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Qatar-Morocco Business Meeting to enhance trade ties

Doha, Qatar: The Qatar Chamber held yesterday, the Qatar-Morocco Business Meeting, which was co-chaired by QC First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari and Sonia Mezzour, Vice-President of the Moroccan Exporters Association (MEA).

The meeting was attended by QC board member Mohamed bin Ahmed Al Obaildi, and a crowd of businessmen from both sides.

The meeting focused on cooperation relations between both sides in various economic and commercial fields, particularly in agriculture, food, cosmetics, and paintings sectors. It also addressed the investment climate and opportunities available in both Qatar and Morocco, encouraging businessmen from both sides to explore joint ventures beneficial for both economies.

Speaking at the meeting, Mohamed bin Twar said that Qatar and Morocco enjoy fraternal relations and close cooperation in all fields, particularly in economic and commercial aspects. He noted a shared desire from both sides to expand these relations to broader vistas and increase cooperation at the private sector level.

He also mentioned that the two countries’ trade volume reached QR931m in 2023, reflecting a 10% increase compared to QR844m in 2022. He noted the presence of many Moroccan companies operating in Qatar, either with full Moroccan capital or in partnership with local entities, across various sectors such as hospitality, trading, contracting, cosmetics, fashion, and business solutions. Additionally, he highlighted the abundance of high-quality and efficient Moroccan products in the Qatari market, along with a sizable Moroccan community contributing to Qatar’s ongoing growth in various positions and job roles.

Twar pointed out that there are many Qatari investments in Morocco, emphasizing its attractiveness as a destination for Qatari investors.

The QC First Vice-Chairman called on Moroccan companies to enhance cooperation with their Qatari counterparts by establishing active partnerships and commercial alliances. He urged them to leverage the advanced infrastructure in Qatar and the investment incentives provided for foreign investors.

He emphasized the Qatar Chamber’s support for enhancing cooperation between the Qatari private sector and its Moroccan counterpart, assuring that it encourages Qatari investors to explore the Moroccan market and the investment opportunities available there.

On her side, Sonia Mezzour, Vice-President of the Moroccan Exporters Association, stated that the delegation’s visit to Qatar aims to promote Moroccan products and encourage Qatari investors to invest in her country, which offers plenty of opportunities in various sectors. She noted that the delegation comprises representatives from 15 companies working in foodstuffs, cosmetics, building materials, decoration, and others.

Mezzour indicated that the MEA has a platform for halal food and cosmetic products, inviting Qatari businessmen to explore it. She further extended an invitation to Qatari investors to visit Morocco, encouraging them to learn more about investment opportunities and meet with their Moroccan counterparts to review prospects for cooperation and partnership.

Source: The Peninsula