Qatar Chamber and the Arab-Brazilian Chamber recently held a meeting to discuss ways to strengthen co-operation relations and boost mutual investments, as well as spur growth in bilateral trade ties.
During the meeting, Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari lauded the “close, friendly relations” of Qatar and Brazil, saying this is evident in the active partnerships between both countries, especially in trade and investments.
Al-Kuwari received a Brazilian trade mission led by Daniella Ribeiro Leite, the business director of the Arab Brazilian Chamber of Commerce at the chamber’s headquarters in Doha.
The meeting was attended also by Qatar Chamber board member Mohamed bin Ahmed al-Obaidly and representative of 12 Brazilian companies and their Qatari counterparts specialising in various sectors.
Al-Kuwari said Qatar-Brazil trade volume reached nearly QR2.2bn in 2020, “indicating that Brazil is one of Qatar’s most important trade partners and Qatar is an important market for Brazilian products.”
He said there are many successful Qatari investments in Brazil in sectors, such as energy, banking, and real estate, among others. Al-Kuwari also said there are several Brazilian companies operating in Qatar’s diverse sectors.
Citing Qatar’s investment climate, al-Kuwari praised the wise leadership, saying “the State has managed to establish a sophisticated infrastructure and enact a host of economic legislation that aided in positioning Qatar as a leading destination for investment and business.”
He invited Brazilian companies to invest in Qatar and maximise the incentives offered by the country to foreign investors and the opportunities available in all sectors, primarily in food security, agriculture, tourism, construction, and industry, among others.
Al-Kuwari stressed that Qatar Chamber is urging Qatari businessmen to invest in Brazil, which owns “tremendous potential and promising opportunities” in all fields. He also assured the chamber’s readiness to help Brazilian firms willing to invest in Qatar.
Leite said the visiting delegation is looking forward to learning more about Qatar’s business climate and the co-operation opportunities with the Qatari side, as well as the products that Brazil could export to the Qatari market.
She also assured that the visit aims to establish long-term partnerships with Qatari firms in various sectors in which the Brazilian delegation is specialised in.
Al-Obaidly said the Qatari market is attracting foreign investments, noting that food security is a priority sector in Qatar, and both sides could enhance co-operation in this sector, considering that Brazil “has huge potential in this vital sector.”