H.E. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, received in his office today, Sunday, January 3rd, 2021, Mrs. Kimberly Reed, President of the Export-Import Bank of the United States (EXIM), and the accompanying delegation currently visiting the country.

During the meeting, the officials stressed on their commitment to collaborating globally to advance economic prosperity and security for the two nations.

Working together, MOCI and EXIM have agreed to strengthen communication regarding mutual investment opportunities to support economic development in the region, particularly in the infrastructure, energy and telecommunications sectors.

His Excellency Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, and His Excellency Dr. Ali bin Fattis Al-Marri, Attorney-General, inaugurated today the Commerce and Consumer Affairs Prosecution headquarters.

 

The Commerce and Consumer Affairs Prosecution has been established based on a proposal submitted by the Ministry to settle cases related to consumer rights and commercial transactions. This initiative contributes to supporting efforts to combat fraud and commercial corruption, deter unfair competition as well as take necessary measures to prevent related abuses and hold the perpetrators accountable, so as to support the State’s security, stability and economic growth.

 

On this occasion, H.E. Mr. Ali bin Ahmed Al-Kuwari said the Commerce and Consumer Affairs Prosecution was the fruit of cooperation between the Ministry of Commerce and Industry and the Public Prosecution.

H.E. pointed out the development the country has witnessed in the field of commercial transactions and local and foreign investment, especially after passing several laws supporting these areas, such as the law regulating the investment of non-Qatari capital in economic activity, and the flourishing of commercial activity in the country.

 

H.E. stated that this development constituted an impetus to develop the legislative and judicial system in the State, by providing legal protection to consumers and merchants. In this context, a specialized prosecution office has been created to examine cases related to violations seized and reported by the Ministry of Commerce and Industry.

 

H.E. added that the Commerce and Consumer Affairs Prosecution facilitated taking the necessary legal measures against perpetrators, pointing out that this constituted a quantum leap terms of quick settlement of consumer and commercial cases, which require accurate, expanded and specialized inquiry during the investigation phase. Additionally, cases related to protecting competition or commercial fraud necessitate the help of accounting experts in order to reach fair decisions and rulings that align with the Qatari constitution and enshrining the principle of the rule of law.

 

 

H.E. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, chaired the Qatari delegation that participated in the consultative meeting of the GCC Trade Cooperation Committee on free trade agreements between the GCC and other States and clusters.

During the meeting, which was held through video-conferencing, a number of topics of common interest were discussed, and the recommendations made by the GCC countries negotiating team were followed up.

The Investment Promotion Agency Qatar (IPA Qatar) and the Roscongress Foundation hosted a joint hybrid event titled “Qatar-Russia Economic Partnership: Avenues of Growth for Russian Companies in Qatar’s Investment Ecosystem”. The event was held within the framework of IPA Qatar and RoscongressFoundation’s partnership and in the run-up to Qatar’s participation as the guest country in the upcoming St. Petersburg International Economic Forum (SPIEF).

The event witnessed the participation of Qatar’s Minister of Commerce and Industry and Chairman of the IPA Qatar Board His Excellency (H.E.) Mr. Ali bin Ahmed Al–Kuwari; the Head of the Russian Federal Agency for International Development (Rossotrudnichestvo) Mr. EvgenyPrimakov; Ambassador of Qatar to Russia H.E. Mr. Fahad bin Mohammed Al-Attiyah; Chief Executive Officer (CEO) of the Investment Promotion Agency Qatar Sheikh Ali Alwaleed Al-Thani; and Roscongress CEO Mr. Alexander Stuglev.

During his participation in the session, H.E. Ali bin Ahmed Al-Kuwari, praised the multi-dimensional strategic relations between Qatar and Russia, stressing in this regard that both countries continue to achieve progress in their common goals of enhancing economic performance and developing human capital, as well as increasing diversification of industries.

H.E. underscored that these goals formed a basis for strengthening cooperation between the two nations in the coming years. On the level of trade relations between the two countries, H.E. indicated that the volume of trade exchange between Qatar and Russia had witnessed an upward trend, reaching US $202 million in 2019 compared to US $118 million in 2012 – a 200% increase during the seven-year period.

H.E. noted that despite the global crisis, measures to respond to the COVID-19 pandemic in both countries had proven successful. Consequently, Qatar and Russia’s Gross Domestic Products are expected to increase by 2.5% and 2.8% respectively in 2021, contributing to the economic growth of both countries, and to the expansion of their relations in various fields.

H.E. referred in this regard to the projects under consideration of a value exceeding US $9 billion in the fields of health care, real estate, infrastructure, agriculture, etc. H.E. touched on the cooperation agreement to boost investment signed between the IPA and the RoscongressFoundation at the 2019 Doha Forum, stating that organizing the session today was one of the fruits of this promising partnership.

Mr. Primakov said the State of Qatar is viewed by the Government of the Russian Federation as both important partner in the Middle East and potential investor in the national economy.

He said: “Since 2018, a number of large and medium-sized Russian enterprises have been actively working with the Qatari government and the private sector to expand their business to Qatar and the GCC region. Qatar is viewed by many as a potential regional hub for their business operations.”

Following up on the ministers’ keynotes, Mr. Stuglev noted that today’s event marks a continuation of the Foundation’s joint efforts to boost Russian-Qatari cooperation.

He said: “Exactly one year ago, in December 2019, we held a St. Petersburg International Economic Forum session at the Doha Forum. Last year’s forum saw us successfully organize several business events, hold a range of significant meetings, and sign an agreement with the Investment Promotion Agency Qatar. A lot has changed during this past year. We were able to cooperate in the fields of healthcare, food security, and mutual investments. These topics will carry on into SPIEF 2021.”

During the seminar, IPA Qatar’s CEO Sheikh Ali Alwaleed Al-Thani delivered a presentation on Qatar’s value proposition and the unique advantages the Invest Qatar brand offers to Russian investors.

“With the support of IPA Qatar and the Roscongress Foundation, Russian companies can leverage Qatar’s business-friendly investment ecosystem, connect to the right resources and platforms, and realize their growth ambitions in a resilient, thriving economy. Today’s event will be a key milestone in further advancing our collaboration with our respective partners and companies in the lead-up to SPIEF 2021,” he noted in his comment on the occasion.

A panel on how licensing platforms of Qatar can support companies in their growth journey with representatives from the Qatar Financial Centre (QFC), the Qatar Free Zones Authority (QFZA), the Qatar Science and Technology Park (QSTP)and the Qatari-Russian Center for Cooperation (QRCC) was followed by a discussion in which high-level representatives from Russian enterprises shared the highlights of their companies’ success journeys in Qatar.

About the Investment Promotion Agency Qatar (IPA Qatar)

IPA Qatar oversees investment promotion activities under the Invest Qatar brand and acts as the country’s umbrella organization for FDI attraction. Through its vast resources and close coordination with Qatari licensing platforms, it helps businesses advance their ambitions and achieve long-term success by delivering the support, advice, and expertise needed.

IPA Qatar’s goal is to showcase Qatar as an exceptional investment destination, connecting international investors to lucrative business opportunities, while bringing progress to the country’s economic development and diversification goals across sectors and geographies.

About the Roscongress Foundation

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions, exhibitions, and public events. The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyze, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

H.E. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, chaired the Qatari delegation that participatedin the 26th session of the Partnership Summit 2020, which was held throughvideo conferencing technology, from December 15th until the 18th, inMumbai.

The participation of Qatar in this year’s summit, which was held under the theme: “Partnerships for Lives, Livelihood, and Growth”, comes within the framework of the endeavors aimed at discussing ways to enhance trade and investment cooperation channels between Qatar and India, and shedding light on Qatar’s investment environment, as well as the promising investment opportunities that would contribute to attracting more foreign direct investments and enhancing Qatar’s competitive position in the region and beyond. Additionally, the Summit features looking into expanding business partnership opportunities in various sectors of common interest.

The Partnership Summit had 25 previous sessions, witnessing the participation of a number of Ministers, Senior Officials, Decision-Makers, business leaders, political leaders, investment organizations, investors, and experts in the industrial field.

The Legal Affairs Department at the Ministry of Commerce and Industry won for the second time the Best Legal Affairs Department (Large Team) Award for the year 2020, in the framework of the fifth annual Qatar Business Law Forum Awards ceremony, which was held on Wednesday, December 9th through video conferencing technology.

The Ministry of Commerce and Industry is the strategic partner of the Forum, which has witnessed the participation of many government agencies, departments and professional institutions related to Business Law.

The fifth annual Qatar Business Law Forum Awards ceremony included many competing groups from the government and private sector. The evaluation was conducted by a committee consisting of 10 local and international arbitrators specialized in the field of law.

The Legal Affairs Department previously won the Best Legal Affairs Department (Large Team) Award in 2018. The prestigious honor was received by Mr. Hilal Bin Mohammed Al–Khulaifi, the Director of the Department of Legal Affairs at the Ministry.

Qatar participated in the meeting of their Excellencies the Trade Ministers of the Gulf Cooperation Council, which was held on Sunday, December 13th, 2020 through video conferencing technology.

H.E. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, chaired Qatar’s delegation at the meeting.

Their Excellencies the Trade Ministers discussed several topics on the agenda, including the issue of intra-GCC trade.

The Ministry of Commerce and Industry has carried out an inspection campaign, jointly with the Ministry of Interior, on retail outlets in Al-Shahaniya, in a bid to monitor the degree of compliance with laws and resolutions regulating commercial activities, including law No. (5) of 2015 on Commercial, Industrial and Similar Public Shops, and Street Vendors.

The inspection campaign resulted in 37 reports of violations including incompliance with public and private requirements (failure to adhere to the precautionary measures).

The inspection campaign comes as part of the Ministry’s efforts to monitor and regulate markets and commercial activities across Qatar, and to monitor the degree of compliance with laws and regulations governing commercial activities in a bid to uncover and crack down on violations.

The Ministry stressed that it would not tolerate any negligence in terms of meeting obligations stipulated in Law No. 5 of 2015, and that it would intensify its inspection campaigns to crackdown on such practices. The Ministry said it would refer any party that violates laws and Ministerial decisions to competent authorities, who would take appropriate measures against violators in order to protect consumer rights.

The Ministry urges all merchants and shopkeepers to comply with applicable laws and regulations governing commercial activities, and to review them on its website www.moci.gov.qa to avoid legal accountability and penalties.

The Ministry also urges all citizens and residents to report any violations or infractions related to registration and commercial licensing through the following channels:

– Call Center: 16001

– The Ministry of Commerce and Industry social media accounts:

        – Twitter @MOCIQATAR

        – Instagram MOCIQATAR

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry received on Thursday, December 10th, 2020, H.E. Mr. William Russell, Lord Mayor of the City of London, and the accompanying delegation currently visiting the country.

Discussions touched on the promotion of bilateral relations and the development of jointcooperation, particularly in the fields of trade, economy and investment.

Qatar and the United Kingdom traded during the period from January to September 2020, $2.47 billion worth of goods, whereas the trade exchange between the two countries in 2019 amounted to approximately $3.85 billion,ranking the UK as Qatar’s 7th largest trading partner.

Additionally, a total of 1134 British companies and representative offices are currently operating in Qatar. These include 993 Qatari-British companies, 2 representative offices, 104 fullyowned British companies, and 35 British firmsregistered under the umbrella of the Qatar Financial Centre.

• The EU is Qatar’s second trading partner
• The total trade volume with EU countries during the first nine months of the current year amounted to around 7 Billion USD
• The percentage of Qatar’s imports from the EU was about 23.2% during the first nine months of this year

His Excellency Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, held a meeting with The EU ambassadors and representatives, through visual conferencing technology.

On the Qatari side, the meeting was attended by H.E. Salem bin Abdullah Al- Jaber, Director of the European Affairs Department of the Ministry of Foreign Affairs, as well as a number of Qatar’s representatives to the World Trade Organization (WTO), commercial attaches, and Ministry officials.

On the European side, the meeting was attended by H.E Dr. Claudius Fischbach, the German Ambassador to the state of Qatar, who participated in his capacity as the Representative of the Presidency of the Council of the European Union for the current period, and H.E. Ambassador Cristian Tudor, Head of EU Delegation (non-resident) to Qatar and Kuwait, as well as the EU ambassadors accredited to the state.

During the meeting, officials discussed strengthening friendly relations between Qatar and the EU and ways to open new horizons for cooperation in areas of common interest.

In his opening remarks, H.E. the Minister of Commerce and Industry praised the close relations between Qatar and EU countries, noting that despite the economic and commercial repercussions of the coronavirus (COVID-19) pandemic, EU countries had been able to maintain their same position as last year as the second trading partner of Qatar, with a total trade volume during the first nine months of this year amounting to about 7 billion USD, equivalent to 12.3% of Qatar’s total trade globally. Moreover, the EU has been the second source of imports to the Qatar, as the percentage of imports from the EU amounted to about 23.2% during the same period.

His Excellency added that Qatar and the EU are linked by a significant number of commercial and economic agreements, as Qatar has signed 14 commercial, economic, and technical cooperation agreements, as well as 12 “Reciprocal Promotion and Protection of Mutual Investments” agreements. Additionally, the Ministry of Commerce and Industry heads eight joint committees with a number of European countries.

H.E. said there are more than 50 thousand EU citizens living in Qatar, 95% of them are working in high skilled jobs. H.E. added that Qatar had appointed three commercial attaches in Geneva, London, and Paris as a first step, to be followed by appointing commercial attaches in other EU countries.

H.E. said Qatar invested 71.2 Billion USD in Europe as a whole, where 43% of these investments were invested in the EU countries at a total of around 31 Billion USD.

H.E. added that the number of European companies operating in Qatar currently stood at about 2129, of which 307 are fully owned by European citizens and 1822 owned jointly by Qatari and EU citizens.

 

Touching on the Qatari economy in the post-COVID era, H.E. said the year 2020 has seen major achievements for Qatar despite the significant challenges arising from the outbreak of the COVID-19 virus, which has disrupted supply chains and normal business operations around the globe.

H.E. added that the State had adopted two-tier rapid measures that had been implemented: firstly, to support the private sector and maintain the integrity of the financial and banking markets and the Qatari riyal, and, secondly, to maintain the integrity of the State budget. H.E. referred in this regard to the measures adopted by Qatar to secure its economy, including declaring an economic stimulus package of 75 billion Qatari riyals to support the private sector.

Since the pandemic’s outbreak, Qatar has maintained its commitment to the multilateral trading system and strengthened international cooperation frameworks to ensure the continuity of trade as the engine for economic recovery, H.E. said, noting that Qatar has stepped up efforts to enhance its advanced logistical networks and capitalize on its high-quality infrastructure to consolidate its position as a regional and global trade and investment hub.

In the context of discussing issues related to the World Trade Organization (WTO), H.E. stated that Qatar shared EU countries’ vision on the importance of the multilateral trading system, especially the issues of the WTO’s Appellate Body, the Joint Statement on E-commerce, and the G-33 Initiative on Food Security.

 

 

•      The decision aims to promote national products and facilitate their delivery to consumers.

•      Bolstering demand for national products among citizens and residents.

•      Setting payment deadlines to settle local suppliers’ obligations towards retail outlets.

•      Barring any practice that enables retail outlets to impose service fees, payment deadlines or discriminatory terms and restrictions, or to refuse to deal with local suppliers.

•      Setting a ratio for local products as a percentage of all displayed products of the same type.

The Ministry of Commerce and Industry announced decision No. (6) of 2020 by the Committee that Sets Maximum Prices and Profit Ratios, on capping the services fees charged for displaying and marketing locally produced or packaged food and consumer goods.

The decision was issued within the framework of the Ministry’s efforts to bolster the national industrial environment, consolidate the achievements of local industries and to support national products and showcase their quality.

The decision also falls in line with the Ministry’s long-time interest in monitoring national economic developments and transactions in local markets as well as its ongoing efforts to bolster the business environment in a bid to support local dealers, promote national companies and foster their role in contributing to the growth and economic development in line with the Qatar National Vision 2030.

The decision and its provisions define outlets as stores, markets and sites that display and market locally produced or packaged food and consumer goods. The decision defines a local supplier as a company, commercial establishment or individual who produces or packages food and consumer goods.

The decision also defines service fees as the percentage, commission or payments that retail outlets secure in exchange for displaying and providing marketing services for locally produced or packaged food and consumer goods. The decision outlined the obligations of retail outlets when displaying and marketing locally produced or packaged food and consumer goods as follows:

– Not to exceed the maximum fee for displaying and marketing locally produced or packaged food and consumer goods.

– Committing to honoring payment deadlines for local suppliers.

– Refraining from practices aimed at imposing service fees, payment deadlines and discriminatory conditions on local suppliers.

– Complying with the ratio of displayed local products out of the total percentage of displayed goods of the same type.

The Ministry outlined the maximum service fees to be imposed by retail outlets for the display and marketing of locally produced or packaged food and consumer goods at 10 percent of their sale value.

The aforementioned services include, but are not limited to, the following services:

• Fixed discount Percentage
• Progressive profit margin
• New company registration fees
• New product registration fees
• Shelf usage fees
• Gondola shelving fees
• Loyalty program
• Service organization activities (assortment management)
• Presentation and promotion
• Seasonal promotional services
• Offers or promotions
• Opening of new branches
• Payment method
• Exceptional payment methods
• Product display fees
• Expired products penalty fine

Retail outlets shall also maintain the current service fees for displaying and marketing goods to which this resolution applies if those fees are less than the minimum stipulated in this regard.

As for the payment deadlines to settle dues between retail outlets and local suppliers, the decision stipulates the following:

1- 15 days for locally produced or packaged perishable food products. The list of products includes but is not limited to:

• Vegetables and fruits
• Fresh and chilled fish and seafood
• Chilled meats and their products
• Chilled poultry
• Table eggs
• Milk and dairy products
• Bread of all kinds (grain / slices).

2- 40 days for other locally produced or packaged food products

3- 60 days for other (non-food) consumer goods or locally produced or packaged goods

The aforementioned deadlines are calculated from the date of submitting the monthly account statement to retails outlets and within a period not exceeding 30 days from the date of issuing the invoice.

With regard to their third obligation, retail outlets are prohibited from pressuring dealers to secure service fees, and from imposing payment terms or other discriminatory conditions and restrictions in violation of the provisions of the decision. Retail outlets are also prohibited from refusing to deal with local suppliers.

Touching on the fourth obligation relating to the display and marketing of goods to which the provisions of this decision apply, display and marketing operations have been subjected to controls and procedures, such as setting the percentage of displayed local products at fifty percent (50%) at least of the same type of all displayed goods. These goods shall be displayed on middle shelves and priority shall be awarded to the display of national products by placing a “national product” label on shelves.

The Ministry said it would intensify its awareness campaign to promote national products while carrying out inspection campaigns to ensure the compliance of retail outlets with decision No 6 of 2020 by the Committee that Sets Maximum Prices and Profit Ratios, to ensure the compliance of concerned parties with their stipulated obligations and to crack down on any violations in this regard.

The Ministry urged all parties to report any violations or infringements through the following communication channels:

• Call Center: 16001
• The Ministry of Commerce and Industry’s accounts on social media

         – Twitter @MOCIQATAR

         – Instagram MOCIQATAR

His Excellency Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, participated in a virtual session organised by Italy’s Ministry of Foreign Affairs and International Cooperation and the Italian Institute for International Political Studies (ISPI) under the theme ‘Restructuring Middle East and North African Economies After Covid-19’.

The session was held within the framework of the sixth edition of the Rome MED 2020-Mediterranean Dialogues conference, which is being held in the Italian capital from 25 November to 4 December 2020.

In his address, H.E. stressed the importance of co-operation and partnership to mitigate the repercussions of the Covid-19 pandemic, which has disrupted various industries and businesses around the world.

H.E. said Qatar was making unremitting efforts and has taken proactive steps to deal with the repercussions of the pandemic by investing in innovation, technology and science to enable urgent and effective measures to contain the virus and mitigate its impact.

Touching on the efforts that the government has undertaken to ease the repercussions of the economic crisis, H.E. said the administration was providing support to the private sector through a financial impetus package of 75 billion Qatari Riyals, adding that Qatar has presented a successful model in overcoming the repercussions of the coronavirus through a major monetary stimulus deal and other successful measures.

