Qatar A Global Hub Of Opportunities For Italian Companies: Envoy

Doha, Qatar: Qatar is seen as a global hub of opportunities for Italian construction companies. The trade volume between Qatar and Italy reached €8bn in last year which is a sign of healthy and positive trade relationship said, Italian Ambassador to Qatar, H E Paolo Toschi.

The Italian Embassy in Qatar with the Italian Trade Agency, the trade Promotion section of the Embassy participated in Project Qatar 2023 at the Doha exhibition convention Center (DECC), yesterday.

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Speaking to The Peninsula at the Italian pavilion, Ambassador Toschi said,“For the 19th edition of Project Qatar we have 13 companies taking part. The concept was to gather these companies in the space that looks like Italy for accessing the beauty of our offer. Some of the companies are part of the marble sector in Italy as the country has long standing history of marble production. They are here to offer their expertise and know-how and we are here to support them.”

The envoy added“With 13 companies here we give a solid signal that the construction and the home building sector in Italy sees Doha as an opportunity for presence in the domestic market but also broader promotion abilities due to the nature of Doha as global hub. We are fully confident that the relationship continues to grow and expanding both in quantity and quality.”

Toschi noted that Italy is first in the world when it comes to tiles for export value. In general, for all the sectors our economy enjoys a good level of growth that is export driven. So, these companies are the look out for new markets, customers and opportunities. Italy is also global leader when it comes to wood and the same applies in many of the sectors of housing.

The ambassador reiterated, for these companies to access Doha as a global hub is an opportunity.“It goes way beyond the size of the domestic market because from Doha you can access the world and from Italy you can access some of the best quality in the world.”

Speaking about record accomplishment in terms of trade between Qatar and Italy, the ambassador said,“In 2022 we reached a new record in bilateral trade between both countries that is around €8bn. This represents a growth on the previous record of over 140 percent in 2021. This is a sign of a very healthy and positive trade relationship, and we want to see it continuing to grow.”

The envoy pointed out that the pandemic is behind us, and“we have grown our relationship through the pandemic. Every sector had to go through transformation from home working to technological advancements, energy changes as the labour market and industries have transformed but the growth of our relationship has met the challenges of the pandemic and other challenges that we face including climate change and our trade relationship reflects that as well.”

“We work more and more exploring the opportunities in the renewable energy sector and oil and gas which remains core of the relationship in the energy field with Qatar,” he added.

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