1. Significant investments in transport infrastructure projects, such as Hamad International Airport, Hamad Port and Doha Metro, form a crucial part of Qatar's strategy. The emphasis on human capital development through initiatives like Education City and strategic partnerships with international universities highlights the nation's commitment to nurturing talent. Additionally, regulatory reforms, including the liberalisation of foreign ownership laws and progressive visa policies, contribute to making Qatar an attractive destination for skilled professionals.
2. Public-Private Partnerships (PPPs) are identified as a cornerstone of Qatar's economic diversification efforts, fostering a business ecosystem that prioritises productivity, competitiveness and private sector-led growth. The May 2020 PPP law is underscored as a significant milestone, providing investors with confidence and predictability. Diverse sectors, including education, health care, real estate, tourism and energy, present promising opportunities for collaboration.
3. Collaborations with global tech giants, such as Microsoft and Google, showcase the country's favourable investment climate and growth potential. Ongoing partnerships to develop innovation centres reinforce Qatar's dedication to advancing key sectors like energy, health care and transport.
4. Qatar’s commitment extends to significant investments in its physical and digital infrastructure, positioning the country as a prominent tech centre in the Middle East.
5. “Qatar has forged a business-friendly environment marked by 100% foreign ownership and favourable regulations, reflecting our commitment to fostering a dynamic atmosphere for global investors. PPPs stand as a cornerstone in our economic diversification, cultivating a vibrant business ecosystem that prioritises productivity, competitiveness, and private sector-led growth,”
IPA QATAR AND KNIGHT FRANK PARTNER TO ATTRACT GLOBAL INVESTORS TO QATAR’S REAL ESTATE SECTOR
1. This collaboration builds upon Knight Frank’s recent establishment of an office in Doha to provide integrated residential and commercial real estate transaction, consultancy and management services for local and foreign investors.
2. Through this bilateral cooperation, Qatar's liberalised property ownership reforms, sustainable residential developments and lucrative commercial real estate will be showcased to Knight Frank's global network of clients and investors. Furthermore, Knight Frank will collaborate with IPA Qatar and other Qatari stakeholders to provide insights into global real estate trends, facilitating the exchange of knowledge between the entities.
3. Qatar's real estate market has experienced a rapid transformation in recent years, with significant growth and development across various subsectors. The country's thriving economy and ambitious vision have paved the way for a range of exciting projects, including residential properties, commercial and retail spaces and infrastructure.
4. According to the "Qatar Economic Outlook 2021-2023" report by the International Monetary Fund (IMF), the real estate sector in Qatar is expected to experience robust growth in the coming years. The report highlights that foreign investment is on the rise in the real estate sector, with investors attracted by the country's business-friendly environment, stable political climate and attractive investment opportunities.
IPA QATAR PARTNERS WITH JETRO TO PROMOTE BILATERAL TRADE, INVESTMENT
1. Investment Promotion Agency Qatar (IPA Qatar) has entered into a strategic partnership with the Japan External Trade Organization (JETRO) to further develop investment and trade between the two countries
2. By collaborating with JETRO, a leading agency dedicated to facilitating trade and investment, IPA Qatar aims to strengthen bilateral economic relations and attract Japanese companies to explore business opportunities in Qatar.
3. The partnership between IPA Qatar and JETRO will facilitate knowledge exchange, support market entry and streamline investment processes for businesses seeking to expand their presence in Qatar.
4. In 2022, the bilateral trade volume between Japan and Qatar reached QR 48 billion, highlighting the strong economic partnership between the two nations.
5. By focusing on areas of mutual interest and expertise such as healthcare, agriculture and ICT (Information and Communication Technology), Japan and Qatar have leveraged their respective strengths to promote knowledge sharing, technological advancements and innovative solutions.
INVESTMENT PROMOTION AGENCY OF QATAR SIGNS MOU WITH MICROSOFT IN A BID TO CATALYZE THE COUNTRY'S DIGITAL TRANSFORMATION AND INNOVATION
1. The agreement comes as part of both entities common goal to work towards the development of an innovation-driven digital sector in Qatar, and will see them promoting the nation as a leading business hub in the MENA region.
2. Among the many strategies that are expected to be designed as a part of this collaboration include joint marketing activities and publications, initiatives that will sharpen the local talent pool's digital skills, and programs catered towards empowering and attracting startups and fast-growing tech companies in sectors such as agriculture, finance and insurance, energy, and sustainability.
IPA QATAR AND IBERDROLA TO ADVANCE QATAR DIGITAL UTILITY AND INNOVATION
1. The partnership will expand the Spanish group’s Research, Development, and Innovation (RDI) activities through the Doha-based Iberdrola Innovation Middle East.
2. Its goal is to pave the way for the technology hub and develop potentially innovative products and solutions for government and businesses, particularly in Qatar’s expanding utility sector.
3. The hub, currently located in Qatar Science and Technology Park (QSTP), attempts to tackle technology challenges regarding digitalisation of the electrical grid by developing solutions in smart grids, renewable energy integration and energy efficiency.
4. The IPA Qatar-Iberdrola partnership further sets the framework to develop local talent through Iberdrola’s skills development and training programmes. It also entails Iberdrola’s knowledge transfer and sharing of Intellectual Property (IP) rights with relevant educational and industrial institutions.
MOU SETS UP GERMAN SME ASSOCIATION’S 1ST HQ IN GCC REGION
1. The Investment Promotion Agency of Qatar (IPA Qatar) and the German Federal Association of Small and Medium Enterprises (BVMW) have signed a memorandum of understanding (MoU) for the creation of a representative office in Qatar.
2. The minister lauded this major step, saying that it reflects the keenness of the Qatari and German governments to consolidate their strategic partnership, especially in light of the two sides’ common denominators, which have been translated into initiatives to enhance Qatari-German trade and investment exchange.
3. Scheduled to start its operations in Doha early next year, the office aims to strengthen Qatari-German relations in the business field by connecting the 900,000 BVMW members with their Qatari counterparts.
Source:
https://www.zawya.com/en/press-release/companies-news/driving-qatars-economic-diversification-through-investment-ejqk9vnz
https://www.zawya.com/en/press-release/companies-news/ipa-qatar-and-knight-frank-partner-to-attract-global-investors-to-qatars-real-estate-sector-jvmna9o3
https://www.fananews.com/language/en/ipa-qatar-partners-with-jetro-to-promote-bilateral-trade-investment/
https://www.entrepreneur.com/en-ae/news-and-trends/ipa-qatar-signs-mou-with-microsoft-in-a-bid-to-catalyze-the/435315
https://www.enlit.world/regions/middle-east/ipa-qatar-and-iberdrola-to-advance-qatar-digital-utility-and-innovation/