The trade balance, H.E. noted, also continued to achieve positive surpluses and Qatar’s exports began to rise as of May 2020 due to the gradual lifting of restrictions and the resumption of commercial activity, reflecting the effectiveness of the measures and economic stimulus taken by the state.

H.E. the Undersecretary noted that the Ministry of Commerce and Industry, in turn, supported the state’s efforts to weather the Coronavirus crisis and adopted a flexible and integrated strategy aimed at protecting the private sector and providing companies with the necessary support to adapt to the current circumstances after the gradual lifting of restrictions.

H.E. indicated that the local private sector has played a major role in overcoming the repercussions of the pandemic and seized the opportunity that the crisis offered, especially in the trade and industry sectors, to develop its storage, import and production capacity and to improve the quality of imported and locally manufactured goods.

In this context, Qatar has maintained its commitment to the multilateral trading system and strengthened international cooperation frameworks to ensure the continuity of trade as the engine for economic recovery, H.E. said, noting that Qatar has stepped up efforts to enhance its advanced logistical networks and to capitalize on its high-quality infrastructure to consolidate its position as a regional and global trade and investment hub.

H.E. added that Qatar offers investors access to logistic parks and free zones in strategic locations that are in close proximity to Hamad International Airport and Hamad Port as well as a high-speed road network designed in line with the highest international standards.

Qatar’s Free Zones allow investors 100% foreign ownership and offer tax exemptions and partnership opportunities with Qatari entities, H.E. said, noting that investors have also access to a skilled workforce, investment funds and quality infrastructure.

Qatar’s highly developed infrastructure, H.E. explains, acts as an important catalyst for companies to invest in value-added sectors particularly the industrial, technological and logistics sectors.

Touching on the laws and legislations that Qatar enacted to attract and encourage investments, H.E. said Qatar took important steps forward in this direction including the issuance of a Private Public Partnership law that expands the country’s investment horizons.
The law also provides a legislative framework for improving governance and risk management and promoting competition and innovation to bolster Qatar’s dynamic business environment, H.E. added.

H.E. explained that investors will have the opportunity to finance, develop and operate projects in a variety of priority sectors including food security, sports, tourism, health, education and logistics.

In this context, the PPP law will deliver a major boost to Qatar’s business environment as preparations continue to host the 2022 FIFA World Cup with the development of new projects, H.E. said.

Qatar also issued a law regulating the investment of non-Qatari capital in economic activity, allowing 100% foreign ownership in various sectors.

The session touched on several topics, including the challenges facing Middle East and North Africa region countries as a result of the COVID-19 outbreak as well as the measures adopted across the area to mitigate the negative repercussions of the pandemic and their impact on economic activity. Discussions also focused on recovery efforts through the potential restructuring of regional economies and the adoption of a comprehensive reform agenda that would address basic structural issues and promote a more sustainable and inclusive growth model, in addition to exploring mechanisms to unleash the region’s economic capacity, to support youth and women and ease obstacles that hinder their creative potential.

The Rome Med 2020 Conference is an annual high-level initiative aimed at rethinking traditional approaches to the Middle East region, analysing current challenges and drafting a new “positive agenda” to bolster economic cooperation, overcome regional rivalries and address conflicts.

Launched in 2015, the annual conference features a number of dialogue sessions, discussions and meetings based on the four pillars of shared prosperity, shared security, migration and civil society and culture.

The conference brings together high-level officials including ministers, economists, businessmen and academics representing countries around the world, in addition to representatives of the most prominent international institutions and organizations.

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, chaired Qatar’s delegation to the 36th Ministerial meeting of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC), which was held through video conferencing technology.

The meeting, which took place on November 25 and 26, was chaired by H.E. President of the Republic of Turkey, Recep Tayyip Erdogan.

The meeting featured discussions on the report relating to the implementation of the COMCEC Strategy and the OIC 2016-2025 Program of
Action. The OIC General Secretariat reported on the progress and recent developments in the implementation of the OIC 2025: Program of Action.

The 36th COMCEC meeting also touched on global economic developments, with a special focus on the social and economic repercussions of the Covid-19 pandemic on OIC Member States. In this context, the Statistical, Economic and Social Research and Training Centre for Islamic Countries, presented its annual report on global economic developments while Member States highlighted their views and shared their experience with regards to recent economic developments.

The meeting also featured discussions on a number of topics relating to intra-OIC trade. The heads of participating delegations discussed issues of mutual concern, including efforts to improve the contribution of the private sector to economic cooperation among member of the OIC. In this regard, the Islamic Chamber of Commerce, Industry and Agriculture presented its report on the latest developments of the private sector meetings while the COMCEC Coordination Office shared a summary of the outcomes of the working groups meetings on transport and communication, the development of a sustainable and competitive tourism sector, increasing agricultural productivity and sustaining food security.

Established in 1981, COMCEC is the main forum for multilateral economic and trade cooperation in the Islamic world and acts as a central platform through which development challenges facing the Islamic world are addressed.

 

H.E. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, chaired Qatar’s delegation at the meeting of Trade Ministers of the Gulf Cooperation Council, which was held through video conferencing technology.
During the meeting, officials discussed the concept of free trade agreements among GCC Member States as well as other countries and international groups.

 

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, received H.E. Mr. Mohamed Boussaid, Tunisia’s Minister of Commerce and Export Development, who is currently visiting Doha.

Discussions touched on the promotion of bilateral relations and joint cooperation in the trade, investment and industrial fields.

Talks also focused on bilateral trade policies and the implications of the Covid-19 outbreak on the economic and trade developments in both countries and the efforts undertaken by both sides in the context of addressing the economic repercussions of this crisis.

During the meeting, H.E. the Minister of Commerce and Industry highlighted the economic policies that Qatar adopted and the measures it took to abolish restrictions on foreign investment and create investment opportunities for companies looking to invest and establish a presence in Qatar. Discussions also touched on coordination mechanisms to bolster bilateral trade and to enhance cooperation in priority sectors that would serve the developmental aspirations of both countries.

The Ministry of Commerce and Industry has signed a Memorandum of Understanding with Georgetown University in Qatar to promote coordination and joint cooperation in various fields relating to social and economic research, strategic studies, scholarships, education, development and training.

 

The MoU was signed by Mr. Tareq Hussain Al-Khalaf, Director of Ministry of Commerce and Industry’s Human Resources department, Mr. Rodolph Boughaba, Associate Dean of Executive Education at Georgetown University in Qatar and the university’s Chief Operating Officer, Ms. Shaida Sonde.

 

 

The signing of the MoU comes within the framework of the Ministry’s efforts to form several partnerships in various sectors and industries, including the education and scientific research field in a bid to bolster national competencies and support community development.

 

The MoU aims to enhance coordination and cooperation between the two parties to provide the necessary support for the Ministry’s initiatives and projects and to benefit from the university’s educational programs, research and strategic studies.

 

Under the MoU, both parties agreed to strengthen cooperation in the fields of social science and economic research and strategic studies in accordance with the requirements of the Ministry. The two sides will cooperate in providing internships to GU-Q students, and will coordinate in the field of education and training of department employees and executive leaders of the Ministry.

 

The MoU also aims to facilitate the exchange of professional expertise and research in the fields of business administration, economics and international relations, and to pave the way for the organisation of joint specialised conferences, seminars and workshops, in addition to encouraging students to volunteer in the activities held by the Ministry to serve the community.

H.E. Mr. Ali bin Ahmed Al-Kuwari, received on Monday, November 2, 2020, in his office H.E. Mr. Magzum Mirzagaliyev, Kazakhstan’s Minister of Ecology, Geology and Natural Resources, H.E. Mr. Timur Suleimenov, Deputy Chief of Staff of the President of the Republic of Kazakhstan and the accompanying visiting delegation.

 

Discussions touched on bilateral relations and the promotion of joint cooperation in the trade, investment and industrial fields.

 

The meeting featured discussions on bilateral trade policies, the implications of the Covid-19 virus outbreak on economic and trade relations and the efforts undertaken by both sides to navigate the crisis.

 

H.E. the Minister of Commerce and Industry revisited the economic policies adopted by Qatar and elaborated on how such policies contributed to eliminating restrictions on foreign investments and creating new opportunities for companies looking to invest and establish a presence in the country. H.E. also discussed mechanisms to bolster bilateral trade and enhance cooperation in priority sectors that would serve the developmental aspirations of both countries.

 

The Ministry of Commerce and Industry has announced that it is now possible to renew commercial registrations and licences for a period of one year, or other durations up to a maximum of five years (optional), through the Single Window or Ministry’s website, provided that the validity period of the commercial licence is identical to that of the commercial registration.

The initiative falls within the framework of the Ministry’s efforts to regulate the business environment, promote investment and streamline procedures for investors.

The decision is in line with Cabinet decision No. (31) of 2019 on determining the registration period in the Commercial Register, and decision No. (30) of 2019 on determining the licencing period for commercial and industrial outlets, similar public facilities and street vendors.

The Ministry of Commerce and Industry had previously announced that it would take the necessary measures towards reducing the period required to renew commercial licences for outlets. Investors can now immediately renew such licences for stores, compared to the 48-hour period required prior to the decision.

The latest service is part of a number of smart electronic services provided by the Ministry to improve the business ecosystem in Qatar, and to streamline services for the Ministry’s clients, thereby encouraging investment and trade activities in the country.

 

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, chaired the Qatari delegation that participated in the GCC’s Trade Cooperation Committee 59th meeting and the Industrial Cooperation Committee 47th meeting.

 

The discussions were held using video conferencing technology. They touched on issues of common interest, recommendations and topics raised during the preparatory meetings by the undersecretaries of the ministries of trade and industry of the GCC, and appropriate actions in this regard were taken.

 

H.E. Mr. Sultan Bin Rashid Al Khater, Undersecretary of the Ministry of Commerce and Industry; Mr. Ian Steff, Assistant Secretary for Global Markets and Director General of the United States and Foreign Commercial Service; and Mr. Peter Haas, Principal Deputy Assistant Secretary for Economic and Business Affairs, co-chaired a session on commercial cooperation on Tuesday, September 15, 2020. The session was organised within the framework of the third Qatar-US strategic dialogue through video conferencing technology.

A number of diplomats, ambassadors, senior officials and representatives of various governmental bodies and agencies from both countries participated in the session.

In his remarks, H.E. said the third U.S.-Qatar Strategic Dialogue was being held at a time of considerable global economic uncertainty and challenging trade dynamics.

The events of recent months following the outbreak of the Covid-19 pandemic have been unprecedented, and serve to remind all parties of the importance of global commercial relationships and supply chains, H.E explained.

H.E. added that Qatar’s commercial relationship with the US serves as a strong foundation for bilateral ties, and by all measures is vital and getting stronger.

H.E. said he looked forward to organising the second round of the Economic Roadshow in the US, noting that the roadshow was to be held this year, but was postponed due to the Covid-19 outbreak.

H.E. explained that Qatari-U.S. trade relations have gained considerable momentum since the signing of the Trade and Investment Framework Agreement (TIFA) in 2004, with total trade now eight times more than it was 16 years ago, and twice the value of 2017.

Touching on bilateral investments, H.E. said US firms are increasingly active in Doha, noting that American companies have been operating in Qatar for decades, and have been critical partners in the nation’s development.

H.E. explained that the Strategic Dialogue presented an opportunity to work together with the US to find new ways to strengthen bilateral ties, and explore new mechanisms of cooperation to bolster economic and trade relations, despite the challenges brought on by the coronavirus crisis.

Touching on the reforms that Qatar has undertaken in recent years to bolster its investment environment, H.E. said the country has been able to rapidly diversify local and global supply chains while stepping up efforts to improve its logistics networks to become one of the most advanced digital and logistical systems worldwide, connecting companies to global supply chains through advanced communications and transportation infrastructure.

H.E. added that Qatar has managed to maintain a resilient, diversified and globally connected economy, offering US investors key incentives to tap the Qatari market.

Touching on Qatar’s legislative environment, H.E. said the government has been keen on developing laws and regulations that incentivise investments. These include the law regulating the investment of non-Qatari capital in economic activity, which allows foreign investors up to 100% ownership in various sectors and economic activities, in addition to many other competitive advantages such as the freedom to transfer profits in any convertible currency.

H.E. added that Qatar has established an Investment Promotion Agency to streamline procedures and provide support to foreign investors, including US companies that may benefit from various investment opportunities in Qatar.

in line with its long-term economic diversification strategy, H.E. said that Qatar sought to bolster its private sector. In this context, a law was issued regulating the partnership between private and public sectors. H.E. noted that the law empowers the private sector to tap key opportunities fueled by Qatar’s growth and development.

H.E. added that foreign investors may tap infrastructure projects related to the FIFA 2022 World Cup, and opportunities in a thriving industrial sector that witnessed an increase in the number of operating factories to 915 as of this month (September).

H.E. said Qatar is keen to strengthen cooperation with US to pursue the development of an ecosystem that reflects positively on both countries, including the development of necessary frameworks to protect intellectual property and provide guarantees for investors.

H.E. added that Qatar was also seeking to explore new investment opportunities that benefit the economies of both countries, including potential investments in US infrastructure projects.

In his closing remarks, H.E. said Qatar and the US have achieved a great deal since the launch of the Strategic Dialogue three years ago, adding that Qatar looks forward to capitalising on these special ties to explore the full spectrum of available business and investment opportunities, and to enhance its cooperation with the US across an array of sectors, despite the economic challenges that the world is currently facing.

H.E. added that the US and Qatar’s commitment to working closely together would lead to the announcement of the coming Economic Roadshow and the signing of the announcement of intent to host an investment forum in 2021.

H.E. lauded the agreement signed between Widam Food Company and Tyson Fresh Meats for supplying protein in the global food and agribusiness sector, saying it represents an important step and provides an example of the rewarding cooperation between Qatar and US.

H.E. thanked participants from both sides for the well-prepared agenda and voiced hope that the meeting will contribute to further enhancing the business and economic relationship between the two countries

The session featured a number of discussion panels that touched on Qatari investments in the US, investment opportunities in Qatar, the economic inclusion of women, and the incentives that Qatar Free Zones offer to investors.

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, participated today (Monday, September 14, 2020) in the private sector engagement event held on the sidelines of the third US-Qatar Strategic Dialogue, which was organised by the US-Qatar Business Council in cooperation with the US Chamber of Commerce, using video conferencing technology.
The event was held with the aim of enhancing communication with US companies, highlighting the legislative framework governing the business environment in Qatar, and shedding light on investment and partnership opportunities between the Qatari and American private sectors.
The meeting was attended by Sheikh Khalifa bin Jassim Al-Thani, Chairman of Qatar Chamber; Sheikh Mohammed bin Faisal Al Thani from the Qatari Businessmen Association; H.E. Mr. Wilbur Ross, US Secretary of Commerce; H.E. Mr. Tom Donohue, CEO of the US Chamber of Commerce; Ambassador Anne Patterson, President of the US-Qatar Business Council; and Khush Choksy, senior vice president for Middle East and Turkey Affairs at the U.S. Chamber of Commerce.

The meeting also brought together representatives of government entities, and major Qatari companies from various sectors, in addition to the US private sector and senior executives in a number of industries, including energy, defence, financial services, engineering, construction, health, technology and security.
Speaking at the opening of the private sector event, H.E. the Minister said the meeting provided an important platform to discuss investment opportunities with American and Qatari officials and businessmen.
H.E added that Qatar looks forward to embarking upon the second edition of the Qatar Economic Roadshow in the U.S., which was previously planned to take place this year but had to be postponed due to the coronavirus pandemic.
H.E. said the year 2020 has seen major achievements for Qatar, despite the significant challenges arising from the outbreak of Covid-19, which disrupted supply chains and normal business operations around the globe.
In fact, Qatar has been at the forefront of countries across the region in enforcing measures to protect the health and safety of its citizens and residents, while embracing an integrated strategy to bolster trade and economic activities with its partners around the world, H.E. explained.
In this context, Qatar has maintained its commitment to the multilateral trading system and strengthened international cooperation frameworks, to ensure the continuity of trade as the engine for economic recovery, H.E. said, noting that Qatar has stepped up efforts to enhance its advanced logistical networks, and to capitalise on its high-quality infrastructure, to consolidate its position as a regional and global trade and investment hub.
H.E. added that Qatar offers investors access to logistic areas and free zones in strategic locations that are in close proximity to Hamad International Airport and Hamad Port, as well as a high-speed road network designed in line with the highest international standards.
Qatar’s free zones allow investors 100% foreign ownership and offer tax exemptions and partnership opportunities with Qatari entities, H.E. said, noting that investors also have access to a skilled workforce and investment funds.
Moreover, HE. explained that Qatar’s highly developed infrastructure acts as an important catalyst for companies to invest in value-added sectors, particularly the industrial, technological and logistics sectors.
Touching on the laws that Qatar has enacted to attract and encourage investments, H.E. said Qatar has taken important steps in this direction, including the issuance of a Private Public Partnership law that expands the country’s investment horizons. The law also provides a legislative framework for improving governance and risk management, and promoting competition and innovation to bolster Qatar’s dynamic business environment.
H.E. explained that investors will have the opportunity to finance, develop and operate projects in a variety of priority sectors including food security, sports, tourism, health, education and logistics.
In this context, the PPP law will deliver a major boost to Qatar’s business environment as preparations continue to host the 2022 FIFA World Cup with the development of new projects, H.E. said.
H.E. also elaborated on the benefits of the law regulating the investment of non-Qatari capital in economic activity, which allows up to 100% foreign ownership across all sectors and economic activities, and offers exemptions from income tax and customs duties on the import of machinery and equipment.
H.E. added that Qatar also issued a law allowing non-Qatari individuals and companies to invest in the strategic real estate sector through investment funds, and to own properties in several vital economic and tourism areas across the country.
Qatar has also launched key initiatives to bolster its investment sector, H.E. said, referring to the establishment of the Investment Promotion Agency and the launch of the Single Window initiative that brings together more than 22 government agencies under one platform to streamline investment procedures and fast track the issuance of commercial and industrial licences, allowing investors to establish companies in Qatar at any time, wherever they are based around the world.
In this context, H.E. highlighted that Qatar has put in place a system which ensures that companies can have the utmost confidence in their investments, and provides them with the greatest potential for success. He noted that these key reforms have already bolstered the inflow of foreign direct investments, and created a dynamic business environment that appropriately protects and supports foreign investors.
H.E. added that Qatar is currently focused on developing its private sector, and SMEs in particular, and on facilitating their participation in development projects. This strategy is already paying dividends, with the industrial sector attracting more than $72 billion in investment in 2019. H.E. said Qatar’s spending on infrastructure projects and its expansion of the Small and Medium Scale Industrial Area will provide myriad opportunities for the private sector to tap into and build on this momentum.
H.E. invited participants to visit Qatar to explore its remarkable business environment and take advantage of the tremendous opportunities that the state offers, noting that most attendees are already familiar with the Qatari market, which is home to more than 850 U.S. companies that are either fully owned by US investors or in the form of joint firms.
H.E. added that Qatari-U.S. bilateral trade amounted to more than $9.43 billion in 2019, an increase nearly 90 percent compared to three years ago, while the U.S. is now firmly established as the leading source of Qatar’s imports, which have grown more than 100 percent since 2017.
Qatar is also investing heavily in the U.S., partnering with American companies in a range of sectors, H.E. said, noting that Qatar Investment Authority is channeling up to around $45 billion in investments in the US with partners across a wide variety of sectors from coast to coast, in addition to investments in the U.S. energy sector by Qatar Petroleum.
H.E. explained that these strong economic bonds have helped solidify the foundation of the broader Qatar-U.S. partnership, a deep and multifaceted relationship built on a range of shared strategic and cultural interests and values.
Building upon the strength of these ties, H.E. pointed to the emergence of opportunities to to bolster this partnership even further.
H.E. voiced hope that this relationship continues for generations to come in light of the role that American companies have played as an integral contributor to Qatar’s national development.
He reiterated that Qatar remains a true and committed partner to building and maintaining an optimal business environment, where private companies will have every opportunity to flourish.
H.E. concluded his remarks by expressing the hope that the meeting will contribute to encouraging new American companies to seek new investment partnerships with the Qatari private sector, to begin to realise the full potential of the already robust Qatar-U.S. relationship.
H.E. also thanked officials from the U.S. Chamber of Commerce and the U.S.-Qatar Business Council for organising the event.
H.E. the Minister announced the signing of a memorandum of understanding between Widam Food Company and Tyson Fresh Meats Company, to supply protein in the food and agricultural business sectors. The MoU aims to establish bilateral trade relations in the meat field.
H.E. the Minister then took take part in a Q&A session alongside his US counterpart. The session, which was moderated by Mr. Mohamed Barakat, Executive Director of the US-Qatar Business Council, featured questions from business executives on the investment and trade environment in Qatar.
Speaking at the event, Qatar Chamber’s Chairman HE Sheikh Khalifa bin Jassim Al Thani said the U.S.-Qatar Strategic Dialogue highlighted the strength of bilateral relations, noting that the previous rounds of dialogue were a great success, featuring the ratification of several MoUs and agreements that bolster joint cooperation.
H.E. Sheikh Khalifa noted that the US and Qatar share strong and deep-rooted relations across various fields, including trade and investment, while bilateral trade has achieved great growth rates in the past few years.
Touching on the investment field, Sheikh Khalifa noted that Qatar is home to hundreds of fully-owned U.S. companies and joint US-Qatari firms in different economic sectors, adding that he hoped new U.S. companies would invest in Qatar.
Urging Qatari and U.S. businessmen to take advantage of the incentives that both countries offer, Sheikh Khalifa called on them to forge new economic alliances and commercial partnerships that benefit both sides.
Speaking on behalf of Qatar Businessmen Association Chairman Sheikh Faisal bin Qassim Al Thani, Sheikh Mohammed bin Faisal Al Thani, QBA member, said: “We cannot avoid today addressing the current health crisis that is weighing on the global economy. This crisis, has not only revealed the significance of local supply chains and self-reliant economies but also brought attention to the fact that development and innovation benefits not only innovators but also the entire globe. Likewise, economies rely not only on domestic spending but also on foreign investment and spending. Today, supply chains transcend not only national borders but continents.”
Elaborating on the importance of forging ties between Qatari and US businessmen, Sheikh Mohammed said: “The US is one of our premier destinations for foreign investments. We recognise US strength and leadership in innovation, the diversity of opportunities and competitiveness of US markets, which appeals to businessmen looking to expand beyond regional borders.”
Sheikh Mohammed also highlighted the importance of this meeting, which he describd as, “a platform for exchanging ideas on how we can further enhance our cooperation and create opportunities. Having said that, on behalf of the Qatari Businessmen Association, I would like to invite members of the US Chamber of Commerce and the U.S.–Qatar Business Council, to co-organise with us a business webinar to explore potential opportunities in the US and Qatar, and identify new cooperation mechanisms.”

