Mongolia to develop the commercial and economic relations with Qatar

The “Qatar-Mongolian Business Meeting”, was held in the presence of many businessmen from both countries. The meeting touched on ways to enhance cooperation between Qatari and Mongolian businessmen, as well as the investment opportunities available on both sides.

Addressing the meeting, H E Mohamed bin Twar Al Kuwari said that the State of Qatar and Mongolia are linked with good relations, noting that they have a common desire to enhance their relations, especially in the economic and commercial fields. He also indicated that Qatar offers an attractive investment environment that introduces many incentives and facilitations that allow full ownership for foreign investors in various economic sectors and activities, in addition to the advanced infrastructure and the economic laws and legislation, assuring that these privileges helped Qatar to become a leading destination for business and investment.

Al Kuwari invited Mongolian companies to invest in Qatar and take advantage of the incentives offered to foreign investors and the opportunities galore in multiple sector, stressing that the Qatar market is promising and welcomes foreign investments. He also underscored the Qatar Chamber’s interest in encouraging Qatari businessmen to invest in Mongolia, pointing out that it owns tremendous potential and promising investment opportunities in a diversity of sectors such as agriculture, food, tourism, mining and others.

For his part, Chief of the President Office of Mongolia Ya.Sodbaatar praised the good relations between his country and Qatar, stressing that they witnessed considerable growth over the past 25 years, noting that they the Mongolian Government is keen to develop the commercial and economic relations with Qatar and support the activities of businessmen.

He noted that both countries signed a number of agreements in various sectors, expressing his confidence that these agreements would contribute to facilitating trade and investment between both sides, indicating that the delegation compromise 22 businessmen from 13 companies specialized in agriculture, food processing, mining and tourism.

T.Duuren, CEO of the Mongolian National Chamber of Commerce and Industry, said that the delegation includes a number of businessmen willing to enhance cooperation with the Qatari side in various sectors, calling Qatari investors to visit Mongolia to learn about the investment opportunities available there. He delivered a presentation on the Mongolian economy and the investment climate, as well as opportunities in agriculture, tourism, mining, and meat productions sectors.