Qatar Chamber reviews trade cooperation with Nepalese counterpart

25-01-2024

The Acting General Manager of the Qatar Chamber, Ali Saeed bu Sherbak Al Mansori, met with a delegation from the Republic of Nepal led by HE Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce, and Industry.

The meeting touched on commercial and economic bilateral relations between both countries, explored the investment climate, numerous opportunities available in both countries, and identified the most important sectors for cooperation and partnership between the Qatari private sector and its Nepalese counterpart.

Speaking at the meeting, Al Mansori praised the close relations between both nations, noting that two MoUs have been signed between the Chamber and the Federation. These agreements would open the door for more cooperation and partnership between the Qatari and Nepalese private sectors, aiming to develop trade exchange that is still below aspirations.

He stressed the importance of exchanging trade and business visits between both sides to explore cooperation opportunities among business owners from both countries and to learn about the investment climate and available opportunities in various sectors.

On his part, HE Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry, stressed the close relations between both countries. He emphasized the importance of organizing a trade delegation from Nepal to visit Qatar, with the aim of reviewing potential fields for cooperation with their Qatari counterparts.

He extended an invitation to QC members and Qatari investors to participate in the Investment Summit scheduled to be held in Nepal in April.

He highlighted that Nepal offers numerous opportunities across various sectors such as agriculture, tourism, industry, hydropower, electricity, and IT. He stressed that his country is developing the legislative environment to facilitate investment and provide more incentives to attract additional foreign investment.

Furthermore, he assured that his country is keen on removing all obstacles facing Qatari investments in Nepal.

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