Qatar Chamber Discusses Investment Prospects of Cooperation with Sao Paulo

Doha, February 15  – Mayor of the Brazilian City of Sao Paulo Joao Agripino da Costa Doria on Wednesday invited the Qatari businessmen to learn about the business and investment climate in his country, especially in the city of Sao Paulo, which enjoys great potential in all sectors, especially infrastructure and real estate.

During the meeting held in Doha today and attended by HE Brazil’s Ambassador to Qatar Roberto Abdullah, Doria briefed the participants about the City of Sao Paulo, the largest city in Latin America, which accounts for 18% of Brazil’s gross domestic product and presents a distinctive investment destination attracting businessmen from all over the world.

In this context, the Brazilian official pointed to the efforts being exerted to organize a Forum in Brazil in the first half of 2017 which will bring together Qatari and Brazilian businessmen.

The event is aimed at providing an opportunity to get closely acquainted with the most important features of the Brazilian economy and the available opportunities in order to take advantage of those opportunities to enhance the Qatari investments in the Brazilian market.

For his part, QC Vice President Mohammed bin Ahmed bin Twar said that Brazil’s experience in organizing the FIFA World Cup 2014 paves the way for the private sector in both countries to exchange experiences on the related projects to hosting the 2022 FIFA World Cup in Qatar, especially that the State of Qatar attaches great importance the private sector’s participation in major projects.

He urged businessmen from both sides to explore the opportunities and areas that could strengthen cooperation in light of the encouraging investment climate in both countries, which offer various incentives and advantages.

He praised the Mayor of Sao Paulo’s visit to Doha as a ‘unique opportunity’ to enhance the efforts being led by both sides to expand the areas of economic and investment cooperation between the Qatari and Brazilian companies. (QNA)

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