Ministry of Commerce and Industry organizes several events and activities to celebrate National Sports Day

Featuring the participation of His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, the Ministry of Commerce and Industry (MOCI) organized several sports and entertainment events and activities on the occasion of Qatar National Sports Day (NSD) at Katara Cultural Village.

In this context, H.E. the Minister expressed his pleasure to participate in this significant national occasion, noting that it strengthens Qatar’s leading position, both regionally and globally, as a sports event destination.

H.E. stressed that the NSD reflects the belief of Qatar’s wise leadership in the importance of sports as an essential pillar of building a healthy and productive society that seeks excellence to achieve the Qatar National Vision (QNV) 2030. This vision is based on investing in unlocking human potential as the main focus and goal of comprehensive development.

The Ministry organized sports activities and entertainment competitions this year to encourage families, different age groups, and all segments of society to engage in physical activities and increase awareness of the importance of sports and health benefits. Additionally, the Ministry aimed to motivate society members to practice sports throughout the year to enhance cooperation values and develop a spirit of engagement in a warm and fun atmosphere.

The Ministry organized sports and entertainment competitions in football, volleyball, and basketball. It also hosted various competitions and activities specifically designed for the children of its staff and the general public.

 

 

 

 

Ministry of Commerce and Industry Wins Qatar Government Excellence Award in the Excellence Category for Ministries

The Ministry of Commerce and Industry (MoCI) won the Qatar Government Excellence Award on the side-lines of its participation in the Excellence Category for Ministries.
His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, Prime Minister and Minister of Foreign Affairs, handed over the award to His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, during a ceremony organized today and attended by several ministers and officials.
The Qatar Government Excellence Award aims to increase the efficiency and effectiveness of the governmental sector and the services it provides to customers to meet the needs of the Qatari society and build a flexible governmental sector while maintaining the quality of performance. It also seeks to qualify human talents to fulfil future needs and possess the necessary skills and capabilities.
Qatar Government Excellence Award encompasses four main pillars including entrepreneurship, Qualitative and institutional value, as well as the outcomes and impact. These pillars cover 10 basic metrics and 38 sub-criteria for evaluation.

 

H.E. Minister of Commerce and Industry Meets with Turkish Minister of Industry and Technology

 

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met with H.E. Mr Mehmet Fatih kacir, Turkish Minister of Industry and Technology.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has implemented to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors and businessmen to invest in Qatar.

The Inaugural Session of the Qatari-Turkish Joint Committee for Economic and Commercial Cooperation Convenes in Istanbul

 

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, and His Excellency Dr. Ömer Bolat, Minister of Trade of the Republic of Türkiye, chaired the proceedings of the inaugural session of the Qatari-Turkish Joint Committee for Economic and Trade Cooperation, held in Istanbul.

 

H.E. the Minister of Commerce and Industry expressed his contentment in participating in this meeting, that addressed numerous topics of shared interest. He also shared that the outcomes of this meeting will contribute to enhancing the comprehensive strategic cooperation between the two countries.

 

Additionally, H.E. the Minister noted that the Qatari-Turkish strategic partnership sets an example in the map of bilateral and regional alliances. He added that this partnership gathers its strength from our long standing historical ties.

 

With regard to trade volume, H.E. the Minister highlighted that the global challenges and economic shifts serve as incentives to develop joint efforts aimed at increasing the volume of trade to levels, reflecting the potential available in both countries’ markets. He emphasized the commendable development in trade exchange, which rose by 16.7%, from $1.8 billion in 2021 to over $2.2 billion in 2022. He also expressed his aspirations for further advancements to strengthen cooperation mechanisms and capitalize on the opportunities available in diverse economic and investment sectors, achieving the mutual interests of the two allied nations.

 

During the proceedings of the Qatari-Turkish Joint Committee for Economic and Trade Cooperation, collaboration aspects across multiple sectors such as trade and investment, manufacturing, logistics services, IT, digital and financial services, food, agriculture, health services, and education were discussed.

 

In the end, both sides agreed to take the necessary steps to move forward in the strategy of consolidating trade and investment cooperation between the two countries, to increase the volume of trade exchange and facilitate the flow of goods, services, and investments.

 

Inauguration of Qatari-Swiss Business Forum

 

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, the Minister of Commerce and Industry, and His Excellency Mr. Guy Parmelin, the Head of the Federal Administration for Economic Affairs, Education, and Research (EAER), have jointly inaugurated the Qatari-Swiss Business Forum in Doha.

The forum aims to highlight the investment opportunities present in Qatar and Switzerland and to deliberate on potential ways to strengthen cooperation and economic ties between the two countries.

In his opening speech, His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani commended on the strong and distinguished relations between the State of Qatar and Switzerland. He emphasized that the forum’s objective is to create a platform for dialogue between the government and private sectors of both countries, to explore and identify opportunities for collaboration and investment in various fields and sectors, thereby contributing to the development goals of both nations.

Swiss investors and companies were encouraged to leverage the favourable economic and investment environment provided by Qatar for foreign investors. They were invited to establish new partnerships in crucial sectors, including pharmaceutical industries, food manufacturing, innovation, technology, and other fields to address the requirements of the Qatari local market. This will enable them to expand their reach towards new markets in the region and the world.

The forum featured presentations by a number of Qatari entities including the Investment Promotion Agency Qatar (Invest Qatar), Qatar Financial Centre and Qatar Free Zones Authority, all of which highlighted the benefits of the business environment in both the State of Qatar and Switzerland. The presentations also covered topics such as the advanced legislative framework for the business environment, the incentives and promising investment opportunities that Qatar offers to foreign investors, the growth prospects of the Qatari economy, and ways to diversify economic cooperation between Qatar and Switzerland.

On the sidelines of the Qatari-Swiss Business Forum, a bilateral meeting was held between H.E. the Minister of Commerce and Industry, and H.E. the Head of the Federal Administration for Economic Affairs, Education and Research (EAER).

During the meeting, officials discussed the cooperative relations between the two countries, exploring opportunities to strengthen them, particularly in trade, investment, and industrial sectors.

H.E. the Minister of Commerce and Industry also extended a warm welcome to the visiting Swiss delegation, emphasising the significance of such engagements in exchanging perspectives to advance the longstanding friendly relations between the two countries. He also highlighted the importance of sustaining mutual coordination in areas of shared interest.

H.E. the Undersecretary of the Ministry of Commerce and Industry Chairs the Extraordinary Meeting of the GCC’s Undersecretaries of the Ministries of Industry

 

His Excellency Mr. Mohammed bin Hassan Al Malki, Undersecretary of the Ministry of Commerce and Industry, chaired the extraordinary meeting of the Gulf Cooperation Council’s Undersecretaries of the Ministries of Industry, held in Doha.

During his opening speech, H.E. the Undersecretary of the Ministry of Commerce and Industry, commended the key role of the Gulf Cooperation Council countries, acknowledging their efforts in the development and management of their economic systems and policies over the past years to diversify the economies and enhance the involvement of non-oil sectors, particularly in the industrial domain, supporting comprehensive economic and industrial integration across GCC countries.

The Undersecretaries discussed the latest developments in establishing a unified definition of the Gulf national product and its standards. They also considered the proposals presented by the GCC countries regarding defining localization percentages and the selection of suitable incentives to achieve balanced competitiveness of the Gulf national products and supporting the private sector, reviewing the progress made by member states in this regard.

Furthermore, H.E. the Undersecretary of the Ministry of Commerce and Industry participated in the first regular session of the Executive Office of the Gulf Organization for Industrial Consulting (GOIC) in 2024. The meeting focused on implementing decisions made during the second regular session in 2023. It also discussed the outcomes of implemented decisions taken by the Industrial Cooperation Committee in meetings (49) and (51), which are related to the organization’s operations.

The Qatari-Tajik Business Forum Explores Ways for Strengthening Collaboration between the Two Countries

 

His Excellency Mr. Emomali Rahmon, the President of the Republic of Tajikistan, and His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, the Minister of Commerce and Industry, together inaugurated the Qatari-Tajik Business Forum in Doha. The purpose of the forum is to highlight investment opportunities available in both Qatar and Tajikistan, as well as to discuss ways to enhance cooperation and economic partnership between the two nations. Representatives from Chambers of Commerce, prominent businessmen, investors, and leaders and delegates from major Qatari and Tajik companies across various sectors attended the event.

In his opening speech, H.E. Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Industry, praised the strong and distinguished relations between the State of Qatar and the Republic of Tajikistan, emphasizing that these relations have been further strengthened through official visits exchanged between the two countries in recent years.

H.E. the Minister said that the objective of this meeting is to establish a platform for dialogue between the governmental and private sectors of both countries. The aim is to discuss and identify opportunities for collaboration and investment across various fields and sectors, aligning with the developmental goals of both nations.

Moreover, the invitation was extended to Tajik investors and companies to leverage the economic and investment environment offered by the State of Qatar, encouraging them to build new partnerships across pivotal sectors including pharmaceutical industries, food manufacturing, innovation and technology, and others to address the demands of the local Qatari market and move into emerging markets regionally and globally.

At the forum, various aspects of the business environments in both Qatar and Tajikistan were discussed, with a focus on enhancing cooperation in different fields. Additionally, representatives from the Qatari private sector and Tajik producing/exporting companies held several bilateral meetings, to explore opportunities for collaboration, exchange experiences, and establishing new investment partnerships in sectors of mutual interest.

The State of Qatar Participates in the 3rd Edition of the Future Minerals Forum Hosted in the Kingdom of Saudi Arabia

 

The State of Qatar participated in the roundtable meeting of ministers concerned with the mineral resources sector. The event was organized by the Ministry of Industry and Mineral Resources of the Kingdom of Saudi Arabia within the framework of the 3rd edition of the Future Minerals Forum held from January 9 to 11, 2024, in Riyadh.

Mr. Hassan bin Sultan Al-Ghanim, Assistant Undersecretary for Consumer Affairs at the Ministry of Commerce and Industry, participated in the meeting. The gathering was attended by several ministers and officials dedicated to the mining sector from different countries across the world. The event was also attended by government and non-governmental representatives, and multilateral agencies concerned with mining regionally and internationally.

During the meeting various topics were covered, addressing the global challenges encountered by the minerals sector, such as enhancing cooperation to support technology development throughout the value chain, advancing the green minerals value chain with the backing of reliable, affordable, and abundant renewable energy sources, and prompting community trust through responsible mining, implementing high standards of environmental, social, and governance performance, as well as certifying the production and supply of minerals.

The Assistant Undersecretary for Consumer Affairs, participated in the forum proceedings, which included panel discussions addressing various topics, such as advancing the sector’s future agenda and addressing development issues emphasized in the previous edition of the event. The discussions revolved around issues related to the mining sector, covering areas from Africa to West and Central Asia. The focus was on attracting investments to mineral industries in these regions, promoting the integration of the latest digital technologies in the sector, and ensuring adherence to the best sustainability standards. Furthermore, the event examined the current global situation and its impact on mineral and energy supplies in the future, evaluating the state of mining in the region and the world. It also explored the contribution of mining projects to community development, reviewed past improvements, and assessed the capabilities and opportunities within the sector, specifically in the Kingdom of Saudi Arabia and the broader region.

Furthermore, Mr. Al-Ghanim participated in the ninth consultative meeting of their Excellencies the Arab Ministers concerned with mineral wealth affairs. This meeting was organized by the Arab Organization for Industrial Development, Standardization, and Mining in collaboration with the Ministry of Industry and Mineral Resources in the Kingdom of Saudi Arabia. Several topics were discussed during the meeting, including the initiative to rehabilitate old mines and quarries to achieve sustainable development. Moreover, the meeting addressed the hosting of the “Seventeenth Arab International Mineral Resources Conference” and its accompanying exhibition by Arab countries in cooperation with the organization.

The Arab Future Minerals Platform was officially launched during the meeting to provide a supportive and interactive space for the Arab mining industry.

H.E. Minister of Commerce and Industry meets with UK Minister of State for Trade Policy

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Mr. Greg Hands, United Kingdom Minister of State for Trade Policy in the Department for Business and Trade, who is currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has implemented to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors and businessmen to invest in Qatar.

The Ministry of Commerce and Industry Named Among Finalists in HRO Today Awards for Excellence in Human Resources Management Across Europe, the Middle East, Africa, and North America Regions

The Ministry of Commerce and Industry has announced its nomination among finalists in the HRO Today Association Awards for Excellence in Human Resources Management across the regions of Europe, the Middle East, Africa, and North America. This year’s Human Resources Awards include many categories, prominently featuring the Best HR Team of the Year, Business Partnership Excellence, Innovation in HR, individual awards for HR Excellence and HR Leadership, and several other categories.

The Ministry’s participation in this initiative comes in line with its efforts to support human resources, based on a profound awareness of their pivotal role in realizing the Ministry’s objectives, in alignment with the Qatar National Vision 2030. Throughout its participation, the Ministry highlighted achievements in coordinating human resources programs and initiatives with the strategic priorities of the Ministry, in addition to its efforts in managing and supporting human resources. Additionally, the Ministry set plans to nurture national talent, enhance capabilities, craft comprehensive training policies, and launch initiatives to strengthen corporate culture while boosting creativity and innovation skills.

The HRO Today Association Awards is an annual program designed to honor distinguished leaders, professionals, and entities in the field of human resources. The awards aim to spotlight outstanding achievements and initiatives in the areas of cooperation, innovation, and communication.

The Ministry of Commerce and Industry Organizes a Seminar on the Electronic System for Shareholding Companies

The Ministry of Commerce and Industry organized a seminar to announce the launch of the electronic system for arranging general assemblies of shareholding companies. The seminar was attended by representatives from shareholding companies and audit offices.

This initiative is a result of the collaboration between the Ministry of Commerce and Industry and EDAA, Qatar’s Central Securities Depository. The objective of this digital platform is to enhance shareholder participation effectively by providing the service of conducting annual general meetings for shareholding companies remotely, facilitating electronic voting for shareholders on presented agenda items during general assemblies. It ensures immediate access to voting results and the final general assembly report, with the aim of offering flexibility to shareholders and their representatives, facilitating access to general assemblies of shareholding companies and streamlining the voting process on agenda items.

The digital platform also seeks to emphasize the significance of shareholders’ roles in fully and effectively practicing their voting rights during annual general assembly meetings through the convenience of remote meetings, ultimately enhancing shareholder participation.

In his statement for this occasion, Mr. Salem bin Salem Al Mannai, Director of the Corporate Affairs Department at the Ministry of Commerce and Industry, commended this platform. He emphasized that the introduction of the digital platform, through collaboration between (EDAA) and the Ministry of Commerce and Industry, for conducting remote general assemblies, would significantly contribute to streamlining the establishment, management, and organization of general assemblies, facilitating remote voting and decision-making processes.

He added, “This initiative aligns with the Ministry’s efforts to facilitate investment and commercial activities in the country by removing barriers for investors, safeguarding them from unfair practices. It aims to enhance the development and organization of the commercial companies’ sector, offering comprehensive support and improving the regulatory environment through the development of tools that help companies achieve the highest level of compliance with the law. This initiative supports the Ministry’s digital transformation efforts in line with the goals of the Qatar National Vision 2030.”

Sheikha Jawaher bint Mohammed Al-Thani, Head of the Control and Inspection Department at the Ministry of Commerce and Industry, presented introductory videos about the digital platform during the seminar. In her speech, she highlighted the Ministry’s dedicated efforts to introduce this system to the public, aiming to enhance the management and organization of general assembly meetings for companies. She emphasized the program’s role in achieving the highest standards in the field of corporate governance. Sheikha Jawaher also highlighted the program’s significance in streamlining the work of investors and shareholders, thus improving the operations of shareholding companies and contributing to the overall economic development in the country.

H.E. Sheikh Saif bin Abdullah Al Thani, CEO of Qatar Central Securities Depository Company (QCSD), stated, “EDAA is pleased to announce the initiation of the Electronic Annual General Assemblies (E-AGM) system in the State of Qatar. This signifies a crucial advancement in our path towards the digital transformation of corporate governance. This step highlights our dedication to encouraging a more efficient and transparent business environment, in line with our national vision of adopting digital solutions for a smarter future.”

He added, “Embracing the Electronic Annual General Assemblies system is pivotal for improving shareholder participation, ensuring adherence to the standards of regulations and laws, and ensuring the highest levels of security and transparency.”

Moreover, presentations were conducted to familiarize listed shareholding companies with the mechanism and process of utilizing the new platform for submitting requests to hold general assemblies to the Ministry electronically. Furthermore, shareholders were introduced to the steps for registering to attend general assembly meetings and other services offered by the platform.

At the end of the seminar, representatives from the Ministry and (EADD) addressed questions from the audience regarding the digital platform.

Shareholders and stakeholders can obtain comprehensive information about the recently implemented general assembly’s system and stay updated on the latest developments through the Ministry’s website and the (EDAA) website at: Edaa.gov.qa

Ministry of Commerce and Industry Announces Referral of Five Cases of Commercial Concealment to Public Prosecution

The Ministry of Commerce and Industry announced that five cases of commercial concealment have been referred to the Public Prosecution since the issuance of Law No. 3 of 2023 regarding combating the concealment of non-Qataris practising commercial, economic, and professional activities in violation of the law. This comes from reports received by the Anti-Concealment Committee and the analysis of several commercial registrations over the past months.

The Ministry affirmed that the Anti-Concealment Committee, involving various government entities, is reviewing reports received through the Ministry’s website (www.moci.gov.qa). Moreover, legal actions are being pursued against all offenders.

The Ministry, underlining the imperative need for corrective action, emphasizes the damaging effects of commercial concealment. Most of the profits generated through concealment are funnelled outside the country, negatively impacting the national economy and contributing to a rise in incidents of commercial fraud due to the influx of poor-quality products and services.

The Ministry clarified that commercial concealment involves facilitating a non-Qatari in participating in a commercial activity prohibited by law. This entails utilising or licensing the commercial register, among other practices that lead to concealment.

The Ministry of Commerce and Industry Hosts Delegation from the Ministry of Industry and Mineral Resources of The Kingdom of Saudi Arabia

The Ministry of Commerce and Industry hosted a delegation from the Ministry of Industry and Mineral Resources of the Kingdom of Saudi Arabia, visiting Doha from December 20 to 21.

During the visit, a bilateral meeting took place between a delegation from the Ministry of Commerce and Industry, led by His Excellency Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, and a delegation from the Ministry of Industry and Mineral Resources in the Kingdom of Saudi Arabia, headed by His Excellency Engineer Al-Bader bin Adel Fouda, Acting Undersecretary of Development and Supervisor of the Empowerment Agency. Experts from both delegations were present and participated in the meeting.

This visit is part of the ongoing efforts to enhance collaboration between the State of Qatar and the Kingdom of Saudi Arabia, and it aligns with the decision of the Industrial Cooperation Committee made during its meeting in October 2022 to adopt the unified Gulf strategy for industrial development, which is developed to support industrial integration among the GCC countries.

During the meeting, several topics were discussed, encompassing the priorities of the industry and mineral wealth system, aspects of industrial integration between the State of Qatar and the Kingdom of Saudi Arabia for 2024, the priorities of the Fourth Industrial Revolution, and the strategies of both countries in the field of supply chain integration, origin rules within the Gulf region, talent and workforce, and investment. Furthermore, the future factories program was also examined.

On the sidelines of this meeting, workshops were also held at the headquarters of the Qatar Business Incubation Center, a QDB Incubator. The workshops focused on the Future Factories Programme, the priorities of the industrial system, and aspects of industrial integration between the State of Qatar and the Kingdom of Saudi Arabia in 2024.

