Strongly pitching for foreign direct investments from Germany, the Qatar Financial Center (QFC) on Friday said Doha is a natural starting point for further co-operation with German firms looking to gain entry into the growing Arab economy.
"The QFC’s mandate of attracting more foreign direct investment is a natural starting point for further co-operation with German firms looking to gain entry into the growing Qatari economy," QFC chief executive Yousuf Mohamed al-Jaida told the Qatar German Business and Investment Forum in Berlin.
In its 2017-22 roadmap, the onshore centre seeks to triple FDI to more than QR200bn and hence undertook many roadshows across the capitals in the world.
Highlighting that the QFC platform is already home to several key German firms such as Deutsche Bank and Rödl & Partner Middle East; he said, "We look forward to welcoming more in the future.”
Qatar and Germany have a far-reaching relationship that provides a great foundation for future growth, he said, adding partnering with German businesses has continued to flourish over the years, with Doha witnessing 112 joint Qatar-German businesses with a capital of $339mn.
"These are but a few examples of the longstanding, dynamic economic relationship that exists between Doha and Berlin,” al-Jaida said.
Qatar’s extensive trade relations with Germany amounted to $$2.2bn in 2017, with 7.5% of Qatar’s total imports originating from Germany, making it Doha’s 12th largest trading partner. Qatar has also invested $25bn in vital projects in numerous sectors across Germany, while there are currently 300 German firms operating in Qatar – a testament to the strength of the long-term, bilateral economic relationship between the two countries.
The QFC is an onshore jurisdiction, allowing companies to operate in and from Qatar within its legal and tax environment. The QFC endeavours to promote Qatar as an attractive business destination.
Companies that wish to establish a business in the QFC are guided throughout by a dedicated QFC relationship manager who assists in the process of obtaining a licence and offers support in matters related to operating a business in Qatar.
In its 2017-22 roadmap, the onshore centre seeks to triple FDI to more than QR200bn and hence undertook many roadshows across the capitals in the world.
Highlighting that the QFC platform is already home to several key German firms such as Deutsche Bank and Rödl & Partner Middle East; he said, "We look forward to welcoming more in the future.”
Qatar and Germany have a far-reaching relationship that provides a great foundation for future growth, he said, adding partnering with German businesses has continued to flourish over the years, with Doha witnessing 112 joint Qatar-German businesses with a capital of $339mn.
"These are but a few examples of the longstanding, dynamic economic relationship that exists between Doha and Berlin,” al-Jaida said.
Qatar’s extensive trade relations with Germany amounted to $$2.2bn in 2017, with 7.5% of Qatar’s total imports originating from Germany, making it Doha’s 12th largest trading partner. Qatar has also invested $25bn in vital projects in numerous sectors across Germany, while there are currently 300 German firms operating in Qatar – a testament to the strength of the long-term, bilateral economic relationship between the two countries.
The QFC is an onshore jurisdiction, allowing companies to operate in and from Qatar within its legal and tax environment. The QFC endeavours to promote Qatar as an attractive business destination.
Companies that wish to establish a business in the QFC are guided throughout by a dedicated QFC relationship manager who assists in the process of obtaining a licence and offers support in matters related to operating a business in Qatar.
