QC, IPA set to formalise cooperation to enhance Qatar’s investment climate
QATAR Chamber (QC) First Vice Chairman Mohamed bin Ahmed bin Twar Al Kuwari and Investment Promotion Authority’s (IPA) CEO Sheikh Ali bin Alwaleed Al Thani held a meeting at the QC headquarters on Wednesday.
They discussed ways to enhance cooperation in promoting Qatar’s investment climate and identifying investment opportunities in line with their joint efforts to draw further foreign investments.
The meeting also touched on fields proposed for cooperation between both sides to be included in a cooperation agreement that will be inked in the coming period.
Twar stressed the Chamber’s keenness to foster cooperation and communication with all government agencies in a way that maximizes the private sector’s participation in the economy and enhance his anticipated role in the development.
He pointed out that the chamber is interested to bolster cooperation with IPA, whose key mandate is to promote investment and attract FDIs to Qatar, affirming that this is the same role performed by the Chamber as a representative of the private sector.
Twar paid tribute to the IPA and its essential role in attracting investments, pointing out that despite it is recently founded, but it has made tremendous efforts to promote investments in Qatar.
The Chamber is keenly interested to invite the IPA to explain investment climate before foreign delegations visiting the chamber whether before the outbreak of Covid-19 or via video conference amid the pandemic, he added.
On his part, IPA’s CEO Sheikh Ali bin Alwaleed Al Thani said the authority was keen to enhance cooperation with the Chamber and join hands to promote the state’s investment climate and opportunities galore for investments.
He affirmed that the IPA is preparing a digital platform for investment which will play an important role in identifying investment opportunities in all sectors.
Sheikh Ali also pointed out that the authority has been working to draw more investments to the state in line with requirements of the Qatar National Vision 2030, indicating that it seeks to be an integrated source for investment solutions in Qatar through attracting FDIs in all priority sectors.