During the visit, a field tour was organized for the Saudi delegation to the industrial areas in Doha. They had the opportunity to tour model factories (Jahiz1), an initiative launched by the business incubator, and visit successful Qatari industrial projects aligned with the future factories model. The aim was to familiarize the Saudi side with the most significant ongoing industrial projects recently launched in the country.

The two delegations proceeded their bilateral meeting on the second day of the visit at the Ministry of Commerce and Industry Headquarters, where discussions were dedicated to cover several topics of common interest.

At the conclusion of the meeting, both the Qatari and Saudi delegations proposed numerous joint initiatives and recommendations aimed at advancing collaborative efforts and expanding the scope of bilateral work in the industrial sector.

 

Ministry of Commerce and Industry Signs Agreement with Qatar Finance and Business Academy

The Ministry of Commerce and Industry signed an agreement with the Qatar Finance and Business Academy to coordinate and strengthen collaborative efforts in the field of training and professional development for the Ministry’s employees, aiming at nurturing a skilled workforce in its relevant sector.

As per the agreement, the two parties have committed to strengthening collaboration to deliver programs focused on training and professional development, as well as dedicated initiatives tailored to meet the specific requirements of the Ministry’s employees and enhance productivity. Additionally, they will present a program for the project designed to develop the framework of training plans to establish the outline for training and development, creating essential tools and guidelines to assist the Learning and Development Department in implementing its programs for the Ministry’s employees.

The MOU was signed by Mr. Abdullah bin Ali Al-Khowaiter, Director of the Human Resources Department at the Ministry of Commerce and Industry, and Mr. Majed bin Abdulaziz AlKhulaifi, Director of Training and Development at the Qatar Finance and Business Academy.

On this occasion, Dr. Yahya bin Saeed Al Jafali Al Nuaimi, Assistant Undersecretary for Shared Services Affairs at the Ministry of Commerce and Industry, conveyed his contentment regarding the signing of the agreement. He emphasized that this agreement is aimed at developing a skilled workforce aligned with the latest international practices. It also serves to support the Ministry’s ongoing efforts in developing its human resources, refining their skills, elevating their professional standards, and enhancing overall productivity to achieve QNV 2030.

He further added that, according to the agreement, cooperation between the two parties will be strengthened by capitalizing on the expertise, capabilities, and resources of the Qatar Finance and Business Academy, particularly in the field of training and professional development. These resources will be utilized in line with the Ministry’s goals and vision, enhancing the professional capabilities of its employees.

Mr. Khalifa Al Salahi Al Yafei, CEO of Qatar Finance and Business Academy, said, “We are pleased to sign the agreement with the Ministry of Commerce and Industry, marking the commencement of a project dedicated to the development of the Ministry’s framework and training plans.” He also highlighted that the Qatar Finance and Business Academy stands as a leading institution in designing and implementing training processes, both for the public and private sectors.

Mr. Al Yafei underlined that the project comprises two phases. The initial phase involves comprehending, reviewing, and evaluating the current status of training initiatives, identifying needs, and designing structures accordingly. The following phase will focus on the design of essential tools and guides, facilitating knowledge transfer, and nominating educational partners. He further emphasized that the anticipated timeline for the project’s implementation is (6) months. He underscored the project’s commitment to fulfilling its objectives, particularly in developing and equipping new generations of leaders and employees in the Ministry.

 

H.E. Minister of Commerce and Industry Meets with US Assistant Secretary of Commerce

 

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Mr Arun Venkataraman, Assistant Secretary of Commerce for Global Markets, and Director General of the United States (US) and Foreign Commercial Service, who is currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has implemented to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors and businessmen to invest in Qatar.

H.E. Minister of Commerce and Industry Meets Uzbek Counterpart

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Mr Laziz Kudratov, Minister of Investment, Industry and Trade of the Republic of Uzbekistan, who is currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has implemented to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors and businessmen to invest in Qatar.

The Ministry of Commerce and Industry Recognizes Companies Supporting the Qatari Products Campaign 2023 and Participants in the 1000 Opportunities Platform

The Ministry of Commerce and Industry organized a ceremony to recognize companies that have supported the Qatari Products 2023 campaign, along with companies participating in the “1000 Opportunities” Platform. The event took place at the Ministry’s headquarters in Lusail.

The ceremony underscores the Ministry’s commitment to bolstering the private sector and encouraging its active involvement in advancing the State’s efforts to support and promote Qatari products. This initiative also aims to enhance the productivity of national industries across various fields.

During his speech at this event, His Excellency Mr. Saleh bin Majed Al-Khulaifi, Assistant Undersecretary for Industrial Affairs and Business Development at the Ministry of Commerce and Industry, emphasized that the campaign to support the Qatari product, recently launched in cooperation with the largest retail outlets in the country, reflects the Ministry’s belief in the pivotal role of the Qatari product in achieving self-sufficiency in Qatar. This, in turn, enhances the ability of the national economy to face various regional and global challenges that could impact local markets.

He added that the Ministry is currently developing action plans to explore ways of expanding support for the national product across various sectors. He noted that the priority given to Qatari products in pharmaceutical factories has been increased from the current 10% to 30%.

Regarding the “1000 Opportunities” initiative launched by the Ministry in 2022, he stated that contracts worth more than 1.7 billion Qatari riyals had been signed until last November through cooperation with eight international companies.

Mr Al-Khulaifi added that work is underway within the platform to cooperate with new companies to enhance the success of this initiative and support the private sector.

During the event, a number of companies supporting the Qatari product campaign, and companies contributing within the 1000 Opportunities platform, were honored.

The Ministry of Commerce and Industry recently launched a campaign to support the Qatari product, under the slogan “Together to Support National Products.” Many large retail outlets across the country participate in this initiative by displaying Qatari products and showcasing aligned posters and banners in the sections that contain these products. Various local delivery service companies contribute to this effort by dedicating a distinct category within their applications to introduce customers to Qatari products.

It is worth mentioning that the “1000 Opportunities” platform serves as an important tool enabling local investors to explore the key investment opportunities and projects presented by leading companies across diverse economic sectors in the country.

 

H.E. Minister of Commerce and Industry meets with Iranian Minister of Industry, Mine and Trade

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met with H.E. Mr Abbas Aliabadi, Minister of Industry, Mine and Trade of the Islamic Republic of Iran. The meeting took place on the sidelines of the ninth session of the Qatari-Iranian Joint Committee that was held in Tehran.

The meeting was also attended by His Excellency Sheikh Khalifa bin Jassim Al-Thani, The Chairman of Qatar Chamber of Commerce.

 

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has implemented to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors and businessmen to invest in Qatar.

The State of Qatar and the Islamic Republic of Iran Explore Strategies for Enhanced Cooperation across Various Fields

The State of Qatar participated in the ninth session of the Qatari-Iranian Joint Committee, which took place in Tehran. His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry of the State of Qatar, and His Excellency Mr. Ali Akbar Mehrabian, Minister of Energy of the Islamic Republic of Iran, chaired the session. The event was also attended by His Excellency Sheikh Khalifa bin Jassim Al-Thani, The Chairman of Qatar Chamber of Commerce.

In his speech during the meeting, H.E. the Minister of Commerce and Industry, commended the close and distinguished relations between the State of Qatar and the Islamic Republic of Iran. He noted that these relations have been consolidated through official visits exchanged between the two countries, highlighting the shared commitment of the leadership of both nations to advance the development and diversification of bilateral cooperation.

H.E. stated that the meeting represents an important opportunity to build on the results reached during the previous session of the Joint Committee, and it also reflects the mutual dedication of both sides to continue efforts to enhance the collaboration between the two countries. H.E. shared his vision that this meeting will contribute to expanding and diversifying the strategic partnership between the two nations, opening new horizons and creating opportunities for the Qatari and Iranian business sectors. He also expressed confidence in the contribution of the Qatari-Iranian Business Council to strengthening intra-regional trade, facilitating the flow of goods and services, and enhancing partnership between the Qatari and Iranian business sectors.

H.E. highlighted the positive investment prospects available within the State of Qatar, encouraging Iranian investors and companies to delve into these opportunities and leverage them to initiate successful investment partnerships, anchored in the shared visions and objectives of both countries.

During the Qatari-Iranian Joint Committee, the two sides discussed opportunities for cooperation in various sectors of shared interest and reviewed progress on the recommendations of the joint technical work team. Additionally, both parties discussed various means to strengthen collaborative efforts in several areas including trade and industry, customs, healthcare, scientific research, transportation, maritime shipping, communications and information technology, agriculture, free zones, culture, sports as well as the workforce.

The two sides agreed to take measures to strengthen trade, investment, and industrial collaboration in a way that increases trade and streamlines the flow of goods and services.

 

H.E. Minister of Commerce and Industry meets with Iranian Minister of Energy

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met with H.E. Mr Ali Akbar Mehrabian, Minister of Energy of the Islamic Republic of Iran. The meeting took place on the sidelines of the ninth session of the Qatari-Iranian Joint Committee that was held in Tehran. The meeting was also attended by His Excellency Sheikh Khalifa bin Jassim Al-Thani, The Chairman of Qatar Chamber of Commerce.

 

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has implemented to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors and businessmen to invest in Qatar.

H.E. Minister of Commerce and Industry meets with the Chairman of the Iraqi National Investment Commision

 

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Dr. Haider Muhammad Makkiya, Chairman of the National Investment Comission of the Republic of Iraq, who is currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has implemented to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors and businessmen to invest in Qatar.

H.E. Minister of Commerce and Industry Inaugurates “Investment Hub” Pavilion at Expo 2023 Doha

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, and in the presence of His Excellency Dr Abdullah bin Abdulaziz bin Turki Al Subaie, Minister of Municipality and Chairman of the national committee for hosting the Horticultural Expo 2023 Doha, inaugurated the Investment Hub Pavilion at Expo 2023 Doha, taking place in Qatar from October 2, 2023, to March 28, 2024, under the slogan “A green desert, a better environment”.

H.E. the Minister of Commerce and Industry stated that the “Investment Hub” pavilion provides an excellent platform for enhancing investment, industrial, and trade cooperation relations with the participating countries in the exhibition.

H.E. explained that the “Investment Hub” pavilion has been set up to showcase Qatar’s national economy and its prominent position at both regional and international levels. The pavilion aims to introduce the investment environment and promising opportunities that Qatar offers to businessmen and investors from around the world.

H.E. the Minister of Commerce and Industry and H.E The Minister of Municipality took a tour of the Investment Hub pavilion, gaining insights into the most notable projects and initiatives highlighted by the participating entities. These entities include the Ministry of Commerce and Industry, The Investment Promotion Agency Qatar, Qatar Financial Centre, Qatar Free Zones Authority, Qatar Science and Technology Park, and Media City Qatar.

The pavilion offers an interactive experience for visitors to explore the investment journey. It highlights the tailored support and benefits available to investors from exploration to establishment and expansion.

Participating entities in the pavilion shed light on the business environment and initiatives launched to facilitate business processes including the legal and administrative requirements.

The pavilion showcases some of the most important laws and legislation enacted to encourage foreign investments. These include the law regulating the investment of non-Qatari capital in economic activities, allowing foreign investors to own 100% in many sectors. Additionally, it features the law regulating non-Qatari ownership and use of real estate, as well as the law governing partnerships between the government and private sectors.

It is worth noting that the Investment Hub Pavilion’s participation in Expo 2023 Doha aims to promote Qatar’s position as a global business hub at both regional and international levels.

 

 

The State of Qatar Participates in the 39th Session Meetings of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC)

The State of Qatar participated in the meetings of the thirty-ninth session of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC), chaired by His Excellency Recep Tayyip Erdoğan, President of the Republic of Türkiye, from 2 to 5 December 2023.

Qatar’s participation in the meetings of the COMCEC reflects its commitment to continuous cooperation and the consolidation of bilateral relations with all the organization’s member states.

H.E. Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, delivered a speech on behalf of the Arab group during his participation in the Ministerial Session of COMCEC. In his address, he praised the efforts of the Republic of Türkiye to enhance joint Islamic action and implement the COMCEC strategy and the ten-year plan of action (2016-2025).

H.E. emphasized that this meeting takes place in the context of significant geostrategic challenges, influencing the global economic landscape. These challenges require close collaboration within the Islamic community and the consolidation of economic and commercial cooperation under COMCEC to propel collective Islamic initiatives forward and support intra-trade relationships among the member states of the organization.

H.E. also expressed hope that this meeting will support the launch of initiatives and the establishment of a shared understanding to facilitate the active involvement of all member states, encompassing the implementation of the ten-year plan of action of the Organization of Islamic Cooperation to elevate the proportion of intra-trade to 25% by 2025.

In the context of discussing the economic policies of the State of Qatar, H.E. emphasized that the state has achieved success through its long-standing economic diversification strategy, aligning with the Qatar National Vision 2030. This strategy has been essential in enhancing vital economic sectors, encouraging entrepreneurship, and supporting the small and medium enterprises sector, positioning Qatar as one of the world’s strongest economies.

The session included a comprehensive discussion on the implementation report of the COMCEC strategy. Additionally, the OIC implementation plan 2016-2025 (OIC – 2025: Programme of Action) was discussed, with the OIC General Secretariat presenting a detailed report on the progress achieved and recent developments.

The meeting covered global economic developments, focusing on member states of the OIC. It addressed several critical topics, including the development of financial cooperation among member states, enhancements in transport and communications infrastructure, efforts aimed at the development of the tourism sector, initiatives to boost agricultural production, ongoing measures to ensure food security, and collaborative endeavors in digital transformation. Furthermore, participants exchanged views on strategies to enhance e-commerce in the countries of the Islamic world.

Moreover, the meeting addressed various topics concerning intra-trade among the member states of the OIC. The leaders of participating delegations engaged in discussions on matters of mutual interest, exploring avenues to enhance the role of the private sector in economic cooperation among member states. In this context, the Islamic Chamber of Commerce, Industry, and Agriculture presented a comprehensive report outlining recent developments from the private sector meetings.

The Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC), established in 1981, operates as the foremost platform for nurturing multilateral economic and commercial cooperation within the Islamic world.

The Ministry of Commerce and Industry Collaborates with Qatar University to Organize Auditors’ Qualifying Test

The Ministry of Commerce and Industry announced a collaboration between the Ministry’s Auditors Affairs Committee and Qatar University. This partnership aims to prepare and organize the qualifying test for auditors. As part of this cooperation, the responsibility for the preparation and organization of the qualifying test for practicing the auditing profession has been entrusted to Qatar University.

On this occasion, a ceremony took place with the attendance of H.E. Eng. Mohamed Hassan Al-Malki, Assistant Undersecretary for Commerce Affairs at the Ministry of Commerce and Industry and Chairman of the Committee, along with Dr. Rana Sobh, Dean of the College of Business and Economics at Qatar University, and Dr. Hashim Al-Sayed, Chairman of the Qatar Association of Certified Public Accountants. The event was also attended by various Ministry officials and university representatives.

This initiative aligns with the Ministry of Commerce and Industry’s efforts to cultivate collaborative partnerships with key entities in the country, especially Qatar University, to enhance the business environment and support private sector entities through the development of auditing systems and the provision of ongoing support and training of accountants and auditors to elevate their academic proficiency and professional competence. This concerted effort seeks to fortify their capacity to promote effective corporate governance within companies, thus enhancing their overall performance and reinforcing their pivotal role in advancing the ongoing economic and financial prosperity of the State of Qatar.

It is worth noting that this initiative aligns with Article No. (4) (Clause 7) of Law No. 8/2020 on the Regulation of the Auditing Profession, which requires that individuals registered in the auditors’ register should pass the aptitude test to pursue the profession, as specified by the Committee. In accordance with this requirement, the Auditors Affairs Committee has delegated the responsibility to Qatar University for the preparation and organization of the qualifying test for the practice of the auditing profession.

The Ministry of Commerce and Industry Organizes a Seminar on the Quality of Auditing Work and Its Impact on Financial Data Users

 

The Ministry of Commerce and Industry hosted a seminar titled «The Quality of Auditing Work and Its Impact on Users of Financial Data». Various participants attended the event, including the General Tax Authority, Qatar University, the Qatar Association of Certified Public Accountants, financial managers from small and medium-sized enterprises, as well as auditors representing accounting offices and companies.

Organizing this seminar aligns with the Ministry’s commitment to advancing the accounting and auditing profession, governed by Law No. (8) of 2020 on the Regulation of the Auditing Profession. It seeks to discuss the issues and challenges encountered by auditors, with a concerted effort to contribute to the growth of the accounting and auditing profession, which serves as a safeguard for the stability and progress of the national economy.

Moreover, the seminar shed light on several topics, encompassing an introduction to the accounting and auditing profession and its vital role in assessing and overseeing economic activities, companies, and economic entities. It emphasized the significance of the auditing process’s quality in enhancing transparency and reliability in financial data. Additionally, discussions addressed the mechanism for advancing the auditing profession and the critical necessity to elevate accounting awareness among community members.

The seminar also shed light on the factors influencing the quality of audits from the perspective of external auditors. This included considerations such as the client, adherence to professional standards and ethics, the level of performance quality, and the stakeholders benefiting from the auditors’ reports.

The Ministry of Commerce and Industry Participates in the 9th Edition of the “Made in Qatar” Exhibition

 

The Ministry of Commerce and Industry is participating in the 9th edition of the “Made in Qatar” exhibition which is taking place from November 29 to December 2, 2023, at the Doha Exhibition and Convention Centre (DECC).

The Ministry’s participation in the exhibition comes as part of its efforts to promote the private sector’s involvement in advancing industrial development while supporting the national product.

The Ministry participates in the exhibition through a pavilion, serving as an insightful showcase to present key aspects of the Manufacturing Strategy , and projections for the growth of the industrial sector. In addition, the Ministry is participating in a panel discussion on the future of the industrial sector.

Furthermore, the pavilion sheds light on the Ministry’s efforts to boost the competitiveness of the national product at local, regional, and global levels. It also emphasizes the Ministry’s role in combatting harmful practices detrimental to the national product as well as in mitigating the challenges faced by industrial projects.

The Ministry’s pavilion exhibits the laws and regulations on commercial registration along with the most important initiatives launched to ease business operations. These include the single window platform and e-services provided through the Ministry’s official website and mobile application.

The “Made in Qatar” exhibition serves as a platform that brings together the most prominent national industries and Qatari products. Its primary objectives include supporting the Qatari industry, promoting the national product, facilitating collaboration between Qatari business owners and local companies, and initiating discussions on establishing partnerships directed at enhancing the national industry.

The Ministry of Commerce and Industry Announces Timing Change for Fish Auctions in Umm Salal Central Market

 

The Ministry of Commerce and Industry announced a change in the timing of fish auctions at the Umm Salal Central Market, moving them from the morning to the evening (for a trial period).

 

The time for holding fish and seafood auctions in Umm Salal Central Market has been approved to be during the period after the Maghrib prayer(after sunset).

 

This decision aligns with the Ministry’s commitment to facilitating consumer access to fish and seafood at reasonable prices while also offering fishermen the chance to boost their sales during peak demand.

H.E. Minister of Commerce and Industry meets with the Italian Minister of Enterprises and Made in Italy

 

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with Minister Adolfo Urso, the Italian Minister of Enterprises and Made in Italy, who is currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry highlighted the successful economic policies that Qatar has implemented to support the private sector. In addition, H.E. pointed out the incentives, legislations, and promising opportunities available to encourage investors and businessmen to invest in Qatar’s economy.

