Officials of Qatar Chamber held a meeting yesterday with Mozambique’s Minister of Commerce and Industry, Carlos Mesquita, to enhance economic and commercial co-operation between the two countries and investment opportunities available in the East African country.
During the meeting, Mesquita reviewed Mozambique’s investment climate in the presence of Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari. He also discussed the opportunities available in sectors, such as services, tourism, energy, transportation, industry, infrastructure food processing, and agriculture.
Mesquita also touched on the legislative framework for investment and business opportunities in Mozambique, including the taxation system, incentives, and exemption.
“Mozambique is safe and secure for investment and offers a lot of incentives that attract foreign investments,” he said, noting that there are many laws related to investment are being revised to improve the investment climate of the country.
Mesquita called on Qatari investors and businessmen to visit his country and learn the opportunities available there, pointing out that Mozambique enjoys a “distinguished position” and offers access to many preferential markets.
Al-Kuwari said the Qatari private sector is keen to learn more about the investment opportunities available in Mozambique, stressing that Qatar Chamber would promote these opportunities before Qatari businessmen.
He noted that Qatar and Mozambique enjoy “strong and close relations,” indicating that the mutual visits between senior officials are “the best testimony to this.” “Despite these distinct relations, the two countries’ trade volume reached last year about QR71mn, which is below aspirations of the two friendly peoples,” he said.
Al-Kuwari expressed hope that enhancing co-operation between Qatari and Mozambican businessmen and forging mutual investments would help increase the trade exchange between both countries, “especially in light of the enormous potential and opportunities available in both sides.”
He also assured the chamber’s interest in promoting co-operation between the Qatari private sector and its Mozambican counterpart, stressing that Qatar Chamber encourages Qatari businessmen and investors to explore opportunities available for investment in Mozambique, which is rife with plenty of opportunities in many sectors such as mining, infrastructure, and industry, among others.
“These sectors are very attractive for Qatari investors who are eager to invest in Africa in general in line with the economic diversification strategy adopted by Qatar National Vision 2030,” he said.
Mesquita also touched on the legislative framework for investment and business opportunities in Mozambique, including the taxation system, incentives, and exemption.
“Mozambique is safe and secure for investment and offers a lot of incentives that attract foreign investments,” he said, noting that there are many laws related to investment are being revised to improve the investment climate of the country.
Mesquita called on Qatari investors and businessmen to visit his country and learn the opportunities available there, pointing out that Mozambique enjoys a “distinguished position” and offers access to many preferential markets.
Al-Kuwari said the Qatari private sector is keen to learn more about the investment opportunities available in Mozambique, stressing that Qatar Chamber would promote these opportunities before Qatari businessmen.
He noted that Qatar and Mozambique enjoy “strong and close relations,” indicating that the mutual visits between senior officials are “the best testimony to this.” “Despite these distinct relations, the two countries’ trade volume reached last year about QR71mn, which is below aspirations of the two friendly peoples,” he said.
Al-Kuwari expressed hope that enhancing co-operation between Qatari and Mozambican businessmen and forging mutual investments would help increase the trade exchange between both countries, “especially in light of the enormous potential and opportunities available in both sides.”
He also assured the chamber’s interest in promoting co-operation between the Qatari private sector and its Mozambican counterpart, stressing that Qatar Chamber encourages Qatari businessmen and investors to explore opportunities available for investment in Mozambique, which is rife with plenty of opportunities in many sectors such as mining, infrastructure, and industry, among others.
“These sectors are very attractive for Qatari investors who are eager to invest in Africa in general in line with the economic diversification strategy adopted by Qatar National Vision 2030,” he said.