Qatar Chamber held on Tuesday the Qatar-Morocco Business Meeting, which was co-chaired by the chamber’s first vice-chairman, Mohamed bin Towar al-Kuwari, and Sonia Mezzour, vice-president of the Moroccan Exporters Association (MEA).
The meeting, which was attended by Qatar Chamber board member Mohamed bin Ahmed al-Obaidli and several businessmen from both sides, focused on co-operation relations between both sides in various economic and commercial fields, particularly in the agriculture, food, cosmetics, and painting sectors.
It also addressed the investment climate and opportunities available in both Qatar and Morocco, encouraging businessmen from both sides to explore joint ventures beneficial for both economies.
Al-Kuwari said Qatar and Morocco enjoy fraternal relations and close cooperation in all fields, particularly in economic and commercial aspects. He noted a shared desire from both sides to expand these relations to broader vistas and increase cooperation at the private sector level.
He said both countries’ trade volume reached QR931mn in 2023, reflecting a 10% increase compared to QR844mn in 2022. He noted the presence of many Moroccan companies operating in Qatar, either with full Moroccan capital or in partnership with local entities, across various sectors, such as hospitality, trading, contracting, cosmetics, fashion, and business solutions.
Al-Kuwari highlighted the abundance of high-quality and efficient Moroccan products in the Qatari market, along with a sizeable Moroccan community contributing to Qatar's ongoing growth in various positions and job roles. He noted that there are many Qatari investments in Morocco, emphasising its attractiveness as a destination for Qatari investors.
He called on Moroccan companies to enhance cooperation with their Qatari counterparts by establishing active partnerships and commercial alliances, urging them to leverage the advanced infrastructure in Qatar and the investment incentives provided for foreign investors.
Al-Kuwari underscored Qatar Chamber’s support for enhancing co-operation between the Qatari private sector and its Moroccan counterpart, assuring that it encourages Qatari investors to explore the Moroccan market and the investment opportunities available there.
He also stressed the significance of activating the Qatari-Moroccan Joint Business Council, noting that it plays a vital role in developing trade between both countries and strengthening co-operation between the private sectors on both sides.
Mezzour said the delegation aims to promote Moroccan products and encourage Qatari investors to invest in her country, which offers plenty of opportunities in various sectors. She noted that the delegation comprises representatives from 15 companies working in foodstuffs, cosmetics, building materials, decoration, and others.
The MEA has a platform for halal food and cosmetic products, said Mezzour, who invited Qatari businessmen to explore these sectors. She also invited Qatari investors to visit Morocco, encouraging them to learn more about investment opportunities and meet with their Moroccan counterparts to review prospects for co-operation and partnership.
Loubna al-Qoh from the Moroccan Agency for Investment and Exports Development (AMDIE) said the meeting contributes to developing co-operation between the Moroccan and Qatari private sectors. She pointed to the directives of the wise leadership in both nations aiming to enhance co-operation relations and increase trade volume to correspond with the two countries’ distinguished relations. Al-Qoh also noted that Qatar is considered as Morocco’s gateway to Asia, while Morocco serves as Qatar’s gateway to Africa.
Participants of the Qatar-Morocco Business Meeting held in Doha on Tuesday.