H.E. Minister of Commerce and Industry Meets Lebanese Caretaker Minister of Economy and Trade

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met with H.E. Caretaker Minister of Economy and Trade of the Republic of Lebanon Amin Salam.

 

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

 

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has implemented to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors and businessmen to invest in Qatar.

 

Qatar Participates in the 14th Bosphorus Summit in Istanbul

The State of Qatar participated, with a delegation headed by His Excellency Sheikh Mohammed Bin Hamad Bin Qassim Al-Thani, Minister of Commerce and Industry, in the fourteenth Bosphorus Summit, which is took place in Istanbul, from 16 to 17 November under the theme “Navigating the Next Century: Challenges and Promises.”

H.E. the Minister of Commerce and Industry expressed his pleasure at participating in the influential assembly during his speech at the summit. He stressed the summit’s significance as a leading global forum that brings together leaders, experts, and stakeholders to share ideas and provide invaluable insights across various fields. Additionally, he underscored its importance as an international platform fostering collaboration and disseminating best practices, in line with the shared goal of advancing stability and fostering prosperity on a global economic level.

 

H.E. highlighted that the current event of the Bosphorus Summit is taking place amidst a period defined by an array of challenges that bear substantial consequences for the global economy. Among these challenges are the critical issues of the food security crisis and climate change.

Additionally, H.E. underscored Qatar’s active participation in the summit, emphasizing its commitment to establishing strategic partnerships with countries worldwide. This dedication extends to promoting initiatives aimed at fostering a sustainable global economy through the development of new international alliances and strengthening multilateral cooperation. The summit plays a crucial role in embracing critical perspectives and visions necessary for the economic progress of nations. These initiatives are essential for empowering economies to effectively tackle the pressing challenges of the modern world.

 

In his address, H.E. highlighted the strategic initiatives undertaken by Qatar as outlined in QNV 2030. Those initiatives aim to connect the advancements in science and technology for a transformative impact, steering towards a more promising future. He also underscored the notable progress achieved over the past two decades, with the country experiencing substantial infrastructural development and robust growth across diverse industries. This trajectory has positioned Qatar among the strongest economies globally.

H.E. stated that in alignment with the government’s vision to position Qatar as a hub for digital innovation, numerous initiatives have been initiated across various sectors. The overarching objective is to facilitate technological advancements, elevating their contribution to overall growth and sustainability.

On a different note, H.E. explained that Qatar has placed significant emphasis on digital security and cybersecurity. On a domestic scale, Qatar established the National Cybersecurity Agency. Qatar is also actively committed to encouraging global cooperation and serves as an active member of the Global Cybersecurity Forum.

Wrapping up his speech, H.E. the Minister expressed his hopes for the successful achievement of the summit’s goals, and expressed his belief that the resulting outcomes would facilitate improved economic and trade collaboration among the nations involved, thereby making significant contributions to shared initiatives.

 

Throughout its course, the summit’s sessions and seminars covered several significant issues. It  included an exploration of the prospects for the next century, considerations on climate and the green economy, conflict resolution strategies, the dynamics of the Arab-Turkish dialogue, the Belt and Road initiative, developments in banking and financial services, defence industries, and cybersecurity, as well as discussions on infrastructure and urban development investments. Additionally, the summit examined matters related to global health and health law, strategies for accessing global markets and trade areas, the influential role of artificial intelligence in the digital race, and significant discussions on capital markets.

The summit also featured discussions on the impacts of the global climate crisis on the agricultural and food sector, the evolving landscape of working life through the redefinition of real estate investments, international journalism, the prospective developments in professional sports, globalization’s influence on higher education, and the evolving role of women in the economy.

The Bosphorus Summit holds a significant position as a crucial platform uniting politicians, businessmen, and entrepreneurs from countries in the Middle East and around the world. The primary objective is to engage in discussions regarding visions, ideas, and the practical implementation of various projects. Moreover, the summit serves as a forum for deliberating on the future of international relations and regional cooperation. By bringing together political figures and representatives from various economic sectors, the summit casts a spotlight on paramount issues, thereby promoting and ensuring successful trade cooperation between nations, both on regional and global scales.

The Qatari-Egyptian Investment Forum Cairo Egypt, November 14th, 2023

The Qatari-Egyptian Investment Forum, which took place in Cairo on Tuesday, November 14th, was officially inaugurated by His Excellency Sheikh Mohammed Bin Hamad Bin Qassim Al-Thani, the Minister of Commerce and Industry; His Excellency Eng. Ahmed Samir Saleh, the Minister of Trade and Industry; and His Excellency Eng. Mahmoud Esmat, the Minister of Public Enterprise of Egypt.

 

During his opening speech, the Minister of Commerce and Industry emphasized on the historical ties between the State of Qatar and the Arab Republic of Egypt, acknowledging the significant developments that has been achieved through reciprocal official visits and the shared commitment of the leadership between both countries. The forum was highlighted as a crucial platform for discussing investment opportunities, fostering partnerships between the Qatari and Egyptian private sector, expanding reciprocal investments, and increasing bilateral trade volume.

 

H.E. The Minister of Commerce and Industry further elaborated on the recent successes in Qatar’s economic diversification plan, particularly in spurring growth in the non-hydrocarbon sector. The Minister also recognized the positive impact of hosting the FIFA World Cup Qatar 2022, which has elevated Qatar’s global reputation and positioned it as a leading investment hub in the region.

 

In his concluding remarks, the Minister encouraged Egyptian businesses to take advantage of Qatar’s favorable business environment and legal frameworks for foreign investors. The forum was emphasized as a platform for exploring investment opportunities and strengthening bilateral trade ties. Prominent businessmen, investors, CEOs, and representatives from leading Qatari and Egyptian companies across various sectors had the opportunity to engage and interact in order to establish business partnerships.

 

Additionally, Ministers from both sides witnessed the signing of agreements between Qatari and Egyptian private sector representatives, further demonstrating the overarching goals of the forum.

 

Qatar Participates in the GCC -Türkiye Economic Forum in Istanbul

Qatar participated in the GCC- Türkiye Economic Forum held in Istanbul from November 11 to 13. The opening ceremony was attended by His Excellency Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, and Mr. Jasem Mohamed Albudaiwi, Secretary-General of the Gulf Cooperation Council, along with the ministers and undersecretaries of commerce from GCC countries. The ceremony was also attended by high-profile officials from the Republic of Türkiye, as well as prominent business figures from both the Gulf Cooperation Council countries and Türkiye.

H.E. the Undersecretary of the Ministry of Commerce and Industry, engaged in the discussion session titled “Trade and Investment Relations in GCC and Türkiye.” H.E. conveyed his appreciation for participating in this significant forum, highlighting its pivotal strategic advancement in developing stronger relations between the GCC countries and Türkiye. He emphasized its significance, deeply rooted in the longstanding history of geographical, economic, religious, and cultural ties.

In this regard, H.E. underscored the strong and enduring ties in the strategic partnership between the State of Qatar and the Republic of Türkiye, which stands as an exemplary model for bilateral relations. He further highlighted Qatar’s key position as one of Türkiye’s foremost trading partners, with the trade volume between the two nations experiencing a notable 17% growth, reaching 2.2 billion US dollars in 2022 compared to 1.8 billion US dollars in 2021. Additionally, the Qatari market boasts the active presence of over 771 Turkish companies.

H.E. highlighted that Qatar holds a prominent position as one of the major investors in Türkiye, with investments valued at up to 2 billion US dollars. The Qatar Investment Authority is actively involved in numerous substantial projects across Türkiye.

H.E. also pointed out the significant contributions of the Qatari private sector in various investment sectors that have had a substantial impact on the Turkish economy. These sectors include real estate, contracting, tourism, industry, media, financial services, and healthcare.

Concerning the Qatari economic context, His Excellency stated that Qatar has successfully sustained its balanced economic growth, with the Qatari GDP expanding by 2.7% in the first quarter of this year compared to the corresponding period last year.

H.E. extended an invitation to investors, encouraging them to leverage the distinguished economic and investment environment that Qatar offers for foreign investments. He emphasized the presence of incentives and legislations specifically crafted to promote and facilitate foreign investments, targeting investors, businessmen, and company owners seeking opportunities to invest in Qatar.

The forum featured a series of interactive sessions that underscored key economic sectors, encompassing trade, agriculture, food industries, infrastructure, transportation, logistics, tourism, investment, finance, industry, energy, sports, and other pertinent domains.

The GCC – Türkiye Economic Forum is focused on increasing economic cooperation and facilitating trade interactions between the Gulf Cooperation Council countries and Türkiye. Additionally, the forum aims to promote exchange between entrepreneurs from the Gulf and Türkiye, creating an environment for the development of investment initiatives that align with the interests of both sides.

 

 

H.E. Minister of Commerce and Industry meets with the Senegalese Minister of Commerce, Consumer Affairs, and Small and Medium Enterprises

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Mr. Abdou Karim Fofana, Minister of Commerce, Consumer Affairs and Small and Medium Enterprises of the Republic of Senegal, who is currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has implemented to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors and businessmen to invest in Qatar.

Ministry of Commerce and Industry holds a training session about identifying beneficial owners

The Ministry of Commerce and Industry held a training session titled “Identifying the Beneficial Owner within the Framework of Exercising Due Diligence”. The Session witnessed the participation of several trust fund service providers and companies, auditors, and dealers in precious metals and gems.

The Session took place at the headquarters of the Ministry and dealt with topics related to money laundering and terrorism financing, how to combat it, and how to identify the beneficial owner.

The Session included several presentations that specified the principles and definitions of money laundering and terrorism financing crimes as per Law No. (20) of 2019 and its implementing regulations, the different stages associated with money laundering and terrorism financing, and the most recent patterns in money laundering and terrorism financing in financial institutions and supervised entities.

Moreover, the Session discussed concepts and due diligence measures, their various levels, ways to verify customers and identify beneficial owners, identifying the entities working on behalf of the clients, the types and levels of targeted financial penalties, the external and internal reporting procedures related to suspicious transactions, and the basic principles needed to ensure the compliance of the supervised entities concerning money laundering and terrorism financing requirements.

The Session also showcased the Ministry’s efforts to coordinate and cooperate with the competent authorities to limit illegal financing and reviewed the country’s achievements in implementing initiatives to enhance compliance with the requirements of money laundering and terrorism financing and the proliferation of weapons of mass destruction in financial sectors.

Ministry of Commerce and Industry Highlights Law No. 3 of 2023 on Combating the Concealment of Non-Qataris Practicing Commercial, Economic, and Professional Activities in Violation of the Law

The Ministry of Commerce and Industry highlighted Law No. 3 of 2023 regarding combating the concealment of non-Qataris practicing commercial, economic, and professional activities in violation of the law. This law was issued by His Highness the Amir, Sheikh Tamim bin Hamad Al-Thani, to replace Law No. (25) of 2004.

The new legislation aligns with the approved strategy to modernize legal frameworks and foster an investment climate founded on transparency. Furthermore, it allows for the practice of various economic activities following approved regulations and keeps pace with the latest legislative amendments related to the regulation of non-Qatari capital investment in economic activities.

The new law aims to achieve the following:

  • Ensure fair practices in commercial transactions and establish an environment conducive to investment.
  • Provide stability to commercial enterprises by permitting reconciliation and legalizing the situation of the concealed party, at the expense of the violator.
  • Encourage the reporting of concealment cases.
  • Enhance collaboration between government entities to combat concealment.
  • Involve civil society and increase its role in limiting concealment.
  • Deter through the increase of penalties on concealment crimes.
  • Collect the State’s rightful taxes and any other dues resulting from illegal activities.

 

Concealment cases include:

  • The practice of non-Qatari (the concealed) of any commercial, economic, or professional activity in any of the fields he/she is not authorized to practice.
  • The obtainment of the non-Qatari (the concealed) percentages of profits higher than what’s stipulated in the articles of association of the company or its incorporation document.
  • A Qatari national, whether an individual or a company, facilitating non-Qataris in engaging, in any manner, in commercial, economic, or professional activities that violate applicable laws.

 

In 2004, the Anti-Concealment Committee was established at the Ministry of Commerce and Industry. This committee has been given several powers to receive reports of violations of the Anti-Concealment Law, particularly regarding non-Qataris’ engagement in commercial, economic, and professional activities in violation of the law. The committee assesses the severity of each case and refers it to the Public Prosecution to carry out its jurisdiction over certain violations.

The committee includes representatives from the State Security Service, the Qatar Central Bank, the Ministry of Interior, and the General Tax Authority.

The Anti-Concealment Committee can be reached by email at acc@moci.gov.qa.

Qatar Participates in the First China-GCC Economic and Trade Ministerial Conference

Qatar participated in the First China-GCC Economic and Trade Ministerial Conference, held in Guangzhou, China. The meeting was attended by His Excellency Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry; His Excellency Mr. Wang Wentao, Chinese Minister of Commerce; as well as the Ministers of Economy and Trade from the GCC. The Secretary-General of the GCC, His Excellency Mr. Jassem Mohamed Albudaiwi, and Mr. Wang Weizhong, Governor of Guangdong Province, China, also attended the meeting.

During his speech at the meeting, H.E. the Undersecretary of the Ministry of Commerce and Industry emphasized the strong relationship between the GCC countries and China, which has become an exemplary model for international cooperation, noting that the two sides have worked for several years to deepen and strengthen their ties, as well as to develop the necessary mechanisms to ensure continued consultation and dialogue to achieve an ambitious future partnership based on shared values, interests, and ties between the peoples of the GCC countries and China, as well as the existing bilateral and multilateral cooperation in various fields. H.E. further added that this partnership has enabled China to become the largest trading partner of the GCC countries.

H.E. stated that Qatar believes in the importance of economic and trade cooperation between the GCC countries and China, given the economic weight of this group on a worldwide scale.

The trade volume between Qatar and China increased by approximately 45%, reaching 26 billion US dollars in 2022. China is Qatar’s main trading partner, with around 195 Chinese companies currently operating in the Qatari market.

For his part, H.E. Mr. Wang Wentao, Chinese Minister of Commerce, said: “The convening of the Ministers’ meeting represents an important step in fortifying China-GCC economic and trade cooperation, in light of the China-Arab States summit and China-GCC summit, and in implementing the agreements reached between the Chinese and Gulf leaders, as well as strengthening economic and trade cooperation within the Belt and Road Initiative framework.”

He continued by stating: “This meeting is the first of its kind to hold a collective dialogue between China and GCC in economy and trade. We stand prepared to seize the opportunity of this gathering, working collaboratively to advance the growth and prosperity of our trade and investment cooperation, promoting the convergence of both parties’ interests, ultimately elevating the existing strategic partnership to new heights.”

At the end of the meeting, a joint statement was issued on enhancing cooperation within the framework of the joint action plan for the strategic dialogue between the GCC countries and China. This is in accordance with what has been achieved at the Riyadh Summit for Cooperation and Development between the GCC and the People’s Republic of China held in the Kingdom of Saudi Arabia in December 2022. The joint statement touched on common economic and development prospects and cooperation in trade, investment, the digital economy, sustainable development, and infrastructure.

H.E. the Undersecretary of the Ministry of Commerce and Industry also participated in the opening ceremony of the China-GCC Economic and Trade Cooperation Forum, held on the sidelines of the first session of the meeting of Ministers of Economy and Trade. The forum was attended by private sector representatives, including companies, business organizations, and financial and research institutions from China and the GCC countries. The participants discussed ways to enhance joint efforts to explore investment and cooperation opportunities in various economic fields.

In this context, the advantages of the business environment in the State of Qatar and the stimulating economic policies established by the State to support the private sector and encourage investors, company owners, and businessmen to invest in the State of Qatar were highlighted.

During the Economic and Trade Cooperation Forum, two sub-forums were organized to explore the consensus of the China-GCC summit. The first sub-forum focused on green development and the digital economy, while the second sub-forum focused on industrial investment and financial cooperation.

In addition, His Excellency, the Undersecretary of the Ministry of Commerce and Industry, participated in the China (Guangdong)-GCC Business Leaders Symposium, which was organized with the presence of several senior officials and representatives of leading enterprises from the GCC countries, China, and the Chinese province of Guangdong.

Qatar-Korea Business Forum discusses ways to strengthen bilateral commercial, investment, and industrial relations

His Excellency Yoon Suk Yeol, President of The Republic of Korea, and His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, inaugurated the Qatar-Korea Business Forum, which is held in Doha to showcase the investment opportunities available in both countries and discuss ways to enhance bilateral economic cooperation.

 

The inauguration was also attended by His Excellency Bang Moon-Kyu, Minister of Trade, Industry and Energy of the Republic of Korea, the heads of the Chambers of Commerce, and the associations of businessmen, investors, and representatives of Qatari and Korean companies working in various fields.

 

In his opening remarks, H.E. The Minister of Commerce and Industry affirmed that Qatar and Korea enjoy a close relationship that was made stronger by the numerous official visits and the shared vision of the two countries to diversify and broaden their strategic partnership, to build a sustainable and prosperous future for the two peoples. He mentioned that this relationship was further enhanced by the signing of several bilateral agreements and MOUs, covering various sectors.

 

H.E. added that the Qatar-Korea Business Forum represents an important opportunity to build on the positive results achieved in the previous edition, held in Seoul last June, on the sidelines of the 6th Session of the Qatari-Korean Joint Higher Strategic Committee, whose outcomes contributed to enhancing bilateral cooperation between the two nations.

 

H.E. noted that the trade volume between Qatar and Korea reflects the strength of the economic ties and its prospects and that the Republic of Korea is Qatar’s 3rd largest trading partner. H.E. stressed the fact that Qatar succeeded during the recent years in diversifying its economy, by supporting its non-carbon sectors and encouraging investment in the industrial sector, due to its vital role in the economic transformation of the country. He added that FIFA World Cup Qatar 2022 has cemented the nation’s position as a leading commercial and investment center in the region, calling on Korean businessmen to benefit from the favorable economic and investment environment provided by Qatar to foreign investments.

 

H.E. also pointed out the incentives encouraging businessmen and companies to invest in Qatar, the legislation allowing 100% foreign ownership in various sectors, including real estate, and the advanced services and benefits provided by the free zones to investors and companies, in addition to Qatar’s strategic location, its modern infrastructure and logistical capabilities, allowing the business sectors in both countries to establish new partnerships in certain vital sectors such as light manufacturing, metallurgy, pharmaceuticals, agro manufacturing and technology to meet the needs of the Qatari market and tap into new markets in the region and around the world.

 

Signing of a Memorandum of Understanding between the Ministry of Commerce and Industry and the World Intellectual Property Organization (WIPO) in the Small and Medium-Sized Enterprises (SMEs) Sector

Today, H.E. Dr. Hend bint Abdalrahman Al Muftah, Permanent Representative of the State of Qatar to the United Nations and other International Organizations in Geneva and Mr Ahmed Essa Alsulaiti Director of Qatar Office to the World Trade Organization and other economic organizations in Geneva , met with Mr. Darren Tang, the Director-General of the World Intellectual Property Organization (WIPO), at the organization’s headquarters in Geneva.

During the meeting, a Memorandum of Understanding was signed between the Ministry of Commerce and Industry and WIPO in the field of Small and Medium-Sized Enterprises (SMEs) in Qatar. The purpose of this agreement is to empower SMEs in Qatar to enhance their utilization of intellectual property within their business strategies.

Qatar places special importance on the small and medium-sized enterprise sector and aims to continue the effective implementation of ongoing projects while launching new initiatives, all of which will have a tangible and positive impact on Qatar’s sustainable economic and social development.

