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The African Continental Free Trade Agreement (AfCFTA) would further boost economic and trade relations between Qatar and South Africa, as well as other countries in Africa, South African ambassador Ghulam Hoosein Asmal has said. According to Asmal, the AfCFTA is the “second largest free trade agreement in the world” and provides investors access to global markets. He said South Africa has concluded several trade agreements that support export market growth prospects. “The best example is the African Continental Free Trade Agreement, which was founded in 2018 with trade commencing in 2021. It creates a single market for goods and services to deepen economic integration in Africa. “Fifty-four of the 55 African countries have signed the AfCFTA and the combined GDP of its members is approximately $3tn to $4tn, and a population of about 1.5bn people,” Asmal explained. The ambassador pointed out that Qatari investors looking to pour investments in South Africa’s manufacturing sector, for example, “would have access to the whole African continent.” “More importantly, I believe that Qatar and South Africa, as well as the rest of Africa, can have trilateral co-operation in terms of investments and to maximise the mining sector, among other industries. The capital may come from Qatar and the resources from South Africa, and I think that is a ‘win-win’ solution. “We need to take advantage of new areas of communication and co-operation so that we could develop our economies and bring development to the ordinary people of the world,” Asmal pointed out. According to data from the Industrial Development Corporation of South Africa (IDC) and InvestSA, foreign investors seeking access to the rest of the African continent can leverage South Africa’s well-developed industrial ecosystem and diversified economy, particularly its established manufacturing sector and value chains, among other benefits. IDC and InvestSA data also noted that numerous regional investment opportunities are available in the climate-smart agriculture and agro-processing sectors. Around 60% of Africa’s arable lands is uncultivated and the continent has abundant water resources for agriculture development. In mining and minerals processing/beneficiation, investors should target key mining sectors for globally-competitive downstream manufacturing metals industries, and minerals exports, as well as to promote energy security and support climate change mitigation efforts. Other sectors for regional investment opportunities include hydrocarbons, particularly natural gas; manufacturing, digital technologies, including Information and Communications Technology (ICT); infrastructure, logistics, and energy development; and other consumer goods and services.    

The chief executive officer of Madrid-headquartered Dorna Sports, Carmelo Ezpeleta, has lauded Qatar for its bid to host the first carbon-neutral FIFA World Cup: The much-anticipated football tournament, which is expected to draw millions of fans and visitors to the country by the end of November this year. Ezpeleta was among the distinguished speakers at the 2022 edition of the Qatar Economic Forum, Powered by Bloomberg, held in Doha. In this two-part exclusive interview with Gulf Times, he elaborates further on some of the major points that he discussed during QEF 2022, such as the shift to sustainable fuels and e-bikes, as well as the success of the World Cup in Qatar. Gulf Times: During the Qatar Economic Forum, Powered by Bloomberg, you reiterated announcements made in 2021 that MotoGP will start moving to sustainable fuels in 2024. Kindly elaborate briefly about your journey towards sustainability and how this decision will have a positive impact on the sport. Ezpeleta: MotoGP has a vital role to play in the world’s push towards sustainability and our move to sustainable fuels is a cornerstone of the sport’s future. Our new era of zero-carbon fuels means we will only use fuel of 100% non-fossil origin from 2027. The first step towards this goal will come in 2024, using fuel of a minimum of 40% non-fossil origin. Billions of people rely on two-wheeled transportation and as the pinnacle of two wheels, MotoGP is the top of this pyramid. We are in the perfect position to drive progress and innovation throughout the sector, working with all our partners and stakeholders to put sustainability top of the agenda. MotoGP is a testing ground where we can help shape a more sustainable future for the whole planet, not just our sport. We can create this positive change and it will then become a tangible change for billions of people. That is true more generally as we work to spread the popularity of two wheels – which is already the most sustainable form of powered transport – and work with partners such as Michelin in their mission to revolutionise the world’s tyres. The same is true of sustainable fuels as its own initiative. Our new era is built on sustainable, drop-in fuels with no single proprietor, meaning greater accessibility and real change for people on the street. Being able to create this positive impact then creates a huge positive impact on the sport itself. It’s that rarest of races: One where everybody wins. Aside from sustainable fuels, you also mentioned plans to achieve carbon neutrality (as well as producing “100% MotoE bikes”). Congruent to these above-mentioned plans is Qatar’s announcement to host the first carbon-neutral FIFA World Cup. What is your opinion on Qatar’s aspirations to deliver this mega-event in a sustainable manner? It’s something incredibly positive. This is how real change is created – everyone; every sport, country, company, and person doing their part to maximise their positive impact. Together, all these positive actions create a domino effect in the wider world and inspire us all to keep looking for ways to improve and create positive change. How successfully do you anticipate this event will turn out considering the world-class stadiums and other related infrastructure that Qatar had built for the World Cup and for future sporting events? During our history of racing in Qatar, we have come to anticipate success and I can only imagine the same will be true of the World Cup. Our experience of Lusail is of a world-class facility, and I expect the infrastructure and facilities built for the World Cup will be no different for all the competitors and attendees. Are you anticipating that more countries, as well as other stakeholders and major players, to follow suit and gravitate towards organising net-zero sports events in the future? Yes. None of these initiatives exist in a vacuum, and I expect to see these positive changes only grow in their scope and influence. Our philosophy is one of racing together; that’s how MotoGP pushes to create positive change, and it’s true of the wider world too. Whether in direct collaboration or healthy competition, everything comes together to create this positive domino effect. And it has to begin somewhere – with pioneers and innovators taking the first steps to inspire that growth to spread.    

