Qatar, Latvia chambers look to bolster investment ties

Qatar Chamber recently hosted a trade delegation from Latvia led by deputy director of Latvia Chamber of Commerce and Industry, Nauris Lazdans.The meeting touched on ways of enhancing co-operation ties between the private sector of both countries and investment opportunities available in Qatar and Latvia.Speaking to the delegation, assistant director general for Government Relations and Committees Affairs Ali Bu Sherbak al-Mansouri said the Qatari economy “is strong and resilient” and was able to overcome the negative implications of the Covid-19 pandemic.He noted that the Qatari market welcomes Latvian companies, especially in light of the incentives offered by the State to attract foreign investors, the country’s world-class infrastructure, and the pro-investment legislation and laws.Al-Mansouri noted that there are a host of opportunities available for co-operation between Qatari and Latvian private sectors, stressing the chamber’s keenness to strengthen co-operation between Qatari businessmen and their Latvian counterparts through the establishment of joint businesses whether in Qatar or Latvia for the benefit both countries’ economies.For his part, Lazdans emphasised his country’s interest to develop co-operation links with Qatar and promote investments available in Latvia, noting that a trade delegation from Latvia will visit the Gulf region, including Qatar in the coming period to explore investment opportunities available here and meet with Qatari businessmen to review areas of co-operation.