The two parties also explored opportunities to strengthen cooperation between Qatar and WIPO in various sectors, including education, economics, culture, legal aspects, and alternative dispute resolution within the field of intellectual property. Additionally, they reviewed the close collaboration between Qatar and WIPO in the institutional governance of intellectual property, as Qatar seeks further development of its national administration responsible for safeguarding intellectual property rights.

The discussion also extended to collaboration in the sports sector, a fundamental pillar of Qatar National Vision 2030. In this context, the officials deliberated on bilateral initiatives between Qatar and WIPO aimed at integrating sports with intellectual property and leveraging the success of FIFA World Cup Qatar 2022, including the use of intellectual property within this international event.

Both parties agreed that the cooperation between Qatar and WIPO holds strategic importance. They expressed their commitment to further enhancing and advancing this cooperation to maximize the use of legal, marketing, and commercial mechanisms provided by intellectual property. These mechanisms are vital for stimulating innovation, supporting economic diversification policies, and aligning with the knowledge-based economy, all in accordance with the Qatar National Vision 2030.

It is worth noting that Qatar has been intensifying its participation in international treaties managed by WIPO and updating its national legal framework related to intellectual property to create a conducive environment for attracting investment in knowledge-based sectors. These efforts aim to enhance trust and legal certainty within Qatar’s intellectual property system.

Qatar is an active member of WIPO, and its economic diplomacy, intellectual property diplomacy, and innovation initiatives play crucial roles in cultivating relations between Qatar and WIPO, while also strengthening Qatar’s presence within this important organization. This is particularly significant in WIPO’s negotiating and decision-making bodies, contributing to Qatar’s soft power and its influence on international decision-making within international organizations.

Ministry of Commerce and Industry organizes a forum for public shareholding companies listed on Qatar Stock Exchange

The Ministry of Commerce and Industry organized a forum for public shareholding companies listed on the Qatar Stock Exchange, in the presence of representatives from the Qatar Stock Exchange, the Qatar Financial Markets Authority, representatives of the public shareholding companies, and several entrepreneurs and stakeholders.

This Forum comes in line with the Ministry’s keenness to facilitate investment and commercial activities in Qatar, and provide all means of assistance to shareholding companies, to raise confidence in the Qatari business environment, and enhance partnerships with the private sector, thus leading to achieving Qatar National Vision 2030, by building a competitive, diversified, and sustainable economy.

The forum highlighted the vital role played by shareholding companies in the national economy and introduced the most important amendments in Law No. (8) of 2021 amending some provisions of Law No. (11) of 2015 promulgating the Commercial Companies Law, and stating the remuneration of the members of the Board of Directors, and how to calculate it, in addition to non-Qatari ownership of certain public shareholding companies listed on the Qatar Stock Exchange.

During the forum, the Ministry displayed its services to public shareholding companies listed on the Qatar Stock Exchange. It showcased its efforts to develop and upgrade them and enhance communication with them.

Ministry of Commerce and Industry organizes a workshop to differentiate original goods from counterfeit

The Ministry of Commerce and Industry represented by the Intellectual Property Rights Protection Department, in cooperation with authorized trademark agents, organized a workshop to distinguish between authentic goods and counterfeit products. The session witnessed the participation of various entities, including the Consumer Protection and Combating Commercial Fraud Department at the Ministry of Commerce and Industry, the Economic and Cyber Crime Combating Department at the Ministry of Interior, and the General Authority of Customs.

The organization of this workshop comes in line with the Ministry’s keenness to sharpen the skills of its inspectors and provide them with the needed knowledge to distinguish original goods from counterfeit.

The workshop included a field campaign in the local market, and an inspection of 14 stores in various regions of the country was conducted. The inspection campaign resulted in the seizure of several counterfeits of famous commercial brands.

 

The Qatari-Kazakh Business Forum Commences Activities

The Qatari-Kazakh Business Forum took place today on the sidelines of the 6th session of the Qatari-Kazakh Joint Higher Committee. The event was attended by His Excellency Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, alongside several businessmen, investors, and representatives of major Qatari and Kazakhstani companies.

 

The Forum aims to create a platform for dialogue between the private and public sectors, in both countries, to discuss and identify opportunities for cooperation and investment in the fields of smart agriculture, healthcare, information technology, communications, financing, and others that can assist in fulfilling the development needs of both countries.

 

The Forum featured several discussion panels highlighting the advanced legislative ecosystem and the incentives and business opportunities offered by the State of Qatar to foreign investors. The event also shed light on the growth prospects of the Qatari economy and ways to diversify economic cooperation between the two nations.

Qatar and Kazakhstan discuss ways to strengthen bilateral relations

His Excellency Sheikh Mohammed Bin Hamad Bin Qassim Al-Thani, Minister of Commerce and Industry, and His Excellency Mr. Serik Zhumangarin, Deputy Prime Minister of the Republic of Kazakhstan, chaired the 6th session of the Qatari-Kazakh Higher Committee, held in Doha.

 

During the meeting, H.E. the Minister of Commerce and Industry praised the close and historical relations between the State of Qatar and the Republic of Kazakhstan, stressing Qatar’s keenness to develop bilateral cooperation mechanisms and explore new avenues that could allow both countries to tap available opportunities. He pointed out that this meeting represents a great opportunity to follow up on what has been achieved since the previous session of the Joint Higher Committee, held in 2020, and it also reflects both countries’ keenness to exert all efforts to further cooperation.

 

H.E. noted the investment opportunities provided by Qatar for investors, praised the role played by Kazakhstani companies in supporting the local economy, and called on Kazakhstani investors and companies to explore the available opportunities and benefit from them to establish joint ventures that derive their strength and success from the common visions of the two friendly countries.

 

During the 6th session of the Qatari-Kazakh Joint Higher Committee, aspects of cooperation between the two countries were discussed, especially in sectors like trade, investment, construction, infrastructure, agriculture, shipping, civil aviation, healthcare, education and information technology.

 

The two sides agreed to take the necessary steps to enhance investment and strengthen commercial and industrial cooperation, increase the volume of bilateral trade, and facilitate the exchange of goods and services.

 

Qatar and Tajikistan explore ways to strengthen cooperation

His Excellency Sheikh Mohammed Bin Hamad Bin Qassim Al-Thani, Minister of Commerce and Industry, and His Excellency Mr. Zavqi Zavqizoda, Minister of Economic Development and Trade of the Republic of Tajikistan, chaired the 4th session of the Qatari-Tajik Joint Economic, Commercial and Technical Committee, held in Doha.

 

During the meeting, His Excellency the Minister of Commerce and Industry praised the close and distinguished relations between the State of Qatar and the Republic of Tajikistan, noting that these ties have become closer after the mutual official visits during the past years.

 

His Excellency pointed out that this meeting represents an important step in strengthening Qatari-Tajikistani relations, and it also reflects the keenness of the two countries to hold regular meetings in order to build a strategic partnership that supports the development plans of the two countries.

 

Moreover, His Excellency stressed the importance of the investment opportunities provided by Qatar to investors, which support their plans to expand to regional and international markets, calling on Tajikistani investors and companies to explore available opportunities and benefit from them to establish ventures that derive their strength from the shared visions of the two countries.

 

During the meeting, aspects of cooperation between the two countries were discussed, especially in priority sectors such as trade, investment, construction, infrastructure, agriculture, shipping, civil aviation, healthcare, education, and information technology.

 

The two sides agreed to take the necessary steps to enhance investment and strengthen commercial cooperation, to increase the volume of bilateral trade and facilitate the exchange of goods and services.

Ministry of Commerce and Industry organizes a workshop about the protection of intellectual property rights in cooperation with Qatar Foundation

The Ministry of Commerce and Industry, in cooperation with Qatar Foundation for Education, Science, and Community Development, organized a workshop for the students of Qatar Academy Doha, one of Qatar Foundation’s schools, about the concepts of intellectual property rights protection.

This activity comes in line with the Ministry’s keenness to enhance intellectual property rights’ protection, disseminate its concepts amongst the public and achieve the desired outcomes.

The workshop addressed several topics, including the definition of intellectual property, the general concepts of trademarks, registering trademarks, how to differentiate between original and counterfeit products, an introduction about patents, registering patents electronically, in addition to introducing copyrights, related rights, artificial intelligence and the laws regulating intellectual property.

Ministry of Commerce and Industry Organizes Introductory Meeting on Qatar Foundation for Social Work and Its Centers

The Ministry of Commerce and Industry, in collaboration with the Qatar Foundation for Social Work, held an introductory meeting for several Ministry employees to introduce them to the services offered by the Foundation and its affiliated centers.

 

The meeting aimed to strengthen cooperation, in addition to introducing the Foundation’s mission and goals and the services provided by its affiliated centers.

 

During the meeting, senior officials from the Foundation and representatives of its affiliated centers gave a presentation to showcase the various aspects of their mission and the support they provide in the fields of family stability, caring for orphans and the elderly, protecting children and women, empowering the youth, and rehabilitating people who suffer from various behavioral disorders. They also presented the different services provided by the affiliated centers to the wider society.

 

The meeting emphasized the nature of work, the projects implemented and the services provided to the social categories benefiting from the affiliated centers. It also highlighted the role of the foundation and its contributions to the development of society, while raising awareness about the importance of supporting the social categories involved in achieving sustainable social and human development.

 

Ministry of Commerce and Industry organizes a workshop about risk management for entrepreneurs

The Ministry of Commerce and Industry, in cooperation with the Social Development Center “NAMA”, organized a workshop titled: “Risk Management for Entrepreneurs”, during September 10-13, with the participation of entrepreneurs and owners of small and medium-sized enterprises.

The organization of this workshop comes in line with the Ministry’s keenness to develop and educate entrepreneurs and SME owners, enhance their knowledge about risk management, and provide them with the needed expertise and skills in commercial affairs, in addition to identifying the challenges they face and overcoming them.

The workshop addressed the concepts and definition of risk management, and the role it plays in improving the decision-making process, its benefits, and its relationship to governance, security, and sustainability, in addition to showcasing the various internal and external threats companies usually face, and the concept of positive and negative risks.

Moreover, the workshop defined the concepts and framework related to risk management and ways to specify, assess, and manage risks, in addition to stressing the importance of education and communication in managing risks.

The workshop also covered various aspects related to providing the participants with ways to evaluate risks in the enterprise, how to make improvements, how to effectively assess risks, and adopt the appropriate procedures and controls through the use of tools such as records, links, and risk matrix, in addition to exploring ways to deal with these risks following the best international practices, and the firm’s capacity and risk tolerance.

 

Qatar participates in the 8th Belt and Road Summit in Hong Kong

The State of Qatar participated in the 8th Belt and Road Summit, held in Hong Kong under the theme: “Prospering on a Decade of Collaboration”.

Mr. Saleh bin Majid Al-Khulaifi, Assistant Undersecretary for Industry and Business Development Affairs at the Ministry of Commerce and Industry participated in the inaugural ceremony, which brought together His Excellency Mr. John Lee, Chief Executive of the Hong Kong Special Administrative Region along with several senior government officials and high-level representatives of several countries and international organizations.

Mr. Saleh bin Majid Al-Khulaifi attended several sessions organized during the summit, in addition to participating in a business Session on the Middle East titled: “Business and Investment Outlook in the Middle East Market”.

On this occasion, Mr. Al-Khulaifi affirmed that Qatar’s participation in the Belt and Road Summit reflects its deep belief in the multilateral trade system and the necessity to strengthen cooperation with different countries around the world, especially Hong Kong, which is one of Qatar’s foremost trading partners, with bilateral trade of $1.1 billion in 2021, representing an average annual growth of 35% compared to 2017.

He praised the close historical ties between the State of Qatar and the People’s Republic of China, pointing out that China comes at the forefront of Qatar’s trading partners, as the largest source of imports and destination for Qatari exports. The value of bilateral trade between the two nations amounted to 26 billion U.S. dollars in 2022.

The session also showcased the advantages of the Qatari business environment and the various laws, legislations, initiatives, and programs enacted to stimulate foreign investment.

During the summit, several meetings were held with high-level figures from the government and private sectors participating in the event.

This year’s edition of the Belt and Road Summit coincided with the 10th anniversary of the initiative’s launch, which aims to establish a trade network and infrastructure connecting Asia, Europe, and Africa, to foster common development and prosperity.

This event drew 6,000 representatives from involved countries and regions, including senior officials from more than 10 countries and business leaders from around the world. The Summit showcased the progress achieved by the Belt and Road Initiative since its launch in 2013, and future investment prospects.

 

 

Qatar participates in the meetings of the GCC Commercial Cooperation Committee, GCC Industrial Cooperation Committee, and the GCC Ministerial Committee for Standardization Affairs

The State of Qatar participated in the 65th meeting of the GCC Commercial Cooperation Committee and the 51st meeting of the GCC Industrial Cooperation Committee, in addition to the 6th meeting of the GCC Ministerial Committee for Standardization, in the presence of their Excellencies the Ministers of Commerce and Industry in GCC countries, on Thursday, September 14th, 2023 in Salalah, the Sultanate of Oman.

His Excellency Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, headed the Qatari delegation. The meetings discussed various topics and issues listed on the agenda, and the pertaining decisions were taken.

In addition, His Excellency participated in the consultative meeting between their Excellencies the Ministers of Commerce and Industry, and the heads of Federations and Chambers of Commerce of the GCC countries. The consultative meeting addressed various issues and recommendations raised by the heads of Federations and Chambers of Commerce of the GCC countries and took the appropriate pertaining decisions.

Their Excellencies, the Ministers of Commerce and Industry of the GCC countries participated in the opening of the 1st Industrial Gulf Exhibition, which honored GCC inventors as well as several leading GCC factories.

The State of Qatar participates in the 23rd China International Fair for Investment & Trade

The State of Qatar participated as a “Guest Country of Honor” in the 23rd edition of the China International Fair for Investment &Trade (CIFIT 2023), which was held in Xiamen, China from September 8th to 11th under the theme of: “Open and Integrated: Key to High–Quality Development”.

The Qatar pavilion included several entities from the government and the private sector, including the Ministry of Commerce and Industry, the Investment Promotion Agency of Qatar (IPA Qatar), Qatar Free Zones Authority (QFZ), Qatar Financial Centre (QFC), and Qatari Diar.

His Excellency Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, headed the Qatari delegation and participated in the opening session, in addition to a forum titled “High-Quality Development of Cross-Border Investment, the Launch of the Reports on the Development of Chinese Enterprises in UAE, France, Mexico, and Uzbekistan”.

His Excellency praised the close historical ties between the State of Qatar and the People’s Republic of China, pointing out that China comes at the forefront of Qatar’s trading partners, as the largest source of imports and destination for Qatari exports.

H.E. also stated that Qatar’s participation in this year’s edition originates from its belief in the importance of partnerships in strengthening bilateral relations between countries.

China International Fair for Investment & Trade is held annually every September in Xiamen and is considered one of the largest events to attract foreign investment. It attracts many senior officials, businessmen, and investment promotion organizations worldwide. The Fair is also considered a gate to tap the investment opportunities available in China, Asia, and the world.

This year’s edition witnessed the organization of several forums, presentations, and interactive meetings to highlight major issues such as attracting foreign investment, strategies to enter international markets, bilateral commercial and economic exchanges, sustainable development, smart manufacturing, the digital economy, and the Belt and Road Initiative.

The State of Qatar participates with a pavilion in the 23rd China International Fair for Investment & Trade

The State of Qatar will participate as a “Guest Country of Honor” in the 23rd edition of the China International Fair for Investment & Trade (CIFIT 2023). The event will take place in Xiamen, China from September 8th to 11th, under the theme of “Open and Integrated: Key to High–Quality Development”.

The Qatar pavilion will feature several entities including the Ministry of Commerce and Industry, the Investment Promotion Agency of Qatar (IPA Qatar), Qatar Free Zones Authority (QFZ), Qatar Financial Centre (QFC) and Qatari Diar.

Qatar’s participation aims to showcase the Qatari economy and its prominent position on the regional and international levels, introduce the attractive Qatari business environment provided by Qatar for international businessmen and investors, highlight the incentives and initiatives launched by the country to support the private sector and enhance the competitiveness and diversification of the economy, in line with Qatar National Vision 2030. Additionally, it aims to strengthen the close bilateral ties between the State of Qatar and the People’s Republic of China.

The China International Fair for Investment and Trade is held annually every September in the city of Xiamen and is considered one of the largest events to attract foreign investment. This year’s edition will witness the organization of several panels, presentations, and interactive meetings to highlight major issues such as attracting foreign investment, strategies to enter international markets, bilateral commercial and economic exchanges, sustainable development, smart manufacturing, the digital economy, and the Belt and Road Initiative.

Ministry of Commerce and Industry urges compliance with QFMA’s circular on remuneration mechanism for board members of Qatar Stock Exchange listed companies

The Ministry of Commerce and Industry has called on auditors of publicly listed joint-stock companies, and their board of directors to comply with the provisions of the Qatar Financial Markets Authority (QFMA)’s circular dated July 11, 2023, regarding the remuneration of board members of companies listed on the Qatar Stock Exchange.

The circular aims to enhance transparency and protect the rights of shareholders in publicly-listed companies, the Ministry said.

The Ministry urged compliance with the provisions of Article No. (119) of Commercial Companies Law No. (11) of 2015 and its amendments under Law No. (8) of 2021 as well as the provisions of Article (18) on corporate governance and legal entities listed on the main exchange as per the QFMA’s Decision No. (5) of 2016, when reviewing and auditing the remuneration of board members of listed companies.

The Ministry said the remuneration shall be determined based on two conditions. The first relates to the subtraction of legal reserves and deductions as per the provisions of the Commercial Companies Law, while the second requires the distribution of dividends amounting to no less than 5 percent of the company’s paid-up capital to shareholders.

Remunerations to the board of directors shall not be distributed before fulfilling both conditions, provided that the total does not exceed 5% of the company’s net profit, the Ministry added.

The Ministry explained that the total remuneration value shall be derived from net profits after subtracting reserves, legal deductions, and 5 percent of the company’s paid-up capital to shareholders, rather than being derived from gross profits before the aforementioned deductions.

For instance, the board’s remuneration for a company with a capital of 800,000,000 riyals, profits of 100,000,000 riyals, and a deduction rate of 10% (10,000,000 riyals) are calculated as follows: 5% of the capital that shall be distributed to shareholders amounts to 40,000,000 riyals leaving 50,000,000 riyals in profits after the deductions. Accordingly, 5% of the total board remunerations shall not exceed (2,500,000 riyals) when calculated based on profits of 50,000,000 riyals rather than 100,000,000 riyals.

The QFMA circular also touched on attendance compensation and wages received by the board members.

The circular stipulated that remunerations shall include all payments that the chairman or board members receive in the form of an attendance compensation or a percentage of profits or other forms of compensation for sitting on the board and shall be subject to the maximum limit specified in Article (119) of the Commercial Companies Law and Article (18) of the Corporate Governance System. The remunerations can then be disbursed provided they are calculated based on net profits as indicated in the circular. If the remuneration exceeds the maximum limit, the chairman and members must return the difference, the Ministry said.

The Ministry also noted that the remuneration statement form shall be completed and attached to the minutes of the annual general assembly when submitted to the Corporate Affairs Department at the Ministry of Commerce and Industry. The form can be downloaded from the Ministry’s website:

 

نموذج بيان مكافآت أعضاء مجلس إدارة (moci.gov.qa)

تعميم-مكافآت-أعضاء-مجلس-إدارة-الشركاتtwitter.pdf (moci.gov.qa)

 

 

First meeting of the Economy, Trade, and Industry Committee of the Qatari-Saudi Coordination Council

The first meeting of the Economy, Trade, and Industry Committee of the Qatari-Saudi Coordination Council took place yesterday through video conferencing.

