Qatar Chamber Seeks to Strengthen Cooperation with Moroccan Association of Exporters

Doha, October 10 (QNA) - Qatar Chamber discussed with a delegation of the Moroccan Association of Exporters on Wednesday ways to strengthen joint cooperation and build upon new opportunities for investment in both countries in a variety of sectors including agriculture, food, information technology, transport, industry, mining and amongst others. The Qatari private sector views the Kingdom of Morocco as a promising country with many investment opportunities that attract Qatari businessmen, noting the private sectors of both countries have strong cooperation relations in many fields, First Vice Chairman of Qatar's Chamber of Commerce Mohammed Bin Ahmed Bin Towar said. Bin Towar stressed the important role played by the Qatari-Moroccan High Joint Committee in enhancing and developing these relations at various levels and fields, referring to the previous meeting held last March in Rabat, which witnessed the signing of a number of agreements and memorandums of understanding between the governments of the two countries. Among those signings was an agreement on industrial cooperation, a memorandum of understanding on the establishment of a joint ministerial committee, and a memorandum of understanding for cooperation in the agricultural field. The agreements will contribute to expanding in new horizons for cooperation between Qatari and Moroccan businessmen, which will boost the volume of trade exchange between them which reached about 330 million QR in 2017, registering a growth rate of 17 percent over 2016, Bin Towar underlined. Bin Towar highlighted that there are about 117 Qatari-Moroccan companies operating in the Qatari market and 6 companies with 100 percent Moroccan capital, and the total capital of these companies is about 20 million QR active in a variety of fields including fashion and sewing, trade and contracting, hospitality, design and decoration. The Vice Chairman expressed the hope that the private sector in the two countries will strengthen existing cooperation by establishing more trade partnerships and establishing joint ventures that will contribute to increasing the volume of trade exchanges, stressing the desire of Qatari businessmen to invest in the promising Moroccan market and benefit from the investment climate there. The representative of the Moroccan Agency for Development of Investments and Exports (AMDIE), Ali Mehrez, reviewed in his presentation the development of the Moroccan economy, the most promising sectors for investment there, and Morocco's incentives for foreign investors. Mehrez stressed that Morocco is a safe investment destination, strategically located and offers investment incentives to attract more business people, making Morocco topping investor in Africa and the fifth at the competitiveness level in the continent. (QNA)