB spokesman said. The bank's move to help local companies to have their presence in Ireland because of the attractive and tax-efficient alternative compared to some EU countries. With Qatar's rapid and solid development, it has become a growing investment and business destination for Irish firms and professionals especially in the construction and services industries. The Irish delegation is also considering financing opportunities and attracting new foreign direct investments from Qatar . Attending the meeting were other senior members from the Irish government along with QIB's senior management team. Their meeting was described as 'very fruitful' as they discussed avenues of collaboration in the future, including mutual opportunities in both Qatar and Ireland . Highlighting that Ireland's economy is expected to grow 2% this year; Kenny had said as the economy become more competitive, it will continue to attract more foreign investments from Qatar . According to report from Qatar News Agency , trade exchange between Qatar and Ireland stood at QR334.75mn in 2013 against QR291.5mn in 2010.
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