The bilateral trade volume between Qatar and South Africa stood at QR1.26bn ($347.4m) in 2018, First Vice Chairman Mohammed bin Ahmed bin Twar Al Kuwari, noting that South Africa is an important trade partner to Qatar.
He noted also that there are many South African investments in Qatar especially in energy estimated to $8.9bn
This was revealed during a meeting with a trade delegation headed by Deputy Director Export Promotion responsible for the Middle East Region within the Department of Trade and Industry Harold Manamela.
The meeting was attended also with QC Board Member Mohamed bin Ahmed Al Obaidli and the Ambassador of South Africa to Qatar, Faizel Moosa.
Bin Twar stressed the private sector’s interest to identify investment opportunities available in South Africa, noting that South Africa is one of the strongest economies in Africa.
He also expressed Qatar’s welcome to South African investments, affirming that Qatar economy is open and full of investment opportunities that attract foreign investors.
He also said that the Qatari private sector strongly participates in projects being held in the country in education, health, transport and those are related to 2022 Fifa World Cup.
This opens the scope for foreign companies to forge more business and investments in Qatar and enables companies from South Africa to access to Qatari market and build genuine partnerships with their Qatari counterparts.
On his part Harold Manamela said that the delegation comprises businessmen and senior executives representing many companies specialised in many industrial sectors, noting that Qatar is an important country to South Africa in the Middle East region.
He delivered a presentation titled “Investment and trade opportunities between Qatar and South Africa” which highlighted characteristics of South Africa’s economy and investment opportunities.
Ambassador Moosa, during his address highlighted that Qatar and South Africa enjoy good relations, noting that their trade exchange is growing over the years.
He invited Qataris to invest in his country, especially that there are various Qatari investments in African continent.