The Qatar Chamber (QC) has explored ways to strengthen bilateral trade and economic relations with a high-level business delegation from the Republic of South Africa, headed by Zanelli Sani, Director of Export Promotion at the Ministry of Trade, Industry, and Competition.
The Qatari side was led by Mohamed bin Ahmed Al Obaidli, board member of Qatar Chamber, with the participation of prominent Qatari businessmen, company representatives, and their South African counterparts.
The discussions also highlighted the investment climate and opportunities available across various sectors in both countries, along with the incentives and facilities offered to encourage foreign investment.
Speaking at the meeting, Al Obaidli said that the gathering reflects the keenness of both countries to enhance cooperation and foster genuine partnerships between their private sectors. He noted that bilateral relations have seen significant growth in recent years, with trade exchange between the two nations reaching about $173 million (QR 630 million) in 2023.
The QC board member emphasized Qatar Chamber’s commitment to supporting cooperation with South Africa by welcoming investors and businessmen, and encouraging Qatari entrepreneurs to explore promising opportunities in the South African market.
He pointed out the vast potential for collaboration in medical equipment and agricultural products, in addition to other key fields such as mining, renewable energy, tourism and hospitality, technology, and infrastructure.
For her part, Sani expressed appreciation to the Qatar Chamber for hosting the meeting, stressing that it provided a valuable platform to review investment climates and identify prospects for partnership between the two private sectors.
Further, Sani also underscored the broad scope for cooperation between Qatari and South African businesses in industries such as mining, renewable energy, electric vehicles, batteries, manufacturing, technology, and innovation.
During the meeting, the South African delegation delivered presentations on investment opportunities in their country, offering an overview of the national economy, incentives for foreign investors, and the most promising sectors for future collaboration.