Aura Group has announced that it is slated to open 36 new restaurants in Qatar, thus providing more dining options for citizens and residents, as well as for the fans and visitors during the 2022 FIFA World Cup. Naveed Dowlatshahi, Aura Group CEO, made the statement during a special event held recently at Orient Pearl Restaurant along the Corniche. The event gathered and familiarised key players in the country’s hotel concierges and travel agencies sector with the new high-end dining options and to establish a beneficial collaboration in promoting the brands during and after the World Cup. The new brands will be spread across three main destinations: Lusail Boulevard, Al Maha Island, and Hamad International Airport, featuring a mix of Aura’s most successful homegrown concepts and world-famous brands, such as Nammos beach club, the Mykonos beachside restaurant; Zuma for contemporary Japanese cuisine; Em Sherif, fine dining Oriental cuisine; Billionaire Doha, the luxury dining and extravagant show concept paired with nightlife; LPM French Mediterranean and Niçoise Restaurant; Carbone, an Italian-American restaurant; Beefbar Steakhouse; and Tatel for Spanish-Mediterranean cuisine. The group is also set to open outlets of other notable concepts, such as Rossopomodoro, Streetery, Concept by Lemon Butter, Han Shi Fu, Pura Vida, Maia Lounge, Maia Café, Maia Boutique, Moka Caffe, Belhambar, and many more, in various iconic venues, including Mall of Qatar, The View Hospital, the Korean Medical Center (KMC), Qatar’s newest state-of-the-art medical facilities, and Doha Corniche. These globally-renowned restaurants will cater to the growing demand for upscale and international food outlets to satisfy the gastronomic taste of guests before, during, and after the 2022 FIFA World Cup. The internationally-admired brands will serve as motivation to attract more visitors from abroad and bring an amazing new experience to the market. Aura Group is the leading F&B and entertainment company in Qatar. Within a short period, the group has developed a diversified portfolio of both local and world-leading signature brands. Through its commitment to excellence, Aura Group has continued to deliver a world-class and prestigious experience, earning it an enviable position as a leading operator within Qatar and beyond. Dowlatshahi said: “We are excited to enrich Qatar’s dining offerings with the opening of new high-end and most sought-after restaurants carefully selected from award-winning brands from across the globe. We always strive to ensure that Qatar’s hospitality and entertainment industry continually see a deserving expansion that is corresponding with the fast-pacing development the country is witnessing in various sectors in anticipation of the 2022 FIFA World Cup, the first to be held in the Arab region. With its expansive portfolio, Aura Group is all set to satisfy the culinary and entertainment needs of football fans coming to Qatar from different parts of the world during and after the tournament.”    

Trade and economic co-operation between Qatar and Ukraine “have significantly intensified” over recent years, said Ukrainian ambassador Andrii Kuzmenko, citing data from the State Statistics Service of Ukraine. Kuzmenko said the total volume of foreign trade (goods and services) between both countries in 2021 stood at “$178.9mn,” “which is the largest figure in the history of Ukraine-Qatar diplomatic relations.” Speaking to Gulf Times yesterday, Kuzmenko said the volume of trade in goods “increased significantly” and reached “$166.71mn.” At the same time, the volume of exports to Qatar amounted to “$148.03mn,” while the volume of imports of Qatari goods stood at “$18.68mn.” “The positive balance for that period is worth $129.55mn,” the ambassador noted. Kuzmenko said bilateral trade in services between Ukraine and Qatar “is relatively low.” However, in 2021, there was a slight increase, mainly due to the renewal of transport services, which amounted to “$12.19mn.” “The export of services to Qatar amounted to $6.44mn. Imports to Ukraine amounted to $5.74mn. The positive balance for Ukraine is $704,000,” Kuzmenko pointed out. Trade between both countries “took off on a positive note” at the beginning of 2022, the ambassador emphasised. “Exports to Qatar constituted up to $4.88mn, while imports from Qatar stood at $1.39mn in January 2022. Of course, the delivery of commodities was almost fully terminated due to the blockade of the Ukrainian seaport after the war with Russia began,” he explained. Kuzmenko said: “According to results in 2021, despite the restrictive measures taken by the Qatari government and certain changes in trade policy aimed at combating the spread of the coronavirus infection, a positive trend towards bilateral trade in goods is preserved.” In 2021, Ukraine’s exports to Qatar comprised the following goods: ferrous metals (54.3%), ‘different items’ (17.6%), fats and oils (12.8%), food industry residues (4.2%), ferrous metal products (2.9%), and milk and dairy products. Ukraine’s imports from Qatar in 2021 were plastics, polymeric materials (78%), organic chemical compounds (13.9 %), and products of inorganic chemistry (7.9 %). “The establishment of the Joint Commission on Economic, Trade, and Technical Co-operation between the governments of Ukraine and Qatar brought strong impetus towards the acceleration of trade between the two states, and the deepening and intensification of business and people-to-people ties. “Both sides have agreed on the key areas of cooperation and mutual interest. The second session of the joint commission took place in August and September 2021 in Kyiv. Both sides confirmed to conduct the third session of the commission in 2023,” he said. Kuzmenko said the “most successful achievement so far” in the development of investment cooperation between Ukraine and Qatar is the agreement signed between the Ministry of Infrastructure of Ukraine, the Ukrainian Sea Ports Authority (USPA), and Qatari company QTerminals for the concession of the Ukrainian port, Olvia. The official signing ceremony took place on August 20, 2020, via video conference. Under the agreement, QTerminals will invest about $140mn to develop the port over the next five years, he noted. Kumenko added: “Qatar’s role in humanitarian relief and development is quite remarkable, and this is the right time to think about post-war reconstruction and development. “And we believe that the achieved level of bilateral co-operation in the field of trade and economy will be restored after the war, and this will demonstrate new high record levels. Along with this, Qatar is welcome to participate in the implementation of various post-war reconstruction projects to rebuild Ukraine's civilian infrastructure.”  

