Qatar Chamber explores cooperation links with Latin American countries

27-05-2024

The Qatar Chamber held on Monday, May 27, a meeting with a number of Their Excellencies ambassadors of several Latin American countries to the state, including Peru, Haiti, Uruguay, Argentina, Guatemala, Mexico, Costa Rica, Salvador, and Brazil.

The meeting was presided over by QC First Vice-Chairman HE Mohamed bin Twar Al Kuwari, in the presence of board members, acting general manager and a number of Qatari businessmen.

During the meeting, both sides discussed the investment climates and opportunities in Qatar and Latin American countries, explored ways to strengthen cooperation between businessmen from both sides, aiming to boost mutual investments and trade exchange.

Speaking at the meeting, HE Mohamed bin Twar highlighted the significant growth in relations between Qatar and Latin American countries. He pointed to His Highness Sheikh Tamim bin Hamad Al Thani’s visits to several Latin American countries, emphasizing their contribution to developing these ties and opening new markets for Qatari products.

 

Twar further underscored the Chamber’s encouragement for Qatari businessmen to explore the abundant investment opportunities in Latin American countries. He reiterated the Chamber’s commitment to providing support and facilitating entry for Latin companies seeking to enter the Qatari market.

“Trade volume between Qatar and Latin America countries has grown to QR 3.6 billion last year,” he added.

In turn, the Latin American ambassadors expressed their countries’ strong interest in fostering economic and commercial cooperation with Qatar, highlighting their desire to attract Qatari investments in various sectors.

The ambassadors commended Qatar’s remarkable development across various sectors, highlighting numerous potential areas for collaboration between Qatari and Latin American businesses. These sectors include energy, tourism, hospitality, food security, infrastructure, renewable energy, and many more.

They invited Qatari investors to visit their countries to learn about the investment opportunities and incentives offered for foreign investors.

During the meeting QC board members Eng. Ali Al Mesned, Naser Al Haider and Abdulrahman Al Ansari reviewed the investment opportunities and incentives  provided by Qatar for foreign investors, noting that Qatar is a global hub for investment and business.

They also expressed the strong desire of Qatari businessmen to invest in Latin American countries, and strengthen cooperation with their Latin counterparts across various sectors.

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