Qatar is expected to export pharmaceutical products to Europe, Africa, and other parts of the GCC by next year as preparations are underway for the establishment of two manufacturing facilities here, an official said.
Two agreements have already been signed between Qatari firms and Pakistani pharmaceutical companies, according to Federation of Pakistan Chambers of Commerce & Industry president Zubair F Tufail, who accompanied a 12-member delegation from Pakistan.
“Part of our delegation is a Pakistani company called Martin Dow, which has four companies in Pakistan and two plants in France. They were invited by the Ministry of Public Health to establish a manufacturing plant here.
“They are now going to form the company in Qatar and they plan to manufacture pharmaceutical products here in a year’s time,” Tufail told Gulf Times on the sidelines of the first Qatar-Pakistan Business Council meeting held at Qatar Chamber yesterday.
Tufail also said Pakistani companies in the food industry were also invited their Qatari counterparts to venture into the country’s poultry sector.
“A Qatari company is also going to invest in Pakistan’s food industry to secure the maximum quantity of poultry for Qatar. Two Pakistani firms specialising in the food stuff industry also received orders from private companies in Qatar,” Tufail pointed out.
The signing of the agreements would position Qatar as a regional manufacturing hub in various sectors aside from the pharmaceutical industry.
Mohamed bin Ahmed al-Obaidly, Qatar Chamber board member and chairman of the Committee on Agriculture and Environment, said: “The chamber wants to see Qatar transform into a regional business hub considering the modern facilities and infrastructure in the country, which is why we are trying to attract major investors.”
He added: “We look forward to seeing Qatari and Pakistani private sector players forge stronger ties and provide added value to the growth in trade exchange between the two countries.
“We are very much free to export anywhere in the world despite the political situation; I think we have to look after our national companies and how they can grow and expand. There are a lot of opportunities and we have to use the advantage of having a strong economy.”
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