President Bhandari pitches Nepal to Qatari investors, companies


Nov 1, 2018-

President Bidya Devi Bhandari has said favourable labour relations, easy availability of economically viable and manpower, internal market of nearly 30 million population, large markets in the neighbourhood, diverse legal and institutional provisions make Nepal an attractive and secure destination for investment.

Speaking at the Nepal-Qatar Business Forum in Doha on Tuesday, President Bhandari urged Qatari investors to take maximum benefits by investing with full confidence in Nepal’s economy in sectors such as tourism, energy, agriculture, infrastructure and manufacturing industries.

“The investment you make in Nepal will give you high returns and the Government of Nepal will guarantee the repatriation of the return from your investment in our country,” President Bhandari told the forum.

President Bhandari arrived here on Monday on a four-day official visit at the friendly invitation of The Emir of Qatar Sheikh Tamim bin Hamad Al-Thani.

Calling upon all the businesspersons and investors from Qatar to invest in Nepal, the President said there are examples of good returns from the investments made in Nepal by multinational companies. Return from investment in tourism-related infrastructures is guaranteed, she said.

Citing the signing of a Memorandum of Understanding to promote partnerships between the two countries in agriculture, livestock farming and meat production earlier today, President Bhandari said Qatari businesspersons could make investments in organic farming in Nepal and export its products to Qatar for consumption or supply them easily to the world market. Due to the diversity in Nepal’s topography, organic farming, livestock farming and meat production have good prospects for export.

There is also a huge potential of exporting clean drinking water from the Himalayas of Nepal, she added.

President Bhandari said political and economic relations between Nepal and Qatar have grown from strength to strength during the forty years of diplomatic ties between the two countries. These have expanded not only on labour front, but also in business, trade, technology and tourism.

Qatar continues to remain an attractive labour destination for Nepali workers, with a large Nepali community engaged in various occupations, professions, businesses and trade in the country.

“Therefore, I appeal to all members of Nepali and Qatari business communities present here to work for the mutual interests of both countries by utilizing this business connection,” the President said.

Also addressing the programme, Chief Executive Officer of Investment Board of Nepal Maha Prasad Adhikari, President of Federation of Nepalese Chambers of Commerce and Industry, Ex-president of Confederation of Nepalese Industries Hari Sharma appealed to industrialists and businesspersons in Qatar to invest in Nepal.

Published: 01-11-2018 07:15

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