Indian companies are keen to support and play a significant role in Qatar’s economic diversification, said Indian ambassador Dr Deepak Mittal, who stressed that “it is a joint commitment” between Indian and Qatari businesses “to promote and keep up the pace.” “Many Indian companies are looking to participate in Qatar’s own vision of economic diversification,” the ambassador told reporters on the sidelines of ‘India Utsav 2022’ hosted by LuLu Hypermarket Ain Khaled branch. Mittal said, “Many new companies have registered in the Qatar Financial Centre and also in the free zones, so I'm sure we are seeing an upper movement as Qatar also undertakes its journey for economic diversification to look at new opportunities.” As one of the “fastest growing economies in the world,” Mittal said India’s quick recovery from the economic and social impact of the Covid-19 pandemic has led to many opportunities with Qatar. “We have efforts to link up the private businesses on both sides, to set up a business council between India and Qatar, organise more events and exhibitions where businesses can come and showcase their products, and hold special festivals. “During the visit of India’s vice president, we had the India-Qatar Economic Forum, which gathered a wonderful participation from both sides; more than 40 Indian business houses were present at that time, and that kind of business exchange is something which we are looking to develop further,” Mittal explained. He also stressed that both countries are focusing on how to create a strong network for small and medium-sized enterprises (SMEs) from India and Qatar to ensure robust ties between both countries. “This is an opportunity to discuss manufacturing capabilities, so I'm sure there's a lot of scope and we're working together on these efforts,” Mittal emphasised. Mittal lauded LuLu Group for organising ‘India Utsav 2022’, which is simultaneously being celebrated in all LuLu Hypermarkets across Qatar and in other outlets in GCC countries. “It's a very special moment for every Indian to be celebrating the 75th anniversary of India’s independence, and LuLu has been a very important part and parcel of promoting ‘brand India’ here and in the GCC. “LuLu has been playing a very important role in terms of contributing to the food security of Qatar, so during some challenging times over the past few years, LuLu has stepped up and contributed immensely,” Mittal stressed. He also said the 2022 FIFA World Cup is an opportunity for the Indian expatriate community in Qatar to express support for this international event, which is slated this November and December. “Considering the uniqueness of the World Cup, every Indian here is supportive of the efforts of their host country, Qatar, to have a very memorable and unique World Cup. There's a lot of support. Over 50,000 Indian volunteers have registered and are also looking at how they can promote cultural diversity and participate in the cultural mill. “I'm sure that the 2022 FIFA World Cup will produce thousands of Indian fans who will come here and see for themselves how Qatar is progressing and the opportunities that it will showcase to them, and I'm sure that it will also enable further exchange of people and tourism between the two countries,” Mittal added.

Leveraging technology is among the essential components that companies specialising in food retail and distribution must consider when taking into account environmental, social, and governance (ESG) goals, a top official of LuLu Group International has said. In the report ‘ESG Intelligence: Qatar’s Sustainable Economic Transition’, Dr Mohamed Althaf, director of LuLu Group International, emphasised that it is important that companies’ wider business targets are aligned with ESG goals. “As such, it is necessary to implement an ESG framework that complements and strengthens existing business units,” Dr Althaf stressed in the report, which was produced by Oxford Business Group (OBG), in partnership with LuLu Group International. Dr Althaf said: “Corporate strategists must consider how ESG goals can be adapted to meet the requirements of the local market and dovetail with the national economic development plans of the countries in which they operate, such as Qatar National Vision 2030. “Another key consideration is the creation of a cross-functional ESG policy committee for strategic guidance, alongside a core implementation team involving operational heads, engineering and project departments, public relations and supply chain managers.” Dr Althaf also pointed out that “food retailers have been one of the first movers in capitalising on the potential of smart technologies such as automation and the internet of things.” He noted that companies can also utilise technology in reducing food waste and monitoring stock losses. “New cloud-based shipment tracking solutions can help businesses ensure product freshness and effective cold chain management of shipments, as well as help with the traceability of products. Artificial Intelligence is enabling retailers to make accurate demand predictions which, in turn, makes supply chain management more efficient,” Dr Althaf explained. He also underscored the importance of effective public-private collaboration in the strengthening of food security and product safety. “For example, private companies and government authorities can deepen their partnerships in the strategic storage of essential food products to mitigate food security challenges during periods of disruption in global supply chains. “There is also scope for further collaboration in research to develop new production techniques and more resilient food systems. In addition, the government can work with the private sector to establish food technology parks, which could help to attract more global food companies,” Dr Althaf stressed. He added: “Empathy, kindness, and trust are key leadership qualities in the modern business environment. Leaders are required to encourage collaboration across their organisation and make quick decisions effectively, while communicating complex and sometimes uncomfortable problems to key stakeholders.”

With government support, alongside private sector participation, Qatar is ready to host the 2022 FIFA World Cup this November and December, a top Qatar Chamber official has said. Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari made the statement on the sidelines of ‘India Utsav 2022’, an event held recently at LuLu Hypermarket Ain Khaled branch to celebrate India’s 75th Independence Day where he emphasised the part being played by LuLu in further developing Qatar-India bilateral trade. On Qatar Chamber’s role in mobilising the private sector for the preparations needed for the World Cup, which is less than 100 days away, al-Kuwari said that in the past several years the chamber has been “working hard” with the different local and international companies that want to participate in the building of different mega infrastructures, such as roads and football stadiums, as well as other projects and activities related to the tournament. “The chamber has also been very supportive in assisting the government’s efforts all its efforts related to this world-class sporting tournament. So far, everything looks promising and okay. This is a huge event for Qatar but we are sure of the government’s efforts to ensure the success of this event,” al-Kuwari told Gulf Times. The tournament, which is the first-ever World Cup to be staged in the Arab world, is not only expected to cement Qatar’s position in the global hub for sports, it is also seen as an event that will stimulate the local economy with the influx of millions of fans and tourists. On measures that would boost the country’s trade with India, al-Kuwari said LuLu has been playing a key role in enhancing Qatar-India trade. “We are happy to see more Indian products, which cater to the needs of the large Indian expatriate community in Qatar,” al-Kuwari noted. Al-Kuwari also lauded LuLu for its major contributions to the local market. He said the hypermarket chain has been offering a wide selection of products at affordable prices. He also noted that LuLu outlets are strategically located across different communities in the country, making them accessible to many customers. “We are proud of LuLu in Qatar and we support them like they are part of our family,” he added.

