A Moroccan delegation in Qatar discusses intensifying investments between Rabat and Doha Economy

Doha The Qatar Chamber called on businessmen to intensify investments between… Qatar AndMoroccoWith the aim of establishing trade alliances and partnerships that contribute to enhancing bilateral trade and developing economic cooperation, which will reflect positively on the economies of the two countries.

The volume of trade exchange between Qatar and Morocco during the year 2023 reached about 931 million Qatari riyals ($256 million), recording a growth rate of more than 10%, compared to 844 million Qatari riyals ($232) during the year 2022, and aluminum and plastic products represent the largest portion of Moroccan imports from Qatar, while Morocco exports food products and clothing to Qatar.

During the opening day of the Moroccan Economic Week activities in Doha (today, Wednesday), member of the Board of Directors of the Qatar Chamber, Mohammed bin Ahmed Al-Obaidli, called on Moroccan companies to learn about the investment climate in Qatar and the opportunities available there. He also called for encouraging Qatari businessmen and Qatari companies to explore the available investment opportunities. In Morocco.

On the sidelines of the Moroccan Economic Week in Doha, an exhibition was opened for many Moroccan products, where 15 Moroccan companies from the sectors of food, cosmetics, textiles and building materials participated in presenting many of their own offers. During his tour of the exhibition, Al-Obaidli urged company owners to build partnerships. With Qatari companies, praising the quality of the Moroccan products offered.

recognizable improvement

For her part, Sonia Mazour, Vice President of the Moroccan Exporters Association, highlighted the remarkable development witnessed by Qatari-Moroccan economic relations in recent years, pointing out the existence of memorandums of understanding and agreements aimed at increasing the pace of trade between the two countries.

She called for the need to intensify visits by trade delegations between the two countries, stressing that the Qatari and Moroccan private sectors have a major role in enhancing economic and investment cooperation.

She pointed out that the Moroccan Exporters Association aims, through its participation in the Moroccan Economic Week event, to strengthen partnerships with the Qatari side, enable participants to enter into economic alliances and joint projects with Qatari businessmen, and discuss ways for Moroccan products to enter the Qatari market.

She also presented an overview of the association, which was founded 40 years ago and includes a large number of companies, whose exports represent 80% of Morocco’s exports. It aims to support companies wishing to export, encourage Moroccan industries and support business expansion.

Promoting investments

On the sidelines of the Economic Week yesterday, Tuesday, a Qatari-Moroccan business meeting was held, which aims to enhance investments between companies and businessmen in Qatar and Morocco.

In his speech during the meeting, the First Vice President of the Qatar Chamber, Mohammed bin Ahmed bin Towar Al Kuwari, praised the relations between Qatar and Morocco, and the close cooperation between the two countries in all fields, especially economic and commercial, noting the common desire to develop these relations to broader horizons, and to increase the volume of… Cooperation at the private sector level.

He pointed out that the efforts undertaken by the Qatari-Moroccan Joint Higher Committee constitute one of the most prominent manifestations of economic cooperation between the two countries and an example of the interest and keenness of the two countries towards developing and strengthening their cooperative relations.

He pointed out the presence of many Moroccan companies operating in the Qatari market with full Moroccan capital or in partnership with Qatari companies in various fields, most notably hospitality, trade, contracting, fashion, beauty, and business solutions. He also pointed out the presence of many Moroccan products in the Qatari market that are distinguished by quality, efficiency and prices. Occasion.