Speaking at a high-level meeting in Burgenstock, Switzerland, Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani has hailed the memorandum of understanding signed earlier this week as a landmark achievement and expressed hope it would mark a turning point towards regional stability, Al Jazeera reports.

“The past period has been among the most difficult our region has witnessed, with its peoples bearing heavy burdens due to uncertainty and escalation,” he says.

“We hope that the agreement we witness today will help create an environment that enables states to direct their energies towards development, cooperation, and providing opportunities for their peoples. The work does not end with the signing of an MoU,” he adds, stressing that technical talks would be critical to translating commitments into tangible outcomes.