On the back of robust bilateral relations, Qatar-India ties continue to strengthen across all sectors, a top official of LuLu Group has said, citing India as a “soon-to-become” $5tn economy and global powerhouse by 2024-2025. Speaking to Gulf Times on the sidelines of LuLu’s recent celebration of ‘India Utsav 2022’, which commemorates the 75th anniversary of India’s Independence Day, Dr Mohamed Althaf, director of LuLu Group International, noted that collaboration between Qatar and India has been benefiting both economies. “Qatar’s contribution to India’s domestic growth is also very huge, first, in terms of investment, and second, from an energy security perspective, Qatar is helping to fuel the fast-growing needs of India, so there’s a huge collaboration. “And we are very happy that LuLu is placed very comfortably between these two countries now both in terms of our reach and also in terms of our understanding of these two markets,” Althaf explained. He said India’s efforts to address the food security concerns of Qatar play a significant role in providing the needs of not only the Indian community here but also of Qatari citizens and other expatriate residents in the country. “India has increasingly become a major supplier, especially when there are extraordinary geopolitical crises, as well as logistics challenges. But India has emerged as a very reliable and very consistent supporter of the food security needs of Qatar and other countries in the region. “Access to the Qatari market has helped us mitigate a lot of other challenges that have happened in the region by supplying important commodities like grains, fruits, and vegetables from India,” Althaf pointed out. Compared to five years ago, Althaf noted that Qatar and India have also grown closer in terms of collaboration with the presence of more shipping routes. “This direct relationship between Qatar and India right now is helping us to enhance bilateral trade,” he emphasised. With less than 100 days to go for Qatar to host the 2022 FIFA World Cup, Althaf said he believes all the necessary preparations for the tournament “are actually done now,” adding that “there may be last minute minor adjustments that we have to make from our perspective.” “And I'm sure that most of the traders in the country and all the institutions are now ready to receive guests. We are very confident that LuLu is in a very good position to meet the food requirements of any nationality that will come here – whatever dietary preferences or restrictions they have, we are fully prepared. “We will always tell them that this is not only going to be a celebration of football, but at the same time, it is also going to be a celebration of the diversity and the kind of cuisines and food that we could offer to all our guests,” Althaf stressed.    

LuLu Group on Monday held the first-ever simultaneous region-wide launch of its celebration of India’s 75th Independence Day – ‘Azadi Ka Amrit Mahotsav’, under the tagline ‘India Utsav 2022’. At the same time, LuLu also launched its popular Indian Independence Day festival ‘India Utsav’ across all LuLu stores located in other Gulf Co-operation Council (GCC) countries. Indian ambassador Dr Deepak Mittal inaugurated the festival in Qatar, at LuLu Hypermarket Ain Khaled branch in the presence of many dignitaries, including, Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari, Sheikh Mohamed bin Ahmed M A al-Thani, Abdulla al-Kuwari, Ibrahim al-Malki, and Dr Mohamed Althaf, director of Lulu Group International. In his speech during the event, Dr Mittal lauded LuLu’s Hypermarket’s initiative in organising an Indian festival across all LuLu outlets in Qatar and in other GCC countries. “It is a very special moment for every Indian citizen to be celebrating the 75th anniversary of India’s independence. LuLu has been playing an important role in promoting Indian brands in the GCC,” said Mittal. He noted that Lulu has been playing a major role in supporting food security in Qatar, “especially during challenging times in the past few years.” “The festival is showcasing a variety of products, which have been imported exclusively from different parts of India, ranging from the northeast and southeast,” he said, adding that the festival is showcasing various food items, including fruits, organic vegetables, millets, and other plant-based protein products that are suitable for vegans. Speaking to the media on the sidelines of the event, al-Kuwari said Lulu Hypermarket is offering a wide range of Indian food items during the festival, including fruits and vegetables, among others, “in very nice packs.” “LuLu Hypermarket is very famous for its promotions and for offering products at competitive prices. It always offers something new to its customers. We are grateful to LuLu for supporting our local market,” said al-Kuwari. Dr Althaf also noted that the festival aims to celebrate Indian culture on the occasion of the 75th anniversary of India’s independence. “Being a major player in Qatar-India relations, LuLu Hypermarket is taking this opportunity not only to promote Indian products but to enhance trade and cultural relations, as well as cuisines,” said Althaf. He said diplomatic relations between Qatar and India span 50 years, “bringing the two countries closer.” According to Dr Althaf, many new shipping routes have been opened in the past five years. “Now we have direct trade relationships between Qatar and India, which would enhance further trade ties of the two countries,” he stressed. On Qatar’s food security, Dr Althaf said India is playing “a very major role” by exporting large quantities of food items to the benefit of everyone in the country. “This is one of the major events we are hosting in this new LuLu Hypermarket branch. The festival-related offers are available in all the 18 stores in the region,” added Althaf. LuLu has been celebrating the festival under the same theme for two decades, aligning the event with India’s Independence Day to celebrate the diverse culture and heritage of India, and to highlight the unique quality and richness of Indian food products. LuLu, which has a strong Indian network of food processing and logistics centres for exporting bulk products to Middle Eastern countries, has flown in many exclusive Indian products for this “well-loved and immersive” shopping festival that showcases a wide range of food products, agri-produce range with fresh fruits and vegetables, as well as meat and seafood. LuLu chefs have created a huge range of authentic specialties, desserts, and street food delicacies in the hot food section. To complete the Indian culture experience, trendy high-street fashion and a curated collection of designer wear for festivals are also available. This year, LuLu is highlighting more than 3,500 products in different categories imported from India for promotion. They include fruits, vegetables, meat, packaged food products, kitchen essentials, and traditional wear like sarees and churidars. A wide range of fresh hot food dishes is prepared daily. The festival also offers shoppers the opportunity to enjoy the taste of authentic Indian cuisine, such as LuLu’s delicious biryanis, mouth-watering curries, popular street foods, traditional sweets, and other delicacies that are available at the most affordable prices. Other key festival highlights include a special stall to promote Indian handicrafts, silk and handloom items, and Kashmir products, among others. The Indian food festival will also showcase different state cuisines and snacks. Shoppers will also be treated to cultural shows and competitions. India Utsav promotions are available at all LuLu Hypermarkets and online via www.luluhypermarket.com. Ends    

