Ambassador of the Republic of Angola to Qatar, H E António Coelho Ramos da Cruz along with other officials witnessing the MoU signing by Second Vice-Chairman of Qatar Chamber, Rashid bin Hamad Al Athba, and President of the Angola Chamber of Commerce, and Industry, Eng. Vicente Soares.
Doha: Qatar Chamber (QC) hosted yesterday, the Qatar-Angola Business Meeting, bringing together key officials and business leaders to explore avenues for enhancing bilateral trade and investment ties.
The meeting was headed by Rashid bin Hamad Al Athba, Second Vice-Chairman of Qatar Chamber, and Eng. Vicente Soares, President of the Angola Chamber of Commerce, and Industry.
Also present were QC board members Abdulla Al Emadi, Mohamed bin Ahmed Al Obaidli, and Dr Mohamed bin Jawhar Al Mohamed, alongside H E António Coelho Ramos da Cruz, Ambassador of the Republic of Angola to Qatar, and many business representatives from both countries.
On the sidelines of the meeting, both sides signed a memorandum of understanding (MoU) to strengthen cooperation and coordination between the Qatari and Angolan private sectors.
The agreement was signed by Rashid bin Hamad Al Athba and Eng. Vicente Soares, President of the Angola Chamber.
The MoU aims to facilitate the exchange of economic information, particularly regarding foreign trade, production, and export opportunities for businesses in both countries.
It also aims to promotes cooperation in exhibitions, exchange visits, and hosting regular meetings for representatives from both sides to explore and develop new avenues for economic and investment partnership.
In his remarks, Rashid bin Hamad Al Athba said that despite the distinguished relations between Qatar and Angola, their trade volume remains below expectations.
He noted that trade between the two countries amounted to QR42m in 2023 and QR25m until November 2024, emphasizing the importance of activating the private sector’s role to enhance trade and economic cooperation between the two nations.
He also indicated that the meeting represented a valuable opportunity to strengthen cooperation between the business sectors of both countries.
He highlighted that the signed MoU would open new avenues for economic and investment partnerships.
He also emphasized the potential to establish a joint business council, which would further enhance collaboration, facilitate trade exchange, and create new opportunities for businesses in both Qatar and Angola.
Al Athba emphasized that the areas of cooperation and partnership between the two countries are numerous and diverse, pointing out that Angola is an African economic success story and a leading investment destination.
He also highlighted that Angola has made significant strides in building a prosperous and developed economy, offering various investment incentives that attract foreign investments.
