Qatar’s QFZA & US-based Aspiration to push sustainability across MENA

By Amirtha P S, Desk Reporter
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Qatar Free Zone
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Aspiration, US-based global leader in sustainability as a service solution for consumers, companies, and governments, has signed a strategic partnership agreement with Qatar Free Zones Authority (QFZA) and Doha Venture Capital (DVC) to expand access to sustainability services in the region.

Under the partnership agreement, Aspiration will set up operations in Qatar Free Zones to provide sustainability services, carbon neutrality solutions, and green financial solutions to customers across the Middle East and North Africa (MENA) region.

The agreement was signed in the presence of H.E. Ahmad Al-Sayed, Minister of State and Chairman of QFZA, as well as DVC board members and QFZA senior management. It was signed by Mr. Lim Meng Hui, CEO of QFZA, Mr. Mohammed Al Abdulla, CEO of DVC and Aspiration’s Co-Founder Mr. Joe Sanberg. 

The agreement is part of a broader collaboration between Aspiration and Qatar Free Zones. It echos QFZA’s sustainability strategy, which is aligned with the goals of Qatar’s environment and climate change strategy. The agreement will allow Aspiration to evaluate carbon footprints and manage carbon neutrality programs as a preferred sustainability services and carbon offsets provider to Qatar Free Zones. 

Further, the partnership will lead to the establishment of a Center of Excellence in the Zones before the end of 2022 to offer globally recognized green certifications. The Center will offer conventional as well as Sharia-compliant green financial services and products with banking partners in Qatar and across the region.

H.E. Ahmad Al-Sayed
H.E. Ahmad Al-Sayed
Chairman – QFZA
Minister of State – Qatar

“We’re delighted to enter into this agreement with Aspiration, a leader in bringing sustainability solutions to people and businesses. This agreement is a testament to our enduring focus on and commitment to sustainability and innovation, in line with the goals of Qatar’s ambitious environment and climate change strategy. Qatar Free Zones are a natural base for companies with the skills and innovative mindset to help build a greener, better future, and we look forward to welcoming Aspiration to Qatar.” 

“This partnership is in line with DVC’s strategy to support innovative companies tackling critical problems while helping them take advantage of opportunities in Qatar and across the region,” Mr. Al Abdulla stated.

“We are thrilled to work with Qatar Free Zones in strengthening sustainability projects across the region as part of our commitment to helping individuals and businesses around the world to work sustainably and meet the challenge of fighting climate change,” said Mr. Andrei Cherny, CEO of Aspiration.

QFZA offers the modern green infrastructure to its investors and is committed to sustainability in every aspect of its operations. The Free Zones are designed to be as efficient as possible, making use of a wide range of innovative technologies to deliver on QFZA’s vision to become the world’s most sustainable free zone group. 

Related: Emirates, GE Aviation seal MoU to test flight with 100% sustainable fuel


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