A South Korean food manufacturer is currently in discussion with potential companies in Qatar and its Gulf Co-operation Council (GCC) neighbours that have expressed interest in its automated vertical farming technology. Nongshim is South Korea’s leading instant noodles and snack manufacturer, and a global name in the food and beverages market, according to Y J Bae, manager at Nongshim. He said, “Nongshim is a conglomerate with all the essential subsidiaries to be the leader in its field. By identifying key elements, Nongshim is making vertical farming less human-intensive and easier to maintain through its subsidiary, Nongshim Engineering.” As Qatar progresses towards establishing vertical farms, Nongshim is keen to play a key role in providing vertical farming technology to interested entities, as well as the training of personnel, Bae pointed out. “In the near future and with the right collaboration with local entities, a training centre could be established to address the education and training needs of the people in the region. “Our training is done on-site with actual professionals to help trainees experience the actual day-to-day operational experience necessary to properly manage a vertical farm. We have an exclusive programme where one will need to pass the qualifications to be a Nongshim-certified vertical farmer,” Bae explained. He said, “While everyone is talking about vertical farming and its benefits, at Nongshim, in co-operation with Star Farm Enterprise in the US, we would like to provide education and training to help find talent and certify them to be key players in any vertical farms that would be set up in Qatar, the Middle East, or anywhere in the world.” Bae noted that the discussions with Qatari and GCC companies are a follow-up to talks held during the ‘9th Qatar International Agricultural and Environmental (Agritech and Envirotech) Exhibition 2022’ where several Qatari officials requested their South Korean counterparts to support Qatar in terms of advanced vertical farming technology. Earlier, Bae told Gulf Times that agriculture was among the key topics of the meeting held between HE the Prime Minister and Minister of Interior Sheikh Khalid bin Khalifa bin Abdulaziz al-Thani and South Korean Prime Minister Kim Boo-kyum in Doha in March this year. “Currently this programme will be initiated for Nongshim clients while they wait for their vertical farms to be ready. Nongshim is part of a consortium that has been awarded the first smart farm project in Oman by the government’s smart farm initiative,” Bae noted.

HE the Minister of Transport Jassim Seif Ahmed al-Sulaiti and HE the Minister of Commerce and Industry Sheikh Mohamed bin Hamad bin Qassim al-Thani witnessed Saturday the arrival of the first vessel at the Strategic Food Security Facilities (SFSF) Terminal located at Hamad Port. The vessel was loaded with two LHM 280 mobile harbour cranes and their accessories after German company Liebherr completed their manufacture. The event signals the countdown to the operating of the State’s SFSF at Hamad Port as scheduled. The arrival of the vessel, which was loaded with two LHM 280 mobile harbour cranes and their accessories, signals the countdown to the operating of the State’s Strategic Food Security Facilities at Hamad Port as scheduled. PICTURE: Thajudheen HE the Minister of Transport Jassim Seif Ahmed al-Sulaiti, HE the Minister of Commerce and Industry Sheikh Mohamed bin Hamad bin Qassim al-Thani and other officials during the arrival of the first vessel at the Strategic Food Security Facilities (SFSF) Terminal located at Hamad Port. PICTURE: Thajudheen “The total percentage of work progress carried out at the site of the project, which the Ministry of Transport was charged with overseeing its construction, exceeds 93%. In addition, the documentation for the facilities’ operator has been prepared in cooperation with an international consulting firm in accordance with best practices in this field, and in conjunction with the committee for following up on the implementation of food security policies in the government and private sectors,” HE al-Sulaiti said. He noted that he was proud of such a high percentage of work accomplished despite the repercussions associated with the Covid-19 pandemic, which affected several economies around the world directly and indirectly, as well as contractors of megaprojects and suppliers. The ship at Hamad Port. PICTURE: Thajudheen He said the construction of the State’s SFSF follows the best global standards and manufacturing practices and deployed the latest technologies to raise the capabilities of storage, packing, transportation, and handling operations. For his part, HE Sheikh Mohamed said: “This vital project comes in line with the Qatar National Food Security Strategy, and will contribute to enhancing the State’s reserve capabilities, as well as securing, strengthening, and developing the strategic stock system for food, consumer, and catering goods. “This feat would further consolidate Qatar’s position as a regional leader in the area of strategic stock sufficiency, and reaffirm its ability to achieve food security and meet its people’s needs.” He added that Qatar has launched many initiatives aimed at implementing integrated mechanisms that would enhance and raise its strategic stock, and support its development of food security policies, especially since the latter is key to the State’s security and economic independence. The LHM 280 is designed for rapid, versatile and efficient cargo handling up to a maximum lifting capacity of 84 tonnes and a 40 metre maximum radius for multitasks and necessary usage in operations. Nabil AlKhaldi, executive director of the Hamad Port Project, said the LHM 280 is the right solution for all cargo rapid handling needs for food products, such as containers, general cargo, bulk materials, or heavy lifts. It also features a special multi-axle undercarriage system, superior cruciform supporting base, Liebherr Litronic crane control and management system, an ergonomically designed operator’s tower cabin and a unique Liebherr anti-corrosion treatment. Further, each crane is equipped with a headset telephone system, a generator, a central lubrication system, a video monitoring system, an anti-collision system for the jib, a lightning rod and aircraft warning lights. The SFSF project at Hamad Port, which stands on a 53-hectare area with an estimated cost of QR1.6bn, supports the country’s self-sufficiency plans and aims to create sustainable development for the coming generations. It is also a new addition to Hamad Port’s record of achievements, thus boosting its huge potential capabilities, modern facilities, and advanced systems for increasing Qatar’s trade with the world. The set plans to complete the development and readiness stages of the SFSF have taken into account the latest and most advanced methodologies. The facilities constitute an independent terminal with a docking berth of 575m (quay wall) in length and 12.5m in depth; standalone and fully functional for unloading, storing, loading, transporting, processing, refining, and packing preparation of three main food commodities: sugar, rice, and edible oils; and includes a production line for animal feed ingredients. In addition, this project is unique within the region with a storage capacity for a period of two years for the three main commodities, as it contains silos for long-term storage and huge warehouses with infrastructure and exceptional equipment to maintain such storage capacity to meet the needs of 3mn people, in accordance with relevant international standards.

