Qatar & Tanzania explore investment opportunities in various economic sector

By Shilpa Annie Joseph, Official Reporter
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Qatar and Tanzania have discussed ways of possible investment opportunities between the two countries in various economic fields.

Tanzanian President Ms. Samia Soluho Hassan has stated that Qatar and Tanzania have huge potentials to strengthen cooperation in areas such as trade exchange, investment promotion, tourism, gas exploration, port development, agriculture, and energy.

The president made this statement during the meeting with the Qatari Businessmen Association (QBA) in presence of QBA Chairman, HE Sheikh Faisal bin Qassim Al-Thani.

Highlighting that Qatar and Tanzania have always enjoyed historical bilateral relations, Ms. Hassan said that these friendly relations became stronger after the opening of the embassies of the two countries and the exchange of high-level visits between the leaders of Qatar and Tanzania.

“We confirm our deep goals to build strategic partnerships that will positively contribute to the economies of the two countries,” the president added.

QBA chairman noted that there are real investment opportunities in the fields of tourism, agriculture, and energy support projects.

Sheikh Faisal stressed that “there is a common interest to develop bilateral collaboration, in light of the enormous potentials of both countries, pointing out that the Qatari businessmen are keen to learn about the opportunities available in Tanzania and to benefit from its natural resources, agricultural lands and its strategic location.”

According to the reports, the relations between Qatar and Tanzania are growing, and the volume of trade exchange has reached $82 million (QR 300 million) in 2021, compared to 446 million (QR 169 million) in 2020, representing a growth of 70 percent.

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