East Africa is ‘next destination’ for Qatari investments, says Qatar Chamber executive

East Africa is ‘next destination’ for Qatari investments, says Qatar Chamber executive

Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari speaking at the event.

Uganda and other countries in East Africa could be the next destinations for investments from both the Qatar Investment Authority (QIA) and the Qatari private sector, Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari has said.Al-Kuwari is representing the chamber at the ‘East Africa Investment Forum and Trade Exhibition’, which is being held on the sidelines of the ‘19th Non-Aligned Movement (NAM) Summit’ and the ‘G77+ China Summit’ in Kampala, Uganda.Held under the theme ‘Deeper Cooperation in Trade, Tourism, and Investment for Shared Global Affluence’, the forum, which will run until January 18, aims to create opportunities in trade, tourism, investment, and technology transfer.It seeks to promote investment opportunities in key sectors, such as tourism, agri-value addition, mineral beneficiation, oil and gas, information and communication technology (ICT), infrastructure development, real estate, and services. The forum also endeavours to facilitate joint venture partnerships, affordable financing, technology transfer, and market opportunities.Addressing the forum’s inaugural session, al-Kuwari stated that Qatar, Uganda, and the East African region “enjoy close relations that have deepened over time,” noting that this is evident through frequent mutual visits at the leadership level and the number