QC and Mozambique's CTA Discuss Economic, Commercial Links
Doha, September 15 (QNA) - Qatar Chamber (QC) and the Confederation of Economic Associations of Mozambique (CTA) discussed ways to enhance bilateral economic and commercial cooperation relations and investment opportunities in Mozambique, including the most attractive sectors for investment.
This came during the Qatar Chamber's meeting on Sunday with a commercial delegation from Mozambique, led by Vice-Minister of Economy and Finance of Mozambique Amilcar Paia Tivane and CTA President Agostinho Zacarias Vuma, in the attendance of QC First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari, along with several board members.
HE Ambassador of the Republic of Mozambique to Qatar Isac Mamudo Massamby also attended the meeting, together with several businessmen from both countries.
During the meeting, Vice-Minister of Economy and Finance of Mozambique Amilcar Paia Tivane praised bilateral relations across all sectors, noting that Qatar is a key partner to Mozambique and emphasizing the shared desire to elevate economic ties and capitalize on the potential in both nations for greater cooperation within the MENA region.
Tivane added that Mozambique is committed to achieving sustainable development and recognizes the private sector's pivotal role in this regard. He outlined several initiatives Mozambique has adopted to foster a stable economic environment, capitalize on available opportunities, encourage investment, and improve economic legislation.
In turn, CTA President Agostinho Zacarias Vuma noted that the delegation includes 25 members representing various sectors, including industry, energy, agriculture, transport, and others.
Vuma highlighted several abundant investment opportunities in Mozambique in sectors such as mineral water, energy, agricultural produce, tourism, oil, mining, and logistics, emphasizing Mozambique's interest in attracting Qatari investments.
He also stressed his country’s commitment to improving its business environment and legislation to foster a reliable investment climate.
The CTA President invited QC and Qatari business owners to visit Mozambique to explore investment opportunities, proposing holding a business forum in Mozambique’s capital, Maputo, to bring together businessmen from both countries.
In turn, QC First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari pointed out that the trade exchange between Qatar and Mozambique grew by 37 percent over the past year, reaching approximately QR 480 million, compared to QR 351 million in 2022.
Al Kuwari added that Mozambique is rich in investment opportunities in sectors such as agriculture, mining, and natural resources, which opens up possibilities for developing cooperation between Qatari and Mozambican companies.
The QC First Vice-Chairman stressed Qatari investors' eagerness to explore these opportunities and take advantage of the investment incentives and facilities offered by Mozambique.
Al Kuwari highlighted the Qatar Chamber's keenness on understanding the available opportunities in Mozambique in preparation for establishing business partnerships and economic alliances in areas of mutual interest. He assured the chamber's readiness to assist the Mozambican side interested in entering the Qatari market.
The QC First Vice-Chairman noted the cooperation agreement between the chamber and the confederation signed in 2019, aimed at enhancing cooperation, exchanging trade delegations, organizing joint business meetings, and sharing information. He stressed the importance of utilizing this agreement to strengthen trade relations between the two countries.
During the meeting, the Mozambican side presented an overview of the investment climate and opportunities available in their country across various sectors. (QNA)
