President of Federation of Nepalese Chambers of Commerce to QNA: We Look Forward to Learning from Qatar’s Experience in Building Strong, Resilient Economy

Kathmandu: HE the President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal praised Qatar's experience in developing its various economic sectors and building a strong and resilient economy to become one of the world's leading economies, thanks to its wise and inspirational leadership, emphasizing Nepal's keenness to benefit from this experience. In an interview with Qatar News Agency , His Excellency said: "I believe we as a nation can learn from the way HH the Amir Sheikh Tamim bin Hamad Al-Thani has been leading Qatar to becoming one of the important economies in the world." "We are highly impressed with the development that has taken place in Qatar. Qatar has been marching ahead in all areas of economic and social development. The fact that Qatar has been hosting major global events, including the FIFA World Cup, so successfully speaks volumes of what the country has achieved in the recent past. The whole world is impressed by the resiliency and capacity to d evelop a country even during difficult times," he added. His Excellency noted that HH the Amir's visit to Nepal provides an opportunity to develop existing relations and enhance bilateral cooperation, as well as learn more about this economic experience. It will also highlight that Nepal is a safe and pleasant destination to travel and invest in, in addition to encouraging the relationship between the private sectors of the two countries. He added that the visit will add more significance to the already existing relationship between the private sectors of Nepal and Qatar. HE the President of FNCCI Chandra Prasad Dhakal said that there is a desire to renew the MoU between Qatar Chamber and FNCCI, signed in 2005, and establish Joint Business Council to open up more avenues for joint trade and investment. He also spoke about existing trade relations with the Qatari private sector and Qatar Chamber, which witnessed development in light of the signed MoU. He pointed out that numerous meetings, trade promotion events and workshops were held in collaboration with Qatari businesses. He explained that fruitful meetings between the Chambers of both countries were held, revolving around how investment could be made in Nepal by Qatari businesses and how Nepali businesses could look to increase exports to Qatar. "Over the past few years, I have had interactions with Qatari business people and I see a lot of potential in Qatar. The doing business climate in Qatar has been an attraction for investors across the globe and Qatar has become an investment hub for global players," he added. He also touched upon investment opportunities available in his country, saying: "Thanks to the strong and stable external sector and continuous reforms, Nepal is well-placed for investment in many sectors." He noted that the government is in the process of amending laws and regulations to attract foreign investment. He highlighted the importance of various investment sectors available, including untapped ones that the Qatari private secto r can benefit from. These sectors include tourism infrastructure, hydroelectricity, medical infrastructure, ICT, skill development, agro-processing, and other profitable sectors, he explained. HE Chandra Prasad Dhakal emphasized the importance of tourism sector in his country, given Nepal's strategic location and its tourism assets, especially its breathtaking natural scenery and the world's highest mountain peaks. He affirmed the significant success of some projects initiated in this sector, such as resorts, hotels, amusement parks, cable cars, and others. HE the President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal concluded his statement to QNA by stressing that the private sector of Nepal is very vibrant and they plan on doing more to enhance the relationship with Qatar, in order to attract more investments and enhance trade exchange to serve mutual interests and goals. Source: Qatar News Agency