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry chaired the Qatari side while His Excellency Mr Faisal bin Fadel Al-Ibrahim, Minister of Economy and Planning of the Kingdom of Saudi Arabia, chaired the Saudi side. Several government officials from both countries also participated.

During the meeting, officials discussed the strong fraternal relations between the State of Qatar and the Kingdom of Saudi Arabia and explored ways to strengthen and develop them to advance joint interests. Additionally, they highlighted the agenda’s issues, especially the mechanisms to activate the import and export initiative between the two countries.

The officials also deliberated on the strategic objectives of the Economy, Trade, and Industry Committee, as well as efforts to advance joint bilateral action in line with the economic visions of both nations.

Ministry of Commerce and Industry outlines Qatar Business Map Portal Services

The Ministry of Commerce and Industry has outlined the services that the Qatar Business Map Portal offers through its website in a bid to support the private sector, empower entrepreneurs, streamline incorporation procedures and contribute to the development of the business ecosystem.

The Portal provides a comprehensive database of investment incentives across Qatar’s various regions and enables users to access data on commercial establishments throughout the country.

Users may search for commercial establishments by region and access statistics on commercial activities and the business licenses registered in each municipality including newly issued and void licenses.

The Portal also enables users to verify the validity and authenticity of commercial records and licenses using the QR Code issued by the Ministry of Commerce and Industry’s Single Window.

Users may also search for active commercial establishments in a specific area, and explore available and common commercial activities

The Portal also serves as an interactive and practical tool to analyze the market and develop business strategies, providing educational content on the various aspects of a business such as marketing and project management as well as case studies and success stories. The Portal also provides a platform for entrepreneurs to communicate, share ideas, and exchange expertise, which fosters innovation and creativity, enabling investors to establish new projects that meet the market’s needs.

The Ministry noted that the public and concerned authorities may view all information and data related to various economic establishments by visiting the Business Map Portal webpage via the following link: https://businessmap.moci.gov.qa/

The portal’s database facilitates entrepreneurs and investors’ access to potential target customers, helping them decide on the most suitable activity and location to establish their business. It also helps in mapping potential competitors and residential areas to determine the customer base and the feasibility of a project in a specific area.

The Portal was launched in line with the requirements of Law no (1) of 2020 on the Unified Economic Register, which aims to bolster transparency in economic and financial transactions, providing information, data, and documents pertaining to economic establishments, legal arrangements, non-profit organisations, and freelancers, and putting it at the disposal of the public and various stakeholders. The initiative also falls in line with the requirements of the Financial Action Task Force (FATF).

The working group of the Economy, Trade, and Industry Committee of the Qatari-Saudi Coordination Council holds its meeting in Doha

The working group of the Economy, Trade, and Industry Committee of the Qatari-Saudi Coordination Council held a meeting yesterday in Doha.

H.E. Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry chaired the Qatari side while His Excellency Mr. Al-Baraa bin Basem Al-Iskandarani, Undersecretary of the Ministry of Economy and Planning for Economic and International Affairs, chaired the Saudi side. Several government officials from both countries also participated.

During the meeting, officials discussed the strong fraternal relations between the State of Qatar and the Kingdom of Saudi Arabia and explored ways to strengthen and develop them to advance joint interests. Additionally, they highlighted the agenda’s issues, especially the mechanisms to activate the import and export initiative between the two countries.

The officials also deliberated on the strategic objectives of the Economy, Trade, and Industry Committee, as well as efforts to advance joint bilateral action in line with the economic visions of both nations.

Ministry of Commerce and Industry Issues Circular No. (3) of 2023 Regarding Noise Levels Generated by Cars and Motorcycles

The Consumer Protection and Combating Commercial Fraud Department at the Ministry of Commerce and Industry issued circular No. (3) of 2023, which specifies the obligations of car and motorcycle dealers and maintenance service providers regarding the noise levels generated by their vehicles.

The Ministry stated that in line with Law No. (8) of 2008 and its amendments on consumer protection, which determines the obligations of car and motorcycle dealerships and maintenance service providers, and upon explaining how these obligations are fulfilled in accordance with the law’s provisions and regulations, the service providers must adhere to and ensure that the noise levels generated by cars and motorcycles conform to the Qatari standard specifications issued by the Qatar General Organization for Standards and Metrology.

According to the Ministry, the State of Qatar implements the following regulations and specifications to control noise levels:

1) Gulf Standard Specifications: Cars — Noise Pollution (GSO1624/2002), mechanical products specification sector.

2) Gulf Standard Specifications: Motorcycles — Noise Pollution (GSO ECE 41-1:2007), mechanical products specification sector.

The Ministry pointed out that a car or motorcycle noise level should not exceed the limits (in dB) stated in the specifications. These regulations apply to both gasoline- or diesel-powered engines, and the noise must be measured while the engine is on and the vehicle is in motion. Any violations of the regulated noise levels are deemed explicit violations of the provisions of Articles (5), (6), and (13) of Law No. (8) of 2008 on Consumer Protection.

The ministry noted that violating the circular entails a fine of no more than QAR 1 million or imprisonment for up to two years and administrative closure of business for no more than three months.

Furthermore, the Ministry outlined the corrective measures that relevant service providers and car dealers must take, including suspending the sale of car and motorcycle spare parts that cause sound amplification resulting in noise pollution, recalling cars that have been equipped with such spare parts to remodify them and remove all spare parts that violate the State’s standard specifications.

Car and motorcycle dealers must also consider the requirements of Decree-Law No. (19) of 2007 on the Promulgation of the amended Traffic Law and Decree-Law No. (30) of 2022 on the Promulgation of the amended Environment Protection Law, in terms of the provisions that regulate and reduce noise pollution.

The Ministry further notes that car and motorcycle dealerships and all relevant maintenance centres will be given 30-60 days, effective from the circular’s issuance date, to ensure compliance.

 

Finally, the Ministry said it will launch a joint campaign entitled “Noise Pollution from Cars and Motorcycles” in collaboration with the Ministry of Interior (MOI) within one month of releasing the circular. The campaign aims to ensure that all dealerships and maintenance centres adhere to the regulations stated by the Qatari specification standards. and it will not tolerate any violations of the obligations stipulated in Law No. (8) of 2008 on Consumer Protection.

The Ministry encourages all citizens and residents to report any violations via the following channels:

Call Centre: 16001

The Ministry of Commerce and Industry social media accounts:

Twitter: @MOCIQATAR

Instagram: MOCIQATAR

 

Qatar and Hungary discuss ways to strengthen bilateral relations and cooperation

Hungary hosted the third session of the Qatari-Hungarian Joint Economic Committee. His Excellency Sheikh Mohammed Bin Hamad Bin Qassim Al-Thani, Minister of Commerce and Industry, and His Excellency Mr. Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, chaired the committee meeting, which was held in Budapest.

During the meeting, H.E. the Minister of Commerce and Industry praised the strong and notable relations between Qatar and Hungary, noting that these have grown steadily over the years and been strengthened by the exchange of official visits between the two countries.

H.E. stated that the country has launched several initiatives aimed at attracting foreign direct investment and international talents in various fields, including technology, infrastructure, health, trade, and investment, in line with the country’s goals of creating an enabling environment for the digital ecosystem.

He also emphasized the state’s commitment to maintaining the national economy’s sustainability and stability, as well as positioning Qatar as an attractive destination for foreign investors, expressing his desire to capitalize on the numerous investment opportunities available between the Qatari and Hungarian sides with the goal of improving collaboration across numerous sectors.

During the session, various aspects of cooperation in priority sectors were discussed, in addition to ways to strengthen bilateral cooperation in fields such as trade, investment, construction, infrastructure, agriculture, shipping, civil aviation, health, education and information technology.

It was agreed to consolidate cooperation between the two countries to increase trade exchange between them, and facilitate the flow of goods, services, and investments.

Qatar participates in the 6th India-Arab Partnership Conference

Doha, Qatar:  The State of Qatar participated in the 6th India-Arab Partnership Conference, which was held in the Indian capital of New Delhi on July 11-12, 2023, under the theme “India-Arab Business Cooperation: The Way Forward.”

The Qatari delegation was headed by His Excellency Mr. Saleh bin Majid Al-Khulaifi, Assistant Undersecretary for Industry and Business Development Affairs at the Ministry of Commerce and Industry.

The sixth edition of the Conference included several dialogue sessions focusing on major topics, including investment opportunities in India, pharmaceutical industries post-COVID-19, food security, and energy.

On this occasion, H.E. Mr. Al-Khulaifi praised the historical and strategic partnership between India and the Arab countries, in particular the State of Qatar, noting that India is Qatar’s second largest trading partner. His Excellency Mr. Al-Khulaifi added that the volume of trade exchange between the two countries increased by approximately 33% between 2021 and 2022, reaching about $17.2 billion in 2022.

His Excellency Mr. Al-Khulaifi also noted that Qatar’s participation in this year’s edition of the Conference stems from a profound belief in the importance of partnership as a primary guarantee for strengthening bilateral relations between countries.

He also expressed his desire to establish collaborative plans to consolidate future paths of cooperation between the Arab countries and the Republic of India, as well as to boost mutual investments across the Arab region and Asia markets.

The Conference additionally featured bilateral meetings between Arab and Indian business representatives, to help improve communications between businessmen and investors, and to provide more opportunities for enhancing commercial, investment, and economic opportunities between Arab countries and India.

Qatar’s participation in the conference aimed to shed light on the Qatari economy and its leading position at the regional and international levels, as well as to introduce the country’s attractive investment environment to businessmen and investors from around the world.

Qatar’s participation in the Conference also sought to highlight its most prominent incentives, benefits, and initiatives launched to support the private sector and improve the Qatari economy’s competitiveness and diversification in line with the Qatar National Vision 2030, in addition to strengthening the distinguished bilateral relations between the State of Qatar and the Republic of India.

The India-Arab Partnership Conference was first organized in 2008, with the aim of increasing cooperation across multiple areas and boosting the volume of trade exchange between Arab countries and India.

 

H.E. Minister of Commerce and Industry meets with Minister Delegate for Foreign Trade, Economic Attractiveness and French Nationals Abroad

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Mr. Oliver Becht Minister Delegate for Foreign Trade, Economic Attractiveness and French Nationals Abroad, who is currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in the fields of trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has put in place to support the private sector and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.

 

Ministry of Commerce and Industry Organizes an Open Meeting with Entrepreneurs, Owners of Small and Medium-Sized Businesses and Home-Based Projects

The Ministry of Commerce and Industry held an open meeting with several entrepreneurs, owners of small and medium-sized businesses, and home-based projects. The meeting aimed to discuss the sector’s key challenges and explore effective solutions for its development.

In attendance were Mr. Mohamed Hassan Al Malki, Assistant Undersecretary for Trade Affairs, and Mr. Ayed Al Qahtani, Director of the Commercial Registration and Licenses Department.

The meeting was organised as part of the Ministry’s commitment to support the entrepreneurship sector, foster small and medium-sized enterprises, and provide comprehensive support to entrepreneurs and small investors while removing obstacles to facilitate their business activities.

Mr. Mohamed Hassan Al Malki emphasised that regulating and supporting local entrepreneurship and small to medium-sized enterprises are top priorities for the country, and this sector is crucial for economic diversification, stimulating investment, and fostering innovation in alignment with Qatar’s National Vision 2030. The Ministry has launched various initiatives and projects to support this sector, and has also updated laws and regulations to create an attractive legislative environment that encourages local entrepreneurship and aligns with the state’s objectives.

During the meeting, discussions revolved around the prominent challenges entrepreneurs and owners of small and medium-sized enterprises face in establishing and developing their businesses; focusing on company establishment procedures, investment laws, and regulations, as well as highlighting the Ministry’s prominent projects and initiatives aimed at supporting and advancing the entrepreneurship sector.

Ministry of Commerce and Industry Organizes an Open Meeting with Entrepreneurs, Owners of Small and Medium-Sized Businesses and Home-Based Projects

The Ministry of Commerce and Industry held an open meeting with several entrepreneurs, owners of small and medium-sized businesses, and home-based projects. The meeting aimed to discuss the sector’s key challenges and explore effective solutions for its development.

In attendance were Mr. Mohamed Hassan Al Malki, Assistant Undersecretary for Trade Affairs, and Mr. Ayed Al Qahtani, Director of the Commercial Registration and Licenses Department.

The meeting was organised as part of the Ministry’s commitment to support the entrepreneurship sector, foster small and medium-sized enterprises, and provide comprehensive support to entrepreneurs and small investors while removing obstacles to facilitate their business activities.

Mr. Mohamed Hassan Al Malki emphasised that regulating and supporting local entrepreneurship and small to medium-sized enterprises are top priorities for the country, and this sector is crucial for economic diversification, stimulating investment, and fostering innovation in alignment with Qatar’s National Vision 2030. The Ministry has launched various initiatives and projects to support this sector, and has also updated laws and regulations to create an attractive legislative environment that encourages local entrepreneurship and aligns with the state’s objectives.

During the meeting, discussions revolved around the prominent challenges entrepreneurs and owners of small and medium-sized enterprises face in establishing and developing their businesses; focusing on company establishment procedures, investment laws, and regulations, as well as highlighting the Ministry’s prominent projects and initiatives aimed at supporting and advancing the entrepreneurship sector.

 

Ministry of Commerce and Industry organizes a book discussion session as part of the “Read to Lead” program

The Ministry of Commerce and Industry, in cooperation with the “Qatar Reads” initiative, organized a session to discuss “The leader who had no title”, a book by the famous author Robin Sharma, in the context of the “Read to Lead” program.

 

The event, which witnessed the participation of several officials from MOCI, aimed to encourage reading, the exchange of views, and support innovation. The Ministry clarified that its participation comes in line with a study conducted about leadership.

 

The discussion touched on several topics, including the definition of a title, and mechanisms to stimulate the spirit of leadership, in addition to showcasing the importance of the leader’s role and other related issues.

 

It’s to be noted that the “Read to Lead” program strives to enhance the knowledge of readers and their leadership skills, so as to support them on the professional and social levels.

 

H.E. Minister of Commerce and Industry meets with the Minister of State for the Ministry of Trade and Industry of Singapore

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, the Minister of Commerce and Industry, met today, with Her Excellency Mrs. Low Yen Ling, Minister of State for the Ministry of Trade and Industry of the Republic of Singapore, who is currently visiting Qatar.

During the meeting, officials reviewed topics of common interest and discussed ways to enhance bilateral cooperation in the fields of trade, investment, and industry.

Moreover, H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani showcased the successful policies adopted by the State of Qatar to support the private sector, including the incentives, regulations, and promising opportunities available, to encourage investors and businessmen to invest in the country.

A New Set of Services for Establishing Companies Launched via the Single-Window Platform

18/06/23, Doha, Qatar:

The ministries of Commerce and Industry, Labour, Justice, and Interior today announced the inauguration of a new set of services that expands the scope of the single-window and facilitates a more simplified company registration procedures. The new set of services will be activated on 18 June 2023.

The new set of services will allow investors to directly benefit from digitised services and enable them to complete transactions without the need to visit the relevant ministries’ websites or physical headquarters to complete the required procedures.

Commenting on the new set of services, His Excellency Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani, Minister of Commerce and Industry, said: “Following the directives of His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs, which encourages the government to enhance its delivery of public services, the Ministry is keen to improve the government’s operational performance and establish a supportive, dynamic, and vital work environment that attracts local and foreign investments, and underlines Qatar’s position as a principal destination for business and investment.”

His Excellency Dr Ali bin Samikh Al Marri, Minister of Labour, also commented on the new package, noting that, “We are keen to utilise advanced technologies and harness our technological infrastructure to continue developing the labour sector and facilitating the services provided by the Ministry. There is no doubt that enhancing and streamlining procedures is one of our key priorities for attracting the world’s leading talents to the State.”

His Excellency Masoud bin Mohammed Al Amri, Minister of Justice, said: “The new package of services reflects our commitment to enhancing transparency and delivering the regulatory changes needed to smoothen business procedures across the country. Improving the legal framework and simplifying administrative protocols will also help to stimulate economic growth.”

The new set of services include improving the process of issuing commercial registrations by reducing the requirements and automating internal procedures and reviews with relevant governmental entities.

The newly updated single-window service also includes automatically adding the Computer Card to the commercial registration. With each new commercial registration, labour approvals will be issued automatically in coordination with Ministry of Labour.

As a result of the collaboration between the Ministry of Interior and the Ministry of Commerce and Industry, Metrash 2 Application will now display the automated work permit approvals and a copy of the electronic computer card.

Business owners can now open a bank account following the commercial registration and the signing of the article of association, however they must ensure that they meet the banks’ respective regulatory requirements.

With these improvements, the number of steps required to conduct business has been reduced. These are based on the best practices considered while designing the investor’s journey in cooperation with the Civil Service and Government Development Bureau (CGB). These new measures allow businesses to receive their commercial registration and begin operating within a single day.

The new set of services will benefit newly established companies. They will capitalise on new procedures that aim to facilitate simplified establishment journey to help new businesses attract the required competencies and issue any necessary labour visas.

 

Through this newly enhanced single-window platform, start-ups can obtain immediate work permit approvals during the establishment phase. The single window will also enable investors to select the nationalities of the recruited workers.

 

During the Sixth High-Level Strategic Cooperation Committee Between the State of Qatar and the Republic of Korea Qatar and Korea explore ways to strengthen their strategic partnership

The Republic of Korea hosted the Sixth High-Level Strategic Cooperation Committee Between the State of Qatar and the Republic of Korea. His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, and His Excellency Mr. Lee, Chang-Yang, Minister of Trade, Industry and Energy of the Republic of Korea, chaired the committee meeting held in Seoul.

During the meeting, H.E. the Minister of Commerce and Industry praised the progress achieved during the sixth committee and appreciated the results in areas of common interest.

H.E. the Minister emphasized the importance of bilateral cooperation in the development of both countries. Qatar considers Korea as a strategic partner due to shared interests and several signed MOUs between the two nations. H.E. the Minister called on the Qatari and Korean private sectors to strengthen cooperation and build solid partnerships, aligning with the mutual aspirations for progress, development, and prosperity.

H.E. the Minister also highlighted the strength of the economic relations between the two nations, with the Republic of Korea being Qatar’s third-largest trading partner with the bilateral trade exceeding $14 billion in 2022.

During the session, cooperation in various priority fields was discussed, along with the progress made in implementing the recommendations of the working group. The meeting focused on strengthening bilateral cooperation in trade, investment, construction, infrastructure, agriculture, shipping, civil aviation, health, education, high-tech, technology, culture, and sports.

On the sidelines of the committee, H.E. the Minister of Commerce and Industry witnessed the signing ceremony of several MOUs between the State of Qatar and the Republic of Korea in the economic, trade, and investment fields.

These MOUs included an agreement between the Ministry of Commerce and Industry and the Korean Intellectual Property Office (KIPO), signed by H.E. Mr. Khalid bin Ibrahim Al-Hamar, Ambassador of the State of Qatar to the Republic of Korea, on the Qatari side.

Additionally, an MOU was signed between the Investment Promotion Agency Qatar (IPAQ) and the Korea Trade-Investment Promotion Agency (KOTRA) to facilitate joint investments between the two countries. Another MOU was signed with the Korean company “NEXTON” to strengthen cooperation in smart agriculture and food security. The memorandum was signed by H.E. Sheikh Ali Alwaleed Al-Thani, CEO of IPAQ, on the Qatari side.

