Invest Qatar strikes MoU with ProColombia

Invest Qatar strikes MoU with ProColombia
Image Via: QNA | Cropped by GBN
By News Desk, GCC Business News

Invest Qatar has entered into a partnership with ProColombia, the national agency responsible for promoting tourism and foreign investment in Colombia, to enhance economic ties and foster bilateral trade and investment relations between the State of Qatar and the Republic of Colombia.

Under this partnership, ProColombia will develop its first office in the Gulf Cooperation Council (GCC) region, which is set to be located in Invest Qatar’s Headquarters in Doha. This will cement Qatar’s position as a key gateway for Colombian businesses to access new opportunities across the region.

The office will serve as a key business hub, connecting Colombian businesses with Qatari counterparts and potential partners across the region, enabling them to access investment opportunities and further expand their business.

The partnership, announced during the Colombian President Gustavo Petro’s visit to Doha, was signed by H.H Sheikh Ali Alwaleed Al-Thani, CEO of Invest Qatar, and Carmen Caballero Villa, President of ProColombia.

The agreement facilitates information exchange on investment opportunities between the two countries. Additionally, it establishes the framework for cooperation, including joint advisory services, training programs, investor missions and participation in events and exhibitions.

Invest Qatar strikes MoU with ProColombia
Sheikh Ali Alwaleed Al-Thani
CEO – Invest Qatar

“We are pleased to partner with ProColombia on this significant milestone. This agreement is testament to our shared vision of fostering a conducive environment for investment and business growth. By deepening ProColombia’s presence in Qatar and creating avenues for collaboration, we are unlocking new business opportunities that will generate mutual benefits. We look forward to working together to further strengthen economic ties between our two countries.”

Carmen Caballero Villa added that, “ProColombia is proud to count on Invest Qatar as a strategic partner for the promotion of ‘Colombia, the country of beauty’ and to increase the presence of our non-mining goods exports, to attract more foreign investment to our country and to show how spectacular tourism is in Colombia. This MoU represents a strategic opportunity to strengthen cooperation, consolidate key alliances and identify new opportunities for growth and access for both countries.”

This partnership falls in line with Qatar’s vision to emerge as a global investment hub, as outlined in the Qatar National Vision 2030. It also highlights the growing economic ties between Qatar and Colombia, particularly as 2025 marks the 30th anniversary of diplomatic relations between the two nations.

Over the years, Qatar and Colombia have strengthened cooperation across crucial sectors, such as tourism, air services, ports and sports among others. To further enhance trade and investment ties, both countries have also agreed to establish a dialogue between Colombia’s National Tax and Customs Authority (DIAN) and its Qatari counterpart to bolster cooperation in taxation and customs matters.

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