Qatar has been witnessing positive developments among startups that are focusing on the sports sector, an official of the Investment and Promotion Agency Qatar (IPA Qatar) has said. Speaking to Oxford Business Group (OBG) on the opportunities that Qatar has gained as the host of the 2022 FIFA World Cup, IPA Qatar CEO Sheikh Ali al-Waleed al-Thani emphasised that prior to the tournament, which will be held in the latter part of the year, the country had already proven its capability to host large international events. He also noted that the Qatari government implemented a series of mega-infrastructure projects, such as sports stadia and the expansion of the Hamad International Airport, as well as the development of hotels and tourism-related facilities. “The upcoming football tournament will undoubtedly help draw more international attention to Qatar and will consolidate the country’s longstanding efforts to become a centre for sports, tourism, and culture. “There has also been significant progress related to entrepreneurial and startups involved in sports. We remain confident that hosting the event will have a positive effect on Qatar’s long-term economic growth prospects,” said Sheikh Ali in OBG’s ‘The Report: Qatar 2022’. In sectors that have the most potential to support growing levels of foreign investment, Sheikh Ali pointed out that the pandemic hastened digital transformation in economies worldwide. “Qatar is no exception, and this shift has been aided by pre-existing efforts and investments made by the government in this area in recent years. These factors have supported several areas of growth, key among them is ICT. The industry’s development is gaining traction and attracting both local and foreign investors, especially in emerging segments, such as artificial intelligence, data analytics, cybersecurity, machine learning, and the Internet of Things. “Another promising area is the domestic food and agro-processing industry. We have seen remarkable development in this area in recent years, which bolstered Qatar’s self-sufficiency in food and, in turn, minimised the country’s reliance on imported food,” Sheikh Ali said. According to Sheikh Ali, the healthcare sector is also attracting significant international interest, supported by Qatar’s advanced healthcare infrastructure. Building on this, he stressed that there are opportunities for expansion in promising segments, such as medical tourism. “Similarly, the logistics sector continues to perform at international standards. We have one of the largest seaports and busiest airports in the region. These two facilities have proven to be a key driver of growth for the local logistics industry and the broader economy. “Moreover, Qatar is making strides in advanced manufacturing through the use of technology to increase productivity and sustainability. The value proposition of companies operating in this space is very attractive, thus presenting notable opportunities for investment,” Sheikh Ali stated.

Qatar has been steadily cementing itself on the global tourism map by leveraging a strong focus on various leisure activities being offered across the country, an official of Raffles and Fairmont Doha has said. The country’s entire hospitality sector is fully-committed to supporting Qatar Tourism’s aim to increase the number of visitors to 6mn by 2030, according to managing director Christian Hirt. “Hotels in Qatar, including the Raffles and Fairmont brand, are working closely with Qatar Tourism, which has been a wonderful and supportive partner in spreading the word about the country’s hotel industry,” Hirt told Gulf Times in an interview. Hirt also pointed out the need to further promote the “diverse and interesting experiences” that Qatar is offering to visitors. “We have great museums and we need to further develop other activities like ‘the whale sharks of Qatar’ and activities for the younger generation, such as kite surfing, among others. “The desert and inland sea are beautiful, and a lot can be developed around this, so all of these will help make this destination even more attractive in the future,” Hirt emphasised, citing some of the wide range of leisure activities in the country, which would-be visitors could explore at the Visit Qatar website when booking trips here. According to Hirt, Qatar’s hotel and hospitality industry has witnessed “a significant amount of development” in the past years. “This is very important because a lot of hotels here will focus on marketing not only of their respective facilities but also the marketing of various destinations in the country, which translates to added value. “There is amazing infrastructure here. There is a strong focus on leisure facilities right now,” Hirt pointed out, citing the rise of different touristic destinations in Lusail and West Bay, among other areas across the country that would help drive leisure tourism into Qatar. He said, “If we all work together towards achieving the goals of the Qatar National Vision 2030 to bring up the tourism number to 6mn, the mega projects that were delivered and that are still being built will all help to drive leisure tourism to Qatar. “As for the World Cup, Qatar would gain a great reputation of being not only a wonderful host but having the right infrastructure for other mega events that could be hosted by the country in the future.” On the role of Raffles and Fairmont Doha in Qatar’s tourism sector, Hirt reiterated: “We are bringing a lot of innovation. In general, the overall focus was on innovation, and there was a lot of creativity that went into this project. “Certainly, across the board, this is a destination that will drive significant awareness in the future, not only for Raffles and Fairmont as a brand but particularly for Qatar. The Raffles and Fairmont will be one of the most iconic hotel destinations in the world and I think this would be very beneficial to the country’s tourism industry.”