Several Qatari entities and institutions also participated in the Qatari Korean Investment Forum, held alongside the sixth session of the joint committee. The forum featured presentations by the Investment Promotion Agency Qatar, Qatar Free Zones, Qatar Chamber, and Qatar Science & Technology Park, highlighting the incentives and promising investment opportunities that Qatar offers to foreign investors. Bilateral meetings were also conducted between businessmen from both sides to explore cooperation, and joint projects and establish long-term economic cooperation between Qatari and Korean companies.

 

Ministry of Commerce and Industry Introduces Electronic Provision through Single Window Platform, Ceases Several Services at Government Service Centres

The Ministry of Commerce and Industry has announced the introduction of an electronic single-window platform for the provision of several services. To coincide with the launch of this digital platform, these services will be suspended at all government service centres.

This strategic decision aligns with the Ministry’s commitment to supporting government initiatives in digital transformation, streamlining service processes, and promoting investment and trade within the country.

 

The Ministry has clarified that the services to be suspended at government service centres will include the following: adding a new branch, changing the trade name, changing the trade name and the economic activities, amending individual data, amending the business activity, changing the location, changing the manager, and renewing the commercial license.

 

It is worth noting that the Ministry of Commerce and Industry has launched a comprehensive suite of intelligent electronic services through its single-window platform. This initiative represents a significant advancement in public interactions, digitising procedures, enhancing services for individuals and businesses, improving the efficiency of government services, and leveraging technology effectively to support the objectives of Qatar National Vision 2030 in developing a knowledge-based economy.

 

 

Ministry of Commerce and Industry organizes introductory workshops on the price evaluation and follow-up system for commercial establishments

The Ministry of Commerce and Industry recently organized a series of workshops for the owners of commercial establishments to introduce them to the price evaluation and follow up-system.

The aforementioned workshops showcased the mechanism of the price evaluation and follow-up system for commercial establishments, which manages the processes of recording and assessing the price lists of the services provided by these establishments, including restaurants, cafeterias, coffee houses, barber shops, beauty salons, and gyms. The principle behind this system relies on enabling the owners of the establishments in the specified economic sectors to enter the system to add price lists in the designated tables, provided that the applicant is authorized to do so as per the commercial register and that the commercial license used in the application is valid.

The workshops also addressed the entry data needed to access the price evaluation and follow up-system, as the phone number must be registered on the same personal number of the applicant, and a verification code will be sent to check on every entry, in addition to abiding by the need to fill out the approved forms in the system to add the data correctly, and photocopying the price list used by the establishment and uploaded it into the system.

Additionally, the workshops showcased the main services provided by the price assessment and follow up-system for commercial enterprises, which include registering service price lists, adding or deleting items, and increasing or decreasing the prices of the items registered in the price list.

H.E. Undersecretary of the Ministry of Commerce and Industry meets with Omani counterpart

H.E. Mr. Sultan Bin Rashid Al-Khater, the Undersecretary of the Ministry of Commerce and Industry, met with His Excellency Dr. Saleh bin Said bin Salem Masen, Undersecretary for Trade and Industry of the Ministry of Commerce, Industry and Investment Promotion of the Sultanate of Oman. The meeting was held on the sidelines of the 3rd edition of the Qatar Economic Forum, which took place in Doha from 23rd to 25th May.

 

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two nations in the fields of trade, investment, and industry. Furthermore, Qatar’s experience in these fields has been highlighted during the meeting.

 

During the meeting, H.E. the Undersecretary of the Ministry of Commerce and Industry showcased the successful economic policies Qatar has put in place to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors, businessmen, and business owners to invest in Qatar.

 

H.E. Minister of Commerce and Industry meets with several Ministers

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met with several Ministers, on the sidelines of the 3rd edition of the Qatar Economic Forum, which took place in Doha from 23rd to 25th May.

 

H.E. the Minister of Commerce and Industry held separate meetings with His Excellency Mr. Faisal bin Fadel Al-Ibrahim, Minister of Economy and Planning of the Kingdom of Saudi Arabia, His Excellency Mr. Levan Davitashvili, Deputy Prime Minister and Minister of Economy and Sustainability of Georgia and His Excellency Mr. Moses Correa, Minister of Investment, Trade and Industry of the Republic of Kenya.

 

The meetings featured previewing issues of common interest aimed at strengthening bilateral cooperation in the fields of trade, investment, and industry. In addition to exchanging perspectives on the various topics outlined in this edition’s agenda.

 

During the meetings, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has put in place to support the private sector and pointed out the incentives, legislations, and promising opportunities to encourage investors, businessmen, and business owners to invest in Qatar.

The Minister of Commerce and Industry meets with Secretary General of the African Continental Free Trade Area (AfCFTA)

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met with H.E. Mr. Wamkele Mene, secretary general of the AfCFTA, within the framework of the 3rd edition of Qatar Economic Forum, held in Doha between 23-25 May.

 

The meeting witnessed seeking ways to enhance and improve cooperation between Qatar and the African Continental Free Trade Area. In addition to exchange perspectives about topics listed on this edition’s agenda.

 

During the meeting, H.E Minister of Commerce and Industry highlighted Qatar’s economic policies that proved successful in supporting the private sector, reviewing incentives, legislations, and opportunities available in the country that aim to encourage investors and businessmen to invest in Qatar.

The Minister of Commerce and Industry meets with Ministers and Senior Officials

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with a number of ministers and senior officials who are visiting the country to participate in the 3rd edition of Qatar Economic Forum, held in Doha between 23-25 May.

H.E Minister of Commerce and Industry held separate meetings with The Rt Hon. Ms Kemi Badenoch- UK’s Secretary of State for the Department for Business and Trade, and H.E. Mr. Marton Nagy- Hungary’s Minister of Economic Development.

The meetings witnessed seeking ways to enhance and improve mutual cooperation in the fields of trade, investment, and industry. In addition to exchange perspectives about topics listed on this edition’s agenda.

Meanwhile, the Minister of Commerce and Industry met with Mr. Liver Oehms, CEO of German Chamber of Commerce. They discussed bilateral cooperation between Qatar and Germany to establish trade and industrial projects within the private sector.

 

H.E highlighted Qatar’s economic policies that proved successful in supporting the private sector, reviewing incentives, legislations, and opportunities available in the country that aim to encourage investors and businessmen to invest in Qatar.

 

The Minister of Commerce and Industry meets with Saudi’s Minister of Investment

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Eng. Khalid A. Al-Falih- Saudi’s Minister of Investment, who is visiting the country to participate in the 3rd edition of Qatar Economic Forum, held in Doha between 23-25 May.

 

The meeting witnessed discussing topics of mutual interest, to enhance and improve bilateral cooperation in the fields of trade, investment, and industry. In addition to exchange perspectives about topics listed on this edition’s agenda.

 

H.E highlighted Qatar’s economic policies that proved successful in supporting the private sector, reviewing incentives, legislations, and opportunities available in the country that aim to encourage investors and businessmen to invest in Qatar.

 

 

H.E. Undersecretary of Ministry of Commerce and Industry participates in the 14th International Economic Forum “Russia – the Islamic World: Kazan Forum 2023”

His Excellency Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, participated in the 14th International Economic Forum, held during 18-19 May in Kazan, Republic of Tatarstan. In this context, H.E. attended the forum’s official opening ceremony and participated in the opening session.

H.E. Mr. Al-Khater also participated in a panel discussion titled “International Trends of Foreign Direct Investments: The Role of Russia and Organization of Islamic Cooperation Member-States.”

His Excellency the Undersecretary of the Ministry of Commerce and Industry stressed during his participation in the session that the State of Qatar is eager, within the framework of its economic openness, to consolidate its foreign relations and devote cooperation with its various trade partners, particularly the Federal Republic of Russia and the Republic of Tatarstan, noting the strength and durability of the historical and strategic partnership that binds between Qatar and these two countries.

H.E. commended the State of Qatar’s long-standing relations with the Republic of Tatarstan, stating that the state strives to create successful commercial and economic partnerships as an inherent aspect of Qatari-Russian relations.

He also emphasized the importance of working to strengthen communication and coordination bridges with partners in Tatarstan to diversify and increase partnership opportunities between the two countries’ business sectors, especially since Tatarstan is an important economic destination within the Russian Federation and has many investment opportunities and capabilities that Qatari companies can benefit from.

In the context of discussing the Qatari economy and the country’s investment environment, he stated that the State of Qatar has been able to maintain its balanced economic growth despite the various global changes it has witnessed over the last three years, referring to expectations that its GDP will grow by about 2.4% in the year 2023. This is in addition to several international organizations agreeing on the country’s excellent credit rating and stable economic outlook.

In this regard, H.E. Mr. Al-Khater invited investors from around the world to take advantage of the country’s stable economic environment, significant legislative and administrative incentives and advantages, and the diverse package of solutions provided by the country to investors looking to enter the country’s local markets and expand in the region, including advanced infrastructure, industrial and logistical areas, and free zones capable of meeting all of the needs of enterprises operating in the key sectors.

Finally, His Excellency the Undersecretary of the Ministry of Commerce and Industry expressed his hope that this meeting would serve as a motivator and catalyst for renewing determination and continuing work to invest in available opportunities and broaden the horizons of a partnership between the State of Qatar, the Federal Republic of Russia, and the Republic of Tatarstan in various fields, in a way that supports development goals and common aspirations to achieve sustainable economic prosperity.

 

 

 

On the sidelines of the forum, H.E. Mr. Sultan bin Rashid Al-Khater held individual meetings with several high government officials. In this context, H.E. met with H.E. Rustam Minnikhanov, President of the Republic of Tatarstan, in the presence of H.E. Sheikh Ahmed bin Nasser Al-Thani, Ambassador of the State of Qatar to the Russian Federation, and several senior government officials of the Republic of Tatarstan. H.E. Mr. Al-Khater also met with H.E. Mr. Oleg Korobchenko, Deputy Prime Minister and Minister of Industry and Trade of the Republic of Tatarstan. The meeting was attended by Mr. Hermann Lerner, Deputy Minister of Industry and Trade of the Republic of Tatarstan.

H.E. Mr. Al-Khater also met with Ms. Taliya Minullina, Chief Executive of the Tatarstan Investment Development Agency.

 

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in the fields of trade, investment, and industry.

During the meeting, H.E. the Undersecretary of the Ministry of Commerce and Industry showcased the successful economic policies Qatar has put in place to support the private sector and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.

His Excellency the Undersecretary of the Ministry of Commerce and Industry toured the Russia Halal Expo exhibition, which is being held as part of the forum’s activities. H.E. was briefed on the various pavilions, services, and products provided by the participating companies and institutions.

 

During the tour, H.E. Mr. Sultan bin Rashid Al-Khater met with H.E. Mr. Rustam Muratov, Deputy First Prime Minister and Minister of Economic Development and Investment Policy of the Republic of Bashkortostan and H.E. Ms. Margarita Bolytcheva, Minister of Foreign Economic Relations and Congress Activity of Bashkortostan. Officials discussed issues of common interest and prospects for cooperation between the State of Qatar and the Republic of Bashkortostan in the sectors of trade, investment, and industry.

The Russia – Islamic World: KazanForum aims to strengthen trade, economic, scientific, technical, educational, social, and cultural ties between the regions of the Russian Federation and the member States of the Organisation of Islamic Cooperation (OIC). The forum witnessed the organization of many events and panel discussions that focused on several topics, including sectors of Islamic finance, halal industry, international cooperation, logistics, industry, sustainable development, environmental, social, and institutional governance, information technology, innovation, investment, entrepreneurship, SMEs, education, medicine, and sports.

During the forum, a session entitled “Russia – the Islamic World: Media Cooperation for Sustainable Development and Economic Prosperity” was organized for media representatives with the participation of heads of national news agencies of the OIC member States and the Russian Federation. During the session, a discussion took place on the role and opportunities of the media in the OIC countries and Russia in solving global sustainable development issues, in addition to shedding light on the prospects for information partnership.

 

Ministry of Commerce and Industry celebrates World Intellectual Property Day

The Ministry of Commerce and Industry celebrated World Intellectual Property Day, themed “Women & IP: Boosting Innovation and Creativity”, in the framework of its commitment to reinforce the dialogue on the importance of intellectual property and enhance its role in developing a positive environment for innovation and creativity.

The celebration aims to highlight the government’s efforts in terms of intellectual property, and the initiatives launched to provide necessary mechanisms to protect female innovators whether inventors, authors, or producers of technical, artistic, or literary content. Besides that, it encourages female innovators for further creativity that fulfills Qatar’s National Vision (2030) that aims to make Qatar an advanced country able to achieve sustainable development and insure its people decent living.

Mrs. Amna Jabir Al Kuwari, head of Intellectual Property Rights Protection Department at MOCI emphasized in her opening speech on the importance of spreading awareness about intellectual property rights in Qatar, noting that the amount of participation in the event reflects how interested both trade and industry sectors are in raising awareness about IP rights in order to preserve the product of human mind and innovation led by the youth we are counting on to build a brighter future.

She stressed on the role of IP in empowering female innovators, pointing to decision makers’ interest in amending and updating IP legislations to match international practices.

Al Kuwari highlighted the national efforts to set a national intellectual property strategy in line with the national vision (2030) in terms of preparing national strategies and executive plans, noting to updating the institutional framework of the intellectual property department through the development of industrial models and drawings, and providing the department with young staff and train them to provide the best service to Qatari and foreign innovators and IP assets holders.

She explained that in line with Qatar’s approach towards improving services provided, IP department services digital transformation is under progress, to facilitate and maintain rights registration from any violation. She pointed that awareness programs and spreading intellectual property norms is an interest to many through implementing the largest number of programs and target audiences, whether school or college students, trade and industry sectors, and legal community.

Al Kuwari stated that allotment of Trade and Investment Court we witnessed recently according to law. (21) of 2021 to handle the disputes regarding patents, trademarks, industrial models, trade secrets, and

 

other IP rights, is proof of the government’s interest in IP rights and the importance of solving related disputes without delay.

She further pointed out that on international level, Qatar’s membership in Patent Cooperation Treaty (PCT) since 2011 is a window for local innovators towards 156 countries members in the treaty. In addition to access to a huge amount of technical information in multiple sectors, to achieve general benefit from international treaties: MOCI is in the process of joining more international treaties that helps innovators protect their assets of trademarks, and industrial models in most countries.

On the sidelines of the celebration, the accompanying exhibition was inaugurated, where the participants displayed their innovations in various fields.

The ceremony witnessed panel discussions that highlighted crucial topics, most notably women role in intellectual property emergence and encouraging investments, and intellectual property’s role in life aspects. As well as discussing intellectual property’s role in the national efforts to empower women to create a better future, the challenges, and opportunities to improve the use of intellectual property systems by women, and inventors’ role in diversifying the economy, in addition to a display of Qatari women success stories.

The female innovators and entrepreneurs participated in the accompanying exhibition, and panel discussions participants were honored.

It should be noted that World Intellectual Property Day was first celebrated in 2000, in aim of spreading the culture of intellectual property, and raise the peoples’ awareness and encourage them to innovate in the field of inventions: literary and artistic compilations and offer them information by experts to protect their innovations.

H.E. the Minister of Commerce and Industry meets the President of the Cooperative Republic of Guyana

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met with His Excellency Dr. Muhammad Irfan Ali, the President of the Cooperative Republic of Guyana, who is currently visiting the country.

 

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two nations in the fields of trade, investment, and industry.

 

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has put in place to support the private sector and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.

H.E. Minister of Commerce and Industry meets USA Middle East Institute delegation

His Excellency Sheikh Mohammed Bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met with a delegation from the Middle East Institute (MEI) in the USA, who is currently visiting the country.

During the meeting, the officials discussed the close friendship and cooperation relations between Qatar and the U.S., as well as exchanged views on a variety of issues including the development of the commerce and industry sectors, the use of new technologies, eco-friendly fields, and trade relations between Qatar and various countries around the world.

 

H.E. Minister of Commerce and Industry showcased the economic policies and incentives adopted by Qatar to support the private sector, in addition to the legislations and promising opportunities that are available to foreign investors and businessmen in Qatar.

H.E. also emphasized that the country seeks to diversify its economy by gradually reducing its dependence on hydrocarbon sectors, moving towards a knowledge-based economy, and achieving sustainable growth. In light of its distinguished position as a regional center for technological innovation, the State of Qatar has been establishing special economic zones with attractive advantages and incentives for investors to attract foreign capital, particularly in the areas of technology, advanced industries, and logistics services.

Qatar participates in GCC’s Commercial and Industrial Cooperation Committees’ meetings as well as the meeting of Ministerial Committee for Gulf Standardization affairs

The State of Qatar participated in the 64th meeting of the GCC Commercial Cooperation Committee, the 50th meeting of the GCC Industrial Cooperation Committee and the meeting of the GCC Ministerial Committee for Standardization Affairs, which were attended by their Excellences the Ministers of Commerce and Industry of the GCC countries. The meetings took place on Thursday, May 11, 2023, in Oman.

The meetings featured discussing a number of topics and issues listed on the agenda, in addition to taking the appropriate pertaining decisions.

During the ministerial meeting of the Commercial Cooperation Committee, the GCC Entrepreneurs’ Platform was inaugurated. It aims at supporting entrepreneurs, particularly small and medium-sized businesses owners, in GCC countries by introducing them to investment opportunities in the region, allowing them to grow their businesses and market their products and services, and facilitating communication between entrepreneurs as well as between investors, financiers, and clients in the GCC countries.

In addition, the consultative meeting was conducted between the Ministers of Commerce and Industry, and the heads of the Chambers of Commerce in GCC member states.

At the consultative meeting, topics and recommendations addressed by the heads of the GCC Chambers of Commerce were reviewed, and suitable decisions were made.

H.E. Undersecretary of Ministry of Commerce and Industry participates in Preparatory Meetings of Undersecretaries of GCC State Commerce and Industry Ministries

H.E. Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, participated in the 56th preparatory meeting of the Committee of Undersecretaries of the GCC Ministries of Commerce, and the 42nd meeting of the Committee of Undersecretaries of the GCC Ministries of Industry. The meetings were held in Muscat, Sultanate of Oman.

Their Excellencies the Undersecretaries of the Ministries of Commerce and Industry discussed several topics of common interest listed on their agenda, and made recommendations based thereon to their Excellencies the Ministers of Commerce and Industry in the GCC States for them to adopt in their upcoming meetings, and take the appropriate relevant measures.

Ministry of Commerce and Industry praises car dealers’ commitment to delivering 4000 new vehicles to consumers

The Ministry of Commerce and Industry has praised the commitment of car dealers to its circular, which ensures that dealers fulfill their obligations towards consumers when purchasing or reserving vehicles. As a result, 4000 new vehicles were delivered to their owners.”

This result was achieved through the Ministry’s inspectors conducting intensive periodic campaigns on car agencies, aimed at ensuring their compliance with Circular No. (1) of 2023, which specifies the obligations of car providers and dealerships towards consumers when buying or reserving vehicles.

The Department of Consumer Protection and Combating Commercial Fraud has issued circular (1) of 2023, through the “Delivery Date Form” which includes mandatory data according to the law.

The Ministry referred to Law No. (8) of 2008, regarding the protection of consumers, and the following amendments which clarified the obligations of the providers in line with the protection of consumers’ rights, and also Article (8) related to the rights of consumers to obtain additional information as per the executive regulations of this law, which stipulated in Article (4) stating the nature of data that should be available in the document issued by the providers.

