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Posted On: 8 September 2019 09:40 am
Updated On: 12 November 2020 02:05 pm

Brazilian delegation visits Qatar Free Zones

Sumaica Asad
Sumaica Asad
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A high-level delegation from Brazil headed by the President of the Brazilian Chamber of Deputies, Rodrigo Maia, visited the Ras Bufontas Free Zone to explore more investment opportunities and benefits offered to investors at Qatar Free Zones (QFZ).

The delegation was welcomed by Abdulla Al Misnad, Deputy Chief Executive Officer of Qatar Free Zones Authority (QFZA), who briefed them on QFZA's latest projects and activities, as key facilities that have helped in making Qatar a highly preferred investment destination for foreign direct investment from around the world.

Al Misnad highlighted to the Brazilian delegation that the laws and legislations of QFZA are keen to preserve, protect and stabilize investments in the country's free zones. Indicating that the incentives offered by the authority have attracted many business applications from companies looking to operate across various commercial activities, ranging from manufacturing and processing to technology development and import/export activities, as well as establishing offices within QFZ.

During the visit, QFZA hosted a meeting the Brazilian delegation, which included a briefing of the goals and ambitions of QFZ and the opportunities offered to investors in Qatar. QFZA's efforts are aligned with the Qatar National Vision 2030, pursuing sectors where Qatar has a strong value proposition; primarily being in logistics, chemicals, and emerging technologies. Following the meeting, QFZA's technical team highlighted the progress of up and coming projects within the zone, and showcased plans, demonstrating the use of state-of-the-art sustainable technologies at various stages of development.

After the briefing, the delegation toured the zone, its facilities and the advanced logistics services provided to investors, as well the construction progress of various projects that are nearing completion.

QFZA was established in 2018 to oversee and regulate world-class free zones in Qatar and to secure fixed investments within the zones.

QFZA offers outstanding opportunities and benefits for businesses seeking to establish operations and expand regionally and globally, providing quality infrastructure, a skilled workforce, 100 percent foreign ownership, access to investment funds, tax exemptions and partnership opportunities with Qatari entities.

Source: QNA