Various commitments to fighting climate change have positioned Qatar at the forefront of sustainability initiatives, particularly in major areas of urban planning, transportation, energy, and ESG reporting, according to a report from Invest Qatar. In ‘Road to ESG Investing: Financing Sustainable Growth in Qatar’, the Investment Promotion Agency Qatar (IPA Qatar), the agency overseeing investment promotion activities under the Invest Qatar brand, stated that the country has achieved major milestones in urban planning, among other areas. These include the hosting of the first carbon-neutral FIFA World Cup, development of Lusail and Msheireb townships, adoption of Global Sustainability Assessment System standards in buildings, and the efforts of Public Works Authority (Ashghal) in waste recycling, emission monitoring, tree plantation, and reclamation projects. In energy, some of the milestones include Qatar Petroleum’s transition to QatarEnergy, the establishment of the 800MW capacity Siraj solar power plant, the Tarsheed programme of Qatar General Electricity & Water Corporation (Kahramaa), and the technological innovations by Qatar Solar Technologies (QSTec) and Qatar Science & Technology Park (QSTP). Similarly, in transportation, the then Ministry of Transport and Communication (MoTC) plans to have 25% of total public buses go electric by 2022, Kahramaa’s establishment of 400 electric vehicle charging stations by 2022, and the Doha Metro’s transformation into the backbone of Qatar’s public transportation system. This also includes Lusail and Education City trams offering eco- and user-friendly commuting options, electric tractors with zero-carbon emissions for Hamad Port, Hamad International Airport’s efforts towards achieving 30% carbon efficiency, and Qatar Airways’ achievements in waste reduction, biodiversity, and energy consumption. In ESG reporting, the report mentioned the release of ESG guidance by Qatar Stock Exchange (QSE), the launch of Qatar Sustainability Platform to monitor publicly listed companies, and the MSCI QSE 20 ESG Index, as well as plans for mandatory ESG disclosures for public companies. “The driving forces of Qatar’s national development – National Vision 2030 and the National Development Strategy 2018-2022 – rest on fundamental pillars of environmental and social development. The recent launches of the National Climate Change Action Plan 2030, National Environment and Climate Change Strategy 2021, and the setting up of a dedicated Ministry for Environment and Climate Change further strengthen Qatar’s commitments to fighting climate change on a global scale. “Qatar has also been a signatory to all major international agreements and conventions related to sustainable development. In 2021, the country has submitted its Voluntary National Review for UN SDGs and enhanced Nationally Determined Contribution targets for the Paris Agreement, a non-binding national plan highlighting climate action. For example, the National Climate Change Action Plan is the most ambitious in the region and sets major targets for the state including a 25% reduction in greenhouse gases by 2030,” the report stated.

Qatar’s gold market is steadily witnessing an upward sales trend in the lead-up to the country’s hosting of the 2022 FIFA World Cup, which is slated from November 21 to December 18. While the summer months are considered off-season as schools are closed, temperatures are high, and many people are out of the country on vacation, Shine Gold & Diamonds marketing head – Gulf Region Sameer Adam told Gulf Times Wednesday that there has been a surge in crowds in Doha. “For the coming period, we feel very positive…if you’re getting good business during the off-season, then we are definitely feeling upbeat about the business during the peak season. On top of that, we are expecting many people to travel in for the World Cup,” Adam explained. He said the World Cup is an opportunity to push further growth in the gold and jewellery market. “Many people will be browsing around and visiting a lot of places during the tournament, so there is always a chance for tourists to buy,” he explained. Considering the category of people coming into the country for the World Cup, Adam noted that they would be mostly from the younger age group “who may not be serious gold buyers.” “We are not expecting all of them to buy gold jewellery but at least if, say, 10% of the more than 1.5mn World Cup visitors and fans would be willing to buy, then that is a big quantity. “Naturally, the months of November to February are considered as peak season, but since the World Cup will be attracting more people into the country, it is expected that sales would be really high,” he also said. According to Adam, jewellery shops would be capitalising on the influx of tourists during the World Cup by offering different promotions. He said raffle draws and ‘scratch and win’ promos are usually offered in the winter season, but there would also be different promos related to the World Cup, as well. In the first half of 2022, Adam pointed out that gold sales surged 40% to 50% higher over 2020 and 2021 because of pandemic-related issues that had affected the market in the past two years. “The usual year-on-year growth trend would be around 10% to 15% but because of the Covid-19 pandemic, the market witnessed a slowdown,” he said. Adam also said Ramadan and the Eid holidays are favourite occasions for people to buy gold, irrespective of their religious backgrounds. Peak months for jewellery stores in Qatar are from November to February, while the ‘slack period’ is between June and August, he said. “But in between, if there is Ramadan and Eid, there would be good business during that period. However, during the slack period – when schools are closed and when people are on vacation abroad, we still generate business because when these people travel, they still buy jewellery,” he said. Adam emphasised that it is “definitely a good time” to buy gold in Qatar: “Gold is not just an ornament but it is also an investment any time. If you look at gold prices, the graph usually shows an upward trajectory. It is also easy to liquidate unlike other investments, such as real estate, for example. You can sell gold right then and there.”

Exchange houses in Qatar have recorded an increase in remittance volume in the first six months of 2022 compared to the same period last year. Dr Zubair Abdulrahman, operations manager of Al Zaman Exchange, told Gulf Times Monday that the exchange house posted a 20% year-on-year (y-o-y) growth in remittance volume for H1 2022. He explained that the steady drop in Covid-19 cases and further easing of health and safety restrictions were among the factors in remittance volume growth. “The movement of people is slowly returning to pre-Covid-19 conditions, which greatly benefitted many businesses,” Abdulrahman pointed out. Similarly, Trust Exchange general manager KNS Das said the company witnessed a 10% surge in the total volume for its digital transactions in the first half of the year. “Even month-on-month, we have been recording an increase in activity through our online platforms because of its convenience and ease of use,” he noted. On the other hand, Das said the role of banks in facilitating remittance services had affected remittance volume causing a slight 2% y-o-y drop “as more and more people are utilising digital applications and services, as well as other cashless transactions.” During Eid al-Adha, which was observed last month, Abdulrahman said Al Zaman Exchange witnessed a 22% y-o-y increase in the first half of the year as many residents in Qatar took advantage of the occasion to send money to their respective families back home. According to Das, Trust Exchange saw an 8% growth in remittance outflow from Qatar during this year’s Eid al-Adha. For the summer season, as many residents and citizens went abroad for vacation, both exchange houses saw high demand for the US dollar, euro, and the British pound. Other fast-moving foreign currencies during the period included the Turkish lira, Indian rupees, Saudi riyal, Philippine peso, and Jordanian Dinar. “Not only were the US dollar, euro, and the British pound in demand this vacation season, they were also seen as investments or as a ‘safe currency’ because of their higher exchange rates,” Abdulrahman pointed out. Al Zaman Exchange posted a 40% y-o-y increase in its digital transactions during H1 2022, he said while adding that the exchange house will continue to strengthen its digital platforms and services, as well as to continue offering different promotions to encourage customers to transact business online.