H.E Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, held separate meetings with H.E. Mr. Wilbur Ross, US Secretary of Commerce, H.E. Mr. Tom Donohue, CEO of the US Chamber of Commerce, and Mr. Khush Choksy, Senior Vice President for Middle East and Turkey Affairs at the U.S. Chamber of Commerce. The meetings were held on the sidelines of the third Qatar-US Strategic Dialogue, which took place in Washington on September 14-15.

H.E. Mr. Al Kuwari also met with H.E. Mrs. Anne Patterson, President of the US-Qatar Business Council, and Mr. Mohamed Barakat, the council’s Executive Director. Discussions centred upon efforts to bolster the contribution of the council to the advancement of shared interests and mechanisms for the development of communication channels between Qatari and American companies, and business events in both countries.

Discussions touched on the promotion of bilateral relations and the development of joint cooperation, particularly in the fields of trade, investment and industry.

Other subjects on the agenda included the development of bilateral trade policies, the implications of the Covid-19 virus pandemic on economic and trade dynamics in both countries, and the efforts undertaken by both sides to confront the economic repercussions of the crisis.

H.E. the Minister elaborated on the economic policies adopted by Qatar, particularly the removal of restrictions on foreign investments, thereby providing companies with the opportunity to set up shop and invest in Qatar.

Discussions also included the promotion of coordinated mechanisms to bolster bilateral trade, and enhance cooperation in priority sectors that would serve the developmental aspirations of both countries.

Qatar and the US exchanged over $ 9.43 billion in goods in 2019, with the US ranking as the leading source of Qatari imports.

• E. Minister of Commerce and Industry voices hope to hold the next session of the Qatari-German Joint Commission in Doha in 2021
• Qatari-German trade exchange exceeded 2.311 billion dollars in 2019
• Germany is Qatar’s 11th largest trade partner

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, participated in a webinar on Qatar’s business and investment environment on Tuesday, September 8th, 2020. The event was organised by Qatar Embassy in Berlin in cooperation with the German Near and Middle East Association (NUMOV).

The conference was attended by H.E. Mr. Mohammad Jaham al-Kuwari, Former Ambassador of Qatar to Germany; H.E. Mr. Abdulaziz Bin Nasser Al-Khalifa, CEO of Qatar Development Bank (QDB); H.E. Mr. Yousuf Mohamed Al-Jaida, Chief Executive Officer of Qatar Financial Centre Authority; and H.E. Sheikh Ali Alwaleed Al-Thani, the CEO of the Investment Promotion Agency of Qatar.

On the German side, the conference was attended by H.E. Mr. Thomas Bareiß, the Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy & Co-Chairman of the Qatari-German Joint Commission on Trade, Economic and Technical Cooperation; H.E. Dr. Claudius Fischbach, German Ambassador to the State of Qatar; and Mr. Niko Warbanoff, Member of the Board of NUMOV and Chairman of the Board of DB Engineering & Consulting GmbH.

In his opening speech, H.E. Mr. Al Kuwari highlighted the importance of the webinar, which provides a platform for dialogue between the Qatari and German private sectors, for SMEs and entrepreneurs to discuss opportunities to cooperate in areas that will contribute to strengthening economic and commercial ties between the two nations.

H.E. The Minister congratulated both H.E. Sheikh Abdulla bin Mohammed bin Saud Al-Thani for his appointment as Ambassador to the Federal Republic of Germany, and H.E Dr. Claudius Fischbach for his appointment as Ambassador of the Federal Republic of Germany to the State of Qatar.

H.E. affirmed that this meeting presented another opportunity to build on what both sides achieved during the Qatari-German Joint Commission on Trade, Economic and Technical Cooperation, expressing his aspiration to hold the next session of the Joint Commission in Doha in 2021.

H.E referred to the directives of His Highness the Amir Sheikh Tamim bin Hamad Al-Thani to support and provide financial and economic incentives in the form of a QR 75 billion incentive package to the private sector, in addition to QDB’s initiative to launch the National Guarantee Program which aims at helping private sector companies overcome the challenges posed by the pandemic.

 

H.E. shed light on the stimulating investment environment in the State of Qatar, and the new laws and regulations governing the business environment. In particular, he highlighted the law on regulating the partnership between the public and private sectors, which aims to enhance economic diversification and further the private sector’s contribution to national development.

 

On trade relations between the two countries, H.E. said Qatari-German trade ties have gained considerable momentum in recent times, with over 2.311 billion dollars-worth of goods exchanged in 2019, ranking Germany as Qatar’s 11th largest trade partner.

 

A total of 332 German companies are currently operating in Qatar, including 270 Qatari-German companies, 46 fully owned German companies, and two German representative offices, in addition to 14 companies licenced under the umbrella of Qatar Financial Centre.

 

H.E. said that these companies are contributing to the implementation of several major projects in the infrastructure sector such as Qatar Rail, as well as the development of key stadiums for the 2022 FIFA World Cup, in addition to other vital ventures in various fields.

 

H.E. added that Qatar has made significant investments in a range of German industries, especially following the historic visit of His Highness the Amir to Germany in September 2018, during which His Highness announced Qatar’s intention to invest 10 billion Euros into the German economy over the five years up to 2023.

 

In his concluding remarks, H.E. voiced his hope that this webinar would contribute to developing new projects and concluding more investment partnerships to further enhance bilateral ties between the two nations.

 

For his part, H.E. Mr. Mohammad Jaham al-Kuwari, Former Ambassador of Qatar to Germany, praised the close partnership between the two countries, which covers a wide range of political, cultural and particularly economic areas.

 

H.E. the Former Ambassador added that Qatar is strongly committed to further intensifying the excellent relations between the two nations as a strategic objective, especially in light of the immense challenges that the world is currently facing.

 

The highest priority is to defeat the global corona pandemic and return to sustainable economic growth and stable international trade, H.E. Mr. Mohammad Jaham al-Kuwari said.

 

H.E stressed the importance of the conference, as it contributes to further strengthening the outstanding cooperation and networks, as well as attracting new entrepreneurial opportunities allowing both nations to face the global challenges ahead with strong economic, political and sustainable commitment.

 

H.E. added that, even though the COVID-19 pandemic has hit the global economy hard, the strength of Qatar’s economy and companies remains evident. In this context, H.E. the Former Ambassador hailed the efforts of globally operating companies such as Qatar Airways, which has significantly expanded its market share. And, compared to neighbours in the Gulf region, Qatar’s economy is also proving its strength under pressure, H.E. said.

 

H.E. stated that Qatar offers great possibilities and opportunities for German companies.

 

Partly due to its geographical location, Qatar has developed into a global trading centre that offers excellent conditions for production facilities with secure energy supplies, H.E. added.

 

H.E. also shed light on Qatar’s advanced logistical, financial and digital infrastructure, in addition to the free industrial zones that are witnessing continuous expansion, creating the conditions and environment conducive to long-term investments and sustainable growth.

 

The webinar included a panel discussion entitled ‘Invest in Qatar’. H.E. Mr. Abdulaziz Bin Nasser Al-Khalifa, H.E. Mr. Yousuf Mohamed Al-Jaida, and Sheikh Ali Alwaleed Al-Thani participated in the session.

 

The discussion shed light on the investment opportunities available in Qatar, as well as the facilities provided by the state to foreign investors, including small and medium companies and other foreign firms.

 

For his part, QDB’s CEO thanked the event organisers for opening new doors for collaboration between Qatari and German companies and institutions, which he said is a testimony to the continuous efforts of the Qatari-German Joint Economic Commission in advancing the two countries’ economic agendas.

Mr. Al-Khalifa pointed out that the COVID-19 pandemic has acted as a warning to create a more resilient infrastructure and business ecosystem. He added that, since the outbreak, QDB has launched several initiatives within the framework of a trilateral strategy to help SMEs survive the pandemic, revive their businesses amid ongoing challenges, and ultimately thrive in the new economy. These initiatives include releasing the COVID-19 ‘survival’ guidebook and the Revive guidebook, which acts as a complete reference for entrepreneurs who want to reinvigorate their businesses in the post-recovery phase.

 

Sharing his outlook on the future of entrepreneurship in Qatar, Al-Khalifa said that QDB and its affiliate institutions will continue to provide SMEs with all the tools and resources they need in the areas of finance, knowledge and skills development, while also helping them to successfully extend their footprint, including through collaboration with their German counterparts to achieve more growth and contribute to the economic development of both nations.

The CEO of Qatar Financial Centre Authority said: “Qatar has been at the forefront in maintaining its thriving economy and strengthening its lucrative investment eco-system, which are integral factors for attracting German investments into the Qatari Market. Although the COVID-19 pandemic confronted Qatar, and the rest of the world, with many challenges, it has however created new avenues of investment in Qatar, which is offering a diversified multitude of business opportunities.”

Al-Jaida added: “Backed by our host of premium benefits and incentives, QFC proudly pursues its role as a core enabler for German firms to access Qatar’s lucrative market and establish their business through a seamless unique journey. The QFC platform, one of the world’s leading and fastest-growing onshore business and financial centres, is currently home to 14 German firms, and we look forward to welcoming more very soon.”

For his part, the Investment Promotion Agency of Qatar’s CEO said: “As businesses continue to transform for the new economy, many investment opportunities are emerging across sectors, and we see plenty of prospects for German-Qatari collaboration as we move towards a digital economy, where business, communication, and consumer experiences are re-imagined. This includes areas such as Fintech, e-health, e-learning, virtual entertainment, and many others. Backed by the country’s resilient economy, forward-looking vision, and strategic national initiatives, the Invest Qatar ecosystem is now more prepared than ever to support existing investors and welcome new international partners to Qatar.”

 

• E. Minister of Commerce and Industry voices hope to hold the next session of the Qatari-German Joint Commission in Doha in 2021
• Qatari-German trade exchange exceeded 2.311 billion dollars in 2019
• Germany is Qatar’s 11th largest trade partner

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, participated in a webinar on Qatar’s business and investment environment on Tuesday, September 8th, 2020. The event was organised by Qatar Embassy in Berlin in cooperation with the German Near and Middle East Association (NUMOV).

The conference was attended by H.E. Mr. Mohammad Jaham al-Kuwari, Former Ambassador of Qatar to Germany; H.E. Mr. Abdulaziz Bin Nasser Al-Khalifa, CEO of Qatar Development Bank (QDB); H.E. Mr. Yousuf Mohamed Al-Jaida, Chief Executive Officer of Qatar Financial Centre Authority; and H.E. Sheikh Ali Alwaleed Al-Thani, the CEO of the Investment Promotion Agency of Qatar.

On the German side, the conference was attended by H.E. Mr. Thomas Bareiß, the Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy & Co-Chairman of the Qatari-German Joint Commission on Trade, Economic and Technical Cooperation; H.E. Dr. Claudius Fischbach, German Ambassador to the State of Qatar; and Mr. Niko Warbanoff, Member of the Board of NUMOV and Chairman of the Board of DB Engineering & Consulting GmbH.

In his opening speech, H.E. Mr. Al Kuwari highlighted the importance of the webinar, which provides a platform for dialogue between the Qatari and German private sectors, for SMEs and entrepreneurs to discuss opportunities to cooperate in areas that will contribute to strengthening economic and commercial ties between the two nations.

H.E. The Minister congratulated both H.E. Sheikh Abdulla bin Mohammed bin Saud Al-Thani for his appointment as Ambassador to the Federal Republic of Germany, and H.E Dr. Claudius Fischbach for his appointment as Ambassador of the Federal Republic of Germany to the State of Qatar.

H.E. affirmed that this meeting presented another opportunity to build on what both sides achieved during the Qatari-German Joint Commission on Trade, Economic and Technical Cooperation, expressing his aspiration to hold the next session of the Joint Commission in Doha in 2021.

H.E referred to the directives of His Highness the Amir Sheikh Tamim bin Hamad Al-Thani to support and provide financial and economic incentives in the form of a QR 75 billion incentive package to the private sector, in addition to QDB’s initiative to launch the National Guarantee Program which aims at helping private sector companies overcome the challenges posed by the pandemic.

 

H.E. shed light on the stimulating investment environment in the State of Qatar, and the new laws and regulations governing the business environment. In particular, he highlighted the law on regulating the partnership between the public and private sectors, which aims to enhance economic diversification and further the private sector’s contribution to national development.

 

On trade relations between the two countries, H.E. said Qatari-German trade ties have gained considerable momentum in recent times, with over 2.311 billion dollars-worth of goods exchanged in 2019, ranking Germany as Qatar’s 11th largest trade partner.

 

A total of 332 German companies are currently operating in Qatar, including 270 Qatari-German companies, 46 fully owned German companies, and two German representative offices, in addition to 14 companies licenced under the umbrella of Qatar Financial Centre.

 

H.E. said that these companies are contributing to the implementation of several major projects in the infrastructure sector such as Qatar Rail, as well as the development of key stadiums for the 2022 FIFA World Cup, in addition to other vital ventures in various fields.

 

H.E. added that Qatar has made significant investments in a range of German industries, especially following the historic visit of His Highness the Amir to Germany in September 2018, during which His Highness announced Qatar’s intention to invest 10 billion Euros into the German economy over the five years up to 2023.

 

In his concluding remarks, H.E. voiced his hope that this webinar would contribute to developing new projects and concluding more investment partnerships to further enhance bilateral ties between the two nations.

 

For his part, H.E. Mr. Mohammad Jaham al-Kuwari, Former Ambassador of Qatar to Germany, praised the close partnership between the two countries, which covers a wide range of political, cultural and particularly economic areas.

 

H.E. the Former Ambassador added that Qatar is strongly committed to further intensifying the excellent relations between the two nations as a strategic objective, especially in light of the immense challenges that the world is currently facing.

 

The highest priority is to defeat the global corona pandemic and return to sustainable economic growth and stable international trade, H.E. Mr. Mohammad Jaham al-Kuwari said.

 

H.E stressed the importance of the conference, as it contributes to further strengthening the outstanding cooperation and networks, as well as attracting new entrepreneurial opportunities allowing both nations to face the global challenges ahead with strong economic, political and sustainable commitment.

 

H.E. added that, even though the COVID-19 pandemic has hit the global economy hard, the strength of Qatar’s economy and companies remains evident. In this context, H.E. the Former Ambassador hailed the efforts of globally operating companies such as Qatar Airways, which has significantly expanded its market share. And, compared to neighbours in the Gulf region, Qatar’s economy is also proving its strength under pressure, H.E. said.

 

H.E. stated that Qatar offers great possibilities and opportunities for German companies.

 

Partly due to its geographical location, Qatar has developed into a global trading centre that offers excellent conditions for production facilities with secure energy supplies, H.E. added.

 

H.E. also shed light on Qatar’s advanced logistical, financial and digital infrastructure, in addition to the free industrial zones that are witnessing continuous expansion, creating the conditions and environment conducive to long-term investments and sustainable growth.

 

The webinar included a panel discussion entitled ‘Invest in Qatar’. H.E. Mr. Abdulaziz Bin Nasser Al-Khalifa, H.E. Mr. Yousuf Mohamed Al-Jaida, and Sheikh Ali Alwaleed Al-Thani participated in the session.

 

The discussion shed light on the investment opportunities available in Qatar, as well as the facilities provided by the state to foreign investors, including small and medium companies and other foreign firms.

 

For his part, QDB’s CEO thanked the event organisers for opening new doors for collaboration between Qatari and German companies and institutions, which he said is a testimony to the continuous efforts of the Qatari-German Joint Economic Commission in advancing the two countries’ economic agendas.

Mr. Al-Khalifa pointed out that the COVID-19 pandemic has acted as a warning to create a more resilient infrastructure and business ecosystem. He added that, since the outbreak, QDB has launched several initiatives within the framework of a trilateral strategy to help SMEs survive the pandemic, revive their businesses amid ongoing challenges, and ultimately thrive in the new economy. These initiatives include releasing the COVID-19 ‘survival’ guidebook and the Revive guidebook, which acts as a complete reference for entrepreneurs who want to reinvigorate their businesses in the post-recovery phase.

 

Sharing his outlook on the future of entrepreneurship in Qatar, Al-Khalifa said that QDB and its affiliate institutions will continue to provide SMEs with all the tools and resources they need in the areas of finance, knowledge and skills development, while also helping them to successfully extend their footprint, including through collaboration with their German counterparts to achieve more growth and contribute to the economic development of both nations.

The CEO of Qatar Financial Centre Authority said: “Qatar has been at the forefront in maintaining its thriving economy and strengthening its lucrative investment eco-system, which are integral factors for attracting German investments into the Qatari Market. Although the COVID-19 pandemic confronted Qatar, and the rest of the world, with many challenges, it has however created new avenues of investment in Qatar, which is offering a diversified multitude of business opportunities.”

Al-Jaida added: “Backed by our host of premium benefits and incentives, QFC proudly pursues its role as a core enabler for German firms to access Qatar’s lucrative market and establish their business through a seamless unique journey. The QFC platform, one of the world’s leading and fastest-growing onshore business and financial centres, is currently home to 14 German firms, and we look forward to welcoming more very soon.”

For his part, the Investment Promotion Agency of Qatar’s CEO said: “As businesses continue to transform for the new economy, many investment opportunities are emerging across sectors, and we see plenty of prospects for German-Qatari collaboration as we move towards a digital economy, where business, communication, and consumer experiences are re-imagined. This includes areas such as Fintech, e-health, e-learning, virtual entertainment, and many others. Backed by the country’s resilient economy, forward-looking vision, and strategic national initiatives, the Invest Qatar ecosystem is now more prepared than ever to support existing investors and welcome new international partners to Qatar.”

