Qatar Chamber (QC) First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari (eighth right), QC Board Member Mohamed bin Ahmed Al Obaidly (seventh left), with delegates of the Brazilian trade mission led by the Arab Brazilian Chamber of Commerce’s Business Director Daniella Ribeiro Leite (seventh right) at the Chamber’s headquarters, yesterday.
Doha: Total trade volume between Qatar and Brazil reached QR2.2bn last year, indicating that Brazil is one of Qatar’s most important trade partners, while Qatar is an important market for Brazilian products, according to Qatar Chamber (QC) First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari.
Speaking at a meeting between the QC and a Brazilian trade mission led by the Arab Brazilian Chamber of Commerce’s Business Director Daniella Ribeiro Leite at the Chamber’s headquarters yesterday, Al Kuwari paid tribute to the close friendly relations linking Qatar and Brazil, citing these are evident in the active partnerships between both countries that serve aspirations of both countries and their peoples at all fields, especially at trade and investment aspects.
The meeting was also attended by QC Board Member Mohamed bin Ahmed Al Obaidly in the presence of representatives of 12 Brazilian companies specialised in various sectors and their Qatari counterparts.
During the event, both sides reviewed trade ties between the two countries, and the means of enhancing their trade cooperation.
As for mutual investments, Al Kuwari noted that there are many successful Qatari investments in Brazil in many sectors such as energy, banking, real estate, and others, pointing out that there are several Brazilian companies operating in Qatar in diverse sectors.
Regarding Qatar’s investment climate, he stressed that due to the wise leadership, the State has managed to establish a sophisticated infrastructure and enact a host of economic legislations that aided in positioning Qatar as a leading destination for investment and business.
Al Kuwari went on to invite Brazilian companies to invest in Qatar and to take advantage of the incentives offered by the country for foreign investors and the opportunities available in all sectors, foremost of which is food security, agriculture, tourism, construction, industry, and others.
He also stressed that the QC urges Qatari businessmen to invest in Brazil which owns tremendous potential and promising opportunities in all fields, assuring its readiness to help Brazilian firms willing to invest in Qatar.
On her part, Leite said the visiting delegation is looking forward to learning more about business climate in Qatar and including the opportunities for cooperation with the Qatari side, as well as the products that can be exported to the Qatari market.
She also reiterated that the visit aims is to establish long-term partnerships with Qatari firms in various sectors in which the Brazilian delegation is specialised in.
During the meeting, Al Obaidly added that the Qatari market is attracting foreign investments, noting that food security is a priority sector in Qatar and both sides can enhance cooperation in this sector, especially since Brazil has huge potential in this vital sector.
