Qatar opens its pavilion at Hannover Messe International Industrial Fair

* Qatar pavilion comprises 16 public and private bodies specialised in industrial field

 

Qatar on Monday inaugurated its pavilion at the Hannover Messe International Industrial Fair 2022, as it is keen to consolidate the principles of economic openness and enhance bilateral cooperation with various strategic partners around the world, especially Germany.The pavilion was inaugurated by Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry (MoCI). The event will conclude on June 2.The opening ceremony featured the attendance of several Qatari dignitaries, senior officials, and participating businessmen, as well as many leaders and political figures, and a large number of chief executives of major leading industrial companies around the world.“Qatar’s participation in this year’s Hannover Fair is of great importance, especially as it is the largest international industrial, trade, and investment event, organised physically since the Covid-19 outbreak," al-Khater said.The country's participation also translates Qatar’s desire to build bridges of communication between government and private industrial bodies in Qatar on the one hand and investors and businessmen from around the world on the other, to establish successful investment partnerships.The fair provides an important opportunity for Qatari businessmen, investors and officials of major national companies to learn about the latest innovations and industrial technologies, in addition to comprising a chance for the participating parties to promote their products in new markets, according to him.Organised by the MoCI and spanning an area of about 821sqm, Qatar’s pavilion features 16 government and private sector agencies specialised bodies in the industrial field, including: the MoCI, Investment Promotion Agency Qatar, Qatar Free Zones Authority, Qatar Science & Technology Park, Qatar Chamber, Qatar Development Bank, Qatar Financial Centre, Qatari Businessmen Association, Qatar Mobility Innovations Center, in addition to a number of private companies such as the Qatar Industrial Manufacturing Company, Doha Cables, Q-Tec Switchgear, Snoonu, QTerminals, Suhail Holding Group and Seashore Group.The State’s pavilion also sheds light on the leading Qatari industries and the latest technologies and technological developments in the industrial sector in the country.The MoCI will highlight the characteristics of Qatar’s investment environment, as well as the laws and legislation passed to stimulate local and foreign investment, including the law regulating the investment of non-Qatari capital, and the law regulating public-private partnership.It will also showcase the incentives and advantages that have been provided to investors, such as exempting foreign invested capital from income tax for up to ten years for specific investment projects in many sector; and providing exemption from customs taxes and fees when importing equipment and raw materials.The ministry will also introduce the services provided to investors to facilitate procedures pertaining to investment applications, establishing companies, and completing transactions.Additionally, the pavilion introduces the ministry's role in developing industrial zones, and regulating the process of allocating industrial plots to investors holding industrial licenses.The event includes several dialogue sessions that highlight a wide range of topics such as industrial automation, cloud technologies, digital infrastructure, data management, digital platforms, robotics, information security technology, artificial intelligence, renewable energies, green hydrogen, as well as efficient energy use, CO2-neutral production, digital energy management, and the economy alongside other important areas.