 

 

In the presence of H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, the Public Works Authority “Ashghal” in cooperation with Qatar Chamber has organised the virtual ‘Supporting Local Manufacturers Forum’. The event, which utilised video conferencing technology, featured the participation of the Ministry of Commerce and Industry, and took place on September 8, 2020.

 

The forum was part of the Ministry’s efforts to support local industries and enhance the competitiveness of local products on national, regional and international levels. It offered the opportunity for the private sector and local manufacturers to actively participate in government initiatives, especially Ashghal’s projects, which include the development of schools and health institutions, in addition to highways , infrastructure, sewerage and storm water drainage networks, treatment plants, and beautification projects.

 

H.E the Minister praised the role of Qatar Chamber and Ashghal in organising the forum, pointing to its significant role in highlighting the promising investment opportunities that the state offers to local manufacturers in all sectors, especially in construction, which has witnessed a significant expansion in recent years in light of the development projects related to the achievement of Qatar National Vision 2030 and the 2022 FIFA World Cup projects.

 

The conference was attended by H.E. Sheikh Khalifa bin Jassim Al Thani, Chairman of Qatar Chamber; H.E. Dr Engineer Saad bin Ahmed al-Mohannadi, President of the Public Works Authority (Ashghal); H.E. Mr. Abdulaziz Bin Nasser Al-Khalifa; CEO of Qatar Development Bank (QDB); in addition to representatives of the government agencies and local manufacturers and investors.

 

In his speech, H.E. Mr. Mohamed Hassan Al-Malki, Assistant Undersecretary for Industry Affairs at the Ministry of Commerce and Industry said that the Ministry has worked with Ashghal in the preparation of the forum to determine targeted sectors, which include construction, minerals, chemicals, rubber, electrical equipment, machines, and transportation equipment.

He added that more than 100 factories will benefit from the forum. He also pointed out that the Ministry is currently working on organising similar events with other government agencies, and has held workshops with Qatar Airways in cooperation with QDB in order to enhance the ability of local manufacturers to fulfill the needs of the national carrier.

H.E. Mr. Al-Malki added that the Ministry of Commerce and Industry is keen to support local products through the establishment of the National Products Competitiveness Support Departmnt. This entity is specialised in combating harmful practices against local products, and suggesting needed procedures and price pledges to maintain competitiveness in accordance with the law on supporting the competitiveness of national products at the international level. This law aims at encouraging industrial facilities to provide high-quality local products that are able to compete with imported products, with prices that match the needs of local market, H.E. said.

H.E explained that the National Products Competitiveness Support Department has organised a number of meetings with the different Ministries, as well as government and semi-government agencies, in order to enhance the competitiveness of national products by supporting their quality, in line with the specifications and standards determined by the recently launched “Qatar Quality Mark” system, and by determining the available opportunities in the tenders offered by government agencies to Qatari products.

H.E. said that Qatar’s focus on encouraging the growth of local industries and SMEs and increasing its contribution in the implementation and development of several economic projects has reflected positively on the industrial sector. The number of factories that are operating in Qatar reached 915 in 2020, a 17% increase compared to 2017, H.E. added.

During the forum, local manufacturers were introduced to Ashghal’s latest projects, and current and future requirements of different materials, and were encouraged to contribute to the implementation of the country’s projects and invest in priority industries.

 

The forum shed light on Ashghal’s initiatives to support local products and manufacturers, and some of the local materials that will be used in implementing Ashghal’s new projects were introduced in presentations. In addition, the “Ta’heel” initiative was introduced, explaining the registration process in the certified suppliers’ list, and highlighting local industries’ success stories.

 

Mr. Abdulbasit Al-Ajji, Director of the Supporting National Product Competitiveness Department at the Ministry of Commerce and Industry, gave a presentation that shed light on its tasks and competencies of the department. He noted that the department applies optimal procedures to enhance the competitiveness of national products, conducts studies that aim to protect national products from negative practices, and responds to manufacturers’ complaints efficiently.

During the presentation, Mr. Al-Ajji mentioned the Ministry’s role in supporting and enabling local industries by communicating with government and semi-government authorities in order to support and enable local products and to help them overcome difficulties that face local manufacturers and factories.

The specialisations of the department include organising meetings and workshops between the public and private sectors; establishing a database and communication channels; conducting research and studies in factories and national products to reinforce their competitiveness against similar imported  products; establishing a list of local industries and products that government and semi-government entities can benefit from in order to give them priority in tenders and procurement; and coordinating with Ashghal to enhance joint cooperation with local factories regarding the procurement of various materials that are used in the Ashghal’s projects.

H.E. Sheikh Khalid bin Khalifa bin Abdulaziz Al-Thani, Prime Minister and Minister of Interior, celebrated the launch of the Qatar Quality Mark on Sunday, August 23, 2020, alongside H.E. Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, and Engineer Mohammed bin Saud Al Musallam, Chairman of the Qatar General Organisation for Standardisation and Metrology (QGOSM).

 

The launch of the Qatar Quality Mark programme falls within the framework of the country’s strategy and efforts to improve the quality of national products and enhance the nation’s competitiveness in local, regional and global markets.

 

Speaking at the inauguration ceremony, H.E. Mr. Al Kuwari stressed that this leading national initiative represents an important step in promoting the concept of quality production and compliance with approved specifications, which will bolster national industries, enhance the production and export capacity of private companies, and boost the competitiveness of their products.

 

H.E. added that awarding the Qatari Quality Mark to any national company provides evidence of the efficiency of their quality control system, and supports their efforts in improving the quality of their products in accordance with the applicable specifications and standards in the state.

 

H.E. thanked the Qatar General Organisation for Standardisation and Metrology for its efforts in supporting the development of national institutions and establishments, and for encouraging companies to apply national standards and adopt best international practices to bolster their competitiveness, and to expand into local and major international markets.

 

H.E. also congratulated the Qatar Steel Company for being awarded the first Qatari quality mark for its reinforced steel products, stressing that this is an important achievement in light of the great progress the country has witnessed in recent years in the construction sector.

 

H.E. expressed his thanks and appreciation for the company’s management for succeeding in developing products that meet the needs of the local market and support the national economy.

 

H.E. the Minister of Commerce and Industry concluded his speech by expressing his confidence in the ability of national companies to produce quality products by applying Qatari standards, and voiced hope that their work and efforts will be crowned with success.

 

At the inauguration ceremony, the Qatar Steel Company was honoured for being awarded the first Qatar Quality Mark for its reinforced steel products after fulfilling all the necessary requirements and conditions.

 

The Qatar Quality Mark is a badge awarded by the QGOSM to indicate the existence of a quality control mechanism at the facility and certifies the conformity of the commodity with the approved standard specifications. The mark is either engraved, printed or strongly attached to the product or label in case the mark cannot be directly placed on the item. The facility may also use the Qatari Quality Mark to advertise the licenced good in the media during the validity period of the licence.

 

The Qatar Quality Mark offers numerous advantages to both the consumer establishment, providing the consumer with a practical way to identify goods that meet his requirements, pose no health or safety risks, and protects him from falling victim to fraud and deception.

 

The Quality Mark also boosts consumer confidence in the establishment and increases demand for its goods which gain in value, brand reputation, and competitiveness increasing the establishment’s chances to access foreign markets.

 

 

H.E. Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, met with H.E. Mr. Ranil Jayawardena, the UK’s Minister for International Trade, through visual conferencing technology on Tuesday, July 21, 2020.

Discussions centred on the promotion of bilateral relations and the development of joint cooperation, particularly in the fields of trade, investment and industry.

The meeting also touched on trade policies, the impact of the COVID-19 virus on economic and commercial activities in both countries, and the efforts that both parties have been pursuing to mitigate the economic repercussions of this crisis.

Both sides followed up on topics on the agenda of the Joint Ministerial Committee for Economic, Commercial and Technical Cooperation, and discussed coordination mechanisms to bolster bilateral trade and enhance cooperation in priority sectors, which would serve the development aspirations of the two countries.

The United Kingdom and Qatar traded QR14.06 billion worth of goods in 2019, the equivalent of $3.85 billion, ranking the UK as Qatar’s 7th largest trading partner.

Also, a total of 1010 British companies are currently registered at the Ministry of Commerce and Industry in Qatar. These include 69 representative offices, seven fully owned British companies and 934 Qatari-British companies with a $2.6 billion capital operating in engineering consulting, contracting, information technology, trade and services, in addition to 35 British firms licensed under the umbrella of the Qatar Financial Centre.

The Ministry of Commerce and Industry announced the second stage of the gradual lifting of restrictions imposed on malls, shopping centres, street markets, and restaurants that are located in tourist areas, effective from Wednesday, July 1, 2020.

The Ministry stated that this step is in line with the previous decisions and measures adopted by Qatar to protect the health and safety of citizens and residents, and to limit the spread of the coronavirus (Covid-19).

The Ministry explained that, starting from July 1, all retail outlets will be allowed to resume their activities in malls and commercial centres, while gaming centres, amusement parks, skateboard arenas, prayer rooms and cinemas will remain closed for the time being.

 

Restaurants operating inside malls and commercial centres will be allowed to deliver to home addresses, or hand over orders at the restaurant only. This decision also prohibits any artistic, cultural or recreational activities at malls and commercial centres, the Ministry added.

The decision allows all commercial outlets to resume their operations in the following street markets: The Gold Souq, Souq Al Ali, Al Gharafa Market, Thursday & Friday Market, Souq Waqif (Doha), Souq Al Wakrah, Al Sailiya Central Market.

The Ministry affirmed that malls, commercial centres and street markets must adhere to the precautionary and preventive measures outlined by the Ministry of Public Health and the Ministry of Administrative Development, Labour and Social Affairs, and comply with the following guidelines: allowing shoppers onto the premises only after checking the colour code identifying the individual’s health condition in the Ehteraz app, as only green code holders are allowed in.

 

The measures also include barring people not wearing a medical mask from commercial outlets, compelling visitors to wear one throughout their time on the premises, checking and measuring the body temperature of workers and visitors upon arrival, and not allowing individuals with a temperature higher than 38 degrees Celsius to enter.

The measures include providing hand sanitisers across mall facilities, reminding visitors to maintain a safe distance of no less than two metres from other individuals at all times, operating at less than 50% of the mall’s regular capacity, and reducing the number of parking spaces available to visitors to 50%.

The measures also include barring smoking at mall entrances, and removing all containers designated for cigarette waste, and preventing the gathering of visitors and limousine or taxi drivers at the entrance to malls.

 

The Ministry also obligated all shops and retail outlets operating inside malls, commercial centres and street markets to continuously check the body temperature of the outlet’s staff, isolate employees who exhibit symptoms, and inform concerned authorities to take the necessary precautions and health measures in this regard.

 

Stores must abide by the decision to allow employees aged 60 and above, in addition to pregnant women and staff with chronic diseases, to work remotely. Additionally, placing safe distancing stickers on the store’s floor is mandatory; receiving customers according to the store’s capacity, with no less than nine square metres per person, is required; encouraging customers to pay by using credit cards rather than using cash; and sterilising all the outlet’s facilities including administrative offices, warehouses, employee housing and affiliated transportation facilities.

Restaurants located in tourist areas

With regard to restaurants, the Ministry announced that restaurants have been allowed to resume operations from Wednesday, July 1, in the following tourist areas: Souq Waqif, Souq Al Wakrah, the Pearl-Qatar, Katara Cultural Village, restaurants and kiosks in sports clubs and tourist area, Qatar museums, Al-Hazim and Msheireb.

The Ministry emphasised the importance of adhering to the precautionary and preventive measures outlined by the Ministry of Public Health and the Ministry of Administrative Development, labour and Social Affairs, and complying with the following guidelines: requiring clients to pre-book before coming to the restaurant; allowing diners into the restaurant only after checking the colour code identifying the individual’s health condition in the Ehteraz app, with only green code holders allowed in; barring people not wearing a medical mask; checking the body temperature of diners at the entrance, and barring any customer whose temperature is above 38 degrees Celsius. In addition, serving shisha and operating an open buffet service are prohibited, as only pre-defined menus are to be served.

 

The Ministry compelled restaurants to provide hand sanitisers across restaurant facilities, place safe distance stickers on restaurant floors, redistribute the furniture, leaving no less than two metres between each table, allow a maximum of five people to sit at each table (excluding members of a single family), reduce the restaurant’s capacity to 50% of the maximum number of diners, and encourage customers to pay using credit cards rather than cash.

 

The measures also include reducing the number of parking spaces available to clients to 50%, barring smoking at restaurant entrances, and removing all containers designated for cigarette waste; barring gathering of diners or limousine and taxi drivers at the entrance to the outlet; continuously checking the body temperature of the restaurant’s staff; isolating employees who exhibit symptoms; and informing concerned authorities to take the necessary precautions and health measures in this regard.

The Ministry also compelled restaurants to sterilise all the outlet’s facilities, including administrative offices, warehouses, employee housing, and affiliated transportation facilities.

.

The decision allows restaurants and kiosks in sports clubs and tourist areas to resume their operations by delivering or providing takeaway orders only, and not allowing customers to be present within the facility.

 

Restaurants, cafeterias and cafes (coffee shops) in malls, shopping centres and other, non-designated tourist areas are allowed to deliver to home addresses or hand over orders to customers outside their activity site.

 

The Ministry said this decision is subject to amendment according to the latest developments in this regard, and any violation of this decision will subject perpetrators to legal accountability and procedures. The Ministry stressed that the success of each stage of the comprehensive plan for the gradual lifting of the restrictions depends on the adherence of all citizens and residents to the required preventive and precautionary measures.

 

The Ministry of Commerce and Industry urges consumers to report any violations or infringements through the following communication channels:

 

Call Center: 16001

Email: info@moci.gov.qa

– The Ministry of Commerce and Industry accounts on social media:

– Twitter @MOCIQATAR

– Instagram MOCIQATAR

The Ministry of Commerce and Industry’s application on iPhone and Android devices MOCIQATAR

 

 

 

 

Further to the measures and requirements of the second phase of the gradual lifting of restrictions imposed on commercial centres, shopping malls and street markets, the Ministry of Commerce and Industry announced that children under 12 years of age are not allowed to enter commercial centres, shopping malls or street markets.

 

The Ministry also indicated that Circular No. (16) regarding the suspension of all commercial activities in outlets and offices on Fridays and Saturdays is still effective, excluding activities previously specified.

The decision on specifying the working hours of commercial and services outlets has been revoked. Working hours can now be decided by the management of each commercial outlet.

The Ministry stressed that it will intensify its inspection campaigns to ensure the compliance of the concerned entities with the obligations stipulated in this decision, and to crack down on any violations in this regard.

The Ministry urged all consumers to report violations or infringements, and send complaints and suggestions through the following channels :

– Call Centre: 16001

– Email: info@moci.gov.qa

– The accounts of the Ministry of Commerce and Industry on social networks

– Twitter @MOCI_QATAR

– Instagram MOCI_QATAR

– The App of the Ministry of Commerce and Industry on iPhone and Android devices MOCI_QATAR

H.E. Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, participated in the Second Extraordinary Meeting of Ministers of Commerce in Arab states in the Gulf Cooperation Council (GCC). The meeting was held via video conference to follow up on recent developments across the region, and to coordinate efforts to contain the economic repercussions of the outbreak of the novel Coronavirus (COVID-19).

 

Discussions touched on the outcomes and recommendations put forward during the meeting of the Undersecretaries of the Ministries of Commerce in GCC countries, which was held on April 9, 2020, also via video conference. Participants discussed the topics on the meeting’s agenda, particularly the issue of food security, and considered the adoption of unified draft law on the subject, and the recommendations of the Technical Council of the GCC Standardization Organization to address the crisis and its repercussions.

 

The meeting highlighted the exceptional circumstances that countries around the world are facing, and the impact on economic and trade sectors as well as efforts to restore balance to the global economy and international and regional trade.

 

The meeting also highlighted efforts across GCC countries to address the repercussions of the pandemic and to mitigate its impact on all levels.

Participants highlighted the need to promote food security, and ensure the continuity of food supply chains and medical supplies for residents of GCC countries, in light of the partial and complete lockdowns that have been implemented in various countries.

 

The meeting also featured discussions on the action plan that Kuwait proposed on the importance of establishing a GCC food security system, and the availability of a sufficient stock of medical supplies in times of crises.

 

Participants also agreed on the need to identify existing laws on food security across GCC member states, to pave the way for the adoption of a unified draft law on food security and to secure a strategic stockpile.

 

The meeting also discussed the recommendations put forward by the Technical Council of the GCC Standardization Organization and the General Secretariat role in following up on the implementation of council’s recommendations to guarantee the interests of all member states.

 

In light of the discussions, participants stressed the importance of forming a team of liaison officers representing the ministries of commerce in GCC states to follow up on the latest developments, exchange information and coordinate in order to overcome challenges hindering the flow of goods between member countries, and to propose appropriate solutions.

 

The meeting concluded with the Ministers of Commerce in GCC countries expressing satisfaction with the outcomes and recommendations to combat the pandemic, and hoping for an end to the crisis and a global and regional economic recovery.

 

H.E. Mr. Ali Ahmed Al Kuwari, Minister of Commerce and Industry, participated on Thursday, April 2, 2020, in the extraordinary meeting of the Ministers of Commerce of the Gulf Cooperation Council (GCC). The meeting was held using video conferencing technology to discuss the latest developments, as well as the economic repercussions of the spread of the coronavirus (COVID-19).

 

Discussions touched on the efforts that GCC member states are undertaking to face the economic and trade challenges amid the spread of the coronavirus, as well as the mechanisms to support and enable the private sector to play a role in supporting the economy under the current circumstances. The Ministers reviewed the precautionary and preventive measures taken by Gulf countries to limit the spread of this pandemic.

 

The meeting also touched on the recommendations put forward by the Undersecretaries of the Ministries of commerce in GCC member states during an extraordinary meeting held last week.

 

Speaking at the meeting, H.E. Mr. Al Kuwari noted that Qatar had sought to take all the necessary measures to ensure the regular flow of food products, as well as pharmaceutical and medical supplies through its trading partners worldwide prior to the emergence of this pandemic.

 

H.E. added that Qatar immediately addressed the issue by taking all precautions to ensure the availability of necessary medical supplies to limit the spread of the coronavirus, while promoting preventive measures through awareness-raising campaigns to inform citizens and residents on the risks of the pandemic.

 

H.E. indicated that the precautionary measures included reducing the number of employees across public and private sector workplaces, which in turn contributes to containing the virus and limiting its spread.

 

H.E. added that all businesses and service providers have been temporarily closed, with the exception of those providing necessary services to secure the needs of residents. Citizens and residents were urged to adhere to the precautionary measures and to only leave their homes in the event of extreme necessity, which contributes to controlling the rate and scale of the spread of this pandemic.

 

H.E. Mr. Al Kuwari wrapped his up his remarks by noting that the Ministry is following up on the latest reports being issued by international and regional organizations on food security and the economic and commercial implications of the spread of the coronavirus (COVID-19), with the aim of working within the framework of the regional and international system to control this pandemic and to mitigate its risks as soon as possible and with the highest possible efficiency.

 

 

 

 

 

 

strategic stock of food commodities

 

His Excellency Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, and His Excellency Mr. Abdullah bin Abdulaziz bin Turki al-Subaie, Minister of Municipality and Environment and Chairman of the Follow Up Committee for the Implementation of Food Security Policies in the Public and Private Sectors, attended today, Thursday, March 26, 2020, the signing ceremony of contracts to raise the state’s strategic stock of food commodities. The ceremony took place at the Ministry’s headquarters in Lusail.

 

H.E. Sheikh Jassim bin Jabr bin Hassan Al Thani, Acting Undersecretary for Consumer Affairs and Head of the Strategic Storage Working Group for Food Security at the Ministry of Commerce and Industry, signed agreements with 14 major companies specializing in the food sector in Qatar.

