Tribune News Network
doha
Qatar Chamber (QC) hosted a delegation from the Confederation of Economic Associations of Mozambique (CTA) to explore ways to enhance bilateral economic ties and boost investment cooperation. The meeting, held on Sunday, was led by Mozambique Vice-Minister of Economy and Finance HE Amilcar Paia Tivane and chaired by QC First Vice-Chairman Mohamed bin Twar Al Kuwari with participation from several QC board members and businessmen from both countries.
Also in attendance were CTA President Agostinho Zacarias Vuma, Ambassador of Mozambique to Qatar HE Isac Mamudo Massamby and 25 Mozambican businessmen representing various sectors including industry, energy, agriculture, and transport.
During the meeting, Mohamed bin Twar Al Kuwari emphasised the strong political and diplomatic relations between Qatar and Mozambique but acknowledged that the current trade exchange between the two countries falls short of their full potential.
He stressed that Mozambique offers vast investment opportunities in various sectors such as agriculture, mining, and natural resources, which could provide significant avenues for Qatari firms to expand their international business presence.
Al Kuwari also noted that Qatari investors are eager to explore opportunities in Mozambique, particularly given the investment incentives and partnerships the country offers. He reaffirmed Qatar Chamber’s commitment to working closely with Mozambican businesses to further deepen economic ties.
Vice-Minister of Economy and Finance of Mozambique Amilcar Paia Tivane praised the strong relations between Qatar and Mozambique and highlighted Qatar’s role as a key partner in fostering Mozambique’s economic development. He pointed out that Mozambique is committed to sustainable development and recognizes the importance of private sector participation in achieving this goal.
Tivane outlined several initiatives undertaken by Mozambique to create a stable and investor-friendly economic environment, including improvements in economic legislation aimed at attracting more foreign investment.
He emphasised that Mozambique is keen to strengthen economic ties with Qatar and invited Qatari businesses to explore investment opportunities across sectors like energy, agriculture, tourism, oil, mining, and logistics.
CTA President Agostinho Zacarias Vuma reinforced Mozambique’s commitment to improving its business environment and fostering strong economic ties with Qatar. He invited Qatari business owners to visit Mozambique to explore firsthand the vast opportunities available for investment in various sectors. Vuma also proposed organizing a business forum in Maputo, Mozambique’s capital, to facilitate direct dialogue between businessmen from both nations.
Vuma noted that the CTA delegation included business leaders from various key sectors, further emphasizing Mozambique’s interest in attracting Qatari investments. He highlighted the government’s efforts to streamline business regulations and create a favorable investment climate, further strengthening the case for increased bilateral cooperation.
QC Board Member Eng Ali Abdullatif Al Misnad highlighted Qatar’s competitive business environment, particularly its free zones, which offer a range of incentives for foreign investors. He suggested that this could create opportunities for both sides, positioning Qatar as a gateway for Mozambican exports to the MENA region and beyond.
The Mozambican delegation gave several presentations during the meeting, showcasing the wide array of investment opportunities in their country. Both sides expressed optimism about the potential for increased economic collaboration and committed to exploring further ways to strengthen ties in the future.
The meeting between Qatar Chamber and Mozambique’s CTA marked a significant step toward enhancing bilateral economic relations. With shared enthusiasm for exploring investment opportunities, both sides are set to benefit from deeper cooperation across a range of sectors, further solidifying the partnership between Qatar and Mozambique.
