Mbasogo seeks Qatari investments in Guinea

Tribune News Network Doha Equatorial Guinea President Teodoro Obiang Nguema Mbasogo on Sunday met with members of Qatar Chamber (QC) and a number of Qatar...

Tribune News NetworkDoha Equatorial Guinea President Teodoro Obiang Nguema Mbasogo on Sunday met with members of Qatar Chamber (QC) and a number of Qatari businessmen in Doha.The meeting touched on ways of enhancing trade relations between both countries and exploring 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.Addressing the meeting, Mbasogo said that Guinea has vast areas that can be used for food security projects. Mbasogo stressed that his country offers a lot of investment opportunities that can attract Qatari businessmen.He invited Qatari investors to invest in his country and set up joint enterprises with Guinean companies, affirming that it a secure destination for investments.Mbasogo noted that Guinea established an investment system for encouraging foreign investments for economic diversification and introduced a single-window system for setting up new companies.HE said that Guinea is seeking to benefit from Qatar’s experiment in economic diversification.Speaking on the occasion, Kuwari said that the forum offers a good opportunity for identifying the promising opportunities available 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.Kuwari pointed out that this step shows the importance Qatar attaches to the Africa continent.“Qatar’s private sector is hopeful that this step would enhance the two countries’ economic and commercial cooperation,” he said.Misnad, who also spoke on the occasion, said that the Qatari private sector was hopeful of more cooperation in line with the aspirations of both countries’ leaderships after this meeting.