 

The signing ceremony witnessed the participation of a number of senior officials from Qatar Flour Mills, the National Food Industries “Food Co.”, Qatar National Import and Export company, Widam Food company, Baladna Food Industries, Al Mana and Partners, Al Rawabi, the International Foundation for Wildlife Research, Al Majid and Jawad (Amjad), Crystal Food Oil Factory, Tazweed for Trading and Catering, Nestle Qatar Trading, Suncons Trading And Contracting, and Bludan Trading Group.

 

The initiative falls in line with the state’s food security strategy and the Ministry of Commerce and Industry’s efforts to enhance public-private partnerships and to bolster the strategic stock system for food products, consumer goods and food supplies, in order to cement Qatar’s leading regional position in terms of sufficiency in strategic stocks, its ability to achieve food security and meet the needs of its citizens and residents.

 

Under these contracts and during the first stage, work will be underway to raise the reserve stocks of strategic commodities, particularly wheat, rice, edible oils, sugar, frozen red meat, long-life milk, and powdered milk.

 

Qatar has launched numerous initiatives aimed at establishing integrated mechanisms to enhance and raise its strategic stock of food and consumer goods, which supports the legislative, electronic, and structural aspects of the state’s development policies in the field of food security after its launch of an electronic system to manage and monitor its strategic stock.

 

The advanced electronic system aims to bolster the partnership between the public and private sectors and to manage and monitor its strategic stock through a platform designed in accordance with the highest international standards and best practices in this field. The electronic system enables the monitoring and management of the state’s strategic stock of food and consumer goods, in addition to determining the sources and percentages of imports of strategic goods. The system also enables the state to identify the most important companies specialized in this field and supervise internal trade and national production in the country, in addition to accurately monitoring the strategic stock and evaluating the effectiveness of its circulation in local markets in order to maintain the quality and validity of products.

 

This system also represents an important tool for officials, decision-makers, institutions, and administrations operating in this field, private sector companies, primary suppliers, and national producers. The system provides an accurate monitoring mechanism for the state’s strategic food commodities and selected vital consumer products, in addition to feed and any other materials that are added to the system. The system also provides access to data relating to these commodities, including their types and quantities, storage methods and quality, available storage space across warehouses and their locations, suppliers and distribution points, and enables the monitoring and management of all elements of the supply chain from import, storage, recycling and distribution, to national production.

 

The strategic stock management and monitoring system is based on the latest artificial intelligence and Internet of Things (IoT) technologies, which support the decision-making process, enable the assessment of different supply chain scenarios and provide effective solutions to meet and overcome challenges that could affect the entire system or some of its parts.

 

Within the framework of national efforts aimed at enhancing the flow of imports of medical masks and sterilizers to Qatar and meeting the needs of the local market, the Ministry of Commerce and Industry announced the arrival of the first shipments of medical masks and sterilizers with the support of Qatar’s Emiri Air Force’s Transport Group.

 

The Ministry noted that it will supervise the distribution of these shipments of medical masks and sterilizers to all outlets across local markets through a mechanism that guarantees all consumers access to them.

 

The Ministry of Commerce and Industry had earlier announced the decision of the Committee that Sets Maximum Prices and Profit Ratios, which fixed the selling prices of medical face masks, sterilizers, and disinfectants across Qatari markets. The decision comes within the framework of implementing the preventive measures adopted by the state to preserve the health and safety of citizens and residents, reduce the spread of the coronavirus (COVID-19), combat the unjustified rise in the selling prices of medical face masks, sterilization products and disinfectants, to deter monopolistic practices, commercial fraud, and to ensure the consumer’s right to obtain these products at appropriate prices.

 

H.E. Mr. Askar Mamin, Prime Minister of Kazakhstan, has welcomed H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry on the sidelines of the fifth session of the Qatari-Kazakh Joint Higher Committee held in Nur Sultan.

 

Discussions touched on the promotion of bilateral relations and the development of joint cooperation, particularly in the fields of trade, investment and industry in light of the friendly Qatari-Kazakh ties and the strategic interests of both countries.

 

H.E. Mr. Al-Kuwari also held separate meetings with H.E. Mr. Ruslan Dalenov, Kazakhstan’s Minister of National Economy, H.E. Mr. Kairat Kelimbetov, Governor of the Astana International Financial Centre, H.E. Mr. Bakhyt Sultanov, Minister of Trade and Integration, and H.E. Mr. Beibut Atamkulov, Minister of Industry and Infrastructure Development.

The meetings focused promoting joint cooperation and touched on the latest developments that the Qatari economy witnessed in recent years, the investment opportunities that the country offers across various sectors and the legislations that the State enacted including a law regulating the investment of non-Qatari capital in economic activity as well as initiatives aimed at supporting the private sector and attracting foreign direct investment.

 

H.E. Mr. Ali bin Ahmed Al-Kuwari, the Minister of Commerce and Industry, and H.E. Mr. Raslan Dalenov, Kazakhstan’s Minister of National Economy, co-chaired the fifth session of the Qatari-Kazakh Joint Higher Committee, which was held in Nur Sultan on February 13-14.

Discussions touched on the promotion of bilateral cooperation in various sectors of mutual interest to both countries

Speaking at the opening of the session, H.E. Mr. Al Kuwari highlighted the friendly relations, strong ties and bilateral cooperation between Qatar and Kazakhstan, urging increased efforts to establish a strategic partnership in the trade and investment fields.

H.E. called for increased cooperation on the governmental level to engage the Qatari and Kazakh business sectors in dialogue and to enable the private sector in both countries to enter into successful investment partnerships that will bolster bilateral relations.

H.E. noted the importance of following up on the recommendations issued by the Qatari-Kazakh Joint Higher Committee during its previous session in Doha, particularly when it comes to the activation of the agreement on the establishment of a joint businessmen council, which was signed in 2008 to bolster bilateral investments and trade.

H.E. also hailed the progress achieved in terms of the signing of new memoranda of cooperation and the activation of existing agreements including an agreement on the protection and promotion of mutual investments and a memorandum of understanding on air transport, which was ratified on November 7 2019, to operate 7 flights between the cities of Doha and Nur Sultan and 7 additional flights between Doha and the city of Almaty. The MoU will pave the way for further collaboration in the touristic field, H.E. said.

H.E. added that Qatar looks forward to contributing to the privatization program that Kazakhstan is currently undertaking and to channeling investments into sectors that will serve the development orientations of both countries.

Touching on Qatar’s economic performance, H.E. said the country has succeeded in achieving balanced economic growth as well as economic diversification and independence in line with its National Vision 2030 and the Second National Development Strategy 2018-2022.

In this context, Qatar has sought to accelerate the implementation of initiatives and measures aimed at cementing its leading position as a leading regional investment and business hub, H.E. said, noting that Qatar has worked on improving its business environment to attract foreign investors.

In addition to opening its economy to global markets and building fruitful international partnership, H.E. explained that Qatar is capitalizing on its advanced infrastructure such as Hamad International Airport, Hamad Port, free zones and logistical and industrial areas.

Thanks to these efforts, Qatar has been ranked among the top 20 countries to undertake reforms to improve the ease of doing business for the year 2020, H.E. said.

The fifth session of the Qatari-Kazakh Joint Higher Committee touched on cooperation in sectors of mutual interest. Both sides discussed the recommendations issued by the joint committee during its previous session in Doha in 2015 in addition to exiting projects, expansion plans and current challenges.  The committee also discussed issues related to strengthening cooperation between both countries in various fields, including the trade, investment, industry, agriculture, health, education, infrastructure and energy sectors.

The two sides agreed to take the necessary steps to bolster commercial, investment and industrial cooperation with the aim of increasing bilateral trade and easing the flow of goods, services and investments between both countries.

H.E Mr. Al-Kuwari, and H.E. Mr. Dalinov, co-signed the minutes of the meeting at the conclusion of fifth session of the Qatari- Kazakh Joint Higher Committee.

 

H.E. Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, attended the inauguration of the 50^th edition of the World Economic Forum (WEF), which is taking place in Davos, Switzerland from 21-24 January 2020.

H.E. participated in a number of panel discussions organized within the framework of the WEF and held meetings with ministers and senior government officials from participating countries as well as high ranking members of international organizations and private institutions.

 

H.E the Minister also attended the special address by His Excellency Dr. Barham Salih, President of the Republic of Iraq.

 

This year’s edition brings together more than 250 political leaders from G20 group among other countries, along with the heads of a number of international organizations, business leaders, politicians, ministers, academics, technology pioneers, representatives of civil society organizations and cultural leaders.

 

This 50th edition of the WEF is being held under the theme “Stakeholders for a Cohesive and Sustainable World” and focuses on global, regional and national initiatives that have a positive impact on all stakeholders.

The forum will tackle four global issues including efforts to address climate and environmental challenges that damage the environment and the economy; measures to transform industries and promote sustainable and comprehensive business models especially within the framework of the role that political, economic and social priorities play in altering trade and consumption patterns; in addition to taking advantage of technologies fueling the fourth industrial revolution to benefit society and the business environment; and efforts being undertaken to cope with demographic, social and technological trends and to promote education, employment and entrepreneurship.

The World Economic Forum, founded in 1971 in Geneva, Switzerland, is an independent international non-profit organization with a mission to promote global development.

Each year, the WEF brings together a large number of heads of state and government, senior officials and influential businessmen in the global economy. The annual meeting aims to provide a platform for dialogue and the exchange of ideas among participants, presenting opportunity to strengthen bilateral relations between various countries and international companies.

 

 

H.E Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, met with a number of Ministers and officials on the sidelines of his participation in the World Economic Forum that is taking place in Davos, Switzerland from January 21 to January 24, 2020.

 

On Tuesday January 21, 2020, H.E held separate meeting with H.E. Dr Ali bin Masoud al Sunaidy, Oman’s Minister of Commerce and Industry, and H.E. Mr. Pascal Cagni, French Ambassador for International investments, and Chairman of the Board of Business France.

 

H.E. also met on Wednesday January 22, 2020, with Mr. Roberto Azevedo, Director-General of the World Trade Organization.

 

Discussions touched on the promotion and development of joint cooperation, particularly in the trade, investment and industrial fields. Officials also exchanged views on the topics featured in the Forum’s agenda.

 

H.E. met with Chris Ciauri, President of Google’s cloud arm in Europe, the Middle East and Africa region, on the sidelines of the WEF. Discussions touched on enhancing the partnership between the two sides and expanding the use of Google’s cloud platform in Qatar.

 

His Excellency Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, has participated in a panel discussion on food security at the Kuala Lumpur 2019 Summit that was held in the Malaysian capital from 18-21 December 2019, under the title “The Role of Development in Achieving National Sovereignty”.

 

In his remarks, H.E. highlighted the importance of this event, which sheds light on the topic of food security, a key issue given today’s global challenges and increasing protectives measures on the international trade front, particularly the restrictions imposed on the export of food commodities, which negatively impact the food security of countries that import these products.

 

H.E. praised international and regional organizations for their efforts in combating poverty and hunger and supporting food security programs in developing countries, especially the Food and Agriculture Organization (FAO), which identified four key dimensions for food security, namely availability, access, utilization and stability.

 

H.E. highlighted the widening food security gap in different regions around the world with increased dependence on external sources to meet the nutritional needs of populations and the decline in the contribution of the agricultural sector to GDP.

H.E. called for the adoption of a comprehensive strategic approach to achieve food security and the implementation of effective mechanisms to ensure the sustainability of supplies, which contributes to reducing food price fluctuations especially when it comes to basic commodities.

H.E. noted that food security represents a top priority for Qatar on the developmental level and is one of the main pillars of the country’s security and economic independence when it comes securing the needs of future Qatari generations in line with the National Vision that aims to transform Qatar in 2030 into a developed country capable of achieving sustainable development and ensuring a decent living for its people for generation to come.

 

H.E. explained that the unfair blockade that has been imposed on the country since 2017 presented an important opportunity for Qatar to review its economic strategies and policies particularly plans to achieve food security.

 

H.E. said Qatar laid the foundations of its National Food Security Strategy 2019-2023 to unite efforts among concerned authorities, optimize the use of the country’s natural and water resources, fortify the food security system against shocks during emergencies, identify priorities in terms of food security initiatives and projects, protect and promote local production, improve food quality and safety and maintain a safe and healthy strategic stock.

Touching on the four pillars of Qatar’s National Food Security Strategy, H.E. said Qatar sought to enhance the contribution of private sector to the implementation and development of food security projects and has pitched several projects to investors especially in the agricultural and industrial fields.

 

As a result, Qatar was able to achieve high levels of self-sufficiency in terms of various agricultural products and secure a strategic stock of commodities, H.E. said, noting that in just two years, Qatar’s self-sufficiency in terms of dairy products increased from 27% to 106% and from 49% to 123% in terms of fresh poultry.

 

On the industrial level, H.E. said investments in the food industries sector also increased 126 percent to QR 5.2 billion in 2019 compared to 2.3 Billion in 2016.

H.E. added that a set of mechanisms has also been established to take advantage of Qatar’s advanced infrastructure and strategic location to locally manufacture and produce food and agricultural products among other items and to export these products into regional and international markets.

 

In this regard, H.E. highlighted the journey of Baladna Food Industries, which is one of the most successful national ventures on the industrial level.

 

H.E. said the company contributed to Qatar’s self-sufficiency in terms of dairy products at 100%, noting that a memorandum of understanding was signed between Baladna and the Malaysian governmental Felcra Berhad to raise the industrial production capacity of both sides.

 

H.E. also commended the efforts of the governmental and private sectors, which bolstered Qatar’s strategic position in the field of food security as the country ranked first in the Arab world and 22 globally in terms of food growth, according to the latest 2018 World Food Index.

 

Touching on Qatar’s efforts within the framework of the WTO to achieve food security, H.E. said Qatar has pursued efforts to enhance and protect its national economic gains in the field of food security and has sought to join the list of net food-importing developing countries (NFIDCs) in the World Trade Organization since 2014.

 

On March 9, 2016, Qatar submitted an application to the WTO’s Agriculture Committee to join the NFIDCs list, which offers its members with a set of specific guarantees to enhance and protect their food security, H.E. said.

 

H.E. added that Qatar has joined a WTO informal group, which brings together a number of countries that aim to reduce discriminatory restrictions such as Singapore, Switzerland, Japan and other countries in cooperation with the European Union.

 

In this context, a joint paper was presented on the issue of export restrictions during the meeting of the WTO’s Agriculture Committee, H.E. said, noting that the paper highlighted the importance of food security to many member states, particularly least developed countries and net food importing countries.

 

H.E. said the paper also referred to the restrictions imposed on the export of foodstuff that would affect the food security of importing countries and contribute to higher food prices globally.

 

H.E. explained that the unjust blockade imposed on Qatar is one of the most pronounced manifestations of protectionist tendencies that have been adopted by some countries and represent a major challenge not only on the economic level but also on the security level.

 

H.E. called for the establishment of a global system that ensures the sustainability of food supplies, especially for countries that depend on imports to secure their needs.

 

To this end, H.E. said Qatar has endeavored to strengthen cooperation with various parties to develop the international trade system for agricultural products and to enhance collaboration with international organizations with an interest in food security, including the Food and Agriculture Organization (FAO), the Organization for Economic Co-operation and Development (OECD), the G20 and the Agricultural Market Information System (AMIS).

 

During the Ministerial meetings of the Standing Committee for Economic and Commercial Cooperation (COMCEC), Qatar had submitted a proposal to launch a joint initiative aimed at establishing an agricultural commodities exchange for Islamic countries, which would facilitate intertrade, H.E. said.

 

H.E. added that Qatar looks forward during this summit to prioritize the promotion of agricultural investments in Islamic countries and to encourage joint investments in this sector with a focus on the concept of value chains between neighboring countries to enhance regional integration.

 

H.E. wrapped up his remarks by urging joint efforts to devise innovative and effective solutions that enhance Islamic countries’ growth prospects to ensure a better future for their people.

 

 

The Kuala Lumpur Summit is an international platform that aims to achieve a number of goals, mainly to shed light on Islamic civilization and discuss solutions to the issues facing Islamic nations in the context of a contemporary and comprehensive understanding of Islamic values and through dialogue between leaders, scholars and thinkers in the Islamic world.

 

The Kuala Lumpur Summit touched on seven key issues: development and sovereignty, peace, security and defense, integrity and good governance, justice and freedom, culture and identity, technology and Internet governance, and trade and investment.

 

 

 

His Excellency Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, chaired Qatar’s delegation to the OIC High Level Public and Private Investment Conference, which is taking place in Istanbul, on December 8-9, 2019 under the theme of “Unleashing Intra-OIC Investment Opportunities: Investment for Solidarity and Development.”

 

Qatar’s participation in the conference comes within the framework of its keenness to strengthen bilateral relations with Turkey and to bolster cooperation with OIC member states, while providing insight into the investment climate in Qatar and the opportunities that the State offers in various promising sectors.

 

In his remarks, H.E Mr. Al Kuwari said the conference represented a key step towards promoting trade and investment cooperation and integration among Islamic countries.

 

H.E. noted that numerous international institutions have lowered their estimates for global growth for the current year, including the Organization for Economic Cooperation and Development (OECD), which noted in its latest November 2019 report that the global economy will grow at the slowest pace since the global financial crisis at a rate of 2.9% in 2019 and an average of 2.9%-3% between 2020 and 2021.

 

The International Monetary Fund also projects that over 70% of economies around the world will experience a decline in GDP growth to 3.3% in the first half of the year compared to 3.6% in 2018, H.E. added.

 

H.E. explained that these estimates reflect delicate geostrategic and economic changes that coincided with a slowdown in multilateral trade and the negative repercussions of political uncertainties, which are leading to rising economic nationalism and protectionist measures at the global trade level, which resulted in a slowdown in various global economic sectors, especially foreign direct investments.

 

H.E. said the decline in investment inflows was evident across OIC Member States, noting that FDI inflows into the OIC region stood at $107.4 billion in 2018, dropping by $35.6 billion compared 2011.

 

H.E. noted that this decline reflects the magnitude of the challenges faced by investors in OIC countries, particularly in terms of restrictions imposed on the transfer of profits and foreign capital. H.E. called for the adoption of a comprehensive economic strategy to encourage investment inflows and stimulate growth in a way that reflects the economic capabilities and potential of member states in a bid to achieve economic integration and promote joint Islamic action.

 

Touching on Qatar’s economic performance, H.E. explained that the Qatari economy saw a balanced and flexible performance in the midst of these global conditions.

 

In this context, H.E. highlighted Qatar’s efforts to support the private sector and to diversify its economy in line with the National Development Strategy 2018-2022, which aims to promote the growth of added value sectors including the industrial, financial services and tourism sectors.

 

H.E. highlighted that Qatar has sought to speed up the implementation of key initiatives and measures aimed at cementing the country’s position as an attractive business and investment destination.

 

Touching on Qatar’s legislative environment, H.E. emphasized Qatar’s keenness to consolidate foreign investment-friendly laws such as the law regulating the investment of non-Qatari capital in economic activity and the Free Zones Investment law, which allow investors up to 100% ownership.

 

H.E. noted that Qatar is embracing a policy of economic openness to effectively engage with global markets, and build fruitful international partnerships, by capitalizing on its developed infrastructure such as Hamad International Airport and Hamad Port as well as free zones and logistical and industrial areas, which represent an important incentive for foreign companies to invest in non-oil sectors to tap local markets and expand their business into new regional markets.

 

H.E. elaborated on the Qatari-Turkish strategic partnership, which represents an inspiring model of bilateral regional alliances.

 

H.E. explained that Qatar and Turkish enjoy close and friendly relations, noting that these relations reflected positively on bilateral trade, which reached about QR 5.69 billion, the equivalent of $ 1.55 billion between January and September 2019.

 

H.E. added that the growth in bilateral trade reflects the effectiveness of Qatari-Turkish joint measures and initiatives particularly the Trade and Economic Partnership Agreement (TEPA) that was signed in November 2018.

 

H.E. noted that this agreement represents a decisive step in bolstering economic integration between Qatar and Turkey, adding that the benefits of the agreement outweigh those secured within the framework of the World Trade Organization in terms of preferential transactions and customs exemptions for goods and services as well as the incentives it offers to investment companies in both countries.

