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Doha: Global investors continue to be optimistic about ‘property financing’ as Qatar plays a significant role in the Middle East and North Africa (MENA) region towards encouraging entrepreneurs, businesspersons.
“I am swamped due to the excellent facilities offered here in the State of Qatar,” said Brijesh Kumar, an investor, who is visiting Doha for the third time for business meetings.
“The high-quality infrastructures and its durability prompted me to invest here. Qatar is regarded as one of the safest places so it’s worth doing business here,” he added.
Investors are excited about opportunities in Qatar, and real estate experts have said the country’s warmth and tourism-friendly nature have boosted the economy by pouring investment and business activities.
Citing experiences of clients, Ahmed Al Khanji, Chief Executive Officer at Hapondo real estate told, The Peninsula that the primary reason people choose to invest in Qatar is the country’s quality of life in addition to the political and economical stability.
Mustapha Mesto, Sales and Leasing Manager at Mirage International Property Consultants, said that infrastructure developments and modern facilities have attracted a majority of the people who come to invest in Qatar.
As the market continues to expand with several foreign firms joining lately, officials state that the country places itself as one of the most important investment and business hubs among the Gulf countries.
Commenting on the rising number of startup companies from the Latin American continent to the GCC market, Rafael Solimeo, Arab-Brazilian Chamber of Commerce (ABCC) Head for the International Office, said: “I believe Qatari investment funds play a decisive role in structuring strategic alliances with Brazilian organisations willing to develop businesses of common interest to Brazil and Qatar, especially in food security, clean energy, and the green economy.”
Leading an organisation to promote economic, social, and cultural development and connecting Brazil and Arab partners, Solimeo outlined that ABCC is prepared to meet and “discuss specific initiatives” with the Qatari government and entities.
“Qatari companies and investment funds already have a very relevant presence in Brazil. Qatar Holdings, for instance, invests in influential Brazilian companies and even the country’s biggest airline, Latam Airlines. Qatar Investment Authority has stakes in Brazil’s fifth-largest private bank, Santander.”
He said Qatar Airways is also a key partner that enables the South American countries and Qatar to engage in stakes in the Brazilian aerospace chain. He explained that Centrais Elétricas de Sergipe, a Brazilian energy company, has regular natural gas supply contracts with Qatar.
Pointing out the vital need for investments to implement and maintain the multilateral ties between both countries, Solimeo said: “Evidently, we want Qatari companies to continue investing in Brazil, but our work as a chamber of commerce has prioritised efforts in the opposite direction because we believe trade and investment flows must be balanced on both sides of the bilateral relationship.”
Potential companies in the recent past have visited Qatar seeking a plethora of opportunities in the GCC market.
With a wide range of trade activities still in progress, Brazilian startups are kicking off their international launches, especially towards the Arab market for higher investment and business deals in the market. “In a country with an enormous internal market, like Brazil’s, internationalisation processes tend to be slower and more cautious than those in smaller countries with fewer consumers,” he said.
“Even so, we have made substantial progress, evidenced by the examples we already know of Piccadilly in Qatar, a country that, for the Arab Brazilian Chamber of Commerce, is a priority market in the Gulf.”
According to Invest Qatar, this year’s Foreign Direct Investments (FDI) are expected to achieve the “strongest investment momentum score” in the country with the surging tourism sector and countless trade opportunities.
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