Qatar Chamber Invites Investors from Ukraine to Invest in Qatar
Qatar Chamber First Vice Chairman HE Mohamed Bin Twar Al Kuwari hailed the strong relations between Qatar and Ukraine as the Qatari-Ukrainian Joint Committee met recently, from 31 August until 2 September, in Kiev.
The Ukrainian-Qatari Business Forum was also held earlier in February this year via video conferencing to review prospects for cooperation between the private sectors and the available investment opportunities in both countries.
Al Kuwari also met with the Chairman of Ukraine Chamber of Commerce and Industry Gennadiy Chyzhykov. Both parties reviewed the strengthening of cooperation between Qatari and Ukrainian businesses and the enhanced investment opportunities in both countries.
Al Kuwari stressed the importance of activating the Qatari-Ukrainian business council and its role in underpinning cooperation and streamlining investment procedures from both sides.
Attractive business environment in Qatar
Qatar has succeeded in building an attractive investment environment through facilities and incentives for foreign investors, which allowed 100% ownership as well as exemption from income tax and customs duties on imported machines and equipment.
According to Al Kuwari, Ukrainian companies investing in Qatar can take advantage of the attractive investment climate offered to foreign investors, as well as the opportunities available in various sectors, especially in the service and food security sectors.
Elaborating on the state’s concern in developing the food security sector, Al Kuwari said that Qatar pays special attention to this sector as it is included in the Qatar National Food Security Strategy 2018-2023 and based on four pillars – local production, internal supply chains, international trade and logistics, and strategic storage.
The strategy is aimed at achieving safe self-sufficiency rates and giving the private sector a significant role in investing in the production of agricultural commodities such as vegetables, fish and red meat, or importing food commodities needed by the local market.
This sector offers great opportunities for cooperation as Ukraine can provide the Qatari market with the food supplies it needs.
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