Qatar Chamber First Vice Chairman HE Mohamed bin Twar Al kuwari hailed the strong relations between Qatar and Ukraine, noting that the private sector in both sides have benefited from this development in relations in activating trade and investment cooperation, through exchanging visits between the two sides.
He pointed to the Ukrainian-Qatari Business Forum which was held last February through video conferencing to review prospects for cooperation between the private sectors and available investment opportunities in both countries.
This came during the meetings of the business delegation and the Qatari-Ukrainian Joint Committee which were held from 31st Aug to September 2 in the Ukrainian capital, Kiev.
Al Kuwari also held a meeting with Chairman of Ukraine Chamber of Commerce & Industry Mr Gennadiy Chyzhykov in which he reviewed strengthening cooperation ties between Qatari and Ukrainian businessmen and identifying investment climate in both countries, as well as enhancing investment opportunities galore in both countries and mutual investments.
During these meetings, Al Kuwari stressed the importance of activating the Qatari-Ukrainian business council to perform its desired role in underpinning cooperation between businessmen and streamlining investment procedures in both sides.
He also said that thanks to the wise leadership of the Amir His Highness Sheikh Tamim bin Hamad Al Thani, the State of Qatar has been able to achieve great progress in all fields, especially economic and investment areas, in terms of developing a world class infrastructure and issuing laws and economic legislation that have placed Qatar among the world’s top destinations for investments and business.
Qatar has also succeeded in building an attractive investment environment through the facilities and incentives it offers for foreign investors, which allowed 100% ownership as well as exemption from income tax and customs duties on imported machines and equipment, he noted.
QC Vice Chairman invited Ukrainian companies to invest in Qatar and take advantage of the attractive investment climate and advantages offered by Qatar to foreign investors, as well as the opportunities available in various sectors, especially industry, service, and food security sectors.
Elaborating on the state’s concern in developing the food security sector, Al Kuwari said that Qatar pays special attention to this sector, stressing that this is clear in the Qatar National Food Security Strategy 2018-2023 which is based on four pillars: local production, internal supply chains, international trade, and logistics, and strategic storage.
The strategy aims to achieve safe self-sufficiency rates, and to give a significant role to the private sector, whether in investing in the production of agricultural commodities such as vegetables, fish, and red meat, or through importing food commodities needed by the local market.
He said that this sector offers great opportunities for cooperation between Qatari and Ukrainian companies with the aim to establish joint ventures in Qatar to enhance food self-sufficiency or in Ukraine to provide the Qatari market with the food supplies it needs.