The Mozambican private sector, which is on a business mission in the city of Doha, Qatar, presented investment opportunities in various sectors, especially agriculture, industry, transport, logistics, labour recruitment, communication, trade and services and tourism, during a meeting with businesspeople from that Arab country.
In his speech, the Mozambican President of the Confederation of Economic Associations (CTA), Agostinho Vuma, pointed out that the country has a favourable business environment, noting that the country’s industrial parks have already attracted and absorbed more than 2 billion dollars in investment, and that there are trained and qualified professionals to work on many projects.
‘There are opportunities for investment and the export of agricultural products. Mozambique has cheap and competitive conditions (land and water) to produce and supply organic products in a short space of time,’ he said during the Qatar-Mozambique Business and Investment Forum.
In this regard, Vuma said that the CTA and the Qatar Chamber of Commerce and Industry (QCCI) will work together to promote the interests of local companies and sign agreements to realise joint projects between institutions in both countries.
‘Imports of agricultural products from Qatar are estimated at more than 2.9 billion dollars, and these figures show that there is a large market in this Arab country for the supply of various agricultural products. Mozambique already exports bananas, macadamia nuts, beans, alfalfa, citrus fruits, pulses and oilseeds, all organic.
Production capacity can be increased through joint investments,’ he said.
Agostinho Vuma also said that the tourism and real estate sectors have opportunities estimated at 100 million dollars, so ‘we want to discuss how business can be materialised and maximised’.
In addition to the Business and Investment Forum, business meetings and visits to companies are planned, in particular BALADNA, which is Qatar’s largest food and dairy producer, supplying more than 95 per cent of the country’s fresh dairy products.
A visit is also planned to the Qatar Financial Centre (QFC), a business and financial centre that provides legal and regulatory services to local and international companies. Some companies in the energy, transport and logistics sectors will also be visited.
The business mission, which began on 14 September, was organised by the CTA, in partnership with the Mozambican Embassy in Qatar, the Mozambican Investment and Export Promotion Agency (APIEX), the QCCI and the QFC.
