Central African President welcomes Qatari investments in his country

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Qatar News Agency | 23 November 2011

President of the Central African Republic Francois Bozize Yangouvonda said Tuesday that Qatar's public and private sectors should look to invest in the country.

Speaking to Qatar News Agency (QNA) today, Yangouvonda who is now visiting Qatar said that there are a number of investment fields in his country such as agricultural, cattle breeding, tourism and mineral resources. The last field in particular, he said, is still largely under-developed.

Yangouvonda praised the renaissance the State of Qatar is passing through at the moment highlighting meantime HH the Emir Sheikh Hamad bin Khalifa Al Thani for his highness' tireless and tangible efforts to achieve the well-being and welfare of the Qatari people.

He said the meeting he held with HH the Emir yesterday turned to enforcing bilateral relations in fields such as tourism, agriculture and mineral resources.

C. African President Meets Representatives of QCCI, Diyar & Hassad Companies

President of the Central African Republic Francois Bozize Yangouvonda on Tuesday met separately here with each of representatives of Qatar Chamber of Commerce and Industry (QCCI) and Qatari Diar Real Estate Investment Company and Hassad Food Company.

The Central African President said during his meeting with QCCI representatives that the Qatari public and private sectors should invest in the central republican republic noting that there are a number of investment fields in his country such as agricultural, livestock, tourism and mineral resources. Central Africa is also rich in mineral wealth such diamond, gold and oil which have not yet been explored through modern technological methods, he said.

In his encounter with the QCCI representatives president Francois Bozize Yangouvonda touched on the difficulties central Africa suffers from such as air and land transport due to the unavailability of nearby land and sea outlets to his country and therefore he offered to provide the Qatari businessmen with all necessary facilities for their investment activities in the country.

For his part, the QCCI Deputy Board Chairman Mohamed Bin Ahmed Bin Tuwar expressed the chamber's preparedness to explore the investment opportunities in mining field to explore for diamond and uranium in addition to the tourist opportunities in the Central African Republic.

The QCCI, Bin Tuwar said, is considering prospects of setting up a company to work for investment in mines there. President of the Central African Republic Francois Bozize Yangouvonda meanwhile met with Hassad Food company board chairman Nasser bin Mohamed Al Hajri and spoke about the investment opportunities available in his country in agriculture field including cotton and coffee and other harvests.

The central African president all called upon the Hassad company to explore the investment opportunities available in the agricultural field noting that his country does not place strict laws before the investors in this sector and expressed his country's complete preparedness to provide all facilities to boost the external agricultural investment in central Africa.

Mohamed Al Hajri on his turn briefed the central African president on the Hassad food company's modus operandi and spoke about prospects of considering the investment opportunities in central Africa and the possibility of sending a team of experts and specialists from the said company to study the situation there.

It is worth to mention that Hassad Food, owned by Qatar's sovereign wealth fund, will buck the Gulf trend of buying farmland abroad to secure food supplies and consider taking stakes in agricultural companies instead.
The central African president has earlier conferred with the executive chief of Qatari Diar Real Estate Investment Company Mohamed Bin Ali Al-Hadfa on the investment opportunities available in central Africa especially in real estate and communication fields.
Original source: QNA
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