QFZA & QDB agree to cooperate in improving Qatar’s investment climate

By Arya M Nair, Official Reporter
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QFZA_QDB partnership
Officials at agreement signing

Qatar Free Zones Authority (QFZA) and Qatar Development Bank (QDB) have joined to improve the investment climate in Qatar by supporting investors operating in the free zones through a wide range of financial and advisory programs and services offered by QDB.

This move comes as part of the expansion of the authority’s partnerships with key national players, and promoting its position as a distinct investment destination in the region.

This initiative is based on an agreement between the two parties, signed by Sheikh Mohammed HF Al-Thani, CEO of QFZA and Mr. Abdulrahman Hesham Al Sowaidi, CEO of QDB.

The bilateral initiative aims to enhance cooperation between QFZ and QDB in order to better serve investors in the free zones. This collaboration will provide investors with access to a broad range of financial services and programs, advisory, and training courses offered by Qatar Development Bank. As part of these services, QDB’s tailored financial and advisory solutions will also provide the required support for all eligible investors within QFZ, while adhering to QFZ’s regulatory standards.

Sheikh Mohammed HF Al-Thani, CEO of Qatar Free Zones Authority
Sheikh Mohammed HF Al-Thani

“We welcome this joint cooperation with QDB as we strive to enhance our partnerships with leading Qatari institutions and contribute to the growth, development and diversification of the national economy, in line with the goals of Qatar National Vision 2030. This collaboration marks a significant milestone toward achieving these objectives and is expected to offer the essential support necessary for QFZ investors to achieve sustainable growth and prosperity. Furthermore, it underscores our shared commitment to enhance economic development and investment in Qatar.”

Mr. Al Sowaidi said that “We are keen on supporting Qatari companies in the free zones to kick start and grow their business, building on our efforts to provide access to financing and advisory services for various industries across the country. These companies contribute significantly to GDP growth, promote exports and re-exports and boost economic diversification. We are also pleased that free zone-based foreign companies will now have access to export development, promotion and financing services, provided they meet the agreed-upon local content threshold as identified with Qatar Free Zones.”

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