Tribune News Network
Doha
Qatar Chamber recently participated in the ‘Arab Investment Forum in Mozambique’ held from July 24 to July 25 in Maputo, the capital of Mozambique.
The event, organised by the Agency for the Promotion of Investment and Exports of Mozambique (APIEX) in partnership with Al-Iktissad Wal-Aamal and supported by the Arab Bank for Economic Development in Africa (BADEA), aims to promote business and investment between Mozambique and Arab countries in strategic development sectors.
QC Board Member Mohamed bin Ahmed Al Obaidli attended the forum and held several meetings with officials on the sidelines of the event.
The forum provided a unique opportunity for Arab investors to explore more than 80 investment opportunities available in Mozambique across various sectors, including infrastructure, energy, agriculture, tourism, economic zones, and manufacturing industries.
On the forum’s sidelines, Mohamed Al Obaidli held a meeting with the Director General of the Arab Bank for Economic Development in Africa (BADEA) Ould TAH. During the meeting, both sides discussed streamlining the entry of Qatari products into African markets. They also reviewed the facilitations and guarantees offered by BADEA, which plays a vital role in promoting Arab investments and products in Africa.
Speaking at the meeting, Al Obaidli said that the Qatari private sector is keen on investing in Africa and promoting Qatari products, which are of high quality and reasonable prices, in African markets. He also expressed his pleasure with the cooperation between the Chamber and BADEA to facilitate the access of Qatari industries and products to African countries.
He noted that there are many investment opportunities in Africa but also some hurdles that make investors hesitant. He further emphasised the chamber’s commitment to collaborating with organizations like BADEA to open new markets for Qatari products in Africa.
In statements, Al Obaidli underscored that the Qatari private sector is interested to enhance cooperation with its counterpart form Mozambique, noting that Qatari investors are looking forward to learning about investment climate and opportunities in Mozambique.
He also said that Qatar places great importance on investment in Africa, especially in countries that provide attractive opportunities, such as Mozambique.
He also referred to the MOU signed between the chambers of Qatar and Mozambique in 2019, noting that Qatar Chamber is eager to activate the cooperation between the private sectors of both countries.
He affirmed that Qatar Chamber encourages Qatari investors and businessmen to explore investment opportunities in Africa in general, and particularly in Mozambique, as it is rife with opportunities in various sectors.
