Qatar Chamber and South Africa Chamber of Commerce and Industry signed agreement to boost cooperation and coordination between the private sectors of the two countries, on Sunday.
The agreement was signed by Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwari and President of South African Chamber Mtho Xulu.
In a statement, Twar praised the close relations between Qatar and South Africa in economic and commercial fields, noting that Qatar Chamber is keen to boost cooperation ties between the Qatari private sector and its South African counterpart in a way that develop the two countries’ trade volume which stood at QR1.3 billion in 2021 compared to QR786 million in 2020, an increase of 60 percent.
He stressed the importance of signing this agreement in strengthening cooperation between businesspersons from both countries and exchanging mutual visits and information which leads to boosting cooperation between the private sectors and levelling up trade exchange between both countries, as well as forging active partnerships in both sides.
Twar said there are many South African companies operating in Qatar which are an added value to the Qatari market, stressing that this stimulates Qatar Chamber to sign this agreement with its South African counterpart to attract more companies to Qatar.
He also stressed the interest of Qatari investors to learn about investment opportunities available in South Africa, which is one of the fast-growing economies in the African continent and offers a plenty of investment opportunities that attract Qatari investors.