1. Investment Promotion Agency Qatar (IPA Qatar) announced the signing of new Memorandums of Understanding (MoUs) with two international companies, Siemens and Emerson, today on the sidelines of the Qatar Economic Forum,
2. The Investment Promotion Agency Qatar (IPA Qatar) has announced a partnership with Knight Frank, a UK-based global real estate consultancy to showcase Qatar's real estate industry to international investors.
3. The Investment Promotion Agency Qatar (IPA Qatar) has signed a double deal with PwC, which will see the accounting and consulting giant help the agency attract international investors and expand its own footprint in the country.
AGREEMENTS WITH SIEMENS AND EMERSON
1. The new partnerships will play a role in facilitating the establishment of a centre of excellence in Lusail City, adding significant value to Qatar’s talent ecosystem and leadership in technological and software design.
2. Cementing Qatar's global profile as a thriving and supportive global business hub, IPA Qatar remains committed to expanding its strategic collaborations with international companies, further enabling them to deepen their footprint in Qatar, access lucrative opportunities across diverse sectors, and drive economic diversification.
3. IPA Qatar’s partnership with Siemens establishes the foundation for collaboration in the development of sustainable infrastructure projects in Qatar, leveraging Siemens' expertise in infrastructure, industry and mobility. The collaboration aims to strengthen cooperation in key sectors, such as vertical farming, smart cities, and transportation. According to the agreement, Siemens is committed to fostering local talent and plans to increase its workforce to exceed 300 full time employees. This will facilitate knowledge transfer and create new opportunities, contributing to the growth and development of Qatar's workforce.
4. The MoU with Emerson will accelerate the expansion of automation technology and industrial software excellence in Qatar. IPA Qatar will support Emerson in its development of a Centre of Excellence in Lusail City, which will serve as a central hub for fostering innovation, sharing technology best practices, and nurturing local talent in key industry sectors, such as energy utilisation.
PARTNERSHIP WITH KNIGHT FRANK
1. IPA Qatar signed a Memorandum of Understanding (MoU) at the Qatar Pavilion to promote Qatar's real estate sector on a global scale and attract foreign investment. 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.
DOUBLE DEAL WITH PWC
1. The Investment Promotion Agency Qatar (IPA Qatar) has signed a double deal with PwC, which will see the accounting and consulting giant help the agency attract international investors and expand its own footprint in the country.
2. Launched in 2019 as a custodian of the Invest Qatar brand, the Investment Promotion Agency Qatar’s mission is to help foreign investors setup and grow their business in Qatar. The agency acts as a gateway to all investment solutions in Qatar, bringing together investors with an ecosystem of business and licensing platforms, local investors and market entry specialists.
3. The brand new memorandum of understanding with PwC has two key pillars, with PwC on the one hand becoming a strategic advisor to the agency, and on the other hand becoming one of the companies committing to growing its operations in the country.
4. The first pillar of the agreement between IPA Qatar and PwC sets the framework for collaboration on promoting Qatar to global investors through joint marketing activities, exchanging knowledge and best practices on foreign direct investment promotion and attraction.
Source
https://www.zawya.com/en/press-release/companies-news/ipa-qatar-seals-major-agreements-with-siemens-and-emerson-at-qatar-economic-forum-2023-ozf6xk60
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.zawya.com/en/press-release/companies-news/ipa-qatar-and-knight-frank-partner-to-attract-global-investors-to-qatars-real-estate-sector-jvmna9o3
