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Government satisfied with Qatar trip

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The government has stated it is satisfied with the outcome of President Nicos Anastasiades three-day official visit to Qatar. The President, accompanied by three cabinet ministers and a 58 trade delegation, went to Qatar seeking to attract Qatari investments to Cyprus. The delegation included Foreign Minister Ioannis Kasoulides, Minister of Energy Yiorgos Lakkotrypis, Minister of Agriculture Nicos Kouyialis, government spokesman Christos Stylianides and several other officials.

During the visit Cyprus and Qatar signed one Agreement and three Memoranda of Understanding. The Minister of Foreign Affairs, Mr Kasoulides, signed on behalf of the Republic a Memorandum of Understanding on cooperation in the field of education and an Agreement on cooperation in the legal field. The Minister of Energy, Mr Lakkotrypis, signed a Memorandum of Understanding on cooperation between the two countries in the energy sector. And the Minister of Agriculture, Mr Kouyialis, signed a Memorandum of Understanding on cooperation in the area of desalination and waste water treatment and reuse.

News reports suggest that prospective business deals include investments in the areas of marinas and various leisure projects and energy development for oil and gas. The President of Qatar’s state investment fund is expected to come to Cyprus within two to three weeks to promote a big state investment. Qatari investments in Cyprus had been declared in the past but never materialised. We hope that this trip will turn out to have been fruitful at a time when Cyprus desperately needs foreign investments to help the country stabilize its economy.

 

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