Tajikistan’s Minister of Economic Development and Trade, Zavqi Zavqizoda, invited Qatari Businessmen Association (QBA) to invest in Tajikistan’s various sectors during a meeting held yesterday in Doha.
The meeting, which was held in the presence of Tajikistan ambassador Khosrow Sahibzadeh, was attended QBA Chairman HE Sheikh Faisal bin Qassim al-Thani and QBA members Sheikh Faisal bin Fahad al-Thani and Ihsan al-Khiyami, in addition to Sarah Abdullah, deputy general manager.
During the meeting, the two sides discussed the need to enhance trade and investment co-operation between Qatar and Tajikistan.
The minister also invited QBA to study the potential investment opportunities in the fields of hydroelectric energy, agriculture, textiles, tourism, and clean energy.
Sheikh Faisal stressed that Qatar is working hard to enhance joint co-operation between the two countries, adding that the Qatari private sector invests in different international markets.
Zavqizoda said Qatar is developing significantly and remarkably, as he expressed admiration for the world-class infrastructure in Qatar. The minister said energy is a significant sector in Tajikistan, particularly clean and green energy.
With funding from the World Bank estimated at $1bn, he said work is being done to increase Tajikistan’s electricity production.
Zavqizoda said Tajikistan has fertile lands, fresh water, and organic agricultural products, through which it is possible to invest in projects related to the food industry and build centres for collecting and packaging agricultural crops for export to Qatar and other countries. He said Tajikistan is one of the most important producers of cotton at about half a million tonnes annually.
He also encouraged QBA members to invest in mega projects in the field of tourism.
Sheikh Faisal expressed his readiness to take a business delegation to Tajikistan after the holy month of Ramadan.
He said the delegation will explore and study key projects, as well as the possibility of establishing a mutual investment fund for investments in the Tajikistan market.