 

H.E. also praised Turkish companies for contributing to the growth of the Qatari economy, noting that more than 535 Qatari-Turkish joint companies are currently operating in Qatar.

 

H.E. concluded his remarks, noting that the purpose of his participation in the conference is to bolster joint Islamic action in line with the OIC principles and objectives, and to develop cooperation and coordination mechanisms among member states to promote investments and to serve the developmental orientations and aspirations of people in terms of stability and prosperity.

 

During its participation in the conference, the Qatari delegation showcased the most prominent laws and legislations that the State ratified to stimulate foreign direct investments, in addition to the incentives and services offered to investors to streamline the submission of investment applications and the processing of transactions, and to eliminate obstacles that may face investors with relevant authorities, which will contribute to attracting foreign direct investments and enhancing Qatar’s competitive position in the region and beyond.

 

The conference aims to promote investments within the framework of the OIC by reducing obstacles that impede the flow of goods, services and financing between OIC member states and adopting mechanisms that facilitate business procedures.

 

The conference provides a platform for public and private policy makers in OIC members states to discuss issues of common interest including innovative financing sources for the development of the private sector and the enhancement of the global value chain as well as the role of export credit agencies in mitigating trade and political risks to encourage and protect investments, in addition to the dynamics of the private sector to enhance investment flows within OIC and the role of investment promotion agencies in promoting investments within the organization’s framework among other topics aimed at enhancing sustainable partnerships between public and private sector stakeholders in member countries and stimulating investments in the region.

 

The High Level Public and Private Investment Conference is organized and sponsored by Turkey, the Organization of Islamic Cooperation and the Islamic Development Bank. The conference, which sheds light on various sectors including the trade, agricultural and infrastructure sectors, brings together 750 participants from 56 countries, including heads of states, ministers, senior officials, decision makers and business leaders

His Excellency Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, chaired Qatar’s delegation to the 35th ministerial meeting of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC). Qatar is representing the Arab group at the four-day event, which is taking place in Istanbul, Turkey, on November 25-28, 2019.

 

Speaking at COMCEC’s opening meeting, H.E. Mr. Kuwari hailed Turkey for its efforts within the framework of COMCEC to move forward with the implementation of key projects and initiatives that promote economic integration and cooperation among Islamic countries.

 

H.E. noted that this meeting is taking place in light of delicate geostrategic and economic changes, a slowdown in multilateral trade and a lack of tangible progress at the WTO’s 11th Ministerial Conference. H.E. also warned of the potential negative repercussions of global political uncertainties, which are leading to rising economic nationalism and protectionist measures at the global trade level.

 

H.E. pointed to the repercussions of Brexit, which would impact many countries, particularly GCC member states who enjoy close and distinguished relations with the UK.

 

H.E. called for a quantum leap in joint Islamic action to establish innovative initiatives that contribute to overcoming difficulties and obstacles facing OIC member states.

 

H.E. called for further efforts within the framework of COMCEC to implement future plans, in particular the economic aspects of the OIC Ten-Year Programme of Action, which calls for a 25% increase in intra-regional trade by 2025, as well as gradual measures to establish a free trade area that lifts all customs and non-tariff barriers and restrictions.

 

In this context, H.E. hailed the efforts of Arab countries in terms of moving forward with the adoption of  COMCEC’s recommendations, their effective contribution to the implementation of the ten-year programme, the OIC strategy, and the Arab Customs Union project, which would serve the objectives of Islamic countries and promote joint Islamic action at the economic and commercial levels.

 

H.E. noted that this meeting presents an important opportunity to propose mechanisms to improve joint Islamic action in the field of food security, which tops the development agenda of numerous countries particularly Islamic states.

 

Referring to the definition of food security by the Food and Agriculture Organization of the United Nations (FAO) which notes that “food security exists when all people, at all times, have physical, social and economic access to sufficient, safe and nutritious food that meets their dietary needs and food preferences for an active and healthy life,” H.E. said a food crisis exists in Muslim countries as evidenced by the growing dependence on external sources to meet the nutritional needs of the populations of Islamic countries, the decline in per capita agricultural output and the contribution of the agricultural sector to GDP.

 

H.E. added that the majority of Islamic countries, especially African countries, are facing a number of challenges relating to food security and agricultural development as these countries tend to provide support for service sectors instead of stimulating agricultural production, which has resulted in a the decline in the average contribution of the agriculture sector to the GDP of Islamic countries from 23% in 1990 to 17% in 2016.

 

H.E. praised the 2025 Action plan adopted by the 13th Islamic Summit held in Istanbul, noting that the plan represents an important roadmap to achieve the goals and objectives in this field.

 

H.E. added that the program seeks to promote sustainable food security across member states by increasing agricultural production capacities and developing food production systems that promote agricultural diversification, optimal land use, efficient water and land usage, and investments in food security-related sectors.

 

In this regard, H.E. called on the Islamic Organisation for Food Security (IOFS) to prioritize intra-agricultural investments, encourage and channel investments into the agriculture sector in Islamic countries, and to develop value chains among neighboring countries to achieve regional integration in this field.

 

H.E. also proposed the establishment of an agricultural commodity market for Islamic countries aimed at facilitating intra-regional trade.

 

H.E. explained that achieving sustainable development in OIC member states and promoting growth and prosperity undoubtedly requires peace as well as political and social stability.

 

H.E. added that this meeting aims to strengthen Islamic solidarity in line with the principles and objectives of COMCEC, and to develop mechanisms of cooperation and coordination between OIC countries on the economic and trade levels, in order to achieve the aspirations of people and to promote development, progress and prosperity.

 

H.E. concluded his speech by thanking His Excellency, Mr. Recep Tayyip Erdogan, President of the Republic of Turkey, Chairman of the Islamic Summit and the COMCEC Committee, as well as the Arab Group for entrusting Qatar to speak on behalf of the Group.

 

Established in 1981, COMCEC is the main forum for multilateral economic and trade cooperation in the Islamic world and acts as a central platform through which development challenges facing the Islamic world are addressed.

H.E. Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, met on Wednesday 20 November 2019, with Alexander Novak, Russia’s Minister of Energy.

 

The meetings took place on the sidelines of the fourth session of the Qatari- Russian Joint Committee for Economic, Trade and Technical Cooperation held in Moscow from 19-20 November.

 

Discussions touched on the promotion of bilateral relations and the development of joint cooperation, particularly in the fields of trade, investment and industry in light of the friendly Qatari-Russian ties.

 

The meeting focused on the latest developments that the Qatari economy witnessed over the past years, the investment opportunities that Qatar offers across various sectors and the legislations that the State enacted as well as initiatives aimed at supporting the private sector, attracting foreign direct investment and encouraging Russian companies to invest in Qatar.

 

Discussions also touched on mechanisms to support joint investments and incentivize the private sector to establish innovative investment projects in key sectors that would serve the economic aspirations of both countries.

 

Qatari-Russia bilateral trade reached around QR 1.06 billion in 2018, the equivalent of U.S. 290 million.

 

H.E. Mr. Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, and H.E Mr. Alexander Novak, Russia’s Minister of Energy, co-chaired on Wednesday, November 20, 2019, the fourth session of the Russian-Qatari Joint Committee for Economic, Trade and Technical Cooperation, which took place in the Russian capital Moscow on 19-20 November 2019.

The meeting brought together representatives from the Ministries of Foreign Affairs, Finance, Energy, Municipality and Environment, Education and Higher Education, Transport and Communications, and Culture and Sports as well as the Qatar Central Bank, Qatar Chamber, Qatar Investment Authority, Qatar Airways, Supreme Committee for Delivery and Legacy, National Tourism Council, Qatar Civil Aviation Authority, General Authority of Customs, Free Zones Authority, Investment Promotion Agency, Manateq, Ooredoo and Hassad Food.

Discussions touched on cooperation prospects in various sectors of shared interest to both countries.

In his opening remarks, H.E. said Qatar and Russia have long enjoyed friendly relations that were further strengthened since the latest visit by His Highness Sheikh Tamim Bin Hamad Al-Thani, the Amir of the State of Qatar, to Moscow in March 2018.

H.E. explained that Qatari-Russian bilateral relations have also gained momentum after the signing of agreements and memorandums of understanding in the industrial, trade, investment, economic, energy, and infrastructure fields, among other vital areas, including an agreement for the establishment of a research center by Rosneft International at Qatar Science and Technology Park.

H.E. added that the future looks promising when it comes to strengthening and expanding Qatari-Russian bilateral relations, with the latest indicators pointing to promising Qatari-Russia cooperation prospects, as bilateral trade grew by 243.7% to QR 1.06 billion in 2018, compared to QR 307.6 million in 2017.

Touching on Russian investments in Qatar, H.E. said over 50 jointly owned Qatari-Russian companies, and one fully owned Russian companies, are operating in various economic sectors in Qatar.

H.E. urged joint efforts at the governmental and private sector levels to expand trade and investment activities, and bolster growth to reflect the economic potential that both countries enjoy.

H.E. also commended the efforts exerted by both sides to achieve a qualitative leap in the level of investment flows between both countries.

In this context, H.E. emphasized Qatar’s keenness to invite Russian private companies and investors, to contribute to the country’s journey towards achieving its National Vision 2030, and to tap investment opportunities in sports industries and projects associated with preparations to host the 2022 FIFA World Cup.

H.E added that Qatar attaches great importance to supporting the economies of its strategic partners around the world, particularly Russia, where Qatar has sought to diversify its investments into strategic sectors,  noting that the Russian and Qatari investment authorities are engaged in dialogue to identify new and promising projects that will benefit both countries’ economies and serve their common interests.

H.E. explained that Qatar pursued in recent years the implementation of major development projects, which has cemented the country’s position as one of the region’s most stable, competitive, and growth-oriented economies, noting that Qatar’s economy has witnessed a significant boost as new national companies went public, and more than 823 Qatari companies was established in the field of food production, services, and manufacturing industries.

H.E. added that industrial cities are also being expanded to feature 769 industrial land plots, as work continues to complete 337 projects in the manufacturing sector, and create promising investment opportunities in non-oil sectors.

Touching on Qatar’s legislative environment, H.E. said Qatar has developed business legislations and regulations to allow foreign investors up to 100% ownership in all economic and commercial activities, in addition to allowing non-Qatari investors and companies to invest in the strategic real estate sector, and own properties in several vital economic and tourism areas across the country.

H.E. added that Qatar has also approved a draft law regulating public and private partnerships with the aim of offering new opportunities to the private sector, and involving companies in the implementation, construction, financing, and operation of the state’s various facilities, and sustainable development projects.

H.E. concluded his remarks by expressing hope that the fourth session of the Qatari- Russian Joint Committee contributes to expanding economic, trade, and investment cooperation and bolstering bilateral cooperation.

During the committee’s meeting, both sides discussed the progress achieved in terms of implementing the recommendations outlined during previous sessions and plans to expand existing projects, as well as mechanisms to overcome obstacles.

The joint committee also discussed a number of issues relating to enhancing economic, trade and investment cooperation between the two countries in various fields including energy, industry, agriculture, transportation, sports, education, science and technology, culture and aviation.

The two sides agreed to take the necessary steps to move forward with efforts aimed at strengthening trade and investment cooperation in a bid to bolster bilateral trade and streamline the flow of goods, services and investments between the two countries.

At the end of the session, H.E. Mr. Al-Kuwari and H.E. Mr. Novak, signed the minutes of the meeting. Both officials also attended the signing of a 2019-2023 development plan by the Qatari-Russian Joint Committee for Trade, Economic, and Technical Cooperation.

 

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, and H.E. Mr. Qian Keming, China’s Vice Minister of Commerce, co-chaired the second session of the Qatari-Chinese Joint Committee for Economic, Trade, and Technical cooperation, which was held in Doha on November 17, 2019.

Discussions touched on the various aspects of cooperation in sectors of shared interest to both countries.

H.E. said Qatar’s partnership with China serves as a model for its foreign relations, marking more than three decades of bilateral cooperation, as evidenced by the exchange of high-ranking official visits.

Growing bilateral trade and investments reflects the strength of Qatari-Chinese economic relations, H.E. added, noting that bilateral trade reached QR 49.22 billion in 2018, an increase of 27.08% compared to 2017. Today, China ranks as Qatar’s third-largest trading partner and accounts for 11.65% of its total trade volume, H.E. said.

Touching on Chinese investments in Qatar, H.E. said over 265 Chinese companies and representative offices have established a presence in Qatar, including 244 joint Qatari-Chinese firms and 20 representative offices for Chinese firms, in addition to one fully owned Chinese company, and one company licensed by Qatar Financial Centre.

H.E. said these companies operate in several vital economic sectors, such as trade, contracting, construction, information technology, and engineering consultancy.

H.E. added that human capital also plays an important role in strengthening bilateral cooperation, with over 3292 Chinese citizens currently living in Qatar.

On the other hand, China represents an attractive destination for Qatari investments in the fields of technology, hospitality, tourism, real estate, retail, and financial services, among other vital industries, H.E. said.

H.E. added that Qatar and China are also bound by several memorandums of understanding that play a key role in strengthening bilateral ties.

These include an agreement on the Promotion and Protection of Mutual Investments, and an Air Transport agreement, which paved the way for more than 38 passenger and cargo flights linking Doha to most major Chinese cities, H.E. said.

H.E. explained that these agreements enhance the prospects of strategic integration and provide a legal framework that will encourage the Qatari and Chinese private sectors to seek successful investment projects.

H.E. added that today’s meeting comes amid mounting concerns voiced by international institutions over a 2019 global economic slowdown due to trade barriers, supply chain disruptions, and rising interest rates.

This requires all parties to come together and join efforts to create new partnership opportunities, consolidate economic and investment alliances, and strengthen bilateral trade, H.E. said.

H.E. invited Chinese companies to take advantage of the investment-friendly environment that Qatar offers as one of the world’s fastest growing and most balanced economies.

In this context, H.E. noted that Qatar ranked first among countries that achieved growth over the last 20 years, with an average annual growth rate of 10.5%.

Quoting the World Bank’s latest report, H.E. said Qatar’s economy is expected to grow by 2% in 2019 compared to 1.4% in 2018, and 3% on the medium term, driven by higher growth in the services and construction sectors as Qatar implements projects within the framework of its National Vision 2030 and in preparation for 2022 FIFA World Cup.

Touching on Qatar’s investment environment, H.E. said Chinese companies that choose to explore Qatari markets will benefit from a multitude of incentives to expand their businesses regionally, including Qatar’s strategic location between East and West, and investment laws that allow up to 100% ownership across various sectors, commercial activities, and the real estate market.

H.E. added that Qatar has been also keen on protecting Intellectual Property rights, and guaranteeing investors the freedom to transfer capital from and to the country, in addition to developing an advanced network of Free Zones, and logistics and industrial areas, that meet investors’ demands.

H.E. concluded his remarks, by voicing hope that the second meeting will further contribute to strengthening bilateral economic, trade, and investment ties.

The two sides discussed the progress achieved in terms of implementing the recommendations of the first session as well as current projects and plans to expand them, and efforts to overcome the obstacles facing some projects. The joint committee also touched on a number of issues relating to the promotion of economic, trade and investment cooperation between the two countries in various fields.

The two sides agreed to take the necessary steps to move forward with plans to strengthen trade and investment cooperation, which will bolster bilateral trade and facilitate the flow of goods, services and investments between the two countries.

At the conclusion of the session, H.E. Mr. Al-Kuwari, and H.E. Mr. Keming, signed the minutes of the meeting.

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, chaired on Thursday November 14, 2019, the Qatari delegation that participated in the GCC’s Trade Cooperation Committee 58th meeting and the Industrial Cooperation Committee 46th meeting held in Oman.

The events were preceded by preparatory meetings that brought together the Undersecretaries of the Ministries of Commerce and Industry on Tuesday, 31 October 2019 in Riyadh.

H.E. and the accompanying delegation also participated in the consultative meeting between the Ministers of Commerce and Industry and the heads of the federations of GCC chambers, as well as the meeting that was organized with entrepreneurs on the sidelines of the meetings of the Commercial and Industrial Cooperation Committees on November 13, 2019 in Muscat.

The agenda of the Trade Cooperation Committee’s meeting featured a number of topics of common interest including issues relating to trade, challenges facing GCC countries and mechanism to bolster joint GCC action in the field of trade.

Ministers also discussed measures to encourage entrepreneurial and innovative initiatives undertaken by small and medium sized enterprises across GCC States as well as efforts to bolster the contribution of these enterprises to economic development while touching on the GCC’s position regarding WTO-related issues.

During the meeting, Ministers hailed the organization of the annual entrepreneurship forum in Dhofar, Muscat in 2020.

In its 46th meeting, the Industrial Cooperation Committee discussed a number of issues of interest to the GCC’s industrial sector, particularly the GCC Common Industrial law, the difficulties that the steel manufacturing sector is facing, and the free flow of goods of national origin between GCC countries without custom or non-custom related restrictions.

The committee also touched on the role of the Gulf Organization for Industrial Consulting, its contribution to industrial development and its 2019 activities and accomplishments.

The meeting’s agenda also featured discussions on the member states’ implementation of the rules for giving priority in government procurement to national products in GCC states. The committee also discussed the evaluation report on industrial conferences and related exhibitions.

On another note, Ministers discussed the amendments introduced to exempt industrial inputs from customs duties and developments relating to investigations into harmful practices, appeals and customs duties.

H.E. Mr. Al-Kuwari headed the Qatari delegation at the first meeting of the Ministerial Committee for Standardization Affairs, which discussed the topics on the agenda of the meeting.

His Excellency Mr. Ali bin Ahmad Al Kuwari, Minister of Commerce and Industry, held on Monday, November 11, 2019, separate meetings with His Royal Highness Mr. Haakon Magnus, Crown Prince of Norway, and H.E. Mr. Torbjørn Røe Isaksen, Norway’s Minister of Trade and Industry.

 

Discussions touched on the promotion of bilateral relations and the development of joint cooperation, particularly in the fields of trade, investment and industry in light of the friendly ties and strategic interests that both countries.

 

The meeting focused on the latest developments that the Qatari economy witnessed over the past years, the investment opportunities that Qatar offers across various sectors and the legislations that the state enacted as well as initiatives aimed at supporting the private sector, attracting foreign direct investment and encouraging Norwegian companies to invest in Qatar.

 

Discussions also touched on mechanisms to support joint investments and incentivize the private sector to establish innovative investment projects in key sectors that would serve the economic aspirations of both countries.

 

Qatari-Norwegian bilateral trade reached around QR 160.1 million in 2018, the equivalent of US 43.86 million.

 

His Excellency Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, received on Sunday, November 10, 2019, H.E. Mr. Wilbur Ross, the U.S. Secretary of Commerce, who is currently visiting Doha.

 

Discussions touched on the promotion of joint cooperation, particularly in the trade, investment and industrial fields and the prospects of bolstering bilateral trade in light of the economic potential of both countries.

 

The meeting also focused on the latest trade, investment and industrial developments as well as mechanisms to promote bilateral relations.

 

Discussions also touched on the latest developments that the Qatari economy witnessed over the past years, the investment opportunities that Qatar offers across various sectors and the legislations that the state enacted, including the law on regulating the investment of non-Qatari capital in economic activity, as well as initiatives aimed at supporting the private sector, attracting foreign direct investment and encouraging U.S. companies to invest in Qatar.

 

The two sides discussed the role of U.S. companies in implementing Qatar’s infrastructure projects as the country gears up to host the 2022 FIFA World Cup.

 

Last Thursday, H.E. Mr. Al Kuwari received a delegation of American businessmen. H.E. discussed with the delegation the investment opportunities across various sectors in light of the economic diversification strategy pursued by state and efforts to promote an attractive investment environment for various economic projects.

 

Qatari-U.S. bilateral trade reached QR 26.4 billion in 2018, the equivalent of 7.23 billion US Dollars, ranking the US as Qatar’s fifth largest trade partners and top source of imports, accounting for 6.26% of Qatar’s total trade.

 

Over 753 American companies and representative offices are currently operating in Qatar. These include 572 joint Qatari- U.S. companies, 108 representative offices for U.S. companies, 10 firms that are fully owned by US citizens, and 63 firms operating under the umbrella of the Qatar Financial Centre.

