A growth in trade volumes between Qatar and Czech Republic encourages businessmen in both countries to look for profitable investment opportunities, trade alliances and joint ventures, Qatar Chamber (QC) Vice Chairman Mohammed bin Ahmed bin Twar has said.
According to him, the trade volume between Qatar and Czech Republic reached $187 million last year from $102 million in 2013.
“The economic and trade relations between the two countries have been growing rapidly in the past few years,” he said at a meeting hosted by QC with a trade mission from Czech Republic. The visiting side was led by Czech Chamber of Commerce’s foreign section chairman Ilja Mazanek.
Czech Junior Deputy Minister of Foreign Affairs Ivan Jancarek and non-resident Ambassador of the Czech Republic HE Martin Dvorak were present at the meeting.
Underlining Qatar’s economic strength, Twar said the country managed to achieve positive growth despite an unfair siege imposed on it by some neighbouring countries.
“Qatar overcame all negative impacts while its GDP grew by 2 percent in 2017. It is forecast to rise to 2.8 percent in the current year, according to World Bank reports.”
Twar said the siege prompted the private sector to intensify internal investments and establish new productive enterprises in all sectors, particularly in food security and building material supply.
“There are ample investment opportunities for businessmen in the two countries to collaborate. Czech companies are welcome to participate in the FIFA World Cup 2022 projects,” Towar said.
Qatar, he said, is progressing in its strategic plans, particularly in economic diversification to achieve its National Vision 2030. Outward investments form a major pillar of the economic diversity plans of the country, he added.
“Czech is full of promising investment opportunities which attract Qatari businessmen. This requires further cooperation among businessmen in the two countries to build economic alliances that serve both the economies.”
Ivan Jancarek said the good relations that tie Qatar and Czech serve as starting point to enhancing trade between the private sectors.
“Czech businessmen are interested in establishing investments in Qatar,” he said.
Noting that economic situation in Europe and GCC is witnessing numerous challenges, Jancarek assured intense efforts from the Czech side to promote economic and trade cooperation with Qatar.
He expected that their relations will see more economic alliances and partnerships in light of the continuous dialogue between the business communities in the two countries.
“Czech economy witnessed high growth rates. Its GDP grew by 4 percent last year compared to its value in 2016. Czech economy is ranked 10th in Europe.”
The visiting delegation apprised the Qatari side of the investment opportunities in Czech and extended an invitation for Qatari businessmen to Czech for investments.