Small-scale companies in Qatar’s construction sector have received contracts worth QR189mn ($51.9mn) as of January 2022 as part of the Ta’heel initiative of the Public Works Authority (Ashghal), an official has said. “We are expecting to award additional contracts worth QR120m ($32.9m), Ashghal president Saad bin Ahmad al-Muhannadi told Oxford Business Group (OBG) in an interview, which was published in its ‘The Report: Qatar 2022’. The Ta’heel initiative was launched in 2018 with the aim to help small-scale companies compete in the local market, as well as in the global market over the longer term. It also provides support to new contractors through training on best practices in project implementation, the report further explained. Through Ta’heel, Ashghal is able to provide continued support to small-scale Qatari contractors working on road improvement projects, thus establishing an enabling environment for local companies to grow, according to al-Muhannadi. “Relying on local materials and manufacturers for most of the authority’s projects, it is expected that the increased opportunities will boost the competitiveness of the local industry over time,” al-Muhannadi told OBG. He said the share of primary local materials used in Qatar has increased from 38% in 2016 to 70% in 2020. The local market has benefited from about QR20bn ($5.5bn) worth of investment in infrastructure projects and building works since 2017, he noted. “Between 2022 and 2027, the value of local materials needed for such upcoming projects is estimated at QR25.6bn ($7bn),” al-Muhannadi also pointed out. On Ashghal’s efforts to raise environmental and social standards in Qatar’s construction sector, al-Muhannadi said that in 202 Ashghal received the ISO certification 45001:2018 for its occupational health and safety management system and ISO certification 14001:2015 for the authority’s environmental management system. Al-Muhannadi emphasised that Ashghal is committed to adopting high standards in environmental protection, recycling, health, and sustainability across all programmes and projects. He said promoting and complying with environmental and social standards is an essential goal in line with the efforts of various institutions towards achieving the objectives outlined in Qatar National Vision 2030. “To this end, the Global Sustainability Assessment System is being implemented in public educational and health buildings, while in 2020 Ashghal’s motorway and road projects used a high proportion of recycled materials, exceeding the 20% target set by the National Development Strategy. “At the same time Qatari companies are being empowered to expand their participation in local infrastructure projects, which is contributing to job creation and human capital development,” al-Muhannadi said. On Qatar’s Public-Private Partnerships (PPP) Law, al-Muhannadi noted that PPPs play a vital role in developing the private sector and will be an important mechanism for future projects. Al-Muhannadi said Ashghal is extending the PPP model across its upcoming projects, in line with Qatar’s efforts to increase the participation of the local and international private sector in the country’s plans. Within the framework of the PPP Law, he said feasibility studies have been co-ordinated with the relevant government entities for some works. “We are also collaborating with the Ministry of Finance and the Ministry of Education and Higher Education to implement the Qatar PPP Schools Development Programme, which will follow international PPP best practices. “As part of the first phase of the programme, in 2021 Ashghal signed contracts to build eight new schools. Overall, 47 new schools are scheduled to be built with the help of private sector participation by 2027,” he said. Al-Muhannadi added: “These projects will benefit from the private sector’s experience in project management and implementation, and knowledge-sharing between the two sectors will be facilitated. The programme will also encourage best practices and efficiency, in addition to supporting economic diversification.”

On the back of its technological advancements in a wide range of sectors, South Africa would be a reliable partner for Qatar in the development of different areas of mutual concern, South African ambassador Ghulam Hoosein Asmal has said. Speaking to Gulf Times, Asmal said: “As developing countries, technology is a sector that both Qatar and South Africa may share. South Africa is the most technologically-advanced country in the African continent.” He emphasised that the technology available in South Africa “is suited for developmental purposes” and “is suited for conditions in Qatar,” citing the exchange of technologies in addressing water scarcity for example. “One area that we are very excited about is agro-processing and new methods related to food security. Food security, which has become a very topical issue today, is caused by both natural causes like climate change and man-made issues, such as the situation in Ukraine, so both have emphasised the need for food security and I think we can cooperate with regard to that,” the ambassador stressed. Similarly, Asmal said South Africa has made tremendous advances in the field of veterinary sciences and agronomics. He said the Onderstepoort Veterinary Institute is “among the 10 best in the world” and is producing vaccines for animals, as well as various technological researches, “so there is a lot of scope for improvement in that area.” According to Asmal, such advancements that South Africa has achieved in this field is reflected in its exports of a variety of high-quality meat to Qatar, such as beef and lamb. He also noted that the proximity between Qatar and South Africa is an advantage for both countries in terms of imports and exports. The ambassador stressed that South Africa also has advanced technologies in the field of hydroponics and how to grow foodstuffs “in the conditions of drought.” He said the seeds and other agricultural materials developed in South Africa “are hardy for harsh conditions.” “In terms of desalination, I believe we are very keen to learn from Qatar about this process and how to use that in South Africa. Our country is uniquely positioned that we have two oceans – the Atlantic and Indian Oceans, so knowing how to use and develop cost-effective ways of desalination to provide water is very important. He noted that proximity, particularly the frequency of flights between Qatar and South Africa, is considered an added value.“We have 31 flights a week between both countries. In Johannesburg alone, there are three flights a day, so I think the infrastructure is there for imports and for quality organic meat from South Africa,” he explained. While meat has been a dominant export commodity from South Africa to Qatar, Asmal noted that there is a need to expand trade exchange to other products, as well, citing other sectors on technology. “Besides agriculture, our banking technology is among the best in the world, so there is also scope for collaboration in this sector. Similarly, there is another great area for partnerships in the IT and services sector. “We have already seen a number of South African teachers here. In fact, the bulk of the South African expatriate population in the country are teachers and professionals. In South Africa’s accounting sector, we have a very credible and vigorous workforce, so there is also great potential for collaboration in that area,” he said. He said other growing areas for collaboration are in environmental sciences and waste management: “I’ve noticed that there is some consciousness about caring for the environment here. Caring is one thing but using scientific and technological advancements to secure a better world for our future is of utmost importance for us.” Asmal added: “South Africa also offers Qatar an opportunity to be part Square Kilometre Array (SKA) project, which is an international effort to build the world’s largest radio astronomy observatory, designed to enable transformational science that will change our understanding of the universe. One of the sites of the powerful SKA telescope that is able to detect very faint radio signals emitted by cosmic sources billions of light years away from earth is located in South Africa.”