Qatar Chamber Engages in Arab-African Investment Conference in Cairo

The Qatar Chamber has commenced its participation in the 28th Arab-African Investment and International Cooperation Conference in Cairo. The event, which opened on Sunday, focuses on economic integration and opportunities for international partnerships across Arab and African nations.

Key Highlights of the Conference

Representing the Chamber, Mohammed bin Ahmed Al Obaidly, who serves on the Board and chairs the Food Security and Environment Committee, highlighted the event’s significance as a strategic platform for fostering joint investments. The conference is held under the patronage of the League of Arab States and aims to facilitate cooperation between economic leaders, experts, policymakers, and investors from the Arab region, Africa, and beyond.

Speaking on the sidelines, Al Obaidly noted that the conference occurs at a pivotal time for economic momentum in both regions. He emphasized the necessity for enhanced collaboration and the establishment of effective public-private partnerships to advance mutual interests.

Qatar’s Commitment to Economic Growth

Al Obaidly identified industry and investment as crucial engines driving modern economies and essential pillars for sustainable growth. He stressed their strategic importance in overcoming global economic challenges, diversifying economies, and generating job opportunities.

He further underscored Qatar’s commitment to these sectors through its National Vision 2030, which seeks to develop a sustainable and diversified economy that relies less on hydrocarbons. Al Obaidly pointed to the development of advanced industrial and free zones, alongside world-class infrastructure and investor-friendly policies.

These policies include incentives for full ownership, streamlined administrative procedures, and extensive support for small and medium-sized enterprises (SMEs). Al Obaidly asserted that Qatar’s private sector plays a vital role in driving industrial and investment development, with local companies significantly contributing to the national production base and engaging in strategic projects both domestically and internationally.

Concluding his remarks, Al Obaidly emphasized the role of the Qatar Chamber in facilitating industrial investments, fostering partnerships between Qatari and international business leaders, and promoting initiatives that enhance the business climate to attract further investment.