Seven global firms representing a wide range of sectors – China Harbor Engineering Company, Gaussin, Inventus Power, Thales Group, Unistrong, Volkswagen and Wasco Coatings – have launched their operations from Qatar Free Zone.
These companies join a diversified group of more than 50 companies establishing operations in Qatar Free Zones, which have in total invested more than QR1.5 billion ($412 million).
All of these seven firms will contribute significantly to the strength of the free zones and in turn to the growth and development of Qatar’s economy, said senior officials at the Doha Forum, a global platform for many of the world’s top decision-makers and policy leaders.
The event was organised by QFZA to discuss the role of free trade zones in fostering international trade and development.
Ahmad Al Sayed, Minister of State and Chairman of QFZA, attended the special ceremony where these seven global companies signed the licenses agreement to join the free zones.
It was held on the sidelines of the Doha Forum, a global platform for many of the world’s top decision-makers and policy leaders. The panel was attended by several senior executives from the investment and international trade sectors.
Al Sayed said: “We are very proud to welcome seven leading global companies to Qatar Free Zones, joining a diversified list of over 50 approved and registered projects and companies. We have been working closely with companies around the world to demonstrate all that Qatar – and Qatar Free Zones specifically – has to offer, and this announcement marks the end of a very successful year for us.”
“Each of these companies are leaders in their space and come from diverse markets around the world, including China, Malaysia, Germany, France and the US,” he stated.
“Our partnership with them is testament to the strength of our bilateral economic and trade relations between Qatar and many countries around the world, and to the attractiveness of the country as an investment destination and free zones as a competitive regional business platform,” he added.
