The Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, highlighted the vast investment opportunities in Qatar to Bangladeshi investors at the 'Made in Bangladesh 2020' trade and investment exhibition.
The 3-day event organised by Bangladesh Forum Qatar and the Embassy of Bangladesh in Qatar under the patronage of Export Promotion Bureau of Bangladesh, Ministry of Commerce of Bangladesh and Qatar Chamber, aimed to boost economic diplomacy between Bangladesh and Qatar by tapping into sustainable trade and investment potentials between the two countries to create new economic alliances. The event, which included B2B meetings, seminars and networking sessions between Bangladeshi investors and their Qatari counterparts, saw Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC deliver an opening keynote speech and Sheikha Alanoud bint Hamad Al-Thani, Managing Director of Business Development, QFC give a presentation on the numerous investment opportunities in Qatar for Bangladeshi ICT companies.
Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority said:
Qatar and Korea share extensive bilateral economic relations that continue to grow year-on-year. Qatar is currently not only the top LNG supplier to South Korea, but trade volume between our two nations increased by an impressive 44% to reach USD $16.8 billion in 2018. The forum works to highlight the many ways in which cooperation can be further enhanced between Qatar and Korea, and I am confident that we will witness many mutually beneficial engagements as a result. These will build on the extensive agreements and partnerships that were inked between Qatar and South Korea earlier this year in a variety of industries including technology, communications, and agriculture.
Al-Jaida added: "As an integral part of Qatar's strategic initiative to build the Qatari economy, we are pleased to support this event and share how the QFC can facilitate the growth of foreign investments in Qatar and support their expansion in the region."
During the event's opening ceremony, Al-Jaida highlighted the strategic role of the QFC in developing and diversifying the Qatar economy. He underscored how the QFC's new strategy, which includes a renewed focus on the media, digital, sports and financial services sectors, and in a new economic corridor which include Kuwait, Oman, Turkey, Pakistan and India, is attracting more foreign direct investment and positioning Qatar as the most promising hub for firms to set-up business and operate in the region.
Sheikha Alanoud bint Hamad Al-Thani, Managing Director of Business Development, QFC Authority discussed the numerous investment opportunities in Qatar for Bangladeshi ICT companies. She emphasised how Qatar's already burgeoning ICT market that is estimated to reach US$4.4bn by 2021, as well as Qatar's strategic move toward building a knowledge-based economy, makes the Qatari market an ideal investment destination for ICT businesses.
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