Kenya woos Qatari investors in manufacturing sector

0 Comment(s)Print E-mail Xinhua, January 31, 2020
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NAIROBI, Jan. 30 (Xinhua) -- Kenya on Thursday called on Qatari investors to establish a presence in the country's manufacturing sector.

Pius Rotich, general manager of Kenya Investment Authority (KenInvest) told a trade forum in Nairobi that Kenya is prioritizing the industrial sector because of its huge transformative effect on the economy.

"Kenya has put in place a number of policy and tax incentives that will make it attractive for Qatari investors to set up manufacturing plants to produce goods for local and export markets," Rotich said during the Qatar Development Bank-Kenya Matchmaking event.

The day-long conference provided a platform for 20 Qatari companies to meet their Kenyan counterparts.

Rotich said that Kenya is an ideal base for industrial production because of the number of trade agreements it has signed with the rest of the world that allow locally produced goods to access foreign markets at preferential rates.

He said that Qatar is among Kenya's target sources for foreign direct investment due to the cordial relations between the two countries.

Jaber bin Ali Al Dosari, Qatar ambassador to Kenya, said that Kenya is an attractive investment destination because it is a gateway into East African markets.

He noted that Qatari investors are also keen to establish joint ventures with Kenyan partners in order to ensure the bilateral relations mutually beneficial for both countries. Enditem

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