Additionally, the Ministry gave car dealers residing in the State of Qatar a week notice from the date of learning of this decision, to implement the changes and inform the Consumer Protection and Anti-Commercial Fraud Department about it.

The Ministry affirmed that after the expiry of the deadline, it shall intensify its inspections to monitor the adherence of car dealers to the new regulations, and it will deal with any violation of the obligations stipulated in Law No. (8) of 2008 and its implementing regulations related to consumer protection.

The Ministry encourages all citizens and residents to report violations through the following channels:

– Call Centre: 16001

The Ministry of Commerce and Industry social media sites:

  • Twitter: @MOCIQATAR
  • Instagram: MOCIQATAR

H.E. the Minister of Commerce and Industry meets Uzbek counterpart

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with His Excellency Mr. Laziz Kudratov, Minister of Investment, Industry and Trade of the Republic of Uzbekistan, who is currently visiting the country.

 

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two nations in the fields of trade, investment, and industry.

 

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has put in place to support the private sector and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.

 

H.E. Minister of Commerce and Industry meets with the Vice President of the Socialist Republic of Vietnam

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Ms. Vo Thi Anh Xuan, Vice President of the Socialist Republic of Vietnam, and the accompanying delegation currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in the fields of trade, investment, and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has put in place to support the private sector and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.

Qatar participates in the 2023 SelectUSA Investment Summit

The State of Qatar participated in the 2023 SelectUSA Investment Summit, which was held from May 1-4 in Washington DC.

The Summit was attended by His Excellency Saleh Majed Al-Khulaifi, Assistant Undersecretary for Industry and Business Development Affairs at the Ministry of Commerce and Industry.

Qatar’s participation in SELECTUSA Investment Summit aligns with its keenness to strengthen bilateral ties with the U S. and discuss investment opportunities in both countries.

On the sidelines of the Summit, H.E. Mr. Al-Khulaifi participated in a roundtable organized by the U.S. Chamber of Commerce. The event was attended by H.E. Sheikh Mohammed bin Hamad Al-Thani, CEO of Qatar Free Zones Authority, H.E. Sheikha Mayes bint Hamad Al Thani, the Qatar Managing Director for Qatar- US Business Council, and representatives from Qatar’s public and private entities including the Investment Promotion Agency of Qatar, the Ministry of Communications and Information Technology, Barzan Holdings, and major U.S. companies such as Boeing, Motorola, Amazon, and Citibank.

During his participation, H.E. the Assistant Undersecretary for Industry and Business Development Affairs highlighted Qatar’s vast investment opportunities across various sectors, including post-World Cup developments. He also emphasized the key laws and regulations governing investment, including the Law regulating non-Qatari capital in economic activity and the Law regulating public-private partnerships, as well as the incentives and benefits available to foreign investors.

On the sidelines of the Summit, H.E. Mr. Al-Khulaifi participated as a guest of honor in the reception organized by the U.S.-Qatar Business Council which attracted senior officials and businessmen from both the U.S. and Qatar.

Additionally, H.E. Mr. Al-Khulaifi held a series of meetings on the sidelines of the Summit. H.E. met with Mr. Mark Murray, Deputy Assistant U.S. Trade Representative, Mr. Arun Venkatraman, Assistant Secretary of Commerce for Global Markets, and Director General of the U.S. and Foreign Commercial Service Global Markets, and Mr. Dale Tasharski, Deputy Director General of the U.S. and Foreign Commercial Service.

During the meetings, officials previewed topics of common interest to strengthen cooperation between the two countries in the trade, investment, and industry sectors. They also discussed ways to enhance bilateral relations in light of the distinguished ties of friendship and common strategic interests that bind the two nations, underscoring the mutual commitment to advancing the partnership.

H.E. Mr. Al-Khulaifi highlighted the State of Qatar’s successful policies to support the private sector, showcasing the various incentives, regulations, and promising opportunities available to encourage investment and entrepreneurship in the country.

SELECTUSA Investment Summit is considered to be the most prominent event dedicated to attracting FDI to the U.S. It particularly attracts senior officials, chief executive officers, and thought leaders. Each edition focuses on a particular theme related to the investment ecosystem in the U.S., the latest trends in the industry, and new opportunities.

This year’s edition is witnessing the organization of more than 100 different sessions, including discussion panels with prominent U.S. officials and company executives, in addition to specialized sessions focusing on various industries such as investment, international supply chains, advanced manufacturing, car manufacturing, aeronautics, clean energy, and other fields.

Qatar and the U.S. have a strong economic partnership, with bilateral trade reaching $6.68 billion in 2022. The U.S. is Qatar’s 9th largest trading partner.

HE Undersecretary of Commerce and Industry participates in the 2nd Tashkent International Investment Forum

His Excellency Sultan Bin Rashid Al-Khater, the Undersecretary of the Ministry of Commerce and Industry, participated in the second edition of Tashkent International Investment Forum, held during 27-28 April in the city of Tashkent, Uzbekistan.

The forum also witnessed the participation of senior officials from Qatar Investment Authority, Qatar Financial Centre, Investment Promotion Agency and senior Uzbek figures from the public and private sector.

On the margins of the forum, a bilateral meeting was held between HE Dr. Shavkat Mirziyoyev, President of the Republic of Uzbekistan, and HE Sultan Bin Rashid Al-Khater, the Undersecretary of the Ministry of Commerce and Industry, and later with HE Laziz Kudratov, Minister of Investment, Industry and Trade of the Republic of Uzbekistan.

The meetings discussed issues of common interests, to strengthen bilateral ties in the fields of trade, investment and industry, in addition to exchanging views about the Forum’s topics.

HE the Undersecretary of the Ministry of Commerce and Industry showcased the successful economic policies adopted by the State of Qatar to support the private sector, illustrating the incentives, regulations and promising opportunities available in the country which serve to encourage investors and businessmen to invest in Qatar.

It’s to be noted that the Tashkent International Investment Forum serves to showcase the investment potential of the Republic of Uzbekistan to foreign investors, and hence attract investors and major financial and economic institutions to the country.

The 2nd edition of the forum witnessed the organization of several sessions and roundtables which concentrated on various subjects like environmental and social practices, corporate governance, the role of women in developing small and medium sized enterprises, the private sector role in developing infrastructure projects, tourism, retail industry –opportunities, challenges and E-trade- and the prospects in the field of digitizing small and medium sized enterprises, in addition to some other topics.

Ministry of Commerce and Industry issues 30 fines against a number of car agencies in the country

The Ministry of Commerce and Industry issued 30 fines against a number of car agencies in Qatar, and referred them to the competent authorities to take legal actions, for failing to commit to providing spare parts for consumers’ vehicles within the specified time period, which is a violation of Article (16) of Law No. (8) Of 2008 on Consumer Protection.

 

This procedure is the result of regular and intensive inspections implemented by the Ministry’s inspectors to check car agencies’ compliance with their commitment to providing spare parts for consumers’ vehicles, in response to complaints monitored by the Ministry through its various communication channels, which stated that a number of car agencies failed to comply with providing spare parts within the agreed-upon time period.

The Ministry affirmed that it will deal firmly with any non-compliance with the obligations stipulated in Law No. (8) Of 2008 and its implementing regulations concerning the protection of consumers’ rights.

Moreover, the Ministry is intensifying its inspection campaigns to identify violators and refer them to the competent authority to take the necessary actions against them.

The Ministry encourages all citizens and residents to report any violations via the following channels:

– Call Center: 16001

The Ministry of Commerce and Industry social media sites:

Twitter: @MOCIQATAR

Instagram: MOCIQATAR

Qatar participates in official opening ceremony of Hannover Messe International Industrial Fair 2023

The State of Qatar participated in the official opening ceremony of the Hannover Messe International Industrial Fair 2023, which was inaugurated by His Excellency Mr. Olaf Scholz, German Chancellor, and His Excellency Mr. Joko Widodo, President of the Republic of Indonesia, the guest country for this year’s edition, held in Hannover, Germany, from 17-21 April 2023.

His Excellency Mr. Sultan bin Rashid Al Khater, Undersecretary of the Ministry of Commerce and Industry, represented the State of Qatar at the event and inaugurated Qatar’s pavilion at the exhibition.

Organized by the Ministry of Commerce and Industry and spanning an area of about 406 square metres, Qatar’s pavilion features a number of  government and private sector agencies specialized bodies in the industrial field, including: the Ministry of Commerce and Industry, Investment Promotion Agency Qatar, Qatar Free Zones Authority, Qatar Science and Technology Park, Qatar Financial center and Qatar Chamber. In addition to a number of private companies such as Doha Cables Company and Azm Projects Development Company (plastic and glass), Ibtechar Company 3,2,1 (3D printing in educational and industrial projects), Al-Shabib Battery Factory, and Dallah Holding.

 

The State’s pavilion also sheds light on the leading Qatari industries and the latest technologies and technological developments in the industrial sector in the country. The Hannover International Industrial Fair comprises a significant opportunity to exchange expertise and experiences, introduce Qatari companies and industries, and blaze a trail for creating distinctive partnerships between Qatari and international companies, enhancing cooperation between them, in addition to introducing the most prominent global experiences, and significant technical development in the industrial sector.

 

During its participation in the Industrial Fair, the Ministry of Commerce and Industry presents the characteristics of Qatar’s investment environment. As well as, the laws and legislation passed to stimulate local and foreign investment, including the law regulating the investment of non-Qatari capital in economic activity, and the law regulating public-private partnership. Additionally, reviewing the incentives and advantages that have been provided to investors, such as exempting foreign invested capital from income tax for up to ten years for specific investment projects in many sector; and providing exemption from customs taxes and fees when importing equipment and raw materials. The Ministry also introduces the services provided to investors to facilitate procedures pertaining to investment applications, establishing companies, and completing transactions.

 

The Ministry also shines a spotlight on the investment opportunities available in the industrial sector, as well as the goals it seeks to achieve by 2030, and growth projections of the manufacturing sector.

Participating entities within Qatar’s pavilion showcased the most prominent initiatives undertaken by Qatar to attract and stimulate investments in the industrial sector and enhance its strategy of supporting the private sector and offering incentives to attract investors and foreign capital.

Participants also introduced Qatari industries in various sectors and the latest technological developments and advanced equipment being used in the industrial sector, in addition to the investment opportunities and incentives granted to investors, businessmen and entrepreneurs seeking to invest in various industries. These incentives promote domestic and foreign investments and contribute to the economic development of Qatar.

Furthermore, the participating entities organize a number of specialized workshops and presentations with the goal of introducing the most prominent distinguished projects and initiatives, as well as the state’s incentives, facilities and investment opportunities to attract more foreign direct investment, particularly in the industrial sector.

During the workshops and presentations, knowledge, expertise and experiences are exchanged, as well as the most pressing issues concerning the industry sector.

 

The program of the event includes a number of dialogue sessions that highlight a wide range of topics such as industrial automation, cloud technologies, digital infrastructure, data management, digital platforms, robotics, information security technology, artificial intelligence, renewable energies, green hydrogen, as well as efficient energy use, CO2-neutral production, digital energy management, and the economy alongside other important areas.

Qatar participates in Hannover Messe International Industrial Fair 2023

The State of Qatar is participating in the Hannover Messe International Industrial Fair 2023, taking place from 17-21 April 2023, in the German city of Hanover. The largest industrial forum on the global scene, Hannover Fair attracts the largest production companies in the world, and is the world’s leading trade fair for industrial technology.

 

A number of government and private sector agencies are participating in the Qatar pavilion, including: The Ministry of Commerce and Industry, The Investment Promotion Agency of Qatar, Qatar Free Zones Authority, Qatar Science and Technology Park, Qatar Financial Centre, Qatar Chamber, as well as a number of private companies such as Doha Cables Company and Azm Projects Development Company (plastic and glass), Ibtechar Company (3D printing in educational and industrial projects), Al-Shabib Battery Factory, and Dallah Holding.

 

The entities participating in the State of Qatar pavilion shall preview the most prominent Qatari initiatives, projects, services, and products, as well as the promising investment opportunities, incentives, and privileges available to investors and businessmen to invest in the various sectors in Qatar.

 

The Industrial Fair also sheds light on the leading Qatari industries and the latest technologies and technological developments in the industrial sector in the country. The Hannover International Industrial Fair comprises a significant opportunity to exchange expertise and experiences, introduce Qatari companies and industries, and blaze a trail for creating distinctive partnerships between Qatari companies and international companies, enhancing cooperation between them, as well as learning of the most prominent global experiences, and significant technical development in the industrial sector.

 

During their participation, Qatari entities will also present the characteristics of Qatar’s investment environment, as well as the laws and legislation passed to stimulate local and foreign investment, including the law regulating the investment of non-Qatari capital in economic activity, and the law regulating public-private partnership, in addition to previewing the incentives and advantages that have been provided to investors, such as exempting foreign invested capital from income tax for up to ten years for specific investment projects in many sectors; and providing exemption from custom taxes and fees when importing equipment and raw materials. The participants will also introduce the services provided to investors to facilitate procedures pertaining to investment applications, establishing companies, and completing transactions.

 

Ministry of Commerce and Industry issues 36 fines for one of the biggest car dealerships in Qatar

The Ministry of Commerce and Industry issued 36 fines for one of the biggest car dealerships in the country and referred it to the competent authorities to take legal action, for non-compliance with the contracts signed with consumers in delivering cars, which is a violation of Article (11) of Law No. (8) of 2008 on Consumer Protection.

This procedure is the result of regular and intensive inspections implemented by the Ministry’s inspectors to check car dealerships’ compliance with the contracts concluded to protect consumers’ rights, following complaints monitored by the Ministry on its various communication channels, which stated that some car dealerships failed to adhere to the contracts concluded and that the delivery of the purchased or reserved new cars was delayed, although they were paid for.

The Ministry affirmed that it will deal firmly with any non-compliance with the obligations stipulated in Law No. (8) of 2008 and its implementing regulations concerning the protection of consumers’ rights.

Moreover, the Ministry is intensifying its inspection campaigns to identify violators and refer them to the competent authority to take the necessary actions against them.

The Ministry emphasizes the necessity for consumers to carefully examine the contracts concluded, particularly in terms of clarity and accuracy, and that they include all the necessary details regarding the purchased good or service. The contract should be dated and stamped by the company, while clearly specifying the rights and obligations of both parties, in addition to ensuring that it complies with Law No. (8) of 2008.

The Ministry encourages all citizens and residents to report any violations via the following channels:

– Call Center: 16001

The Ministry of Commerce and Industry social media sites:

Twitter: @MOCIQATAR

Instagram: MOCIQATAR

Ministry of Commerce and Industry issues a circular specifying providers’ obligations to consumers when purchasing or reserving cars

The Consumer Protection and Combating Commercial Fraud Department at the Ministry of Commerce and Industry issued Circular No. (1) of 2023 to specify the obligations of car providers to consumers when buying or reserving cars by preparing a form for a “delivery date document” that includes mandatory data in accordance with the provisions of the law. This circular comes in line with the Ministry’s keenness to protect consumers’ rights when buying or reserving new or used cars.

The Ministry referred to Law No. (8) of 2008, regarding the protection of consumers, and the following amendments which clarified the obligations of the providers in line with the protection of consumers’ rights, and also Article (8) related to the rights of consumers to obtain additional information as per the executive regulations of this law, which stipulated in Article (4) the nature of data that should be available in the document issued by the providers, and therefore the following has been decided:

First: the preparation of a form to reserve a vehicle, which includes the following:

  • Name and address of the provider, and the date of the invoice
  • Type of vehicle or service, plus a basic description
  • Sale unit
  • Number of units sold
  • Unit condition (if used)
  • Price of the good or service in Qatari Riyal
  • Delivery date
  • Signature/seal of the provider or his/her legal representative
  • Serial number of the good and its components

The form is filled once the provider is certain about the availability of the vehicle requested by the consumer, and once the date of delivery and payment are specified.

Second: Providing the customer with a copy of the “delivery date form”:

Third: All car dealers concerned with this circular shall regularly provide the Consumer Protection and Anti-Commercial Fraud Department with a monthly statement of car reservations and make it readily available.

Additionally, the Ministry has decided to give car dealers residing in the State of Qatar a week notice to implement the changes and inform the Consumer Protection and Anti-Commercial Fraud Department about it.

The Ministry affirms that after the expiry of the deadline, it shall intensify its inspections to monitor the adherence of car dealers to the new regulations, and it will deal with any violation of the obligations stipulated in Law No. (8) of 2008 and its implementing regulations related to consumer protection.

The Ministry encourages all citizens and residents to report any violations via the following channels:

– Call Center: 16001

The Ministry of Commerce and Industry social media sites:

Twitter: @MOCIQATAR

Instagram: MOCIQATAR

Qatar participates in the Arab Consumer Protection Week in Oman

The State of Qatar participated in the activities of the “Arab Consumer Protection Week” forum, which was held in Muscat, the Sultanate of Oman, during 8-14 March 2023 under the title of “Small Consumer and Sustainable Consumption”.

Qatar was represented in the forum by Mr. Mohammed Abdul Karim Al Emadi, Director of the Consumer Protection and Combating Commercial Fraud Department at the Ministry of Commerce and Industry. The Forum was also attended by several ministers, undersecretaries, and consumer protection representatives from different Arab countries.

The forum consisted of panels that discussed themes related to small consumers, and showcased the experiences of the Sultanate of Oman and other Arab countries in consumer protection, in addition to the planning and organization of awareness programs.

The forum aimed to shed light on the nature of the legislation on consumer protection, the role of legal systems and legislation in protecting consumers, especially regarding traditional and electronic fraud, the role of the media and its effects in raising awareness about the issues of the small consumer in the Arab world, and ways to benefit from the local and international experiences in the field of developing the services of government consumer protection agencies.

The forum also shed light on the policies adopted by the Sultanate of Oman to achieve sustainable consumption, in addition to proposing practical recommendations to raise awareness about the importance of the small consumer category and enhance related legislation.

H.E. Minister of Commerce and Industry participates in World Government Summit in Dubai

His Excellency Sheikh Mohammed bin Hamad bin Qassim AlThani, Minister of Commerce and Industry, participated in the activities of the World Government Summit 2023, which was organized by the United Arab Emirates under the themeForeseeing Future Governments from 13-15February, 2023 in Dubai.

The Summit brought together a distinguished group of state leaders, heads of government, ministers, senior officials, decision makers, thought leaders, and specialists in commercial, industrial, investment, and economic affairs from around the globe.

During the Summit, H.E. the Minister of Commerce and Industry attended a number of the Summits main sessions, including  high-level and specialized dialogue sessions titled “10 Years of Transformation”, “The State of the World”, and “The Role of Climate Finance in Building a Sustainable Future”.

Additionally, H.E. the Minister of Commerce and Industry, met with H.E. Najla Bouden Romdhane, Tunisian Prime Minister, and the accompanying delegation.

During the meeting, officials touched on the bilateral relations between Qatar and Tunisia and discussed ways to strengthen cooperation in various fields such as trade, investment, and different industries, in addition to exchanging views on the Summit’s agenda topics.

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani highlighted the successful economic policies Qatar has put in place to support the private sector, and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.

H.E. Minister of Commerce and Industry meets with Ministers and Senior Officials on the sidelines of the 5th UN Conference on Least Developed Countries

His Excellency Sheikh Mohammed Bin Hamad Bin Qassim Al-Thani, Minister of Commerce and Industry met with several ministers and senior officials on the sidelines of the 5th United Nations Conference on Least Developed Countries, which took place in Doha during 5-9 March 2023.

