Qatar Chamber Hosts Qatar-Angola Business Meeting To Strengthen Trade Ties

(MENAFN- Gulf Times) Qatar Chamber hosted the Qatar-Angola Business Meeting Tuesday, bringing together key officials and business leaders to explore avenues for enhancing bilateral trade and investment ties.
The meeting was headed by Qatar Chamber second vice chairman Rashid bin Hamad al-Athba and engineer Vicente Soares, president of the Angola Chamber of Commerce, and Industry.
They were joined by Qatar Chamber board members Abdulla al-Emadi, Mohamed bin Ahmed al-Obaidli, and Dr Mohamed bin Jawhar al-Mohamed, alongside António Coelho Ramos da Cruz, ambassador of the Republic of Angola to Qatar, and many business representatives from both countries.
On the sidelines of the meeting, al-Athba and Soares signed a memorandum of understanding (MoU) to strengthen co-operation and co-ordination between the Qatari and Angolan private sectors.
The MoU will facilitate the exchange of economic information, particularly regarding foreign trade, production, and export opportunities for businesses in both countries. It also aims to promote cooperation in exhibitions, exchange visits, and hosting regular meetings for representatives from both sides to explore and develop new avenues for economic and investment partnership.
Al-Athba said that despite the distinguished relations between Qatar and Angola, their trade volume remains below expectations, amounting to QR42mn in 2023 and QR25mn until November 2024. He emphasised the importance of activating the private sector's role to enhance trade and economic co-operation between the two nations.
He said the meeting represented a valuable opportunity to strengthen cooperation between the business sectors of both countries and highlighted that the MoU would open new avenues for economic and investment partnerships, especially considering the tremendous potential of both economies.
Al-Athba emphasised the potential to establish a joint business council, which would further enhance collaboration, facilitate trade exchange, and create new opportunities for businesses in both Qatar and Angola.
He noted that the areas of co-operation and partnership between the two countries are numerous and diverse, pointing out that Angola is an African economic success story and a leading investment destination. He also highlighted that Angola has made significant strides in building a prosperous and developed economy, offering various investment incentives that attract foreign investments.
Al-Athba further stressed that Qatar Chamber is committed to encouraging Qatari investors to explore the numerous opportunities available in Angola, particularly in sectors such as agriculture, mining, infrastructure, energy, and others.
Soares thanked Qatar Chamber and the Ministry of Foreign Affairs for coordinating the MoU signing ceremony and expressed his desire to establish a joint Qatari-Angolan business council. He urged Qatari investors to visit Angola and explore the investment opportunities available, as well as the incentives the country offers to foreign investors.
He also highlighted that the Angola Chamber, established in 1988, is the first institution to represent the private sector in Angola. With 1,300 members, including both public and private institutions, it covers all economic sectors in the country.

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