Qatar Chamber has discussed prospects for investment in the construction, pharmaceutical, medical, food, and other sectors in a meeting held yesterday with a delegation from South Africa. Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari said the private sectors of both countries enjoy close co-operation relations and has expanded in recent years. Al-Kuwari said there is “great potential” to increase bilateral co-operation in all fields, which is reflected in Qatar-South Africa trade volume exchange, which amounted to $361mn in 2017.
He said South African investments in Qatar have grown in the past few years, particularly in the energy sector, estimated at around $9bn. He said both countries have many levels of mutual co-operation, including the mega projects in the country such as building schools and hospitals, parks and resorts, and in the electricity, water, transport, infrastructure, food, agricultural, and industrial sectors. Al-Kuwari said Qatar has managed to create an attractive investment climate and achieved remarkable economic growth, thanks to its stable and balanced policies and its openness to other global economies.
South African ambassador Faisal Mousa said co-operation between Qatar and South Africa have witnessed “a great development” in the recent period, “an indication that the state of Qatar has been able to achieve many successes and overcome various challenges.” Mousa said both countries can co-operate in food security projects, and expressed his country’s preparedness to provide Qatar with all equipment and technologies required for developing this sector.
Sources and photo-credits: Gulf Times