Several Qatari businessmen are interested to invest in the Philippines after being impressed by the ideal business climate and political stability under President Duterte’s watch.
The renewed investor interest and confidence comes amid plans of the Philippines and Qatar to forge an agreement on the promotion of trade and investments during the President’s visit in Doha, Qatar this weekend.
President Duterte arrived in Doha to hold bilateral talks with Emir Sheikh Tamim bin Hamad Al Thani as well as attract more investors during an assembly with Qatari business community.
“We are looking forward to the signing of a bilateral agreement on the promotion and protection of investments. If inked during the visit of the President, it is expected to open a lot of investments in the Philippines because the Qatar government wants to diversify their investment to other places,”
Philippine Ambassador Alan Timbayan said.
“They are looking to the Philippines as a good place where to place their investment,” he added.
Ahead of the President’s visit, Timbayan said the investment roadshow conducted by Philippine Economic Zone Authority director general Charito Plaza in Doha last February already yielded positive results.
He said Plaza has “received pledges of investments in the Philippines from various individuals and companies interested in doing business in the Philippines.”
The business interest was sparked after Plaza presented the lucrative investment opportunities in the country while highlighting the “stability of the country to do more business” as well as “stability of the Duterte administration and zero tolerance for corruption,” according to Timbayan.
The priority sectors for investment promotion to Qatar are information technology, business process management, energy, agribusiness, infrastructure, and tourism.
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