QFZA & Qatar Chamber collaborate to support economic diversification

By Arya M Nair, Official Reporter
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QFZA
Manateq Headquarters in Ras Bufontas Free Zone, Qatar | Representational Image

Qatar Free Zones Authority (QFZA) and Qatar Chamber (QC) have signed a collaboration agreement for enhancing bilateral cooperation to achieve common strategic goals and support the economic diversification plans of the State of Qatar.

The agreement was signed by Sheikh Mohammed H. F. Al-Thani, Deputy CEO and Chief Strategy Officer of QFZA, and QC General Manager, Mr. Saleh bin Hamad Al-Sharqi. QC First Vice-Chairman Mr. Mohamed bin Twar Al Kuwari, Second Vice-Chairman Mr. Rashed bin Hamad Al Athba and a number of board members attended the ceremony.

The agreement aims to boost cooperation between both sides to represent Qatar with the aim to attract more investors to the country. It also strives to achieve joint strategic goals between both entities and provide support for the state’s economic diversification.

Sheikh Mohammed H. F. Al-Thani, the Deputy CEO and CSO of QFZA said that “We are honored to sign this agreement with Qatar Chamber to cooperate and contribute jointly in promoting the attraction of FDI to the State, and to affirm our keen interest in establishing local partnerships to assist in supporting, developing, and diversifying the Qatari economy. The linkage process through the internet with the Qatar Chamber and the electronic issuance of certificates of origin to companies licensed by QFZA, is also in line with the goals of the Qatar National Vision 2030 aimed at promoting the transition to a knowledge-based economy.”

Mr. Saleh Al-Sharqi, the General Manager of Qatar Chamber said that “According to the agreement, the Chamber will support registered and licensed companies in QFZA to benefit from the service of issuing the Free Zones Certificates of Origin, noting that the Chamber will streamline the process of issuing such certificates thanks to the electronic link between both entities which aims to share information, issue certificates, and join hands in every possible activities that serve cooperation between the two parties.”

It is worth noting that QFZA provides a comprehensive and integrated platform that the Qatari private sector can take advantage of by working with international companies based in the free zones, and expanding businesses and partnerships with these companies to enter new markets regionally and globally.

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