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Satyendra Pathak
Doha
A large trade delegation from Germany will be visiting Qatar in the near future to explore business opportunities in Qatari market, Arab-German Chamber of Commerce and Industry President Peter Ramsauer has said.
Speaking at the Qatari-German Business Forum held online on Thursday, Ramsauer said that Qatar and Germany have close relations in all economic fields and the upcoming visit of the trade delegation will pave way for German businessmen to forge further ties with their counterparts in Qatar.
During the forum, both sides reviewed trade and investment cooperation and discuss establishing alliances and partnerships.
Praising Qatar for its rapid economic development, he said, “Qatar has defeated the siege imposed on it since 2017. The country has succeeded in reordering its economic priorities and achieving self-sufficiency in many areas. Qatar has managed to accomplish rapid economic development despite all the challenges.”
Ramsauer also praised Qatar’s government for supporting the private sector during the current crisis.
Ambassador of Qatar to Germany HE Mohammed bin Jaham Al Kuwari, who also took part in the forum, said that Germany and Qatar enjoy close partnership in a wide range of political, social and particularly economic areas.
Kuwari said that Qatar is always willing to further strengthen the excellent relations with Germany.
He said that the forum would contribute to enhancing the outstanding cooperation between the two countries as well as attracting new entrepreneurial opportunities to face global challenges ahead with strong economic and political commitments.
While Qatar has long-term investment and economic commitments in Germany, he said Qatar also offers great opportunities for German companies.
Based on its geographical location, he said, Qatar has emerged as a global trading centre that offers excellent conditions for the production facilities.
Qatar benefits from an outstanding logistical, financial, and digital infrastructure, he said adding that the upcoming FIFA World Cup 2020 in Qatar would also offer enormous economic opportunities for German companies.
QC Board Member Khalid bin Klefeekh Al Hajri, who also spoke on the occasion, said that Qatar and Germany enjoyed strong relations and both the countries are keen on developing such relations to higher levels and establishing more alliances and partnerships.
The Qatar-German Matchmaking Platform organised as part of the forum witnessed a large turnout and saw participation from many Qatari and German companies.
Many presentations from both sides were made as part of activities for the matchmaking platform. Investment Promotion Agency of Qatar Investor Relations Manager Hamad Rashid Al Naimi highlighted Qatar’s economic growth, economic incentives offered by Qatar and the role of Investment Promotion Agency in Qatar during his presentation.
“Qatar’s economy is expected to remain strong and stable during the next year. The country’s GDP is expected to grow by 5 percent in 2021,” Naimi said.
Naimi noted that Qatar offers a set of incentives to attract foreign investments such as a highly developed infrastructure, access to main markets as well as the possibility of full ownership for foreign investors and exemption from taxes and other incentives.
Qatar Science Technology Park Investment Manager Abdulla Al Naimi and Qatar Free Zone Authority Markets Manager Fahad Al Kuwari also made presentations on the occasion.
Naimi said that Qatar Science and Technology Park was established 15 years ago with the aim to provide an international place for researches, energy, environment, technology and education.
He noted that it played a key role in accelerating the pace of innovation and tech entrepreneurship.
He pointed out that QSTP’s Product Development Fund (PDF) helps encourage local startups and SMEs in the private sector to develop products and services relevant to local market needs.
Delivering a presentation on free zone, Kuwari noted that Qatar ranked highly across a range of global competitiveness metrics, proving a strong and reliable place to do business.
QFZA oversees many free zones including Ras Bufontas and Umm Alhoul, he said adding that these zones offer distinguished services for local and foreign investors.
Kuwari said that both Ras Bufontas and Umm Alhoul zones offer real estate solutions and industrial units, noting that Umm Alhoul offers 54 pre-built facilities dedicated to industries with various areas from 700sqm to 2,500sqm, while Ras Bufontas zone includes 24 pre-built facilities with diversified options for offices, warehousing and land plots.
Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani, Arab-German Chamber of Commerce and Industry Vice President Olaf Hoffmann, Arab-German Chamber of Commerce and Industry General Secretary Abdulaziz Al Mikhlafi and Qatar Chamber General Manager Saleh bin Hamad Al Sharqi were prominent among those who also participated in the virtual
forum.
