Mohammed bin Ahmed bin Towar Al Kuwari (third left), Vice Chairman, Qatar Chamber; and Rami Bouchaib (left), Chairman, CIME along with other officials at the business meeting, yesterday. Pic / Syed Omar
Qatar Chamber (QC), yesterday held discussions with the visiting business and investment delegation from Morocco. The meeting reviewed means of boosting bilateral trade and investment relations in major sectors.
The delegation from Morocco unveiled investment opportunities for Qatari investors and discussed the ways to forge trade partnerships between the private sectors in both countries.
“Qatari businessmen have a firm desire to invest more in the Moroccan market which promises to open up foreign investments opportunities,” said Qatar Chamber Vice Chairman Mohamed bin Ahmed bin Towar.
The Moroccan delegation was headed by Rami Bouchaib, Chairman, Club of Moroccan Investors from Abroad (CIME).
Agriculture, industry, trade, services and renewable energy sectors were the key sectors emerged in the meeting as potential sectors for investments.
“Qatar Chamber is keen to promote Qatari investments in Morocco, and will support establishment of partnerships and projects in this direction. We are also ready to provide any data needed by Moroccan business owners in general and the Club of Moroccan Investors in particular. I hope that your visit will achieve its objectives and contribute to the promotion, enhancement and deepening of the trade and investment cooperation relations between two countries,” QC Vice Chairman said.
Currently, Qatari and Moroccan businessmen are involved in the investment projects in plastic products, aluminium, foodstuffs and furniture.
The bilateral trade volume between Qatar and Morocco reached $70 m in 2015. However, there is more economic development potential available, giving space to establish more joint ventures, for mutual the benefit of both the economies, he added.
Morocco places limits on foreign investment in various sectors, allowing for only a minority stake. However, plans are in place to bring about change in foreign investment law, the Moroccan delegates stressed at the meeting.
CIME works to assist the investors abroad to invest in Morocco. The organisation claims to have helped establish more than 1200 companies in all sectors, offering more than 120000 jobs.
