Qatar, Equatorial Guinea explore ways to boost trade relations

By Shilpa Annie Joseph, Desk Reporter
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Qatar
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Equatorial Guinea President Teodoro Obiang Nguema Mbasogo has discussed ways to enhance trade relations with members of the Qatar Chamber (QC) and a number of Qatari businessmen in Doha.

Further, the meeting has explored the investment opportunities available in Equatorial Guinea. QC First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari led the Qatari side on the occasion. QC Second Vice-Chairman Rashid bin Hamad Al Athba, as well as QC board members Ali bin Abdullatif Al Misnad and Nasser bin Sulaiman Al Haidar, were also present during the meeting.

Teodoro Obiang Nguema Mbasogo
Teodoro Obiang Nguema Mbasogo
President
Equatorial Guinea

“Guinea has large lands that might be utilized for food security programs. And the country has a lot of investment options that could attract Qatari investors. Guinea established an investment system for encouraging foreign investments for economic diversification and introduced a single-window system for setting up new companies. Guinea is seeking to benefit from Qatar’s experiment in economic diversification. Qatari investors are invited to invest in the country and set up joint enterprises with Guinean companies, affirming that this is a secure destination for investments.”

Speaking at the event, Mr. Kuwari has stated that the forum provides a wonderful opportunity to find the prospective potential in Guinea. Highlighting the common interest of both countries to establish cooperation links, he said that it was best illustrated by singing a joint statement to establish diplomatic relations between the two countries last month.

Mr. Kuwari noted that this step demonstrates Qatar’s commitment to the African continent. “Qatar’s private sector is hopeful that this step would enhance the two countries’ economic and commercial cooperation,” he further added.

Related: RAK Chamber explores ways to boost trade ties with Georgia

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