CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Qatar

Ties with Mauritius, Senegal discussed

Published: 23 Mar 2018 - 12:37 pm | Last Updated: 01 Nov 2021 - 08:21 pm

QNA

Doha: Qatar Chamber (QC) held yesterday two separate meetings with delegations from Mauritius and Senegal to discuss on ways to strengthen cooperation in various fields including finance, tourism and attracting trained labor.
Minister of Financial Services and Good Governance Dharmendar Sesungkur of Mauritius called on Qatari investors to review the investment opportunities in his country and to discuss with their Mauritian counterparts to establish mutual partnerships that benefit both sides.
The Minister also presented his country’s investment advantages in the financial sector which is ranked second in its contribution to the gross domestic product GDP, representing 12.1 percent, following the industrial sector which represents 13.9 percent of the GDP.
The Minister revealed that Mauritius achieved significant economic development especially in the tourism sector, which now attracts more than 1.5 tourists annually, as well as the banking sector which comprises more than 22 banks, locally and internationally, in addition to Islamic banks.
The Minister valued the meeting with the Qatari business men to review the investment opportunities, which is provided by financial services operators, accounting and law firms in Mauritius and to explore the option of establishing partnerships with Qatari private sector companies. This will contribute to promoting trade exchange between the two countries and is beneficial to the economy of both countries, HE the Minister said.  On his part, QC Vice-Chairman, Mohamed bin Ahmed bin Towar Al Kuwari, said there is a large number of Qatari businessmen who are interested to know about available investment opportunities in Mauritius, which was able to achieve prosperity in the finance and exchange sectors, over a short period of time.  He added that the State of Qatar and Mauritius may complement one another in the Islamic banking industry, especially since Qatar has considerable experience in this sector.
The chamber also met with a labour delegation from Senegal to discuss cooperation on attracting trained labour from Senegal, which comes as part of the visiting agenda of the joint Qatar-Senegalese committee, which aims to developing the relations between both countries in various fields.  QC Vice-Chairman said the State of Qatar is witnessing a leap in the construction, industry, tourism and other fields, and is seeking to recruit skilled labour to help in the country’s development, which is what the Senegalese community is doing, with regards to contributing to the renaissance seen in Qatar in all fields and is seen to be efficient by employers. The Vice-Chairman added that Qatar spares no effort to save the rights of workers, noting in this context to the issuance of regulating the entry and exit of expatriates law and residence, which achieves a balance between the interests of the employer and the worker. He also pointed to the existence of coordination between QC and labor recruiting offices to overcome any obstacles in this way.