Doha
A large trade delegation from Germany will be visiting Qatar in the near future to explore business opportunities in Qatari market, Arab-German Chamber of Commerce and Industry President Peter Ramsauer has said.
Speaking at the Qatari-German Business Forum held online on Thursday, Ramsauer said that Qatar and Germany have close relations in all economic fields and the upcoming visit of the trade delegation will pave way for German businessmen to forge further ties with their counterparts in Qatar.
During the forum, both sides reviewed trade and investment cooperation and discuss establishing alliances and partnerships.
Praising Qatar for its rapid economic development, he said, “Qatar has defeated the siege imposed on it since 2017. The country has succeeded in reordering its economic priorities and achieving self-sufficiency in many areas. Qatar has managed to accomplish rapid economic development despite all the challenges.”
Ramsauer also praised Qatar’s government for supporting the private sector during the current crisis.
Ambassador of Qatar to Germany HE Mohammed bin Jaham Al Kuwari, who also took part in the forum, said that Germany and Qatar enjoy close partnership in a wide range of political, social and particularly economic areas.
Kuwari said that Qatar is always willing to further strengthen the excellent relations with Germany.
He said that the forum would contribute to enhancing the outstanding cooperation between the two countries as well as attracting new entrepreneurial opportunities to face global challenges ahead with strong economic and political commitments.
While Qatar has long-term investment and economic commitments in Germany, he said Qatar also offers great opportunities for German companies.
Based on its geographical location, he said, Qatar has emerged as a global trading centre that offers excellent conditions for the production facilities.
Qatar benefits from an outstanding logistical, financial, and digital infrastructure, he said adding that the upcoming FIFA World Cup 2020 in Qatar would also offer enormous economic opportunities for German companies.
QC Board Member Khalid bin Klefeekh Al Hajri, who also spoke on the occasion, said that Qatar and Germany enjoyed strong relations and both the countries are keen on developing such relations to higher levels and establishing more alliances and partnerships.
The Qatar-German Matchmaking Platform organised as part of the forum witnessed a large turnout and saw participation from many Qatari and German companies.
Many presentations from both sides were made as part of activities for the matchmaking platform. Investment Promotion Agency of Qatar Investor Relations Manager Hamad Rashid Al Naimi highlighted Qatar’s economic growth, economic incentives offered by Qatar and the role of Investment Promotion Agency in Qatar during his presentation.
“Qatar’s economy is expected to remain strong and stable during the next year. The country’s GDP is expected to grow by 5 percent in 2021,” Naimi said.
Naimi noted that Qatar offers a set of incentives to attract foreign investments such as a highly developed infrastructure, access to main markets as well as the possibility of full ownership for foreign investors and exemption from taxes and other incentives.
Qatar Science Technology Park Investment Manager Abdulla Al Naimi and Qatar Free Zone Authority Markets Manager Fahad Al Kuwari also made presentations on the occasion.
Naimi said that Qatar Science and Technology Park was established 15 years ago with the aim to provide an international place for researches, energy, environment, technology and education.
He noted that it played a key role in accelerating the pace of innovation and tech entrepreneurship.
He pointed out that QSTP’s Product Development Fund (PDF) helps encourage local startups and SMEs in the private sector to develop products and services relevant to local market needs.
Delivering a presentation on free zone, Kuwari noted that Qatar ranked highly across a range of global competitiveness metrics, proving a strong and reliable place to do business.
QFZA oversees many free zones including Ras Bufontas and Umm Alhoul, he said adding that these zones offer distinguished services for local and foreign investors.
Kuwari said that both Ras Bufontas and Umm Alhoul zones offer real estate solutions and industrial units, noting that Umm Alhoul offers 54 pre-built facilities dedicated to industries with various areas from 700sqm to 2,500sqm, while Ras Bufontas zone includes 24 pre-built facilities with diversified options for offices, warehousing and land plots.
Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani, Arab-German Chamber of Commerce and Industry Vice President Olaf Hoffmann, Arab-German Chamber of Commerce and Industry General Secretary Abdulaziz Al Mikhlafi and Qatar Chamber General Manager Saleh bin Hamad Al Sharqi were prominent among those who also participated in the virtual
forum.
