President of the United Republic of Tanzania Her Excellency Mrs. Samia Suluhu Hassan called on Qatari investors to invest in her country which offers a multitude of opportunities in various economic sectors such as oil and gas, infrastructure, agriculture, livestock, real estate, and industry.
This came during her meeting with the Qatar Chamber’s delegation on Thursday at Mandarin Oriental Hotel in the presence of Qatar Chamber First Vice-Chairman HE Mohamed bin Ahmed bin Twar Al-Kuwary, a number of Tanzanian ministers, officials and businessmen, and many prominent Qatari businessmen.
Speaking at the meeting, the Tanzanian President said that her country enjoys an attractive investment climate, stressing that the government makes great efforts to develop the legislation, offer more incentives, and provide tax facilitation and exemptions to attract investments.
Her Excellency noted that Tanzania owns tremendous potential in natural resources, oil and gas, agriculture, and livestock, inviting Qatari businessmen to visit Tanzania to get acquainted with the opportunities available in these sectors.
For his part, HE Mohamed bin Twar Al-Kuwary said that Tanzania is one of the most important African countries that offer a host of giant investment opportunities, indicating that Qatari investors are interested to learn about these opportunities, especially in light of the economic diversification policy adopted by Qatar.
HE expressed his appreciation to Her Excellency for her interest to meeting with Qatari businessmen and investors today, stressing that this reflects Tanzania’s constant keenness to strengthen its relations with Qatar and encourage Qatari investment in vital sectors.
As for the relations between Qatar and Tanzania, he said that they are associated with close and strong relations in all fields, especially in the economic and commercial spheres, noting that despite the pandemic, their bilateral total trade volume rose by 66 percent to QR 282 m last year from QR 169 m in 2020.
QC First Vice-Chairman assured the Qatar Chamber’s strong support for enhancing cooperation between the Qatari private sector and its Tanzanian counterpart and establishing new partnerships in several sectors of mutual interest, pointing out that the Chamber encourages Qatari investors and businessmen to explore investment opportunities in Tanzania, which is rife with investment opportunities in various sectors.
During the meeting, the Tanzanian President witnessed the signing of a memorandum of understanding between the Qatar Chamber on one side and the Tanzania Chamber of Commerce, Industry, and Agriculture (TCCIA), and the Zanzibar Chamber of Commerce on the other side.
The MOU was signed by QC First Vice-Chairman HE Mohamed bin Twar Al-Kuwary and President of TCCIA HE Paul Koyi and Chairman of Zanzibar Chamber HE Ali Amour.
The MOU aims to enhance cooperation between the two sides, strengthening cooperation between businessmen from both sides, exchange economic information and visits between representatives of the private sector in both countries, and encourage them to forge joint ventures that benefit both economies.
Commenting of the MOU, HE Paul Koyi said that Tanzania welcomes Qatari investors, stressing the importance of this agreement in bolstering cooperation between the Qatari and Tanzanian private sector and establishing partnerships and alliances that benefit both sides.
Chairman of Zanzibar Chamber HE Ali Amour said that Tanzania’s investment environment is attractive, noting that the government exerts tremendous efforts to develop legislation and provide a pro-investment climate.