H.E. Minister of Commerce and Industry met, separately, with H.E. Mr. Faisal Alibrahim, Minister of Economy and Planning in the Kingdom of Saudi Arabia, H.E. Mr. Daniyar Amangeldiev, Minister of Economy and Commerce of the Kyrgyz Republic, H.E. Mr. Kairat Umarov, Special Envoy of H.E. the President of the Republic of Kazakhstan and First Deputy Minister of Foreign Affairs, H.E. Mr. Moses Kiarie Kuria, Minister of Trade, Investment, and Industry of the Republic of Kenya, H.E. Mr. Rodrigo Malmierca, Minister of Foreign Trade and Investment of the Republic of Cuba, and H.E. Mr. Zavqi Zavqizoda, Minister of Economic Development and Trade of the Republic of Tajikistan

The meetings discussed ways to strengthen and develop cooperation, especially in the fields of trade, investment, and industry.

H.E. Minister of Commerce and Industry showcased the economic policies and incentives adopted by Qatar to support the private sector, in addition to the legislations and promising opportunities that are available to foreign investors and businessmen in Qatar.

Additionally, H.E. Minister of Commerce and Industry met, separately, with H.E. Mr. Daren Tang, Director General of the World Intellectual Property Organization “WIPO”, H.E. Dr. Gerd Müller, Director General of the United Nations Industrial Development Organization “UNIDO”, and Dr. Guy Diedrich, Senior Vice President and Global Innovation Officer for Cisco Systems.

During the meetings, H.E. expressed Qatar’s recognition for the support provided by “WIPO” in developing the policies and strategies related to intellectual property, especially the National Strategy for Intellectual Property, and how to benefit from the MOUs signed so far.

H.E. Minister of Commerce and Industry also emphasized the role played by “UNIDO” in facilitating industrial development in developing countries and stressed Qatar’s keenness to support the organization in facing global challenges.

H.E. Minister of Commerce and Industry participates in the Closing Ceremony of the Private Sector Forum

His Excellency Sheikh Mohammed bin Hamad Al-Thani, The Minister of Commerce and Industry, participated in the Closing Ceremony of the Private Sector Forum, held during 5-7 March 2023, on the margins of the 5th United Nations Conference on the Least Developed Countries, which is being organized in Doha during 5-9 March 2023.

The Closing Ceremony, which was jointly organized by the Office of the High Representative of the United Nations for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, Microsoft, and Qatar Chamber, witnessed the participation of HE Mrs. Rabab Fatima, High Representative of the United Nations for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, Mr. Chris Sharrock, Vice President, UN Affairs and International Organizations, Microsoft, and several Chief Executive Officers, business representatives and heads of international organizations.

During his speech, H.E. Minister of Commerce and Industry stressed the importance of the Conference as it represents an opportunity that is available once every ten years, to regenerate hope and hasten the pace of sustainable development in the regions that need international help the most.

He added that this conference represents an opportunity to start an effective and constructive dialogue between the country leaders and governments of the least developed countries, the representatives of the private sector and civil society, to come up with creative ideas and transform pledges into tangible results.

He also mentioned that the Private Sector Forum serves as an effective platform to present concrete and practical proposals to develop this sector in the least developed countries, in addition to facing the current challenges and concluding innovative commercial partnerships with these states that are home to more than a billion people.

The Minister of Commerce and Industry pointed out the broad and high-level participation in this Forum, which reflects the importance of enhancing the role of the private sector in the least developed countries, by supporting this sector, building stronger partnerships with it, and promoting its growth will have positive effects on investment, trade and job creation, in addition to enhancing innovation and serving as an engine to stimulate economic growth in the least developed nations.

H.E. the Minister added that believing in this role, the Doha Program of Action for the Least Developed Countries attaches special importance to supporting the private sector by requesting pledges to support the micro, small, and medium-sized enterprises, steamline the supply chains, ease access to markets, in addition to adopting transparent and open frameworks for business and investment and maintaining intellectual property rights, in line with the international standards. Moreover, this program is taking strategic steps to fill in the digital gaps, by providing financial support for the least developed countries and facilitating the access of the private sector and small companies in these nations to the appropriate digital tools and platforms, to strengthen their links with the international markets.

The Minister also pointed out that amidst the current global challenges, especially the conflicts and the climatic change that affect the least developed countries the most, including food security, poverty, and inequality, in addition to debts that hinder their development efforts, it’s our collective duty to accelerate our response and meet their urgent development needs.

He added that out of Qatar’s firm commitment to international cooperation and joint action to supporting the needs of comprehensive development in the least developed nations, His Highness Sheikh Tamim bin Hamad Al-Thani, the Amir of the State of Qatar, has directed to provide a total of $60 million, including $10 million to help implement the activities of the Doha Program of Action for the Least Developed Countries, and $50 million to support the desired outcomes of the program and enhance the resilience of the involved countries.

H.E. mentioned that this important initiative reflects the firm belief of the State of Qatar’s leadership that international humanitarian solidarity is the only way to build a new world, one that is safer, fairer, and stable for current and future generations.

His Excellency concluded by hoping that the outcomes and recommendations of the Private Sector Forum will be implemented, through the launch of innovative initiatives, to advance the Least Developed Countries’ efforts to build a better future for their people.

The Private Sector Forum aims to increase cooperation between the Least Developed Countries and the private sector and to stimulate innovation to achieve the development goals of these countries. The Forum also addressed various ways to enhance the private sector’s investment in 5 priority fields: Sustainable Energy, Agriculture and Rural Development, Communications, Climate Change, and Sustainable Tourism.

Ministry of Commerce and Industry participates in the German Association of Small and Medium-Sized Businesses’ annual reception

His Excellency Mr. Saleh bin Majed Al-Khulaifi, Assistant Undersecretary for Commerce Affairs at the Ministry of Commerce and Industry, participated in the annual reception organized by the German Association of Small and Medium-Sized Businesses in Berlin.

 

This participation reflects Qatar’s determination to strengthen its strategic ties with the Federal Republic of Germany, and support the joint efforts to develop cooperation between the business sectors in both countries.

 

In his speech, H.E. Mr. Al-Khulaifi praised the close ties between the State of Qatar and the Federal Republic of Germany. He also noted the successful participation of Qatar in the Hannover International Industrial Fair in 2022 as an important step in the context of the long-standing Qatari-German partnership, pointing out that bilateral trade has reached $1.8 billion in 2022.

 

Regarding investment, H.E. stated that 323 German companies operate in Qatar, playing an important role in supporting the country’s development journey. Germany represents one of the main destinations for Qatari investments abroad, amounting to $9.9 billion.

 

Concerning the economic policies adopted by Qatar, H.E. Mr. Al-Khulaifi expressed that the government has strived to diversify the economy by directing the efforts of the private sector toward investment in non-hydrocarbon sectors, such as renewable energy, technology, small and medium-sized enterprises, and infrastructure, in addition to attracting FDI and localizing industries in fields that can help Qatar in its pursuit of self-sufficiency.

 

He also added that these efforts reflected positively on the growth rates of the economy, as attested by the World Bank, which has stated that the Qatari economy grew by 4% in 2022.

 

H.E. the Assistant Undersecretary for Commerce Affairs concluded by expressing his aspiration to explore innovative ways to preserve achievements and face current and future challenges by encouraging joint work between the public and private sectors in both nations.

 

For his part, Mr. Marcus Werger, CEO of the German Association of Small and Medium-sized Businesses, said: “We are pleased that the State of Qatar is participating for the first time in the “Future Day for Small and Medium Enterprises” with 5 participants. We are particularly pleased to welcome the Qatari delegation from the Ministry of Commerce and Industry, the Qatar Investment Authority, and the Investment Promotion Agency of Qatar (IPA Qatar). We believe that this event will provide a very good networking opportunity for small and medium-sized companies from Qatar and Germany”.

 

“It is our great pleasure to open our GCC office based in Doha.” He added.

 

State of Qatar is elected to chair The Technical Committee for The Intellectual Property at The Arab League

The State of Qatar has been elected to chair the Technical Committee for Intellectual Property at the Arab League, for a period of two years. This came during the 10th meeting of the Committee, which was held at the headquarters of the League of Arab States’ General Secretariat in Cairo, on 15-16 of February.

 

The Technical Committee for Intellectual Property is concerned with setting rules for cooperation between Arab countries in the field of intellectual property rights protection. With the Committee’s central role being the enhancement of Arab awareness regarding intellectual property issues, all while encouraging innovation.

 

The Committee members unanimously elected Mrs. Amna Jaber Al-Kuwari, Director of the Intellectual Property Rights Protection Department at the Ministry of Commerce and Industry as Chairman of the Technical Committee for a period of two years.

 

The election of the State of Qatar to chair the Technical Committee reflects the tremendous interest that the State attaches to intellectual property issues. The Committee members have entrusted the State of Qatar with this position in recognition of the progress it has made in this strategic field.

 

During the meeting, the Committee reviewed the recommendations of its 9th meeting in February, as well as the implementation of the recommendations of the sub-committees on industrial property and copyright and related rights.

 

The Committee also agreed in establishing a regional network of technology and innovation support centres, all while discussing mechanisms to implement statistics and specific indicators of the reality of industrial property in Arab countries.

 

H.E. Undersecretary of Ministry of Commerce and Industry participates in the 5th U.S.-Qatar Strategic Dialogue Sessions

His Excellency Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, led the Economic and Commercial Cooperation Session organized on the sidelines of the fifth U.S.-Qatar Strategic Dialogue, held in Doha.

The session witnessed the participation of representatives from the Ministry of Commerce and Industry, the Ministry of Communications and Information Technology, Qatar Investment Authority, the Investment Promotion Agency Qatar, and the U.S.-Qatar Business Council.

In his speech, H.E. Mr. Al-Khater praised the strong economic ties between Qatar and the U.S., which have contributed to the advancements made in both countries despite global challenges.

His Excellency also affirmed that Qatar strives to diversify its economy, and gradually lessen its dependence on the hydrocarbon sector, to build a knowledge-based economy in line with Qatar National Vision 2030.

His Excellency mentioned the many reforms introduced to create an attractive business environment for foreign companies working in Qatar including legislation to regulate the investment of non-Qatari capital in economic activity, which allows up to 100% foreign ownership across various sectors. He also cited the launch of the Single Window System and the establishment of an Investment Promotion Agency to streamline procedures for investors and provide them with the necessary support.

H.E. Mr. Al-Khater pointed to World Bank projections that the Qatari economy will grow by 3.4% this year, while its strength has similarly been acknowledged by international rating agencies, indicating a positive outlook for foreign investment. He also mentioned that 90% of Qatar’s GDP currently comes from international trade across all sectors, yet the country continues to reform and improve its trade policies and adopt new ones to enhance its free trade system and economic openness concept.

Highlighting the economic role of Qatari women, H.E. Mr. Al-Khater stressed the fact that many of the country’s economic achievements would not have been possible without their contributions. He stated that Qatar is proud to have the highest female economic participation rate in the Arab world today, with many Qatari women occupying leading roles in both the private and public sectors.

He concluded by stressing Qatar’s determination to build its manufacturing, and research and development capabilities, in addition to a clean and renewable energy sector. He advises U.S. companies to benefit from current projects and the financial and legal incentives provided by the different government programs across these sectors.

H.E. Mr. Al-Khater expressed his hope of strengthening cooperation with stakeholders in the U.S. to adopt the best international practices related to investment promotion and direct it to priority sectors.

The Economic and Commercial Cooperation Session included several panel discussions. The panel focused on Qatari investment in the U.S., the available investment opportunities in Qatar, the strengthening of economic and commercial ties between the two countries, and the economic participation of women.

H.E. the Undersecretary of the Ministry of Commerce and Industry also participated in the Private Sector Event organized by The Ministry of Commerce and Industry, the U.S.-Qatar Business Council, Qatar Chamber, and U.S. Chamber, on the sidelines of the Strategic Dialogue.

During his participation, H.E. Mr. Al-Khater emphasized that U.S.-Qatari economic ties grew substantially since the conclusion of the TIFA agreement in 2004, and bilateral trade has reached $9.46 billion in 2022, making Qatar the ninth largest U.S. trade partner.

He pointed out that Qatari investments in the U.S. are worth $69 billion, while U.S. companies contribute significantly to Qatar’s development, noting that more than 856 U.S. companies currently operate in Qatar.

He emphasized that the Strategic Dialogue is an opportunity for both countries to strengthen bilateral ties and discuss the mechanisms of cooperation, despite the current global headwinds.

Lastly, H.E. commended the participation of the representatives in the session from the Supreme Committee for Delivery and Legacy, Qatar Development Bank and Qatar Chamber, and Qatari Businessmen Association.

 

Mohammed Barakat, Managing Director and Treasurer of the Board of Directors also stated : “The US and Qatar already share robust trade and investment that continues to strengthen year to year. Through additional discussions like this private sector event today, the commercial relationship between the two countries will continue to expand and reach new heights.”

 

“The close strategic relationship between the U.S. and Qatar is on display this week as officials from both governments meet for the fifth annual U.S.-Qatar Strategic Dialogue. The U.S. Chamber of Commerce commends the U.S. and Qatari governments for continuing the dialogue for a fifth year and using this platform to ensure consistent and sustained engagement,” Liz Clark, Senior Manager for Middle East Affairs at the U.S. Chamber of Commerce, said. “We were pleased to host a discussion with private sector and government representatives on the sidelines of the dialogue to discuss the fundamental priorities of trade and investment, continuing to advance an important avenue for business leaders to discuss ways to grow economic ties and help inform the economic discussions.”

 

“Today’s private sector panel continues to show the importance of private and public sector collaboration. The American business community is a key stakeholder in the shared US-Qatar economic success. We at AmCham Qatar are proud to represent US industry and innovation in Qatar, and we commend and congratulate the US and Qatari governments on a successful 5th strategic dialogue.” Todd Creeger, Chairman of AmCham Qatar.

H.E. Undersecretary of Ministry of Commerce and Industry participates in virtual round table meeting of GCC trade Ministers and World Trade Organization Director General

H.E. Mr. Sultan bin Rashid Al Khater, Undersecretary of the Ministry of Commerce and Industry, participated in a virtual round table meeting that brought together trade Ministers from the Gulf Cooperation Council (GCC) along with H.E. Ms. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO).

 

The meeting falls within the framework of discussions and preparations for the 13th WTO Ministerial Conference, which is scheduled to take place in the United Arab Emirates during the first quarter of 2024. The meeting touched on the active role that GCC members can play to ensure the success of the conference and efforts to deliver on its objectives.

 

In his opening remarks, H.E. voiced hope that the meeting would lay the foundations for cooperation and integration between GCC nations and the WTO. Pointing out both the challenges and obstacles that hinder international trade and to find effective solutions through creative initiatives that cater to the economic aspirations of participating countries.

 

H.E. also welcomed the positive outcomes of the 12th Ministerial Conference particularly when it comes to fisheries subsidies, trade, health, and food security. He noted that these positive developments emphasize the WTO’s role as the cornerstone of the global trading system.

 

Qatar stands in full support of efforts aimed at activating the WTO agreement. The fisheries subsidies are in line with the first goal specified in the SDGs in terms of supporting the fisheries sector as an important source of food security in the GCC region, said H.E. Mr. Al Khater. He also stressed the need to provide developing countries with this opportunity to grow and flourish in this sector to further support their economies.

 

The round table meeting touched on three main issues including the WTO agreement on fisheries subsidies, the contribution of GCC countries to the agreement’s support fund, and the aspirations of member states with regards to the 13th Ministerial Conference.

 

In his closing remarks, H.E. was optimistic that the upcoming Ministerial Conference will result in concrete outcomes on the issues that were discussed, such as e-commerce, investment facilitation and other areas of interest to the WTO.

 

 

H.E. Minister of Commerce and Industry participates in “The World Government Summit” in Dubai

His Excellency Sheikh Mohammed bin Hamad bin Qassim AlThani, Minister of Commerce and Industry, participated in the activities of the World Government Summit 2023, which was organized by the United Arab Emirates under the themeForeseeing Future Governments from 13-15February 2023 in Dubai.

The Summit brought together a distinguished group of state leaders, heads of government, ministers, senior officials, decision makers, thought leaders, and specialists in commercial, industrial, investment, and economic affairs from around the globe.

During the Summit, H.E. the Minister of Commerce and Industry, attended a number of the Summits main sessions, including high-level and specialized dialogue sessions. Additionally, H.E. met with H.E. Najla Bouden Romdhane, Tunisian Prime Minister, and the accompanying delegation. During the meeting, officials touched on the bilateral relations between Qatar and Tunisia and discussed ways to strengthen cooperation in various fields such as trade, investment, and different industries, all while exchanging views on the Summit’s agenda topics.

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani highlighted the successful economic policies Qatar has put in place to support the private sector, and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.

Featuring the participation of His Excellency the Minister of Commerce and Industry

The Ministry of Commerce and Industry, led by His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, organized several sports and entertainment events and activities on the occasion of Qatar National Sport Day, in cooperation with the Qatar Shooting and Archery Association, at Lusail Shooting Complex.

H.E. the Minister expressed his delight to be participating in this significant national event, noting that it reflects Qatar’s leading position, bothregionally and globally, as a destination for sports events, as evidenced by Qatar’s hosting of international sports tournaments during the past years, and its success in hosting the FIFA World Cup Qatar 2022.

H.E. moreover stated that dedicating a national day to sports reflects the wise leadership’s belief in the role sports hold to build a healthy society. Such a society can actively contribute to the achievement of Qatar National Vision 2030 with its focus on human capability as the focus and goal of comprehensive development, H.E. added.

The activities organised by the Ministry included sports competitions in football, volleyball, archeryand physical fitness exercises, supervised byspecialised coaches. The Ministry also organized several competitions for children, including games such as climbing, bouncing, and hurdle races.

The Ministry staff also attended a number of Qatar Open Shotgun Championship competitions, organized by the Qatar Shooting and Archery Association.

The Ministry staff expressed their happiness inparticipating in the activities of the day, sharing that the competitions and sporting events contributed to a sense of unity and teamwork.  

The event reflected the Ministry’s keenness to enhance awareness of the importance of sport and its prominent role in the development of society, supporting the country’s goal of developing human capacity in accordance with the Qatar National Vision 2030.

H.E. the Minister of Commerce and Industry meets Jersey’s Minister for External Relations and Financial Services

His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with His Excellency Philip Ozouf, Minister for External Relations and Financial Services of the Government of Jersey, and the accompanying delegation currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in the sectors of trade, investment, and industry.

During the meeting, His Excellency the Minister of Commerce and Industry highlighted the successful economic policies Qatar has put in place to support the private sector, and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.

H.E. Minister of Commerce and Industry meets with the Finnish Minister for Development Cooperation and Foreign Trade

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Ville Skinnari, Minister for Development Cooperation and Foreign Trade of the Republic of Finland, and the accompanying delegation currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in the fields of trade, investment and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has put in place to support the private sector, and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.

 

 

H.E. Minister of Commerce and Industry meets with the Egyptian Minister of Planning and Economic Development

H.E. Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, met today with H.E. Dr. Hala El-Said, Minister of Planning and Economic Development of the Arab Republic of Egypt, who is currently visiting the country.

The meeting featured previewing issues of common interest aimed at strengthening cooperation between the two countries in the fields of trade, investment and industry.

During the meeting, H.E. the Minister of Commerce and Industry showcased the successful economic policies Qatar has put in place to support the private sector, and pointed out the incentives, legislations, and promising opportunities that are aimed at encouraging investors, businessmen, and business owners to invest in Qatar.