Doha, January 27 (QNA) - HE Minister of Commerce and Industry of the Federal Republic of Somalia, Gamal Mohamed Hassan, called on Qatari business owners to invest in his country, noting that Somalia offers numerous promising investment opportunities across multiple sectors, alongside incentives and facilities provided by the government for foreign investors.

The remarks came during a meeting held Tuesday at Qatar Chamber (QC), which hosted a trade delegation from the Federal Republic of Somalia, headed by the Somali Minister of Commerce and Industry.

During the meeting, the Somali Minister highlighted the country's strategic location in the Horn of Africa, describing it as an important gateway for regional trade.

He also welcomed strengthening cooperation between the private sectors of the two countries through joint projects, investments, and trade partnerships, expressing his hope that QC would promote the investment opportunities available in Somalia among the Qatari business community, as well as enhance communication between both sides to explore these opportunities.

For his part, Second Vice-Chairman of QC, Rashid Al Athba, said the Qatar-Somalia relationship is robust, noting that the QC is ready to support the Somali side in investing in Qatar and to introduce Qatari business owners to the opportunities available in Somalia.

He emphasized that Qatar serves as a hub for a large regional market encompassing many neighboring countries and invited Somali investors to explore investment opportunities in Qatar, which offers world-class infrastructure and leading investment prospects.

Meanwhile, QC Board Member Mohammed bin Ahmed Al Obaidli noted that Qatari business owners are keen to explore opportunities in Somalia, particularly in the sectors of food security, tourism, infrastructure, real estate, banking, and financial technology, among others.

The meeting also reviewed economic and trade relations between Qatar and Somalia, ways to enhance them, as well as potential areas of cooperation between the private sectors of both countries, highlighting key sectors where investors from both sides can collaborate. (QNA)