IPA Qatar, EU officials discuss investment opportunities amid COVID-19
Working group on exchange of experiences and investment opportunities between Qatar and EU member states launched
THE Investment Promotion Agency of Qatar (IPA Qatar), in collaboration with the EU Delegation to the GCC, on Tuesday hosted a special webinar entitled ‘Qatar’s economic and digital transformation in the COVID-19 recovery phase’ with the participation of members of the EU Mission, IPA Qatar and the Qatar Financial Centre (QFC), among others.
The webinar, with the active participation of IPA Qatar CEO Sheikh Ali Alwaleed Al Thani, EU Minister Counsellor to Qatar Alar Olljum and representatives of EU Missions in Qatar and business associations representing EU countries, offered an outlook on emerging opportunities expected to shape the future of investments in the country.
The webinar also announced the launch of a working group on the exchange of experiences and investment opportunities between Qatar and the EU Member States to advance European institutions’ role in driving Qatar’s economic diversification in the post-COVID-19 era.
On Qatar’s plan to lift COVID-19 restrictions, Sheikh Ali talked about the four phases of the plan as well as IPA Qatar’s efforts to build on and stimulate a sustainable investment ecosystem.
The IPA Qatar CEO pointed out that the landscape looks promising with a multitude of opportunities emerging across sectors as institutions and industries continue to transform for the new economy.
During the webinar, Sheikh Ali also discussed the series of wellcoordinated actions IPA Qatar has taken to minimize the effects of COVID-19 on investors and accelerate support to the country’s investment ecosystem while continuing to optimise IPA Qatar’s strategy for the digital delivery of its client services and stakeholder communications.
For his part, Olljum said, “I believe that relations between the European Union and Qatar will become even stronger and richer over the coming years. Indeed, from the EU side, we are committed to building a mutually beneficial comprehensive partnership, encompassing various spheres of engagement, which I anticipate will continue to further diversify and strengthen in the years to come.”
Olljum also talked about the significant role that the EU member states and business institutions can play in accelerating Qatar’s ongoing economic diversification and the establishment of a knowledge-based society in the coming years.
The two speakers stressed that the crisis has led to global value chain disruptions and established the need for countries to move towards digital solutions and a strongly diversified economy, pointing out that the next phase of the gradual global recovery requires all parties involved to be more coordinated and to engage with the objective of creating a more resilient investment ecosystem.
To this end, IPA Qatar and the EU Delegation to Qatar will jointly coordinate and co-chair bi-annual meetings of the EU-Qatar Vision 2030 Technical Working Group.
The webinar, with the active participation of IPA Qatar CEO Sheikh Ali Alwaleed Al Thani, EU Minister Counsellor to Qatar Alar Olljum and representatives of EU Missions in Qatar and business associations representing EU countries, offered an outlook on emerging opportunities expected to shape the future of investments in the country.