Chamber official invites Ukrainian companies to invest in Qatar

Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari handing over a token of recognition to Ukraine Chamber of Commerce & Industry chairman Gennadiy Chyzhykov.

Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari is encouraging companies in Ukraine to pour their investments into Qatar. Al-Kuwari made the statement during meetings of a Qatari delegation in the Ukrainian capital of Kyiv and at the Qatari-Ukrainian Joint Committee meeting held recently. He also lauded the “strong relations” between Qatar and Ukraine, noting that both countries’ private sectors have benefited from trade and investment co-operation through the exchange of visits between the two sides. Al-Kuwari said the Ukrainian-Qatari Business Forum, which was held in February through video conferencing, reviewed prospects for co-operation between the private sectors and available investment opportunities in both countries. He also held a meeting with Ukraine Chamber of Commerce & Industry chairman Gennadiy Chyzhykov. Both officials reviewed strengthening co-operation ties between Qatari and Ukrainian businessmen and identifying investment climate in both countries, as well as enhancing investment opportunities and mutual investments in both countries. Al-Kuwari stressed the importance of activating the Qatari-Ukrainian Business Council “to perform its desired role in underpinning co-operation between businessmen and streamlining investment procedures in both sides.” Citing the wise leadership of His Highness the Amir Sheikh Tamim bin Hamad al-Thani, al-Kuwari said Qatar was able to achieve “great progress in all fields,” especially in the economic and investment areas, and in developing world-class infrastructure, as well as issuing laws and economic legislation that placed the country among the world’s top destinations for investments and business. “Qatar has also succeeded in building an attractive investment environment through the facilities and incentives it offers for foreign investors, which allowed 100% ownership and exemption from income tax and customs duties on imported machines and equipment,” he noted. Al-Kuwari invited Ukrainian companies to maximise Qatar’s “attractive investment climate” and benefits extended to foreign investors, as well as the opportunities available in various sectors, especially in the industrial, service, and food security sectors. He stressed Qatar pays special attention to the food security sector, citing the Qatar National Food Security Strategy 2018-2023, which is based on four pillars: local production, internal supply chains, international trade, and logistics and strategic storage. “The strategy aims to achieve safe self-sufficiency rates, and to give a significant role to the private sector, whether in investing in the production of agricultural commodities, such as vegetables, fish, and red meat or through importing food commodities needed by the local market. “This sector offers great opportunities for co-operation between Qatari and Ukrainian companies with the aim to establish joint ventures in Qatar to enhance food self-sufficiency or in Ukraine to provide the Qatari market with the food supplies it needs,” al-Kuwari said.