Qatar: The Qatari-Mongolian business meeting discusses enhancing trade and investment cooperation

The Qatari-Mongolian business meeting, chaired by Mr. Mohammed bin Ahmed bin Tawar Al-Kuwari, First Vice-President of the Qatar Chamber, and Mr. Sudbaatar Yanguk, Head of the Office of the President of Mongolia, discussed enhancing joint cooperation between business owners and exploring opportunities for investment in both countries. Mr. Mohammed bin Ahmed bin Tawar Al-Kuwari said that Qatar and Mongolia have good relations, and that there is a common desire to strengthen these relations, especially in the commercial and economic fields. Al-Kuwari pointed out that the State of Qatar has been able to provide an attractive investment environment through the facilities and incentives that allow the foreign investor to invest up to 100% in various economic sectors and activities, as well as the advanced infrastructure, and economic laws and legislation that contributed to the State of Qatar’s accession to a prominent position. globally as a leading destination for investment and business. He called on Mongolian companies to invest in Qatar, benefit from the attractive investment climate and the advantages it offers to foreign investors, and the opportunities available in various sectors, pointing out that the Qatari market is a promising market and welcomes foreign investments. He also stressed the Qatar Chamber’s interest in encouraging Qatari businessmen to invest in Mongolia, noting that it has great potential and promising investment opportunities in various fields, such as agriculture, food, tourism, minerals, and others. For his part, Mr. Sudbaatar Yanguk, Head of the Office of the President of Mongolia, praised the relations between the State of Qatar and Mongolia, which have witnessed remarkable growth since the establishment of diplomatic relations 25 years ago, noting that there is a clear endeavor on the part of the Mongolian government towards developing economic and trade relations with Qatar based on the distinguished relations that have been established. They connect and support the activities of businessmen. He also noted that the two countries signed a number of cooperation agreements in various fields, stressing his confidence that these agreements will contribute to facilitating the movement of trade, investment and business between them, and indicated that the delegation includes 22 businessmen representing 13 companies specialized in various fields such as agriculture, food processing and mining. Tourism, where these companies want to enter the Qatari market. In turn, Mr. Doreen Tumengaral, CEO of the Mongolian Chamber of Commerce and Industry, said that the delegation includes a group of businessmen specialized in the fields of agriculture and food production who wish to enhance cooperation with the Qatari side, calling on the Qatar Chamber and Qatari business owners to visit Mongolia and learn about the investment opportunities available there. He also reviewed the most important features of the Mongolian economy and the most important investment opportunities available in the sectors of agriculture, tourism, mining and meat production.