The Qatar Chamber, a key player in promoting economic growth and international partnerships, recently convened a meeting with ambassadors from several Latin American countries. The gathering included representatives from Peru, Haiti, Uruguay, Argentina, Guatemala, Mexico, Costa Rica, El Salvador, and Brazil. Their mission? To explore avenues for co-operation and enhance economic ties.
Key Takeaways
- Investment Climates and Opportunities
- During the meeting, the participants engaged in discussions about the investment climates and opportunities in both Qatar and Latin American nations. This exchange allowed them to identify potential areas for collaboration and mutual benefit.
- Qatar, with its remarkable development across various sectors, has become an attractive destination for foreign investors. Latin American countries expressed strong interest in fostering economic and commercial co-operation with Qatar.
- Strengthening Cooperation
- The focus was on strengthening ties between businessmen from both sides. By facilitating dialogue and understanding, they aimed to boost mutual investments and trade exchange.
- Sectors ripe for collaboration included energy, tourism, hospitality, food security, infrastructure, and renewable energy. These areas offer exciting prospects for joint ventures and knowledge sharing.
- Trade Volume and Growth
- The trade volume between Qatar and Latin American countries reached QR 3.6 billion last year—a testament to the growing economic relationship1.
- His Highness the Amir Sheikh Tamim bin Hamad al-Thani’s visits to Latin American nations have played a pivotal role in developing these ties and opening new markets for Qatari products.
- Invitations and Desires
- The Latin American ambassadors extended invitations to Qatari investors, encouraging them to explore their countries and learn about the investment opportunities and incentives available.
- Both sides expressed a strong desire to collaborate across various sectors, emphasizing the potential for fruitful partnerships.