His Excellency the Prime Minister and Minister of Interior, Sheikh Abdullah bin Nasser bin Khalifa Al Thani, inaugurated the Qatari-Turkish Business Forum held under the theme ‘Investment Opportunities in the State of Qatar’ on Friday, November 1, 2019 in the Turkish capital, Ankara. The forum was attended by H.E. Fuad Oktay, Vice President of the Republic of Turkey and a number of ministers and senior officials from both nations.

 

The Qatari-Turkish Business Forum plays a key role in bolstering cooperation prospects between the business sectors of both countries, as well as enhancing the friendly relations that have been further strengthened under the wise leadership of His Highness the Amir of Qatar Sheikh Tamim bin Hamad Al Thani, and His Excellency Recep Tayyip Erdogan, President of Turkey.

 

The Qatari-Turkish Business Forum aims to strengthen trade, industrial and investment cooperation between the two countries, stimulate mutual investments and contribute to increasing the volume of trade exchange between the two nations. Additionally, the forum seeks to create new prospects for cooperation between representatives of the private sector, promoting economic partnerships and reviewing investment opportunities in both countries to facilitate the establishment of joint projects that serve the interests of both sides.

 

The forum was also attended by H.E. Mohammed Bin Towar Al Kuwari, Vice Chairman of Qatar’s Chamber of Commerce and Industry; H.E. Ruhsar Pekcan, Turkey’s Minister of Trade; and Mr. Rifat Hisarcıklıoğlu, President of The Union of Chambers and Commodity Chamber Exchanges in Turkey. The forum, which is the first of its kind, witnessed the participation of a number of heads and representatives of major Qatari companies as well as more than 80 major Turkish companies specialised in the fields of information technology, real estate development, industry and others.

 

In his opening remarks, H.E. Mr. Ali bin Ahmed Al Kuwari, Qatar’s Minister of Commerce and Industry, explained that Qatari-Turkish bilateral relations stem from joint views and positions and shared visions in various fields. He noted that these relations reflected positively on bilateral trade, which grew by 78.8% to reach 8.7 billion Qatari riyals in 2018, compared to 4.8 billion Qatari riyals in 2017. During the same period, Qatari exports to Turkey grew by 99% while Qatari imports from Turkey increased by 64.9%, H.E. said.

 

On the investment level, H.E. praised Turkish companies for contributing to the Qatari economy, noting that more than 499 Qatari-Turkish joint companies are currently operating in the trade, contracting and information technology sectors, while 37 wholly-owned Turkish companies are operating in the construction and industrial sectors.

 

H.E. added that the expansion of bilateral trade and investment cooperation follows the ratification of several agreements that had a profound impact on promoting bilateral relations and paving the way for comprehensive strategic cooperation. These agreements include the Trade and Economic Partnership Agreement (TEPA) that was signed during His Highness the Amir Sheikh Tamim Bin Hamad Al Thani’s historic visit to Turkey last November. H.E. noted that the agreement played a key role in facilitating the exchange of goods and services and promoting investment cooperation.

 

In this context, H.E. stressed the importance of the Memorandum of Understanding that the governments of Qatar, Turkey and Iran signed in 2017 to facilitate international transport and transit traffic, which is pivotal to streamlining the flow of goods and commodities by reducing transport time, costs and the required procedures.

 

On the other hand, Qatar has highlighted the importance of promoting economic diversification and its contribution to reducing geopolitical and economic fluctuations that affect the economies of the region and the world, H.E. explained.

 

H.E. added that Qatar has established a comprehensive strategy to diversify its income source by supporting vital economic sectors, and investors, through the implementation of a set of programmes and policies aimed at opening Qatar’s economy to attract companies and channel foreign direct investment into priority sectors, in line with the state’s economic plans.

 

In this context, Qatar has introduced key amendments to business regulations and legislations that allow foreign investors up to 100% ownership in all economic, commercial and real estate activities, H.E. noted.

 

In parallel, Qatar has sought to open its economy to the world by modernising its infrastructure to meet the needs of companies and bolster trade with its various partners around the globe. It has been supported in this aim by Qatar Airways, which operates a fleet of more than 230 aircraft that fly to over 160 destinations worldwide through Hamad International Airport, one of the leading airports in the world, which will accommodate 50 million passengers per year once its expansion is complete, H.E. said.

 

H.E. added that Qatar is also seeking to open its economy through the development of Hamad Port, which plays a pivotal role in linking the nation to the world’s major economies through direct shipping lines, further cementing Qatar’s position as a transit hub with links to more than 40 ports in three continents.

 

Qatar also offers access to economic and logistics zones in strategic locations in close proximity to Hamad International Airport and Hamad Port, as well as a high-speed road network designed in line with the highest international standards, H.E. said.

 

H.E. explained that these plans have contributed to positive changes in the structure of the Qatari economy, as evidenced by Qatar’s ranking on several international indicators.

 

Quoting the World Bank, H.E. said Qatar’s economy is expected to grow by about 2% in 2019, and 3% in the medium term, driven by growth in the services and construction sectors as Qatar pursues the implementation of projects within the framework of its National Vision 2030, and preparations to host the 2022 FIFA World Cup.

 

In parallel, Qatar’s foreign trade sector witnessed remarkable growth in 2018, with the trade balance recording a surplus of $ 52 billion, an increase of 40% compared to 2017, while Qatari exports increased by 25% last year, H.E. noted.

 

H.E. concluded his remarks by voicing his hopes that this meeting will encourage Turkish companies to take advantage of the incentives that the Qatari market offers, to tap investment opportunities with promising returns for the benefit of both countries’ economies.

 

The forum featured a presentation by the Qatari delegation highlighting the business environment and investment opportunities in Qatar.

 

H.E. Sheikh Ali Bin Alwaleed Al Thani, CEO of Qatar’s Investment Promotion Agency; Mr. Abdullah Mubarak Al Khalifa, acting CEO of Qatar National Bank; Mr. Yousuf Mohamed Al-Jaida, CEO of Qatar Financial Centre; Mr. Mohammed Bader al Sada, CEO of Media City; Mr. Abdullah Hamad Al Misnad, Executive Vice Chairman of Qatar Free Zones Authority; and Mr. Yousef Al-Obaidly, CEO of Digiturk, attended the presentation.

 

Turkish officials also delivered a presentation highlighting the success stories of Turkish construction company Tekfen in Qatar.

 

H.E. Mr. Ali bin Ahmed Al-Kuwari, Qatar’s Minister of Commerce and Industry, moderated a high-level roundtable discussion on Brazil’s macroeconomic and business environment. The event was organized by the Ministry of Commerce and Industry on Monday, October 28, 2019 and attended by H.E. the President of Brazil, Jair Bolsonaro, who is currently visiting Doha.

 

The roundtable brought together a number of Qatari officials, including H.E. Sheikh Faisal Bin Qassim Al Thani, Chairman of the Qatari Businessmen Association; H.E. Sheikh Khalifa Bin Jassim Al Thani, Chairman of Qatar Chamber of Commerce and Industry; H.E. Ahmed bin Mohammed Al-Sayed, Minister of State and Chairman of Qatar Free Zones Authority; Mansour Ibrahim Al Mahmoud, CEO of the Qatar Investment Authority; and H.E. Sheikh Ali Bin Al Waleed Al Thani, CEO of the Investment Promotion Agency, as well as a number of senior Brazilian officials including Mr. Ernesto Araujo, Brazil’s Minister for Foreign Affairs, and H.E. Mr. Onyx Lorenzoni, Minister of State and Chief of Staff of the Presidency, along with senior executives from a number of Brazilian companies.

 

In his opening remarks, H.E. Mr. Al Kuwari praised 45 years of friendly Qatari-Brazilian relations, noting that bilateral discussions have gained momentum in recent years on various levels, driven by the exchange of official visits.

 

H.E. noted that both sides must build on their potential by developing the appropriate environment to bolster bilateral trade, which amounted to about 575 million dollars last year compared to 385 million in the first seven months of 2019, ranking Brazil as Qatar’s 28th largest trading partner.

 

H.E. said he hoped the roundtable discussions would pave the way for the expansion of bilateral trade and investment cooperation, in addition to prioritizing investments in areas that add value to the economies of both countries, and promoting cooperation between the Qatari and Brazilian private sectors and enabling businessmen to enter into successful strategic partnerships.

 

In this context, H.E. emphasized the importance of activating bilateral agreements and signing new agreements on the promotion and protection of mutual investments, double taxation and the prevention of tax evasion, which will positively contribute to enhancing the confidence of Qatari and Brazilian investors.

 

These agreements would also contribute to strengthening bilateral cooperation, H.E. said, calling on the Qatari-Brazilian Joint Committee, which represents an important platform for dialogue between the Qatari and Brazilian governments, to hold its first session.

 

On a related note, H.E. praised over 24 Brazilian companies currently operating in Qatar for contributing to the national economy, noting that Qatar seeks to encourage private sector institutions and Brazilian investors to explore the promising investment opportunities provided by the State within the framework of implementing the Qatar National Vision 2030 and hosting the 2022 FIFA World Cup.

 

In his keynote address, H.E. Mr. Al Kuwari touched on the significant progress that Qatar has achieved in recent years in terms of implementing its major development plans, and cementing its position as one of the most developed economies in the region, driven by significant growth in non-oil sectors, which expanded by 3.2% in 2018.

 

Quoting the World Bank, H.E. said Qatar’s economy is expected to grow by about 2% in 2019 and 3% in the medium term.

 

In parallel, Qatar’s foreign trade sector witnessed remarkable growth in 2018, with the trade balance recording a surplus of $ 52 billion, an increase of 40% compared to 2017, while Qatari exports increased by 25% last year, H.E. noted.

 

These positive indicators demonstrate the success of Qatar’s policies as outlined in the Second National Development Strategy 2018-2022, which focuses on providing support for the private sector given its role in enhancing the competitiveness and diversification of its national economy, H.E. said.

 

In this context, Qatar has introduced key amendments to business regulations and legislations that allow foreign investors up to 100% ownership in all economic and commercial activities, H.E. noted.

 

In parallel, Qatar has sought to open its economy to the world by modernizing its infrastructure to bolster trade with its various partners around the world with the support of Qatar Airways, which operates a fleet of more than 230 aircraft that fly to over 160 destinations worldwide including Sao Paolo, H.E. said.

 

H.E. added that Qatar is seeking to further open its economy through the development of Hamad Port, which plays a pivotal role in linking the nation to the world’s major economies through direct shipping lines, cementing Qatar’s position as a transit hub with links to more than 40 ports in three continents.

 

H.E. said Qatar also offers access to economic and logistics zones in strategic locations in close proximity to Hamad International Airport and Hamad Port, as well as a high-speed road network designed in line with the highest international standards.

 

H.E. concluded his remarks by voicing his hope that this roundtable will pave the way for successful investment partnerships that will serve Qatar and Brazil’s shared objectives and interests.

 

During the meeting, Brazilian officials delivered two presentations on the business environment in Brazil and the investment opportunities that investors and entrepreneurs may tap into.

 

 

 

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, and H.E. Sung Yun-mo, South Korea’s Minister of Trade, Industry and Energy, inaugurated on Sunday, October 13, 2019, the Qatari-Korean Business Forum that was held in conjunction with the fifth meeting of the high-level strategic cooperation committee between Qatar and Korea in Doha.

In his opening remarks, H.E. Mr. Al Kuwari said the Qatari-Korean Business Forum presented an important opportunity to consolidate cooperation between the private sectors in both countries and to build successful investment partnerships that serve the shared aspirations and interests of both nations.

H.E. said his country’s partnership with South Korea serves as a model for Qatar’s economic relations worldwide, noting that the two countries have enjoyed an advanced level of bilateral cooperation over four decades. The strength of this relationship has been marked by the exchange of official visits, particularly the visit of His Highness the Amir, Sheikh Tamim bin Hamad Al-Thani, to Seoul this year and the visit of H.E. South Korea’s Prime Minister Lee Nak-yeon to Doha last July.

The growth in Qatari-Korean bilateral trade and investments demonstrate the strength of bilateral economic relations and their promising prospects, H.E. said, noting that South Korea ranks as Qatar’s second-largest trading partner with 15.1 billion US dollars’ worth of traded goods in 2018.

H.E. added that South Korea accounted for 12.95% of Qatar’s total trade volume last year.

Touching on Korean investments in Qatar, H.E. said more than 37 fully owned Korean companies are currently operating in Qatar in the trade, contracting, construction and information technology fields in addition to 140 joint Qatari-Korean firms.

On the other hand, South Korea represents an attractive destination for Qatari investments in vital industries and economic activities, H.E. said, emphasizing Qatar’s keenness to support the economies of its strategic partners and to promote the exchange of expertise in sectors that would serve Qatar’s developmental trends, especially in industrial and technological sectors, which are key contributors to South Korea’s growth and advanced ranking on several international reports.

H.E. praised the progress that experts made during the fifth meeting of the high-level strategic cooperation committee between Qatar and Korea, which contributed to strengthening bilateral cooperation across various fields.

H.E. touched on Qatar’s success in recent years in implementing major development projects, which have cemented its position as one of the region’s most stable, competitive and growth-oriented economies.

Quoting the World Bank’s latest report, H.E. said Qatar’s economy will grow by 3.4% by 2021, driven by higher growth in the services sector as the 2022 FIFA World Cup approaches compared to a constant-price GDP growth rate of 1.43% 2018 when economic activity recovered from the impact of the illegal and unjust blockade imposed on the country since 2017.

H.E. noted that Qatar’s economy has witnessed a significant boost as new national companies went public and more than 823 Qatari companies was established in the field of food production, services and manufacturing industries in addition to the expansion of industrial cities, which will feature 769 industrial land plots as work continues to complete 337 projects in the manufacturing sector and create promising investment opportunities in non-oil sectors.

These positive indicators are the result of economic policies implemented in accordance with the objectives of the Second National Development Strategy 2018-2022, H.E. said, noting that Qatar has attached great importance to supporting the private sector in line with its belief that it plays a key role in promoting competitiveness and economic diversification.

H.E. explained that Qatar has begun to fast-track the implementation of measures aimed at supporting the private sector by offering public-private partnership projects and establishing incentive programs to attract foreign direct investments.

In this context, Qatar has developed business legislations and regulations to allow foreign investors up to 100% ownership in all economic and commercial activities, H.E. said, adding that Qatar has allowed non-Qatari investors and companies to invest in the strategic real estate sector and own properties in several vital economic and tourism areas across the country.

H.E. added that Qatar has recently approved a draft law regulating public and private partnerships with the aim of offering new opportunities to the private sector and involving companies in the implementation, construction, financing and operation of the state’s various facilities.

H.E. said Qatar has also streamlined procedures and regulations for the issuance of commercial and industrial licenses and the development of key e-services including the launch of the Single Window Initiative, which allows investors to establish companies in Qatar anytime and wherever they are based around the world. Qatar has also established an advanced network of free zones, and logistics and industrial area that meet all investors’ needs.

H.E. concluded his remarks, expressing hope that the forum will incentivize businessmen to enhance joint cooperation and take advantage of the positive investment climate to establish strategic projects that will benefit both nations.

H.E. Mr. Ali bin Ahmed Al Kuwari and H.E. Mr. Sung Yun-mo attended the signing ceremony of a memorandum of understanding (MoU) between the Qatar-based Mada Centre and the Korea Trade and Investment Promotion Agency (KOTRA) to promote cooperation in the field of assistive technology.

The MoU was signed by Ms. Maha Al Mansouri, CEO of Mada Centre, and Mr. Kim Sang Mok, Executive Vice President for Economic and Trade Affairs at the Korea Trade and Investment Promotion Agency.

The MoU aims to promote cooperation between the two institutions in developing innovative products relating to digital access and assistive technology, with Mada providing space to showcase Korean innovations, as well as promoting and adopting the latest technologies. The MoU is also part of Mada’s work with various partners and innovators to develop an integrated system to support technological solutions that promote digital access for people with disabilities and the elderly.

The forum was attended by H.E Sheikh Dr. Khalid Bin Thani Al Thani, Second Deputy to the Chairman of the Qatari Businessmen Association, H.E. Mohammed Bin Ahmed Bin Towar Al Kuwari, First Vice Chairman of Qatar Chamber, and Mr. Kim Jun-dong, Executive Vice Chairman of The Korea Chamber of Commerce and Industry along with a number of businessmen, investors, executives and representatives of major Qatari and Korean companies from various industries.

The forum featured two panel discussions. The first panel touched on bilateral investment opportunities. The panel brought together H.E. Sheikh Ali Bin Alwaleed Al-Thani, CEO of the Investment Promotion Agency, Mr. Abdullah Al Majed from the Ministry of Commerce and Industry, H.E. Mr. Yousef Mohammed Al Jaidah, CEO of the Qatar Financial Centre, Mr. Khalid Abdullah Al Mana, Executive Director of the Business Finance at Qatar Development Bank, Mr. Hamad Al Mohannadi, Director of Business Development at the Qatar Free Zones Authority, and Mr. Abdulaziz Nasser Al Yafei, Head of Operations at Mwani Qatar, along with a representative of the Korean Maritime Institute, who discussed maritime cooperation between the two countries.

The second panel touched on promising opportunities. The panel brought together Ms. Iman Al-Kuwari, a programmer at the Digital Society, Ministry of Transport and Communications, Dr. Fathi Filali from Qatar Science and Technology Park, and Mr. Hassan Al-Emadi, Senior Business Accounts Manager at Ooredoo. Discussions touched on artificial intelligence and smart cities and their important contribution to business development over the last decade.

On the Korean side, Mr. Jeong Jaeok of the Korea Institute for International Economic Policy, Mr. Kwon Taekrayon of the Department of Rural Development, Mr. Bum Won Taek of the National Agency for the Promotion of the Information Technology, and Mr. Lee Han Joo, head of the Kuwait Office at the Korea Land and Housing Foundation, discussed mechanism to promote industrial cooperation between Qatar and Korea in various fields relating to the fourth industrial revolution, smart agriculture in South Korea, e-learning and the applications of smart cities in Korea.

The forum also featured bilateral meetings between Qatari and Korean businessmen, during which they reviewed investment opportunities in both countries and discussed efforts to build long-term economic cooperation mechanisms.

The Qatari-Korean Business Forum aims to enhance trade, investment and industrial cooperation and enhance communication prospects between representatives of the Qatari and Korean private sectors to establish investment projects that align with the interests of the both countries

 

 

The Ministry of Commerce and Industry organized on Thursday October 3, 2019 a seminar entitled “Investment Prospects in Qatar: Opportunities and Challenges” after the issuance of Law No. (1) of 2019,  which regulates the investment of non-Qatari capital in economic activity. The seminar shed light on the various aspects of Law No. (1) of 2019 as one of the key legislations governing foreign investments with the aim of promoting economic development, attracting foreign investments in all economic and commercial activities and sectors, attracting 100% foreign capital, and achieving economic diversification in accordance with the Qatar National Vision 2030, which facilitates foreign investors’ access to the Qatari market.

The seminar brought together a number of officials from the Ministry of Commerce and Industry, the Qatar Financial Centre, Qatar Chamber, the Investment Promotion Agency, the Qatar Free Zones Authority, as well as a group of specialists, experts, judges, lawyers, academics and students from the College of Law at Qatar University, along with members of the trade and investment sector operating in various economic activities.

During the opening of the seminar, Mr. Hilal Mohammed Al-Khulaifi, Director of the Legal Affairs Department at the Ministry of Commerce and Industry, said the seminar falls in line with the Ministry’s efforts to contribute to Qatar’s legislative renaissance and to raise awareness among members of the financial and business community on the most important developments relating to the investment environment, which will bolster efforts to achieve the Qatar National Vision 2030 and its human, economic and social development objectives.

Mr. Al-Khulaifi highlighted the investment advantages and incentives that the law grants to non-Qatari investors and the important set of legislations aimed at improving Qatar’s business climate, referring in this regard to the recent launch of the Investment Promotion Agency.

