Qatari investors eager to invest in Nepal

Kathmandu, Oct. 3

Qatari investors are looking for investment opportunities in Nepal especially in the areas of Information Technology, pharmaceutical industry, banking and financial services, hydropower and tourism, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed on Thursday.

"Investors here are looking for investment opportunities in Nepal. We will encourage more investors," said Khalifa bin Jassim bin Mohammed Al-Thani, Chairman of the Qatar Chamber of Commerce, at the first meeting of the Nepal-Qatar Business Council held in Doha on Wednesday.

The meeting between Chairman Thani and a delegation of the FNCCI led by its President Chandra Prasad Dhakal discussed issues related to expanding economic relations between the two countries.

During the state visit of Qatari Emir Tamim bin Hamad bin Khalifa Al Thani to Nepal on April 23 and 24 this year, an agreement was signed to establish a Business Council between the FNCCI and the Qatar Chamber.

In the first-ever meeting at the chairman level of the Council, FNCCI President Dhakal and Qatar Chamber Chairman Thani agreed to appoint members under their respective leadership to complete the Council soon. Dhakal also proposed organising a Qatar-Nepal Business Summit in Nepal. There was an agreement in the meeting to organise the programme next year, read the statement.

During the meeting, FNCCI President Dhakal stated that Nepal has external sector stability and that the reforms made in the laws have created investment opportunities. He also invited Qatari investors to invest in hydropower, tourism, information technology, and skill development in Nepal, where there are ample opportunities. Similarly, Dhakal also participated as a representative of the private sector of Nepal in the Asian Cooperation Dialogue organised by the Qatari government.                                       

 Published in The Rising Nepal daily on 4 October 2024.