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Doha
The Investment Promotion Agency of Qatar (IPAQ) and the Roscongress Foundation, a socially oriented non-financial Russian development institution and a major organiser of international conventions, have signed a cooperation agreement on the exchange of investment opportunities on the sidelines of the 19th edition of Doha Forum.
The agreement has been signed with the support of the Qatar Embassy in Russia and Qatar-Russia Project Office.
The agreement, which was signed by IPAQ Chief Executive Officer Sheikh Ali Alwaleed al Thani and Roscongress Foundation CEO Alexander Stuglev, establishes the general principles and cooperation framework between the two parties for the coordination of joint investment activities.
Under the agreement, the entities will establish a working group with the aim to coordinate activities, including the exchange of proposals on feasible investments and business opportunities, the exchange of proposals on feasible export and trade opportunities, as well as attracting and assisting investors, partners, contractors and operators to support investment opportunities.
The agreement also underlines priority sectors for joint collaboration and evaluation such as the banking and insurance, transport and infrastructure, energy, tourism and sports industries.
Sheikh Ali Alwaleed al Thani said, “We are delighted to sign this Cooperation Agreement with the Roscongress Foundation on the sidelines of the 19th edition of Doha Forum. Since the launch of the Investment Promotion Agency of Qatar in July, we have taken major steps to showcase Qatar’s attractiveness as a hub for foreign direct investmentand this Agreement further enhances these efforts. In addition, Qatar and Russia have enjoyed strong bilateral ties for more than 30 years and with this Cooperation Agreement we look forward to building on these ties by working together on mutually beneficial investment opportunities.”
Alexander Stuglev, Roscongress Foundation said, “The Cooperation Agreement with the Investment Promotion Agency of Qatar is an important strategic partnership which will be of joint benefit to the Russian Federation and the State of Qatar.”
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15/12/2019
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