Qatar Chamber’s (QC) First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari during the Qatar-Mexico Business Forum yesterday.
Doha: Trade exchange between Qatar and Mexico rose by 17 percent to $111m during the first half of the year (H1 2021), compared to the same period last year, according to Qatar Chamber’s (QC) First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari.
He was speaking during the Qatar-Mexico Business Forum which was held at the Chamber’s headquarters yesterday, and was attended by Mexico’s Ambassador to Qatar H E Graciela Gomez Garcia, Coordinator of the Council of Industrial Chambers of Jalisco State (CCIJ) Eng. Ruben Masayi Gonzalez, and a large number of representatives from Qatari companies and 33 Mexican companies specialised in food and beverages, oil and gas, jewellery and furniture and other sectors.
The meeting reviewed ways of enhancing cooperation between Qatari and Mexican firms and exploring the investment opportunities available in both countries.
Al Kuwari went on to reiterate that the energy sector tops the Qatari investments in Mexico, noting that there are many successful investments in this vital sector.
He also said that the Qatari private sector is looking forward to establishing partnerships with its Mexican counterparts in all sectors, especially in agriculture and food security, stressing that there is a mutual interest from both sides to identify the investment opportunities available in both countries and forge joint ventures that benefit their economies.
He pointed out that the QC highly welcomes the cooperation between companies from both countries, and invited Qatari investors to explore the opportunities in Mexico to 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,” he added.
Gonzalez said that the Council consists of a group of leading companies in various sectors such as industry and electronics, and offer products of high quality which are being exported to all countries globally. He also called on Qatari businessmen to explore the opportunities available for investments in the State and establish active partnerships with the Mexican side.
He noted that the visiting delegation is eager to establish economic partnerships with Qatari companies in agriculture and food security fields, pointing out that there are many foreign investments in this sector in Mexico which is rich in opportunities that can attract Qatari investors.
During the event, the Mexican Ambassador praised the close relations between both countries, stating that Qatar is the fourth trade partner to Mexico in the Middle East region.
Garcia also stressed that Mexico is rife with investment opportunities in many sectors such as IT, communication, construction, energy, infrastructure, and others.
During the meeting, both parties delivered presentations on various investment opportunities in both countries.
Manager of Investor Relation at Investment Promotion Agency (IPA) Hamad Rashid Al Nuaimi presented an overview about 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 the national agency 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. Qatar also boasts a world-class climate for business and investment, and offers a wide range of opportunities in infrastructure, logistics, fiscal services, entertainment, technology, manufacturing, tourism, agriculture, and others, he added.
The Mexican delegation also delivered a presentation about the role of CCIJ and the sectors that can attract Qatari investors.
