Ivorian Minister of Agriculture Discusses Investment Opportunities in Cote d'Ivoire with Qatari Private Sector

Doha, December 04 (QNA) - HE Minister of State for Agriculture and Rural Development in Cote d'Ivoire Kobenan Kouassi Adjoumani called for the Qatar Chamber today to organize a visit for Qatari businessmen to his country to discover available investment opportunities in agriculture, renewable energy, minerals, oil or other sectors. 
       The request was made during his meeting with the Second vice-chairman of the Qatar Chamber Rashid bin Hamad Hazza Al Athba. 
    They discussed the trade and economic relations between the State of Qatar and the Republic of Cote d'Ivoire, as well as ways of developing and strengthening such relations. Additionally, the topics of interest included: mutual investments, reviewing the investment climate in the two countries and the available investment opportunities, along with the role of the private sector in consolidating these relations. 
       The Ivorian Minister explained that Cote d'Ivoire is an agricultural country par excellence. It grows multiple types of crops, but the most famous are cocoa and cashew. He added that the new investment laws in the country facilitated the attraction of investors and hoped these would encourage Qatari businessmen to invest in it. 
       Indicating that the Ivory market is large, creating several options for agricultural investors to export to their countries or any other part of the world or import into the local Ivory market, he noted that the economy of Cote d'Ivoire is open to the world and investment is available to all foreign businessmen. 
       On his part, the Second vice-chairman of the Qatar Chamber, welcomed the development of both country's economic and commercial cooperation relations, stressing that Qatari Businessmen are interested in exploring the investment climate in Cote d'Ivoire. He mentioned that the visit of the Ivorian minister to Doha would pave the way for further mutual cooperation reflected in both sides' desire to develop such ties. 
       HE Al Athba stated that Cote d'Ivoire is famous for its timber industry, agriculture as well as certain natural resources such as minerals. This draws the attention of Qatari investors, who seek to expand their investments in Africa in general, and Cote d'Ivoire in particular. 
    He said that trade between the two countries attained a growth of 21 percent last year, amounting to about QR 126 million compared to QR 104 million in 2021. According to him, the value of trade is still below the desired level despite the growth, which calls for further promotion of mutual investments, leading to raising bilateral trade rates. (QNA)