Muhammed bin Ahmed bin Towar (right), Vice-Chairman of QC, and Rufat Mammadov, President of Azerbaijan Export and Investment Promotion Foundation at QC, yesterday.
Qatar Chamber (QC) yesterday held discussions with the visiting trade and investment delegation from Azerbaijan to boost the bilateral businesses.
Addressing a Business Forum, jointly hosted by Azerbaijan and Qatar Chamber, the Chamber Vice Chairman Muhammed bin Ahmed bin Towar said that the Qataris are looking to explore available investment opportunities in Azerbaijan. Qatar Chamber, will support the establishment of partnerships and projects between Qatari and Azerbaijani businessmen.
Qatar and Azerbaijan hold diplomatic relations since 1994 and is of top priority to both nations' leaderships; the economic diversity is considered one of the main pillars of Qatar National Vision 2030 which encourages businessmen to explore innovative fields in order to enable balanced foreign investments.
Towar said Qatar offers one of the best investment and trade opportunities to the international investors. With the country lining up a large number of projects in the run up to the FIFA World Cup, it has become an attractive destination for the investors across the world.
QC is glad to provide all information and data on the local market to the Azerbaijani companies and to connect them with potential Qatari partners. Rufat Mammadov, President of Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said that the goal of the visit is to deepen the trade and economic relations between both economies and encourage mutual investment.
Mammadov did a presentation on Azerbaijan's abilities and investment opportunities which covers the availability of natural resources such as petrol and gas. He also explained on the investment opportunities available in the fields of agriculture, tourism, food manufacturing, communications and chemical industries in Azerbaijan.
Rufat invited Qatari businessmen to explore the business opportunities in Azerbaijan which is considered an important investment destination due to the incentives set by its government such as the ease of company registration procedures and tax exemptions.
There is a six-fold increase in the arrival of Qatari tourists in Azerbaijan in the past few years. I hope the trade volume would also witness a similar increase in the coming years, he said.
Qatar and Azerbaijan are well connected in businesses and investment. “this is our second visit to Qatar and this visit will increase the level of co-operation between the business communities of both the countries”, he said.
Currently, Azerbaijan is embarked on a ‘2015-2020 State Programme” to promote the local industry. The programme has its focus on industrial modernization, increasing export of non-oil industries , bringing in innovations in productions and improving the country’s investment attractiveness.
