QT-Online / Wednesday, April 3, 2019 / Categories: Top News Qatar’s pavilion at Hannover Fair 2019 attracts huge crowd Qatar’s pavilion at the Hannover Fair 2019 has attracted a large turnout as businessmen, state officials, representatives of the industrial and trade sectors and media professionals, flocked to the 1000-square meter pavilion that the Ministry of Commerce and Industry hosted for the second consecutive year. The pavilion brought together representatives of the Qatar Chamber, Qatar Financial Centre, Manateq, Qatar Free Zones Authority, the Supreme Committee for Delivery & Legacy, Qatar Railways Company (Qatar Rail), Qatar Development Bank and Qatar Science and Technology Park. Participating private companies also included Qatar Industrial Manufacturing Company (QIMC), EbnSina Medical, Qatar Aluminium (Qatalum), Doha Cables, Bin Aman Plastic Industries and Qatar Steel. Participating entities showcased the most prominent initiatives undertaken by Qatar to attract and stimulate investments in the industrial sector and enhance its strategy ofsupporting the private sector and offering incentives to attractinvestors and foreign capital. Participants also introduced Qatari industries in various sectors and the latest technological developments and advanced equipment being used in the industrial sector, in addition to the investment opportunities and incentives granted to investors, businessmen and entrepreneurs seeking to invest in various industries. These incentives promote domestic and foreign investments and contribute to the economic development of Qatar. Participants at Qatar’s pavilion expressed their delight for participating in the fair. The large number of represented entities reflected Qatar’s advanced position as well as the country's promising investment opportunities and attractive investment climate for local and foreign companies, participants noted. The fair provided a platform for Qatari companies to promote their products, access new markets and export their high-quality goods to global markets. Mr. AbdulbasitTalib Al-Ajji, Director of the Business Development and Investment Promotion Department at the Ministry of Commerce and Industry, said, "through Qatar’s pavilion, the Ministry aims to showcase the keycharacteristics that position Qatar as an attractive economic environment for foreign investments as well as the incentives and legislations endorsed by the state to support the private sector, which would result in growing foreign direct investment and attract an additional number of German companies to the Qatari market." For his part, Mr. Ali Sultan Al Kuwari of Qatar Development Bank said the bank’s participation in the fair falls in line with its efforts to promote local industries and provide clients access to international markets, which will bolster Qatari exports and contribute to the accomplishment of the Qatar National Vision 2030. Manateq’sDirector of Business Development Mr. Adel Walisaid thatManateq,through its participation in the fair, aims to promote investment opportunities in industrial, logistics and economic zones. These areas are strategically located across the country and are home to high-quality infrastructure that enable investors to set up businesses and companies in a growth-oriented and prosperous environment, Mr. Wali noted. Mr. Abdulla Al-Naimi, Director of Corporate Government Relations at the Qatar Science and Technology Park (Qatar Foundation) said QSTP has sought to become a global hub for research, energy, environment, technology and education since its establishment in 2009. Since then, QSTP has attracted a large number of companies thanks to the incentives it offers including tax and customs exemptions as well as its advanced legislative framework, which streamline services provided to governmental and non-governmental agencies, Mr. Al Naimi said. "We host numerous multinational companies, including General Electric, ConocoPhillips, ExxonMobil, Total, Shell and other tech companies such as Microsoft, Cisco, Gulf Bridge International and Petroleum companies that conduct environmental research in terms of water and air sustainability,” Mr. Al Naiminoted. Mr. Al Naimi added that QSTP is seeking to attract an increasing number of international companies that conduct valuable research and provide consultancy services to both government andsemi-governmental bodies, which ultimately benefit Qatar. He thanked the Ministry of Commerce and Industry for inviting QSTP to participate in the Fair. Mr. Mohammed Al Mohannadi, of Qatar Chamber, which is being represented at Qatar’s pavilion for the second consecutive year, said the Chamber is seeking to secure new partnerships and joint ventures. Mr. Al Mohannadihailed Qatar Industrial Manufacturing Company (QIMC), EbnSina Medical, Qatar Aluminium (Qatalum), Doha Cables, Bin Aman Plastic Industries and Qatar Steel for participating in the fair under the umbrella of QatarChamber, noting that these five companies are among 350 manufacturing companies based in Qatar. Mr. Al Mohannadihoped that the next edition of the fair will attract an increasing number of the 350 Qatar-based manufacturing firms. For his part, Eng. Mohammed Al Mustafawi Al Hashemi, of Qatar Rail, said: "Our participation in the Hannover fair is aimed primarily at showcasing our potential, identifying the potential of other participants, drawing on their expertise and identifying opportunities that benefit Qatari companies. We are also seeking to introduce participants and visitors to Qatar Rail’s projects, which consist in first phase of 37 stations, including 31 underground stations and 6 ground stations as well as rail lines that will serve the regions of Doha, Al Wakra and Lusail, to be completed in 2020. The second phase will be implementedto promote sustainable development in line with the Qatar National Vision 2030." Eng. Nasser Al Nuaimi, the representative of the Supreme Committee for Delivery & Legacy, said through its participation in the fair, the committee seeks toshowcase stadiumsincluding Al Thumama,Khalifa International,Educational City, Ras Abu Aboud, Al Rayyan, Al Wakrah, and Lusail stadiums. Eng. Al Nuaimi explained that the fair attracted a large number of German visitors who were briefed on the development of these stadiums and their potential. Eng. Al Nuaimi stressed that their participation along the Ministry of Commerce and Industry and other bodies was successful by all standards, in light of the large turnout that Qatar’s pavilion witnessed. Commenting on the participation of the Qatar Free Zones Authority in the fair, Mr. MaaroufMahmoud said representatives of the authority have met with foreign companies to outline investment terms in Qatar, particularly those related to companies in the industrial and technology sectors. He added that the fair provided a platform to network with companies looking to invest in Qatar. Representatives of the Qatar Financial Centre, said QFC is seeking to advertisethe financial services it offers and shed light on corporate registration procedures to attract foreign and German companiesto invest in the Qatari market and tap local opportunities through the centre. The five-day Hannover fair featured more than 6,500 exhibitors from around the world and attracted over 220,000 visitors. The fair covered a wide range of topics on industrial and information technology, industrial supply, engineering, services, energy and environmental technology. The fair featured more than 80 panels and discussion forums under the theme of “Integrated Industry - Industrial Intelligence” with the participation of more than 150 speakers. Previous Article Does IVF raise cancer risk in children? Next Article Christchurch terrorist to be charged with 50 counts of murder Print 1811 Rate this article: No rating Please login or register to post comments.