Portugal is looking to Qatar for investments in lithium refinement and sustainable energy. A delegation of nine companies will meet with the Qatar Investment Authority to explore opportunities in sectors like green hydrogen, LNG, and real estate. Nuno Anahory highlights economic complementarities and the potential for robust collaboration that can benefit both nations.
Portugal is seeking investment partnerships with Qatar, particularly for its lithium refinery and sustainable energy projects. A delegation of nine Portuguese companies will engage with potential investors, including the Qatar Investment Authority, at the Sheraton Hotel until February 18. Nuno Anahory from the Arab Portuguese Chamber of Commerce emphasizes the mutual economic interests, particularly in energy and technology sectors, fostering collaboration between the two nations.
Portugal’s lithium resources, with around 60,000 tonnes of known reserves, positions it as Europe’s leading lithium producer, primarily utilized in ceramics. Anahory believes that Qatar can become an essential partner in not just lithium extraction but also in processing various raw materials such as tin, niobium, tantalum, gold, silver, feldspar, and quartz.
Both countries boast complementary strengths in sectors like energy, petrochemicals, and technology. Anahory notes significant potential for Qatari investment in Portugal’s green hydrogen initiatives as the nation aspires to become a pivotal European hub. Qatar’s expertise in energy infrastructure may expedite this process.
Portugal serves as a strategic entry point for Qatari LNG into Europe via the Port of Sines, which has a capacity to manage over 55% of the gas entering the country. The port includes a regasification terminal in Setubal District. Qatar’s first LNG shipment to Portugal was in 2010, underlining a history of collaboration.
On the petrochemical front, Anahory foresees possible joint ventures in refining and petrochemical plants. Qatar’s advanced knowledge in hydrocarbons can significantly enhance Portugal’s industrial capacity. Opportunities also exist in deploying high-value petrochemicals like polymers in the European market.
Portugal remains open for investments in diverse projects across infrastructure, renewable energy, real estate, tourism, and technology sectors. Developers are particularly keen on real estate, given Portugal’s attractiveness to international property investors, driven by affordability, safety, and investment returns.
Anahory emphasizes that foreign investors enjoy similar rights as local buyers in the Portuguese real estate market, which demonstrates resilience and steady growth. The Arab Portuguese Chamber is also facilitating connections between Qatari investors and Portugal’s innovation sectors, emphasizing the importance of remaining competitive in the global digital landscape.
In summary, Portugal is strategically engaging Qatar for investments in key sectors, particularly lithium and sustainable energy. Ongoing discussions indicate a commitment to strengthening ties through technological collaboration and shared economic pursuits. The focus on renewable energy and natural resources showcases the potential for substantial bilateral growth.
Original Source: www.gulf-times.com
