Investments

Qatar, Malta: Promising prospects for cooperation, financial tasks, joint investments

President of the Republic of Malta H E George Vella and the accompanying delegation visiting the Nationwide Museum of Qatar (NMoQ), yesterday.

Inside the framework of Qatar’s endeavor to search out new, fruitful partnerships and consolidate good relations with varied nations, HE the President of the Republic of Malta George Vella will start an official go to to the nation.

Amir H H Sheikh Tamim bin Hamad Al Thani will meet H E the President of Malta on the Amiri Diwan at present to debate bilateral relations between the 2 nations and methods to assist and develop them, along with reviewing quite a lot of problems with widespread curiosity.

The go to and discussions are anticipated to contribute to supporting and growing relations between Doha and Valletta and transferring them to new and superior ranges of cooperation and coordination within the political, financial, business, funding fields and different sectors. The State of Qatar and the Republic of Malta have sturdy and long-term pleasant relations. The State of Qatar’s determination to open an embassy within the Republic of Malta on Nov. 20, 2013 contributed to strengthening the prevailing relations between the 2 nations in varied fields. There are numerous indicators and optimistic developments that promise additional growth of cooperation between the 2 nations with a purpose to obtain widespread pursuits and aspirations.

The mutual visits between the 2 pleasant nations contributed to the continual improvement of bilateral relations. Probably the most outstanding of those visits are the go to of the Father Amir H H Sheikh Hamad bin Khalifa Al-Thani to the Republic of Malta in 2012, the go to of former President H E George Abela in August 2009, and the go to of former Prime Minister of Malta H E Dr. Lawrence Gonzi to Doha in April 2010.

Qatari-Maltese relations are primarily based on the rules of mutual respect and customary pursuits. These relations are witnessing nice improvement in varied fields and are continuously rising because of the need and customary political will, along with the keenness of each side to develop them for the good thing about the 2 nations and their peoples. This comes at a time when the 2 sides are searching for to discover funding alternatives, particularly after the COVID-19 pandemic receded. Qatar and Malta share visions relating to many present information and points, and imagine within the necessity of fixing all disputes and issues between states or inside a single state by peaceable means and thru dialogue and neutral mediation.

Qatari-Maltese relations regulate a set of agreements and memoranda of understanding within the political, financial, instructional, cultural, funding and air transport fields, along with cooperation and information change, youth and sports activities, mutual safety of funding, earnings taxes and exemption from visa necessities for holders of diplomatic and particular passports and combating illicit trafficking in narcotics, psychotropic substances and arranged crime. Moreover, there’s an settlement to ascertain a businessmen council between the Qatar Chamber of Commerce and Business and the Malta Chamber of Commerce.

Maltese political and business delegations go to Doha constantly to debate the event of relations between Doha and Valletta in varied fields. On this context, in March 2017, a business delegation from the Maltese international commerce group visited Doha and quite a lot of Maltese corporations working within the fields of banking, schooling, info know-how, contracting and actual property.

Qatar Chamber additionally hosted the Maltese delegation, which gave a presentation on probably the most outstanding funding alternatives out there within the outstanding sectors in Malta, together with meals and drinks, software program, schooling and coaching. It additionally launched the Maltese international commerce group, which was established in joint cooperation between the Authorities of Malta and the Malta Chamber of Commerce to assist Maltese corporations develop their industries and merchandise and guarantee their entry to international markets.

First Vice-Chairperson of Qatar Chamber Mohamed bin Ahmed Twar Al Kuwari mentioned that the time is correct to extend cooperation between the non-public sectors of the 2 nations, particularly for the reason that two sides take pleasure in stimulating funding alternatives, expressing his hope that the Maltese market will witness Qatari investments.

The Qatari Businessmen Affiliation (QBA) additionally organized a symposium referred to as ‘Qatar-Malta Enterprise’, in cooperation with the Chamber of Commerce of the Republic of Malta, to debate prospects for joint cooperation and mechanisms for enhancing communication between businesspersons from the 2 nations to enter into partnerships that promote financial diversification mechanisms for Qatar and Malta.

In his speech on the opening of the symposium, HE Chairperson of QBA Sheikh Faisal bin Qassim Al-Thani mentioned that this assembly comes within the context of transferring relations between Qatar and Malta to greater ranges of cooperation, in order that channels of communication are opened with businesspersons in Malta to establish funding alternatives on the bottom to serve the pursuits of each nations.

Through the symposium, Malta Enterprise Chief Operations Officer Marika Tonna gave an summary of the Enterprise’s position as Malta’s financial improvement company tasked with attracting new international direct funding in addition to facilitating the expansion of present operations.

She defined that the Enterprise acts as an advisor to the federal government, particularly with regard to financial coverage, as a consequence of its sturdy relations with financial authorities in Malta and overseas. Malta Enterprise can also be a nationwide level of contact with the European community of corporations, as international corporations working in Malta can type networks with corporations in additional than 60 different nations, she added.

Malta is positioned in the course of the Mediterranean between Europe and Africa. It consists of three inhabited islands: Malta, Gozo and Comino. It represents an vital maritime commerce line. The overall space of the island is 246 km2 with a inhabitants of about half one million folks.

Malta is positioned in the course of the Mediterranean Sea between the continents of Europe and Africa, consisting of three inhabited islands, specifically Malta, Gozo and Comino, and it represents an vital maritime commerce line, with a inhabitants of about half one million folks.

Malta can also be wealthy in monuments and historic websites. It witnessed 200 civilizations all through the ages, and it was mentioned that strolling in its cities and cities is sort of a journey by time, from prehistoric period to the current period.

 

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