Trade exchange between Qatar and Mexico stood at $111mn in the first half of 2021, registering a 17% growth over the same period last year, it was announced during the Qatar-Mexico Business Forum held on Sunday in Doha.
The forum was held in the presence of Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari and Mexican ambassador Graciela Gomez Garcia, as well as engineer Ruben Masayi Gonzalez, co-ordinator of the Council of Industrial Chambers of Jalisco State (CCIJ).
The event gathered a large number of participants from Qatari companies and representatives of 33 Mexican businesses specialising in food and beverages (F&B), oil and gas, jewellery, and furniture, among other sectors.
Both parties reviewed ways to enhance co-operation between Qatari and Mexican firms and methods to explore the investment opportunities available in both countries.
Al-Kuwari stressed that Qatari investments in Mexico are mostly in the energy sector, noting that there are many successful ventures in this vital sector. He said the Qatari private sector is seeking to establish partnerships with its Mexican counterpart in all sectors, especially in agriculture and food security.
He stressed that there is mutual interest from both sides to identify the investment opportunities available in Qatar and Mexico and to forge joint ventures that benefit both economies.
“Qatar Chamber highly welcomes the co-operation of companies from both countries; Qatari investors are encouraged to explore the opportunities galore in Mexico and build economic and commercial alliances whether in Qatar or in Mexico.
“The Qatari market is promising and welcomes all foreign investments, especially in the presence of world-class infrastructure, logistic potential, attractive incentives, and legislations,” al-Kuwari said.
Gonzalez said the council consists of a group of leading companies in many sectors, such as industry and electronics, which offer products of high quality that are being exported to many countries.
He invited Qatari businessmen to explore the investment opportunities available in Mexico and establish active partnerships with their Mexican counterparts.
The visiting delegation is eager to establish economic partnerships with Qatari companies in the agriculture and food security fields, he said, adding that Mexico is rich with opportunities that can attract Qatari investors.
Garcia lauded the close relations between both countries, stating that Qatar is the fourth trade partner of Mexico in the Middle East region. She said Mexico is rife with investment opportunities in IT, communication, construction, energy, and infrastructure.
Hamad Rashid al-Nuaimi, manager of Investor Relation at Investment Promotion Agency (IPA), presented an overview of the Qatari economy and economic incentives offered by Qatar to attract foreign investors, as well as the role of IPA in promoting investment in the country.
IPA is responsible for promoting and facilitating international investment in Qatar, he said, adding that Qatar’s economy is “one of the most stable, resilient, and competitive economies in the world.”
 
 
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