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Posted On: 10 June 2009 08:51 am
Updated On: 12 November 2020 02:09 pm

World Health Fund eyes investments in Qatar

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Qatar’s economic strength and developmental activities have given a senior delegation of Fonds Mondial de La Sante (World Health Fund) high expectations of forming an alliance with Qatari companies to invest in various projects here. The high-level delegation, led by WHF President Dr Elhamy Elghandour, is in Qatar at the invitation of Dr Naseer Shahir Homoud, CEO and Managing Director of Spanish International and Trading Business Centre (SITBC), The Wall Real Estate Investment and Development and Consultant Dental Center (CDC). The delegates will meet senior functionaries of various companies here to see how Fonds Mondial de La Sante could have business relations with Qatari companies and foreign companies in different arenas, and to get acquainted with investment projects and opportunities in Qatar. They will visit officials of various companies and the Qatar Chamber of Commerce and Industries and several Qatari investors and businessmen to discuss the chances of forming a partnership to implement joint investment projects in Qatar. “We are yet to look into the various openings here,” said Dr Elghandour. “We will focus on electricity, petroleum, cement and many of the major sectors out here. We have projects running in many countries in the region. Our aim is to provide financial and administrative aid, and technical support to health development in the Eastern Mediterranean region.” The fund works on mobilising resources inside and outside the region to finance health projects. It also establishes projects providing the region with revenue that would help attain health development goals. The cost of these projects is met through investment in health and service projects and through grants, aid and donations. The Paris-based autonomous organisation having its regional offices in Egypt and other Gulf countries has vast resources and has tie-ups with top global companies in various sectors. The organisation has sponsored various projects across the world in the fields of petrochemicals and hydrocarbons, education, environment, healthcare, real estate and technological support, besides other fields. It has recently started some projects in Yemen. The delegation is visiting Qatar after being impressed with Qatar’s all-round developmental process and its determination to bring change across the world. The group will visit various ongoing projects in many sectors in Qatar and see the investment opportunities while having deliberations with senior figures. Dr Nasser S Homoud said that within a short span of time Fonds Mondial de La Sante has achieved tremendous success and has earned a reputation across the world for its qualitative efforts and for initiating welfare programmes with good investment opportunities. “The world is still facing the financial downturn but the impact here in Qatar is negligible. This shows the financial health of Qatar. Fonds Mondial de La Sante will initiate some projects in various sectors in Qatar. Plans and discussions are under way to find out investment opportunities in Qatar’s market,” said Dr Homoud. The delegation also hopes to reach agreements with companies involved in research and development projects. The delegation includes Dr All Chaaban, General Secretary, WHF; Eva Maria Terhaag Chaaban, Financial and Economic Adviser to WHF; Susan Chaaban, Relations Coordinator for the European Union; Dr Walter Lipke, President of Renewable Energy; Riad Gamal, Director, WHF; Wolfgang Alfons Gogg, Project Manager and Financial Adviser; Prof Dr Carola Moog, Manager of Shell International; Dr Salah Ayad, Energy Consultant; and Dr Reim Ahmed Hussein Mohamed Youssef, Deputy President, WHF, among others.