MEC to highlight Qatar investment climate at OIC trade fair in Kuwait

The Ministry of Economy and Commerce (MEC) will showcase Qatar’s investment climate and the draft law that allows 100% ownership on non-Qatari investments, among other topics at the Trade Fair of the Organisation of Islamic Cooperation (OIC) Countries, which will run until February 10 in Kuwait.The MEC also organised a Qatari pavilion, which kicked off its activities at the trade fair on Tuesday. The pavilion gathered representatives from the Qatar Chamber, the Qatar Financial Centre, and the Economic Zones Company (Manateq), along with executives from 13 Qatari private companies.During the event, the ministry will elaborate on laws and regulations governing investment in Qatar such as the draft law on non-Qatari investments, which allows 100% ownership in all sectors, as well as incentives and privileges offered to investors such as tax exemptions on industrial projects.The MEC will also highlight the investment climate in Qatar, as well as facilities offered to investors in terms of streamlining investment applications, and business procedures and eliminating the obstacles that may face investor with relevant parties.Ministry officials will hold meetings with businessmen and potential investors to familiarise them with investment opportunities in Qatar and efforts for the development of a safe investment environment, which positions Qatar as “one of the most attractive countries for investment.”The exhibition will feature 13 private companies offering various Qatari products such as food, paints and dyes, medical solutions, aluminium, iron, furniture, plastic, and agricultural items.Manateq will outline its management of economic and logistic zones in Qatar during a presentation, in addition to clarifying incentives and privileges granted to investors in these areas.The multi-sectoral OIC trade fair entitled ‘Companies and SMEs’, is a forum for businessmen, trade development organisations, and professional associations in the Islamic world. The fair also brings together economic players in member countries to present their products and services, form new partnerships, and ratify commercial deals.