Doha – Qatar: The Qatar Monetary Centre (QFC), a number one onshore monetary and enterprise centre within the area, held a enterprise dinner in Washington, D.C., USA, on the sidelines of the Worldwide Financial Fund (IMF) Summit. The dinner was hosted in partnership with the Embassy of Qatar in the US, the US-Qatar Enterprise Council (USQBC) and the US Chamber of Commerce.
The occasion got here as a part of the QFC’s outreach initiatives within the US, geared toward showcasing Qatar as a major enterprise location within the Center East and positioning the QFC as the popular platform to function available in the market. The QFC underlined the intensive funding alternatives in Qatar and its resilient economic system, spurred by diversification efforts and pleasant authorities insurance policies that allow long-term partnerships and innovation.
The occasion noticed the attendance of dignitaries and C-level executives from notable US firms working in varied sectors. It featured eminent audio system, together with Sheikha Alanoud bint Hamad Al-Thani, Deputy CEO and Chief Enterprise Officer, QFC; Fahad Mohammed Al-Dosari, Industrial Attaché, Embassy of the State of Qatar in the US; Scott Taylor, President, US-Qatar Enterprise Council (USQBC); and Khush Choksy, Senior Vice President for Center East Affairs, US Chamber of Commerce.
Led by Mohammed Barakat, Managing Director and Treasurer of the Board of Administrators of USQBC a fireplace chat, that includes Pawel Chudzicki, Principal Managing Director, Miller Canfield; and Jahaan Johnson, Senior Vice President, Citibank; additionally befell throughout the occasion, providing a fascinating dialogue on firms’ success in Qatar.
Sheikha Alanoud Bint Hamad Al-Thani, Deputy CEO and Chief Enterprise Officer, QFC, mentioned: “The US and Qatar share a protracted historical past of strategic partnership and have strengthened this relationship through the years with mutually useful collaborations, enhanced commerce agreements, and energetic authorities to authorities engagements. This enterprise dinner illustrates the QFC’s dedication to constructing on these sturdy ties by facilitating entry for US firms to discover the huge potential funding alternatives in Qatar, a rustic powered by speedy diversification and sustainable financial insurance policies. We’re desirous to see new partnerships and companies coming into Qatar underneath the QFC platform.”
The US and Qatar have stable diplomatic ties spanning over 50 years. That is characterised by a thriving industrial relationship that represents greater than $200 billion in worth throughout industries.[1]
“2022 is one other exceptional yr for the Qatari-American enterprise relationship. Qatari and American firms always set up new partnerships, discover new enterprise sectors, and create and preserve 1000’s of high-paying jobs,” mentioned Fahad Al-Dosari, the Industrial Attaché of the State of Qatar in the US. “US firms can profit from our steady enterprise atmosphere and the unrivaled monetary and regulatory incentives supplied by the Qatar Monetary Centre, in addition to the particular financial zones Qatar has created to realize the diversification targets set within the Qatar Nationwide Imaginative and prescient 2030.”
In his remarks, Scott Taylor, President, USQBC, famous: “The State of Qatar represents one of many world’s most tasty funding locations. US firms will discover it very simple to determine themselves in Qatar together with pro-business reforms, incentives and vital infrastructure to get their enterprise off the bottom rapidly and effectively. The Qatar Monetary Centre is main the way in which.”
“The US Chamber of Commerce’s US-Qatar Enterprise Program is honoured to accomplice with the U.S.-Qatar Enterprise Council to host Sheikha Alanoud bint Hamad Al-Thani, Deputy CEO and Chief Enterprise Officer at QFC, for this dinner at our headquarters in Washington,” mentioned Khush Choksy, Senior Vice President for Center East Affairs, US Chamber of Commerce. “The US and Qatar have an extremely sturdy relationship spanning fifty years, and the financial ties between our two international locations solely proceed to develop with new alternatives for funding and partnership recurrently arising. The QFC has performed a key position in creating these alternatives by serving as a platform for US firms to enter the Qatari market, together with one of many Co-Chairs of our Program Inventus Energy, and we’re grateful for his or her half in serving to to strengthen the US-Qatar relationship.”
Qatar is likely one of the largest overseas buyers within the US and has pledged to speculate over $45 billion within the Western market over the approaching years.[2] Right now, greater than 850 US firms function in Qatar[3] in SportsTech, FinTech, development, engineering, medication and scientific analysis, and different fields.
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ABOUT THE QATAR FINANCIAL CENTRE
The Qatar Monetary Centre (QFC) is an onshore enterprise and monetary centre positioned in Doha, offering a wonderful platform for companies to do enterprise in Qatar and the area. The QFC gives its personal authorized, regulatory, tax and enterprise atmosphere, which permits as much as 100% overseas possession, 100% repatriation of income, and fees a aggressive price of 10% company tax on regionally sourced income. The QFC welcomes a broad vary of monetary and non-financial providers companies.
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