Some of the world’s best agro-products, including fruits and vegetables grown in the North Caucasus region, are expected to hit the Qatari market very soon as the visiting President of the Russian Republic of Ingushetia, Yunus-bek Yevkurov, and members of his accompanying delegation held a meeting with Qatari businessmen yesterday.
The President, during his meeting, invited the Qatari businessmen to invest in some of the most promising sectors of Ingushetia’s fast-growing economy, especially agriculture and tourism sectors.
Ingushetia, located in the North Caucasus economic region, is the smallest and youngest republic within the Russian Federation, having only achieved this status around twenty-five years ago. It sits closed to Georgia and Chechnya.
The meeting was held in collaboration with Qatar Chamber (QC). The Qatari side was presided over by Mohammed bin Ahmed bin Towar Al Kuwari, Vice-Chairman of QC, while President Yevkurov chaired the Ingushetia side.
Umalat Torshkhoev, Minister of Economic Development of the Republic of Ingushetia, provided a detailed presentation highlighting the major infrastructure development projects and investment opportunities in the economy.
“There are many opportunities of investments for Qatari businessmen in Russia in general and the Ingushetia in particular. The good relations between Qatar’s Emir H H Sheikh Tamim bin Hamad Al Thani and President Vladimir Putin, have pushed forward to establish and enhance ties between the two sides,” President Yevkurov noted.
Speaking to The Peninsula on the sidelines of the meeting, President Yevkurov, added: “I think our visit to Qatar was very successful. Both sides are working to sign several agreements to establish bilateral cooperation very soon.”
He also noted that Ingushetia is endowed with natural resources, such as mineral water in Achaluki, oil and natural gas in Malgobek, forests in Dzheirakh, and metals in Galashki region.
In addition, Ingushetia also boasts of the unique history, natural and mountainous beauty, and the ancient Galgai towers, which are the major attractions for tourists.
He said that there are a lot of areas where Qatar and Ingushetia can cooperate for mutual benefits. Since there are no formal trade relations between the two, so the potential for growth is very high.
“We have some of the world’s best agro-products, including fruits and vegetables. Currently, we are focusing to establish cooperation in the field of agriculture, food processing industries, and tourism development. Eventually, it can be further expanded to cooperation in the field of energy, civil aviation and other sectors,” said Yevkurov who has been heading the government of Ingushetia since October 2008.
Asked about the signing of agreements for investment protection, the President reiterated that both sides are working closely to establish and expanding ties, investment protection will be one of the several agreements both sides are expected to be signing very soon.
“We are going to export some of the best fruits and other food stuff to Qatar very soon. We also invite Qatari businessmen and tourists to visit Ingushetia and investment opportunities. There are many privileges to invest which include tax rebates, free-land plots, that too without any bureaucratic delays,” the President added.
“If there are any problems or hurdles businesses and investors face, they can directly contact with me without any hesitation.”
The President also praised about friendly discussions with the Qatari leaders, and many other things about the country, including the rich culture and hospitality.