The meeting was attended by a delegation from Sierra Leone and Dr Edward Hinga Sandy, Minister of Trade and Industry of Sierra Leone, via video conference.
The meeting discussed ways to enhance commercial and industrial cooperation and investment opportunities available in both Qatar and Sierra Leone and the possibility of establishing partnerships between business owners in the two countries to contribute to increasing trade and investment exchange.
Al-Kuwari said Qatar and Sierra Leone have close relations based on respect and mutual trust. He stressed that the volume of trade exchange still remains below the level of aspirations and is not commensurate with the size of the capabilities available in both countries.
He said there is huge potential in agriculture, mining, and the natural resources of Sierra Leone, which could provide important opportunities for investment and could pave the way for cooperation between Qatari and Sierra Leonean companies.
Al-Kuwari said there is interest among Qatari business owners to learn about investment opportunities available in Sierra Leone, as well as the interest and keenness of Qatar Chamber to strengthen the cooperation of both countries’ private sectors.
He said Qatar Chamber is ready to assist business owners and investors from Sierra Leone in establishing direct or joint projects in Qatar and to encourage Qataris to invest in Sierra Leone, especially since Qatar attaches great importance to investing in Africa in general.
Al-Kuwari said Qatar has many accomplishments in different fields and is witnessing a comprehensive economic renaissance thanks to the wise leadership and sound economic policies.
This made Qatar a leading regional and global centre for business and investment as it developed infrastructure on a global level and established free and industrial zones and issued many economic legislations and laws that created an attractive environment for investment, he said.
Al-Kuwari also called on companies in Sierra Leone to invest in Qatar and build partnerships with Qatari companies in many sectors, such as industry, services, and tourism, among others.
Sandy said Qatar and Sierra Leone share strong relations at different levels and that there is a desire on the part of the government of Sierra Leone to enhance trade and economic cooperation with the Qatari private sector.
He stressed that his country is open to foreign investments, citing advantages, such as its strategic location as an entrance to several African markets, incentives like foreign capital protection system, and tax systems.
Sierra Leone has investments in a number of agricultural and industrial sectors and is rich in natural resources, such as diamonds, gold, iron, and wood, among others, Sandy added.
Koroma said the delegation comprises government agencies, business owners, and investors from Sierra Leone who want to explore ways to enhance trade and economic relations with the Qatari private sector and to identify the possibility of establishing mutual partnerships that would increase the volume of trade exchange.
In a presentation, the delegation from Sierra Leone said Qatari investors could establish projects in the agricultural sector, which contributes about 60% of the national income. There are also investment opportunities in foodstuffs, including cocoa, which is the country’s top export, including rice, grains, poultry, and vegetables.
The presentation also discussed promising opportunities in the tourism sector, the economic features, investment incentives, tax system, exemptions, and facilities granted to foreign investments.
The meeting discussed ways to enhance commercial and industrial cooperation and investment opportunities available in both Qatar and Sierra Leone and the possibility of establishing partnerships between business owners in the two countries to contribute to increasing trade and investment exchange.
Al-Kuwari said Qatar and Sierra Leone have close relations based on respect and mutual trust. He stressed that the volume of trade exchange still remains below the level of aspirations and is not commensurate with the size of the capabilities available in both countries.
He said there is huge potential in agriculture, mining, and the natural resources of Sierra Leone, which could provide important opportunities for investment and could pave the way for cooperation between Qatari and Sierra Leonean companies.
Al-Kuwari said there is interest among Qatari business owners to learn about investment opportunities available in Sierra Leone, as well as the interest and keenness of Qatar Chamber to strengthen the cooperation of both countries’ private sectors.
He said Qatar Chamber is ready to assist business owners and investors from Sierra Leone in establishing direct or joint projects in Qatar and to encourage Qataris to invest in Sierra Leone, especially since Qatar attaches great importance to investing in Africa in general.
Al-Kuwari said Qatar has many accomplishments in different fields and is witnessing a comprehensive economic renaissance thanks to the wise leadership and sound economic policies.
This made Qatar a leading regional and global centre for business and investment as it developed infrastructure on a global level and established free and industrial zones and issued many economic legislations and laws that created an attractive environment for investment, he said.
Al-Kuwari also called on companies in Sierra Leone to invest in Qatar and build partnerships with Qatari companies in many sectors, such as industry, services, and tourism, among others.
Sandy said Qatar and Sierra Leone share strong relations at different levels and that there is a desire on the part of the government of Sierra Leone to enhance trade and economic cooperation with the Qatari private sector.
He stressed that his country is open to foreign investments, citing advantages, such as its strategic location as an entrance to several African markets, incentives like foreign capital protection system, and tax systems.
Sierra Leone has investments in a number of agricultural and industrial sectors and is rich in natural resources, such as diamonds, gold, iron, and wood, among others, Sandy added.
Koroma said the delegation comprises government agencies, business owners, and investors from Sierra Leone who want to explore ways to enhance trade and economic relations with the Qatari private sector and to identify the possibility of establishing mutual partnerships that would increase the volume of trade exchange.
In a presentation, the delegation from Sierra Leone said Qatari investors could establish projects in the agricultural sector, which contributes about 60% of the national income. There are also investment opportunities in foodstuffs, including cocoa, which is the country’s top export, including rice, grains, poultry, and vegetables.
The presentation also discussed promising opportunities in the tourism sector, the economic features, investment incentives, tax system, exemptions, and facilities granted to foreign investments.