President of Tanzania Calls on Qatari Businessmen to Invest in Tanzania

Doha, October 06 (QNA) - HE President of the United Republic of Tanzania Samia Suluhu Hassan called on Qatari business owners and investors to invest in her country, which offers a multitude of opportunities in various economic sectors such as oil and gas, infrastructure, agriculture, livestock, real estate, and industry. This came during Her Excellency's meeting with the Qatar Chamber’s (QC) delegation on Thursday, in the presence of Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwari, a number of Tanzanian ministers, officials and businessmen, and many prominent Qatari businessmen. Speaking at the meeting, Her Excellency said that her country enjoys an attractive investment climate, stressing that the government makes great efforts to develop the legislation, offer more incentives, and provide tax facilitation and exemptions to attract investments. Her Excellency noted that Tanzania owns tremendous potential in natural resources, oil and gas, agriculture, and livestock, inviting Qatari businessmen to visit Tanzania to get acquainted with the opportunities available in these sectors. For his part, Mohamed bin Twar Al Kuwari said that Tanzania is one of the most important African countries that offer a host of giant investment opportunities, indicating that Qatari investors are interested to learn about these opportunities, especially in light of the economic diversification policy adopted by Qatar. He expressed his appreciation to Her Excellency for her interest in meeting with Qatari businessmen and investors and briefing them on the business climate in Tanzania, stressing that this reflects Tanzania’s constant keenness to strengthen its relations with Qatar and encourage Qatari investment in vital sectors. Regarding the trade volume between the two countries, QC First Vice-Chairman said that the bilateral trade volume rose by 66 percent to QR 282 million last year from QR 169 million in 2020. He stressed Qatar Chamber’s strong support for enhancing cooperation between the Qatari private sector and its Tanzanian counterpart and establishing new partnerships in several sectors of mutual interest, pointing out that the Chamber encourages Qatari investors and businessmen to explore investment opportunities in Tanzania, which is rife with investment opportunities in various sectors. During the meeting, HE President Samia Suluhu Hassan witnessed the signing of a memorandum of understanding (MoU) between the Qatar Chamber on one side and the Tanzania Chamber of Commerce, Industry, and Agriculture (TCCIA), and the Zanzibar Chamber of Commerce on the other side. The MoU was signed by QC First Vice-Chairman Mohamed bin Twar Al Kuwari and HE President of TCCIA Paul Koyi and Chairman of Zanzibar Chamber Ali Amour. Commenting of the MoU, the President of TCCIA said that Tanzania welcomes Qatari investors, stressing the importance of this agreement in bolstering cooperation between the Qatari and Tanzanian private sector and establishing partnerships and alliances that benefit both sides. The Chairman of Zanzibar Chamber said that Tanzania’s investment environment is attractive, noting that the government exerts tremendous efforts to develop legislation and provide a pro-investment climate. The MOU aims to enhance cooperation between the two sides, strengthening cooperation between businessmen from both sides, exchange economic information and visits between representatives of the private sector in both countries, and encourage them to forge joint ventures that benefit both economies. (QNA)