Doha: Qatar Chamber has underscored the importance of strengthening the role of the private sector in boosting trade and investment ties between Qatar and Morocco, with a particular focus on renewable energy.
According to Qatar News Agency, the remarks came during a meeting between First Vice Chairman of the Qatar Chamber, Mohamed bin Ahmed bin Twar Al Kuwari, and a delegation from the National Federation of Electricity, Electronics and Renewable Energy (FENELEC) of the Kingdom of Morocco, headed by President of the Federation Ali Al Harithi.
The meeting discussed ways to strengthen trade and economic cooperation between Qatar and Morocco, enhance collaboration between the Qatar Chamber and FENELEC, and promote the role of the private sector in stimulating trade and investment exchange.
In his remarks, Mohamed bin Twar affirmed that the Qatari business community is keen to learn about the investment opportunities available in Morocco, establish economic partnerships with Moroccan companies, and benefit from the advantages and incentives that Morocco offers to investors.
He noted that the trade exchange between the two countries amounted to about QR 988 million in 2024, highlighting the mutual desire to increase this trade through the establishment of effective partnerships and business alliances. He reaffirmed the Qatar Chamber’s support for all efforts aimed at strengthening cooperation between the Qatari and Moroccan private sectors, as well as its encouragement and support for Moroccan investors seeking to enter the Qatari market.
In turn, Ali Al Harthi praised the deep, fraternal relations between Qatar and Morocco at all levels and the importance of strengthening trade ties, particularly between the private sectors of both countries. He noted that Qatar possesses significant capabilities that encourage Moroccan companies to invest in the Qatari market. He further indicated that the Moroccan market is competitive and serves as a gateway to the African continent, welcoming Qatari investments.
Al Harthi invited Qatari companies to explore investment opportunities in Morocco’s electricity, electronics, and renewable energy sectors, whether through partnerships with Moroccan firms or within the framework of public-private partnerships.
He explained that the battery industry is among the leading sectors in Morocco, with exports to European, American, and African markets.
For his part, Rashid bin Hamad Al Athba stressed the importance of Qatari-Moroccan trade partnerships and reaffirmed the Chamber’s support for the establishment and expansion of these alliances, highlighting the pivotal role of the Qatari-Moroccan Business Council in developing trade relations between the two countries.