The Qatar Financial Centre (QFC), which is already home to four Spanish companies, is targeting more firms from Madrid as it showcased the promising potential for them to use the onshore centre as the hub for expansion into the wider Middle East region.
In this regard, the QFC hosted an investment roundtable to facilitate strategic co-operation across business activities and knowledge-sharing in an aim to develop closer relations with Spain’s business community and provide access to investment opportunities in Qatar’s market through the QFC platform.
The QFC is already home to PanData Tech; Acciona Producciones y Dise?o; Rexton Holdings and Elements Global Services.
“The QFC considers Spain a key market and our investment roundtable event was an excellent opportunity for Spanish companies to discuss doing business in Qatar with our investment team,” said Sheikha Alanoud bint Hamad al-Thani, managing director (Business Development), QFC Authority.
Highlighting that its mission is to facilitate the strengthening of our international economic partnerships through providing an effective and efficient framework for commercial enterprises; he said “our onshore capabilities also allow us to serve as a springboard for investors who wish to tap into regional markets, and we believe that we provide the best platform for firms to expand to Qatar and beyond.”
The event’s participants included senior Qatari representatives from the QFC, who met with Spain’s leading business and industry leaders, including representatives of the Madrid Chamber of Commerce and the Spanish Chamber of Commerce.
“Already a growing number of Spanish companies are taking advantage of the QFC’s offering, as well as the opportunity to expand their business in the Middle East and beyond,” according to Ghanim al-Madeed, Charge D’affaires, Qatari Embassy in Madrid. The Madrid visit also came as part of the QFC’s efforts to highlight the strong and healthy economic and bilateral trade, which grew by 5% to 1.2bn euros as of October 2019.
“We believe Qatar is a thriving country and example of international expansion. Therefore, the QFC investment roundtable was an opportunity to highlight the importance of Qatar to the Spanish market,” said Elsa Salvadores Janssen, Deputy Director of Madrid Official Chamber of Commerce, Industry and Services.
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