QFZA chairman stresses investment promotion during World Cup

HE the Minister of State and Chairman of the Board of Directors of the Qatar Free Zones Authority (QFZA), Ahmad bin Mohamed al-Sayed, stressed that the QFZA is intensifying co-operation with all concerned agencies in the State of Qatar to make the exceptional hosting of the FIFA World Cup Qatar 2022 a success.
In an exclusive statement to Qatar News Agency (QNA), HE al-Sayed said that the QFZA is investing in this global event, to be held for the first time in the Middle East and the Arab world, to promote the unique investment opportunities available in the State of Qatar and work to attract regional and international companies to invest in the free zones.
The QFZA also seeks to boost long-term partnerships between local and foreign investors to enhance added values and the knowledge transfer, to create more promising opportunities that require technical skills, within the framework of the Authority’s long-term strategy aimed at boosting the economic diversification objectives in the country in line with Qatar National Vision 2030, al-Sayed added.
He said that the QFZA takes advantage of this unique global event to introduce the world to the unique advantages offered by free zones in the State of Qatar, and the promising growth opportunities they create for international and local companies by providing advanced infrastructure and superstructures in accordance with the highest international standards, and linking them to global markets, and providing a suitable environment for living and working in the State of Qatar, in addition to providing integrated services that enable investors to manage their businesses from within the country and launch them to the countries of the region and the world.
Al-Sayed highlighted that the QFZA, since its activities kicked off in 2019, managed to boost its position as a global business destination and provide investors worldwide with an environment conducive to their business and opportunities for growth.
He highlighted that the free zones in Qatar were developed in line with the highest international standards, by providing innovative solutions that create a global competitive advantage for partners and provide many growth opportunities that benefit investors in strategic sectors.
He highlighted the top-notch facilities and infrastructure that take into account environmental factors and sustainability requirements, boost talents and skills, and allow full ownership by foreigners, tax exemptions, and partnership opportunities with Qatari authorities and the private sector, in addition to benefiting from investment funds that help companies develop their business and expand globally.
The QFZA also managed to attract international companies in many strategic and promising economic sectors, including emerging technology, logistics and trade, manufacturing and consumer products, marine services, biomedical sciences, food and agricultural technology, and others, al-Sayed said.
As part of its construction of fan villages, al-Sayed said, the QFZA backed the design and hosting of the largest fan village in Ras Bufontas Free Zone with a capacity of 4,620 cabins along with a variety of public and recreational facilities and restaurants.
Located near the Doha Metro, football fans will be allowed a quick access to stadiums, tourist areas and the FIFA Fan Festival, al-Sayed said, highlighting that the village was constructed, under the supervision of the Supreme Committee for Delivery & Legacy (SC), to accommodate visitors from all over the world, and allow them to stay near Doha, the areas where World Cup matches will be played and the football venues.
HE the Minister of State and Chairman of the Board of Directors of the Qatar Free Zones Authority (QFZA) reaffirmed that the QFZA and the companies based threw their full weight behind backing the country's efforts in hosting an exceptional and successful event by all standards, to help citizens, residents, visitors and all fans worldwide to watch an impressive World Cup.