Ro­ma­nia of­fers Qatar in­vest­ment op­por­tu­ni­ties in 21 projects

Gulf Times Business - - FRONT PAGE - By Peter Ala­gos Busi­ness Re­porter

Qatar may se­lect from a range of in­vest­ment op­por­tu­ni­ties in Ro­ma­nia in 21 “promis­ing projects” in the fields of trans­port, health, tourism, agri­cul­ture, and en­ergy, ac­cord­ing to Prime Min­is­ter Vasil­ica Vior­ica Dan­cila.

Dan­cila made the an­nounce­ment dur­ing a high-level meet­ing with Qatar Cham­ber of­fi­cials led by first vice chair­man Mo­hamed bin Towar al-Kuwari yes­ter­day at Sher­a­ton Grand Doha Re­sort & Con­ven­tion Ho­tel.

Cit­ing the ma­jor role of both coun­tries’ pri­vate sec­tors, Dan­cila said the “strate­gic projects” are be­ing of­fered in Ro­ma­nia for the first time and will be com­pleted un­der a pub­lic-pri­vate part­ner­ship (PPP) pro­gramme

In a speech dur­ing the meet­ing, Dan­cila ex­pressed Ro­ma­nia’s keen in­ter­est to en­hance trade and in­vest­ment ac­tiv­i­ties be­tween Qatar and Ro­ma­nia, even as she lauded both coun­tries’ bi­lat­eral re­la­tions.

The prime min­is­ter also stressed the need to boost trade ex­change be­tween Qatar and Ro­ma­nia, adding that the meet­ings held with Qatari of­fi­cials dur­ing her visit “would pave the way for a new chap­ter of ac­ti­vat­ing co-op­er­a­tive re­la­tions be­tween both coun­tries.”

Dan­cila also as­sured Ro­ma­nia’s com­mit­ment to pro­vid­ing Qatari in­vestors ac­cess to li­cences for po­ten­tial projects, which would get spe­cial guar­an­tees from the Ro­ma­nian gov­ern­ment.

“I am en­cour­ag­ing Qatari in­vestors to visit Ro­ma­nia to ex­plore these projects, the in­vest­ment op­por­tu­ni­ties, and our coun­try’s in­vest­ment cli­mate. We hope to part­ner with Qatari in­vestors to un­der­take projects in Ro­ma­nia,” Dan­cila said, adding that Ro­ma­nia had im­ple­mented le­gal and leg­isla­tive re­forms to ease do­ing busi­ness, in­clud­ing a new PPP law.

Al-Kuwari said trade vol­ume be­tween Qatar and Ro­ma­nia stood at around $71mn in 2017, and stressed for the need for stronger pri­vate sec­tor co-op­er­a­tion and to ac­ti­vate more joint ven­tures in the busi­ness com­mu­nity.

The Qatar Cham­ber of­fi­cial also called for more part­ner­ships and in­vest­ment al­liances be­tween Qatar-Ro­ma­nia pri­vate sec­tors “to push for­ward bi­lat­eral trade.” Al-Kuwari said there are about 50 Qatari-Ro­ma­nian joint com­pa­nies op-

er­at­ing in the Qatari mar­ket. Al-Kuwari lauded Qatar’s “bal­anced eco­nomic poli­cies and distin­guished re­la­tions” with the in­ter­na­tional com­mu­nity, which al­lowed the coun­try to over­come the June 2017 eco­nomic block­ade.

He stressed that Qatar “pro­fes­sion­ally man­aged the cri­sis” and had launched di­rect sea routes link­ing the Hamad Port with many ports world­wide to main­tain ex­port and im­port ac­tiv­i­ties, which pre­vented any im­pact on the do­mes­tic mar­ket.

“These mea­sures have en­abled us to con­tain the un­just siege and over­come its ef­fects in a short pe­riod of time. It has be­come a cat­a­lyst for en­cour­ag­ing busi­ness­men to in­vest in the in­dus­trial sec­tor, of­fer­ing in­dus­trial in­vest­ment op­por­tu­ni­ties in many sec­tors in which Ro­ma­nian com­pa­nies can also in­vest,” al-Kuwari stressed.

PIC­TURE: Jayan Orma

Al-Kuwari and Dan­cila at a meet­ing in Doha yes­ter­day.

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