Qatar Free Zones Authority singed a memorandum of understanding with a leading investment firm in the United States to explore opportunities of joint cooperation, during the roundtable meeting which was held on the sidelines of Qatar-US Strategic Dialogue.
The Free Zones Authority said in a statement Monday that the MoU will be implemented in phases include working with two companies in the field of energy solutions, thermal storage, integrated medical nutrition to establish branches for their operations in Qatar's free zones, as well as exploring opportunities for cooperation with companies in the field of lightbulbs manufacturing and others in the field of facilities management services technology.
The Authority said that such agreements provide an opportunity to learn about companies and strengthen the strategic relations, thus attracting companies suitable for the Free Zones and supporting the supply chain to various vital sectors in the country and the region.
During the roundtable, Qatar Free Zones Authority highlighted the benefits offered to local and foreign investors. Deputy CEO of the Free Zones Authority Abdullah bin Hamad Al Misnad explained the quality of services provided by the Free Zones to the various companies and sectors to be attracted in line with the country's strategy for economic diversification.
Qatar Free Zones Authority is currently taking part in Qatar Petroleums landmark Localization Program, "Tawteen", which aims to enhance the energy sectors local supply chain and is expected to create new investment opportunities in Qatar.
The Authority will provide land solutions, tailor regulations, and review business plans to help maximize the success of the program, which will in turn provide a wide range of benefits for companies operating in Qatar.
Source: QNA
Cover image courtesy by Manateq.qa
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