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Agency to attract FDI launched

Agency to attract FDI launched

QNA
Doha
Qatar launched an Investment Promotion Agency LLC on Wednesday to attract foreign direct investment (FDI) into the country in line with objectives set out in the Qatar National Vision 2030.
As part of its mandate to attract more FDI into Qatar, the Investment Promotion Agency LLC aims to be a single and complete source for investment solutions in Qatar by attracting FDI in all the priority sectors. The entity will pursue targeted, sector-specific investment promotion agendas and coordinate investment promotion and marketing activities with key stakeholders, as well as develop policy advisory.
The Advisory Board of Investment Promotion Agency held its first meeting recently where they discussed the strategy, roadmap and budget, as well as the key target sectors and incentives plan.
Minister of Commerce and Industry and Chairman of the Advisory Board of the Investment Promotion Agency HE Ali bin Ahmed al Kuwari said, “Qatar is already an attractive hub for foreign direct investment. Launching the Investment Promotion Agency will add to Qatar’s efforts to further boost FDI into the country. The agency will achieve this through a number of initiatives such as working with stakeholders to support international businesses wishing to set up operations in Qatar.”
“We are committed to stimulating Qatar’s economic development through attracting foreign direct investment through a number of avenues. The Investment Promotion Agency will enhance these efforts by encouraging more international investors to set up businesses in Qatar, leading Qatar into a new period of economic growth,” he added.
The advisory board is consisted, in addition to its chair, of Minister of State and Chairman of the Qatar Free Zones Authority HE Ahmad bin Mohammed al Sayed, Representative of Prime Minister’s Office HE Sheikh Ali Alwaleed al Thani, Acting Undersecretary for Trade Affairs Saleh Majid al Khulaifi, CEO of Qatar Financial Center (QFC) Yousuf Mohamed al Jaida, and Executive Director of Qatar Science and Technology Park Yosouf Abdulrahman al Salehi.

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