(MENAFN- The Peninsula) The Peninsula
Doha: Qatar Chamber (QC) held yesterday the Qatari-Sierra Leone business meeting, which was headed by QC First Vice-Chairman Mohammad bin Towar Al Kuwari for the Qatari side, and CEO of the Sierra Leonean investment and Export Promotion Agency (SLIEPA) Sheku Lexmond Koroma for the Sierra Leonean delegation.
Minister of Trade and industry of Sierra Leone H E Dr. Edward Hinga Sandy also attended the meeting via videoconference. The meeting discussed ways to enhance commercial and industrial cooperation and investment opportunities available in both Qatar and Sierra Leone and the possibility of establishing partnerships between business owners in the two countries to contribute to increasing the rates of trade and investment exchange.
Al Kuwari said Qatar and Sierra Leone have close relations based on respect and mutual trust, but he pointed out that the volume of trade exchange between both countries is still weak and does not live up to the level of aspirations, and is not commensurate with the size of the capabilities available in both countries.
He added that there is huge potential in agriculture, mining and natural resources in Sierra Leone, which can provide important opportunities for investment and greater cooperation between Qatari and Sierra Leonean companies.
Al Kuwari also reiterated the readiness of the QC to assist business owners and investors from Sierra Leone wishing to establish direct or joint projects in Qatar and to encourage Qatari investors to invest in Sierra Leone, especially since Qatar attaches great importance to investing in Africa in general. He added that Qatar is witnessing a comprehensive economic renaissance thanks to the wise leadership and sound economic policies, which made Qatar a leading regional and global centre for business and investment. The country has also developed infrastructure on a global level and established Free and industrial zones and issued many economic legislations and laws that created an attractive investment environment for investors.
Al Kuwari called on Sierra Leonean companies to invest in Qatar and build partnerships with Qatari companies in many sectors such as industry, services, tourism, and others.
Also speaking during the event, Minister Sandy highlighted that Qatar and Sierra Leone share strong relations on a number of levels and that there is a desire on the part of the Sierra Leonean government to enhance trade and economic cooperation with the Qatari private sector, noting that there are many opportunities that businessmen can seize from both countries. He also expressed his hope that the Qatari-Sierra Leone business meeting will produce the results of strengthening joint commercial cooperation, and stressed that his country is open to foreign investments, and that there are many elements for those wishing to invest in Sierra Leone. Sierra Leone has investments in a number of agricultural and industrial sectors and the country is rich in natural resources such as diamonds, gold, iron, wood, and others, the Minister added.
Koroma also pointed out that the two countries have economic components and incentives that could form a basis for cooperation between Qatari and Sierra Leonean business owners. He went on to invite Qatari business owners to visit Sierra Leone and learn about the available investment opportunities closely.
MENAFN16062022000063011010ID1104384232
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.