Qatar’s QBA signs MoU with South African Chamber to boost trade ties

Qatar’s QBA signs MoU with South African Chamber to boost trade ties

The Qatari Businessmen Association (QBA) has signed a memorandum of understanding (MoU) with the South African Chamber of Commerce and Industry (SACCI) in order to improve trade cooperation and mutual investments between the countries.

According to the statement, the MoU aims to strengthen economic and trade relations, as well as cooperation in investment issues, introduce investment projects and available opportunities, stimulate Qatari-South African investments, and create a healthy business environment to promote development of commercial and industrial activities.

The agreement also intends to strengthen direct links between entrepreneurs in both countries, organize periodic meetings, exchange visits to present potential joint projects.

Further, it aims to exchange experiences and information related to attracting investors in both countries through investment incentives and promotion mechanisms, which would enhance and support joint economic development.

Adv. Mtho Xulu

President – SACCI “South Africa’s economy witnessed growth despite the pandemic and launched a huge infrastructure program, which opens many promising opportunities for investors in the construction and engineering services sectors, and huge potential in the energy sector as South Africa seeks to produce about 11,800 additional megawatts of electricity, where Qatari investors could participate in these programs. There are many opportunities in Qatar for South African investors, such as in the