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Romania touts $16bn of opportunities as PM visits Qatar

Marcel Ciolacu, Romania's PM, speaks to reporters in Rome. He is now in Qatar for trade talks Sopa Images/Alamy Live News
Marcel Ciolacu, Romania's PM, speaks to reporters in Rome. He is now in Qatar for trade talks
  • Marcel Ciolacu on trip to Gulf
  • Set to hold talks with Qatar’s PM
  • Bilateral trade stands at $134m

Romania is looking to secure €15 billion ($16 billion) of investment from Qatar during a visit by its prime minister, Marcel Ciolacu.

He is set to hold talks with Qatar’s prime minister and minister of foreign affairs, Mohammed bin Abdulrahman bin Jassim Al Thani.

Ciolacu is also due to have discussions with representatives of Qatar Investment Authority, the Gulf state’s sovereign investment fund.

The Romanian PM said on Tuesday that Qatar was “an important commercial partner” of his country and multi-billion-dollar investments would “contribute to the consolidation of our economic and political collaboration”.

“We have clear and mature projects for Qatari investors. Strategic position, upward trajectory of the economy and the opportunities offered by the European funds are arguments that support Romania’s investment attractiveness,” Ciolacu said.

Trade between Qatar and the European Union member stands at QR490 million ($134 million), according to Mohamed bin Ahmed Al Obaidly, a board member of the Qatar Chamber of Commerce & Industry. 

Al Obaidly, who was speaking at an event in February, said there were investment opportunities in Romania in sectors including agriculture, tourism, energy, renewable energy, information technology, infrastructure, real estate and mining.

Ciolacu will remain in Qatar until April 17.

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