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Investment Promotion Agency Launches, Advisory Boards Discusses Strategy and Roadmap

Economy

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Doha, July 17 (QNA) - The Investment Promotion Agency LLC launched today in Doha. The agency aims to attract foreign direct investment (FDI) to the country, in line with objectives set out in the Qatar National Vision 2030. As part of its mandate to attract more FDI into Qatar, the Investment Promotion Agency LLC, will aim to be a single and complete source for investment solutions in the State of Qatar by attracting FDI in all of the countrys priority sectors. The entity will also pursue targeted, sector-specific investment promotion agendas and coordinate investment promotion and marketing activities with key stakeholders, as well as develop policy advisory. The Advisory Board held their first meeting recently where they discussed the Agencys strategy, roadmap and budget, as well as the key target sectors and incentives plan. HE Minister of Commerce and Industry and Chairman of the Advisory Board of the Investment Promotion Agency Ali bin Ahmed Al Kuwari said that "Qatar is already an attractive hub for foreign direct investment. Launching the Investment Promotion Agency will add to Qatars efforts to further boost FDI into the country, and the agency will achieve this through a number of initiatives such as working with stakeholders to support international businesses wishing to set up operations in Qatar." "We are committed to stimulating Qatars economic development through attracting foreign direct investment through a number of avenues. The Investment Promotion Agency will enhance these efforts by encouraging more international investors to set up in Qatar, leading Qatar into a new period of economic growth," His Excellency added. The advisory board is comprised, in addition to its chair, of HE Minister of State and Chairman of the Qatar Free Zones Authority Ahmad bin Mohammed Al Sayed, Representative of HE Prime Ministers Office HE Sheikh Ali Alwaleed Al-Thani, Acting Undersecretary for Trade Affairs Saleh Majid Al Khulaifi, CEO of Qatar Financial Center (QFC) Yousuf Mohamed Al Jaida, and Executive Director of Qatar Science and Technology Park Yosouf Abdulrahman Al-Salehi. (QNA)

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