In a bid to improve South African-Qatar trade, President Cyril Ramaphosa encourages Qatari businesses to explore investment opportunities in his country.
In a meeting with Qatar Chamber and Qatar Businessmen Association officials, South African President Cyril Ramaphosa emphasized the positive partnership between Qatar and South Africa. He invited Qatari businesses to explore diverse investment opportunities in South Africa’s thriving sectors and to further explore South Africa-Qatar trade ties.
Strengthening bilateral relations
President Cyril Ramaphosa lauded Qatar’s role as a positive partner to South Africa, urging Qatari businesses to explore investment avenues. Qatar Chamber and Qatar Businessmen Association (QBA) officials join the discourse, emphasizing the importance of expanding commercial ties.
President Ramaphosa underscored the limitless potential for Qatari investments in South Africa. No obstacles hinder the expansion of commercial relations between the two nations, according to the President. Ramaphosa highlighted opportunities in infrastructure, industry, mining, food processing, and pharmaceuticals.
Qatar trade growth – Robust bilateral relations
First Vice Chairman Mohamed bin Towar al-Kuwari of Qatar Chamber highlighted the robust relationship between Qatar and South Africa, emphasizing significant growth, especially in trade and the economy. In remarks to Qatar News Agency, the Chairman of Qatar Chamber, Sheikh Khalifa bin Jassim Al Thani, noted a great momentum in the economic and trade relations between the State of Qatar and the Republic of South Africa over the past few years, with volume of trade exchange exceeding QR1.66bn in 2022, compared to QR713m in 2019, a growth by 133% in three years; considering South Africa an important trading partner for the State of Qatar.
Mohamed bin Towar al-Kuwari stressed Qatar Chamber’s commitment to strengthening cooperation between Qatari and South African private sectors.
The dialogue between Qatar and South Africa signifies a thriving partnership, with both nations actively promoting investments and fostering economic growth.
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