Business

Saturday, December 02, 2023 | Daily Newspaper published by GPPC Doha, Qatar.

Business

Officials of the Canadian-Qatari Business Forum (CQBF) during a visit to the Qatari Businessmen Association (QBA). From left are CQBF executive director Yasser Dhouib, QBA chairman Sheikh Faisal bin Qassim al-Thani, and CQBF vice chairman Joe Armstrong.

Qatar-Canada projects in the pipeline to propel investments, says CQBF official

Following a recent visit of a business delegation to Doha, the Canadian-Qatari Business Forum (CQBF) is looking to concretise and propel new investments between Qatar and Canada to foster robust economic ties and a knowledge-based economy, an official has said.The delegation, led by CQBF vice-chairman Joe Armstrong, held productive meetings with government ministries, the Canadian Embassy in Doha, and private sector leaders, such as the Qatari Businessmen Association (QBA) and Qatar Chamber, according to the forum’s executive director, Yasser Dhouib.“The business delegation represented more than 20 Canadian companies that are eyeing the Qatari and GCC markets in sectors, such as cybersecurity, defence, logistics, clean energy, healthcare, medical supplies and equipment, bioinformatics, and the applications of Artificial Intelligence (AI) in health and software development,” Dhouib explained.In a statement to Gulf Times, CQBF chairman Dr Bruce Mabley emphasised that bilateral relations between the two countries stem beyond commercial or economic exchanges.“They are part of a whole in which the full breadth of a state-to-state relationship receives its just rewards. Specifically, political and social relations provide a vital context in which commercial exchanges can take place with confidence and dynamism. To focus solely on commercial exchanges cannot be the main goal of the mission. It can and should be one of the beneficial results of face-to-face meetings,” Mabley pointed out.According to Mabley, there is a significant number of projects in the pipeline, citing the forum’s mission is to realise some of these projects “while new exchanges will provide an élan for the development of new projects for investment in Qatar and in Canada.”“Most certainly, the majority of these projects, both those on the table and those to come will be related to the knowledge-based economy...the CQBF mission should assist in accomplishing these tasks.“Individual meetings, higher visibility in the corridors of power and a healthy respect for the Arab world will all contribute to the success of the mission. The CQBF arrives in Qatar with an appropriate level of commercial leadership and I applaud the hard work of our CQBF organising team,” Mabley further explained.Mabley said there is also a focus on ‘business-education’ initiatives like the International Faculty of the Future project. Similarly, other initiatives include investments in the film industry, as well as the Qatar-Canada Business Internship project, a training programme that Mabley has developed for Qatari diplomats.“The Qatar course is designed to increase the knowledge of Canadians about the Gulf region and the Middle East. The Qatar course is an opportunity for leaders in the country to frame the region on their own terms. Young and educated Canadians desperately need to know more about Qatar and the region,” Mabley noted.He added: “My values are close to those of my Arab brothers and sisters, a belief in family, freedom for all, democracy for all and not just a few, and a strong belief in people-to-people diplomacy. Diplomacy cannot remain stagnant or become a robotic and technical exchange of messages. What happens when the bilateral relationship comes under strain? Commercial links alone, no matter how developed they are, cannot flourish on their own.“It is here that people-to-people links take over and provide the bedrock for mutual understanding, debate, and rational decision-making. The CQBF mission philosophy is just that – to create the conditions whereby the bilateral relationship does not just depend on bureaucrats and embassies.”

Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani and Brazilian President Luiz Inacio Lula da Silva during the Qatari-Brazilian Business Forum held in Doha.

Qatar-Brazil trade exchange at QR1.9bn in 2022, says Sheikh Khalifa

Trade exchange between Qatar and Brazil stood at QR1.9bn in 2022, stated Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani during the Qatari-Brazilian Business Forum held on Thursday in Doha.The forum, which was organised by Arab-Brazilian Chamber of Commerce and the Brazilian Trade and Investment Promotion Agency, in co-operation with Qatar Chamber, was held in the presence of Brazilian President Luiz Inacio Lula da Silva and other key officials from the government and private sector.Attending the forum were Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari and several many board members, as well as Brazilian Trade and Investment Promotion Agency (Apex) president Jorge Viana, and other Qatari and Brazilian businessmen.According to Sheikh Khalifa, Brazil is “one of the most important” trade partners to Qatar, citing the presence of many “high quality” and “reasonably priced” Brazilian products in the Qatari market.He said the investment climate in both countries “is attractive and stimulating,” providing numerous incentives and facilities. He noted that many Qatari investments have been successful in Brazil, particularly in energy, banks, and real estate, among other sectors. QatarEnergy, in a consortium with an international alliance, secured a working interest contract in a significant oil field in Brazil, he also said.Sheikh Khalifa said many Brazilian companies are operating in Qatar across various sectors. He encouraged Brazilian companies to strengthen their investments in Qatar by collaborating with their Qatari counterparts and fostering active partnerships and commercial alliances that benefit both economies. He also invited Qatari investors to explore opportunities in Brazil and build joint ventures in all sectors.Similarly, Lula called on Qataris to invest in Brazil and explore the opportunities and benefits being offered by the country in various sectors. He emphasised the importance of activating agreements signed between both countries in trade and investment, expressing Brazil’s keen interest in attracting Qatari investments.Lula lauded Qatar as a major player in the region and a key partner in various fields, both regionally and globally. He also commended its significant role in mediating and promoting peace in the region.He described Qatar as a platform to access the Middle East region and highlighted Brazil’s keenness to open new representative offices in Arab countries. Lula said Brazil is a global producer of food and halal products, making a positive contribution to world food security.Lula said there is potential for Qatar-Brazil co-operation in infrastructure, ports, airports, railways, agriculture, renewable energy, and oil and gas, adding that Brazilian businessmen are eager to enhance commercial and investment co-operation with their Qatari counterparts.Viana said Qatar is one of the most prominent investors in many countries worldwide, while Brazil is offering numerous opportunities in infrastructure, aviation, financial services, and energy. He added that Brazilian companies are interested in forging alliances and partnerships with their Qatari counterparts.

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