He added that Qatari legislators are currently working on issuing a new law to regulate public-private partnerships, which will enable the private sector to tap new opportunities in the sports, health and education sectors, while a new bankruptcy law is expected to be issued to support businesses in distress and offer them the opportunity to restructure.

Four panel discussions

The event featured four panel discussions. The first session touched on “the Investment Framework in Qatar: Opportunities and Challenges” during which Mr. Hamad Mohammed Al Abdan, Director of  the Business Development and Investment Promotion Department at the Ministry of Commerce and Industry, discussed the advantages that position Qatar as an investment hub.

Mr. Al Abdan shed light on the “Invest in Qatar” center and the benefits it offers to investors, as a one-stop shop for inquiries and applications aimed at helping investors overcome any obstacles they may face. He also outlined the investment incentives that Qatar offers and how investors may apply to the center.

He explained that the center is coordinating with the Business Development and Investment Promotion Department to identify challenges and constraints, and to follow up on the implementation of appropriate solutions in addition to providing data and guidelines for public services, and creating opportunities and investment incentives.

The second panel discussion titled “Key Features of Investment Law No. (1) of 2019” featured Dr. Imad Nasr Oraibi from the Ministry of Commerce and Industry.

Dr. Oraibi elaborated on the definition of foreign capital from both the legal and economic perspectives as well as the major classifications of investments, their geographical source, and the ultimate purpose of the investment. The panel also touched on the advantages and disadvantages of foreign investments and the legal framework governing foreign capital investments on the domestic level in terms of national laws governing foreign investment, as well as international agreements relating to international investments.

The panel also touched on regulations regarding the activities of non-Qatari companies involved in the implementation of contracts in Qatar, and regulations on the investment of non-Qatari capital in Qatari shareholding companies listed on the Qatar Exchange.

The third panel touched on the international protection of foreign investments. Dr. Zain Al Abidine Sharar from the Qatar International Court discussed the role of foreign investment courts in supporting the investment climate and establishing a successful mechanism for settling investor disputes in accordance with international best practices. Dr. Zain Al Abidine Sharar noted that Qatar attached a great deal of importance to this matter and that Qatari legislators recognized the importance of commercial courts specialized in supporting the investment climate. He added that the main objective behind the establishment of the Qatar International Court, which brings together a group of internationally renowned senior judges, is to bolster the investment climate.

The fourth panel touched on the mechanisms of resolving investment disputes. During the panel, Sheikh Dr. Thani bin Ali Al-Thani, a member of the Board of Directors of the Qatar International Centre for Conciliation and Arbitration, noted that the constitution guaranteed the right of litigation, explaining the different means for resolving investment disputes.

He touched on the legal aspect in this regard, and discussed alternative means of resolving investment disputes, namely, reconciliation, mediation, conciliation and arbitration. He also elaborated on international agreements and international laws, pointing in this regard to the accession of Qatar to the Convention on the Settlement of Investment Disputes between States and Nationals of Other States, noting that the Qatar International Center for Conciliation and Arbitration draws its rules from the UNCITRAL rules on conciliation and arbitration.

Upon the directives of His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, Prime Minister and Minister of Interior, the Ministry of Commerce and Industry launched on Monday 30 September 2019 the first phase of the single window services during a ceremony at the Ministry’s headquarters in Lusail City. These services include the incorporation of businesses and factories by enabling investors and businessmen to file and sign applications online and pay fees electronically to obtain a license.

 

The ceremony was attended by H.E. Sheikh Faisal bin Qassim Al-Thani, Chairman of the Qatari Businessmen Association, Mr. Mohammed bin Ahmed Tawar Al Kuwari, First Vice President of Qatar Chamber, along with a number of government officials, investors and businessmen.

In remarks delivered at the launch of the first phase of single window services, H.E. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, said these services falls in line with the leadership’s wise directives to optimize the use of digital technology, enhance the operational performance of the government and lay the foundations of the digital infrastructure necessary to develop the business environment, positioning Qatar as an investment hub in the region.

 

This leading national initiative is the fruit a collaborative effort, cooperation and coordination among the Ministry of Commerce and Industry and a number of government agencies and bodies, in order to create a unified and integrated electronic platform for investors and to streamline approval and licensing procedures for the establishment of businesses in Qatar, which will contribute to the promotion of  local and foreign investments and ease the flow of investments into sectors that serve national priorities at the development level.

 

H.E. explained that the services offered during the first phase of the initiative include the incorporation of companies and factories, which will be rolled out gradually in coming weeks while more than 30 services related to the management of companies and factories will be added during the first quarter of 2020.

 

The current phase also features the roll out of services relating to the issuance of commercial records, tax registration and the documentation of incorporation contracts, providing investors the opportunity to benefit from a unified and smart electronic platform to complete registration and business licensing procedures.

 

H.E. added that the initiative promotes operational efficiency and streamlines the receipt and validation of documents through one smart electronic platform, compared to previous procedures, which required the intervention of more than 40 competent departments, thus shortening approval procedures by government agencies. H.E. said this new electronic platform will provide investors with access to over 18 government agencies under one umbrella, thus integrating all incorporation procedures.

 

H.E. added that the single window initiative promotes the principle of information transparency, enabling users to follow-up and evaluate the performance of various government agencies while providing integrated and accurate information on all licensed companies and Qatar’s investment sector in general, helping investors take appropriate decisions and encouraging them to establish successful investment projects.

 

H.E. concluded his remarks by thanking all competent authorities and government bodies for their keenness to implement this leading national project in accordance with the best international practices which benefits the national economy.

 

H.E Mr. Al Kuwari, toured the single window center, accompanied by H.E. Sheikh Faisal bin Qassim Al-Thani, Chairman of the Qatari Businessmen Association, Mr. Mohammed bin Ahmed Tawar Al Kuwari, First Vice President of Qatar Chamber, and a number of government officials along with a group of investors and businessmen, who were briefed on the procedures and services offered by the single window. The facilities and services that the center offers to investors will stimulate the participation of the private sector, and encourage local and foreign investments in line with Qatar National Vision 2030.

 

The launch of the first phase of the single window services falls in line with Qatar’s efforts to provide a smart platform that enables Qatari and foreign investors to easily and quickly establish companies, saving applicants time and effort, while improving the efficiency and operational effectiveness of competent authorities in the field of business licensing.

 

The comprehensive incorporation services system for businesses and factories consists of an intelligent application processing system, an electronic signature system for contracts, and an e-approval portal. The services will be rolled out gradually over the coming weeks, while more than 30 services related to the management of companies and factories will be added during the first quarter of 2020.

The smart application processing system allows the easy and electronic submission of all applications under one umbrella. The application is submitted using one form, instead of filling more than 100 paper forms, which allows investors to launch businesses with ease and with minimal effort.

 

The e-signature system for contracts is fully electronic and compliant with Qatari laws, and is being implemented for the first time through the single window services. The government will be able to apply the system in other instances, such as signing contracts, official documents and value-added services.

 

The electronic signature system for contracts features: creating the contract form in digital format and sending a copy of the contract to be signed by each investor. The contract may be signed by investors at the service center using a Qatari identity card or through the single window services website also using a Qatari ID card. The contract is then reviewed and documented electronically by the legal officer, and sent electronically to all investors.

 

The e-approval portal, on the other hand, is one central platform for all businesses through which concerned parties are connected to each other and the single window. Connected entities include those with an electronic system that is directly linked to the portal as well as entities that do not possess an electronic system. The approval portal allows the submission of applications by each party to the competent department to decide on each application without requiring the applicant to visit the department. After obtaining the approvals, all the required fees are paid either electronically or through the single window center to obtain the required license and documents.

 

 

●      H.E. Minister of Commerce and Industry participates in a round table organized by the US Chamber of Commerce and the US-Qatar Business Council on the sidelines of the SelectUSA Investment Summit.

●      H.E. Minister of Commerce and Industry holds bilateral meetings on the sidelines of the SelectUSA 2019 Investment Summit.

●      Qatar’s foreign trade has shown remarkable growth in 2018 compared to 2017, with total foreign trade increasing by 19% to reach $116 billion.

●      The World Bank expects the Qatari economy to grow at 2.7% in 2019 and 3% in 2020.

●      Qatar’s total exports increased by 25 % to reach $84 billion in 2018.

 

H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, chaired Qatar’s delegation to the SelectUSA 2019 Investment Summit, which took place in Washington on June 10-12.

On the sidelines of the Investment Summit, H.E. Mr. Al-Kuwari participated in a round table organized by the US Chamber of Commerce and the US-Qatar Business Council. The round table was attended by senior officials and businessmen from Qatar and US.

Speaking at the event, H.E. Mr. Al Kuwari said international trade and investment form a key part of Qatar’s future growth and diversification, noting that the US is one of Qatar’s strategic and largest global partners.

Over the last five years, Qatari-US bilateral reached $26.7 billion, H.E. said, adding that 84.5% of the trade balance, the equivalent of $22.6 billion, is in favor of the US.

H.E. noted that the US is also Qatar’s first destination for imports, accounting for 19.43% of Qatar’s imports in 2018.

H.E. added that over 753 American companies are currently operating in Qatar, including 118 companies that are fully owned by US citizens, while 63 firms are operating under the umbrella of the Qatar Financial Centre.

Over 15,000 American citizens are also living in Qatar including 5000 high skilled individuals that are currently employed by the private sector, H.E. said.

Touching on Qatar’s economic environment, H.E. argued that Qatar is emerging stronger and more independent than ever before with an economy that is now more accessible to the world.

Qatar has successfully established direct commercial routes with a number of strategic hubs and major economies around the world, H.E. said, noting that trade has been diverted to major trading partners.

H.E. explained that Qatar’s solid economic growth also played a key role in the development of the country’s infrastructure and the establishment of a very successful air fleet, operated by Qatar Airways, one of the world’s leading 5-star airlines.

In parallel, Qatar utilized its available high standard facilities and hi-tech logistics to mobilize regional agreements with Kuwait, Iraq, Oman, Turkey, Pakistan, India, Azerbaijan and central Asia, H.E. added, noting that Qatar is expanding its trade activities through a sea fleet that connects the country with its major trading partners in the world to target a market of 400 million people in its first stage.

As a result, the Qatari economy continued its positive performance during the past couple of years, H.E said, driven by the wise policies adopted by the State to stimulate all sectors of the economy and achieve increased productivity, which reflected positively on economic growth.

In 2018, Qatar’s GDP grew to $225 billion, H.E. said, noting that the annual real GDP growth rate at constant price reached 1.4 % in 2018, a better than expected rate.

Quoting the World Bank, H.E. said the Qatari economy is expected to grow at 2.7% in 2019 and 3% in 2020 partly driven by Qatar’s success in attracting foreign direct investments.

H.E. added that Qatar’s foreign trade has also shown remarkable growth in 2018 with total foreign trade increasing by 19% in 2018 to reach $116 billion.

Qatar’s total exports also increased by 25 % to reach $84 billion in 2018, resulting in a 40% increase in the trade surplus which reached $53 billion in 2018, H.E. said.

H.E. concluded his remarks by noting that these positive indicators reflect Qatar’s economic competitiveness and position the country as a highly attractive destination for US investments.

H.E. invited investors to tap the myriad of opportunities that Qatar offers to establish investment projects in the country.

On the sidelines of the summit, H.E. the Minister of Commerce and Industry, held separate meetings with H.E. Mr. Wilbur Ross, the U.S. Secretary of Commerce, H.E. Mr. Thomas J. Donohue, President and CEO of US Chamber of Commerce, Mr. Daniel Mullaney, Assistant US Trade Representative for Europe and the Middle East, Mr. Larry Hogan, Governor of Maryland, H.E. Ambassador Anne Patterson, President of the Qatar-US Business Council, Mr. Mike DeWine, Governor of Ohio, Mr. Larry Kudlow, Director of the United States National Economic Council (NEC), and H.E. Mr. Matt Bevin, Governor of Kentucky.

 

Discussions touched on the promotion of bilateral relations and the development of joint cooperation, particularly in the fields of trade, investment and industry in light of the friendly ties and strategic interests that Qatar and US share.

 

The meetings focused on the latest developments that the Qatari economy witnessed over the past years and investment opportunities across various sectors in addition to the incentives that Qatar is offering across various sectors. These include legislation such as the law regulating the investment of non-Qatari capital in economic activity and initiatives to support the private sector, attract Foreign Direct Investment and encourage US companies to invest Qatar.

 

Discussions also touched on the development of mechanisms aimed at supporting joint investments and encouraging the private sector to establish innovative investment projects in key sectors that would serve the economic aspirations of both countries.

 

Through its participation in the summit, Qatar seeks to strengthen its bilateral relations with the US and highlight its friendly investment environment and the opportunities offered by the State across various promising sectors. Qatar highlighted key legislations adopted by the state such as the law regulating the investment of non-Qatari capital in economic activity and the various initiatives aimed at supporting the private sector in addition to the incentives, advantages and services offered to investors to attract further Foreign Direct Investments and bolster Qatar’s competitiveness on the regional and global levels.

 

The SelectUSA Summit is the leading event promoting Foreign Direct Investment (FDI) in the United States bringing together senior government officials, business executives, private sector representatives and policy makers. Each year, the summit focuses on a specific theme relating to the US investment environment, overall industry trends and new opportunities.

The current edition of the summit touched on issues relating to FDIs, economic development and the advantages of investing in priority sectors, particularly advanced industries, health care, biotechnology, agriculture and the digital economy.

The 2018 SelectUSA Investment Summit drew more than 3,000 participants from 66 international markets and 51 U.S. states and territories.

This year’s Investment Summit brought together representatives from more than 50 US states and territories as well as representatives from 43 international markets.

The Ministry of Commerce and Industry signed on Sunday, May 26, 2019, a memorandum of understanding (MoU) with the General Authority of Customs to enhance cooperation in terms of operational issues relating to combating money laundering, crimes and terrorism financing.

 

The Ministry of Commerce and Industry was represented by Mr. Salem bin Salim Al Mannai, Director of the Corporate Affairs department, while Mr. Abdulaziz Al-Hathal, Director of Legal Affairs, represented the General Authority of Customs.

 

The signing of the MoU comes within the framework of joint coordination and unification of national efforts. It also reflects the keenness of both parties to join efforts to achieve the desired objectives and their continued commitment to enhancing bilateral cooperation in the field of information exchange to combat money laundering and terrorism financing crimes.

 

The Ministry of Commerce and Industry organized on Thursday, May 23, 2019, a welcome meeting for Qatar University students who joined its vocational training program. The training program was launched within the framework of a memorandum of understanding (MoU) signed between the Ministry and the University.

 

The meeting, which was attended by a number of Ministry officials, featured a brief presentation on the Ministry, its various departments, organizational structure, competencies, vision and objectives in accordance with Qatar National Vision 2030. The presentation also shed light on the Ministry’s main duties and services, its role in developing human resources, and the ethical charter and professional values code that trainees must adhere to during their training period.

 

The vocational training program organized by the Ministry aims to equip students of Qatar University with the practical and professional experience as well as the tools that enable them to access the labor market. Through this program, the Ministry seeks to provide a suitable training environment to empower university students to perform work duties and responsibilities that correspond with their academic specializations.

 

Within the framework of the program, which brings together 70 trainees during May and June, students will be trained in the areas of business administration, translation, accounting, public relations, economics, international relations and internal audit, which fall in line with the Ministry’s competencies.

 

The Ministry of Commerce and Industry had signed a memorandum of understanding with Qatar University in 2016. Under the agreement, both parties exchange expertise in the field of training while students are offered the opportunity for vocational training in accordance with the Ministry’s various competencies.

The Ministry of Commerce and Industry signed on May 16, 2019, a memorandum of understanding with the Qatar Financial Information Unit to enhance cooperation in terms of operational issues relating to combating money laundering crimes and terrorism financing.

 

The Ministry of Commerce and Industry was represented by Mr. Salem bin Salim Al Mannai, Director of Corporate Affairs, while the Qatar Financial Information Unit was represented by its head H.E Sheikh Ahmed bin Eid Al-Thani.

 

The signing of the MoU comes within the framework of coordinating and joining national efforts, and reflects all parties’ keenness to achieve the desired objectives and their continued commitment to enhancing joint cooperation in the field of information exchange and combating money laundering and terrorism financing crimes.

The Ministry of Commerce and Industry honored on Tuesday, May 14, 2019 student members of the Shafallah Center for Persons with Disabilities who successfully completely a three-month training program.

 

The honorary ceremony was attended by a number of officials from the Ministry of Commerce and Industry and the Shafallah Center for Persons with Disabilities along with department directors, heads of divisions and staff members.

 

The recognition of student members of the Shafallah Center reflects the Ministry’s belief in the important role that governmental and private institutions play in the rehabilitation, vocational training and economic empowerment of people with special needs and falls in line with its efforts to support this group through agreements with a number of civil society organizations, which provide support for persons with disabilities in general and those with mental disabilities in particular. Since 2013, the Ministry has been seeking to enhance this group’s access to training and employment opportunities similar to other members the Qatari community.

 

The ceremony concluded with the distribution of certificates of appreciation to coordinators of the training program from the Ministry of Commerce and Industry and the Shafallah Center. Certificates of participation were also distributed to students who passed the program.

 

Within the framework of the three-month training program that kicked off last February, a number of student members of Shafallah Center for Persons with Disabilities were trained on performing office duties in addition to working within the ministry’s various departments in a bid to encourage students, enhance their abilities, and equip them with the skills to access the labor market and find jobs that suit their potential and abilities.

 

 

Last October, the Ministry of Commerce and Industry signed a memorandum of understanding with the Shafallah Center for Persons with Disabilities to strengthen cooperation between the two parties to support people with disabilities and promote ethical values ​​that guarantee their right to work.

 

Under this memorandum, the Ministry will train and rehabilitate a number of people with mental disabilities to perform in the work environment and prepare them assume position in the public and private sectors in Qatar.

The Ministry of Commerce and Industry signed a Memorandum of Understanding (MoU) with the Doha Institute for Graduate Studies on Thursday 25 April 2019. The Ministry was represented by Mr. Tareq Al-Khalaf, Director of the Human Resources Department while the Doha Institute for Graduate Studies was represented by Dr. Farid El Sahn, Professor and Director of the Executive Education Excellence Center.

 

The signing of the MoU comes within the framework of the Ministry’s efforts to bolster the competencies of its human cadres and build societal partnerships across various sectors and industries including the education and scientific research sectors. The MoU reflects the Ministry’s belief in the important contribution of highly qualified human cadres to sustainable development.

 

On this occasion, Mr. Al-Khalaf, highlighted the importance of the MoU, noting that it comes within the framework of the Ministry’s keenness to develop human cadres and empower its employees by bolstering their knowledge and scientific skills through education and training programs that enable them to contribute to the accomplishment of the Qatar National Vision 2030.

 

For his part, Dr. El Sahn said he was pleased to sign the MoU, which comes within the framework of the strategic partnership between the Ministry and the Doha Institute for Graduate Studies.

 

Dr. El Sahn noted that the Institute is an educational institution that offers educational services while the Ministry of Commerce and Industry plays a key role in providing services to the state and citizens, which necessitates the promotion of joint cooperation to advance shared objectives, particularly with regard to the National Development Strategy 2018-2022, and Qatar’s economic diversification efforts.

 

Dr. El Sahn explained that the MoU aims at promoting joint research and training programs to develop the skills of the Ministry’s employees while offering them the opportunity to obtain a master’s degree. On the other hand, the Institute will dispatch students to undertake practical training at the Ministry of Commerce and Industry.

 

In line with the MoU, the two sides will exchange expertise in the fields of scientific research and studies of mutual interest in addition to exchanging professional experiences, experts and researchers in their respective fields.

 

The Ministry and the Doha Institute will also co-organize conferences, seminars, specialized workshops and joint activities and cooperate in the fields of education and training provided for departments and executive leaderships at the Ministry.

 

The MoU also calls for the promotion of cooperation when it comes to discounted academic fees and scholarships according to the needs of the Ministry and its competencies, and in accordance with the Institute’s admission policies, terms and procedures. Based on the MoU, the Ministry will offer vocational training and summer training opportunities for students of the Doha Institute, which will also encourage students to volunteer and participate in the Ministry’s activities.