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Tribune News Network
Doha
Qatar’s newly established Investment Promotion Agency (IPA) has joined the World Association of Investment Promotion Agencies (WAIPA), an international non-governmental organisation that provides opportunities for such agencies worldwide to network and exchange best practices in investment promotion.
The IPA serves as a complete source of investment solutions for foreign direct investment (FDI) in all of Qatar’s priority sectors. Its membership of WAIPA will provide the Agency access to resources and significant advances in FDI facilitation, and the opportunity to network and share effective strategies in attracting investments.
The Investment Promotion Agency will add to Qatar’s continued success in attracting foreign direct investment (FDI). Investments in Qatar have gone through a 6.6 percent increase in the first quarter of 2019 compared to the corresponding quarter of last year (Q1 2018), according to the quarterly FDI report issued by the Planning and Statistics Authority and Qatar Central Bank.
IPA Chairman and Qatar’s Minister of Commerce and Industry HE Ali bin Ahmed al Kuwari, said, “The Investment Promotion Agency was established to boost Qatar’s FDI by providing international investors with a simple and streamlined process for establishing businesses in the country. Our membership of the World Association of Investment Promotion Agencies will enhance our capacity to provide premium services to international businesses wishing to set up operations in Qatar.”
IPA Chief Executive Officer Sheikh Ali al Waleed al Thani said, “We are honoured to join the World Association of Investment Promotion Agencies and are eager to learn from their vast experience in strategic execution of investment promotion activities. As a country that has seen notable success in FDI, we are also keen on sharing our experiences in investment strategy, as well as contribute to the development of IPA best practices and international standards.
“Surely the mutual benefits from this association will be significant and we look forward to working with WAIPA and other investment promotion agencies worldwide in promoting and developing their capacity to contribute tothe economic development.”
WAIPA Executive Director Bostjan Skalar said, “We are delighted that Qatar’s newly established Investment Promotion Agency LLC (IPA) is joining the World Association of Investment Promotion Agencies. We as WAIPA serve as a platform for IPAs worldwide and we believe that all goals are achieved faster with a systematic and collaborative approach. Together with our Consultative Committee, consisting of UNCTAD, UNIDO, ICC, ILO, IEDC, OECD and the World Bank, we therefore aim to constantly equip our members with the right skill sets to be set for a rapidly changing and evolving field, to be able to promote, attract and facilitate foreign direct investment (FDI).”
The agency’s Advisory Board is chaired by HE Ali bin Ahmed al Kuwari and includes Minister of State and Chairman of the Qatar Free Zones Authority HE Ahmad bin Mohammed al Sayed, Deputy Undersecretary for Economic Affairs at Ministry of Finance Saud al Attiyah, Chairman of the Technical Committee of the Ministerial Group for the Promotion of the Private Sector Khamis al Mohannadi, Media City CEO Mohammed Bader al Sada, Acting Undersecretary for Trade Affairs Saleh Majid Al-Khulaifi; Qatar Financial Centre CEO Yousuf Mohamed al Jaida and Qatar Science and Technology Park Executive Director Yosouf Abdulrahman al Salehi.
Doha
Qatar’s newly established Investment Promotion Agency (IPA) has joined the World Association of Investment Promotion Agencies (WAIPA), an international non-governmental organisation that provides opportunities for such agencies worldwide to network and exchange best practices in investment promotion.
The IPA serves as a complete source of investment solutions for foreign direct investment (FDI) in all of Qatar’s priority sectors. Its membership of WAIPA will provide the Agency access to resources and significant advances in FDI facilitation, and the opportunity to network and share effective strategies in attracting investments.
The Investment Promotion Agency will add to Qatar’s continued success in attracting foreign direct investment (FDI). Investments in Qatar have gone through a 6.6 percent increase in the first quarter of 2019 compared to the corresponding quarter of last year (Q1 2018), according to the quarterly FDI report issued by the Planning and Statistics Authority and Qatar Central Bank.
IPA Chairman and Qatar’s Minister of Commerce and Industry HE Ali bin Ahmed al Kuwari, said, “The Investment Promotion Agency was established to boost Qatar’s FDI by providing international investors with a simple and streamlined process for establishing businesses in the country. Our membership of the World Association of Investment Promotion Agencies will enhance our capacity to provide premium services to international businesses wishing to set up operations in Qatar.”
IPA Chief Executive Officer Sheikh Ali al Waleed al Thani said, “We are honoured to join the World Association of Investment Promotion Agencies and are eager to learn from their vast experience in strategic execution of investment promotion activities. As a country that has seen notable success in FDI, we are also keen on sharing our experiences in investment strategy, as well as contribute to the development of IPA best practices and international standards.
“Surely the mutual benefits from this association will be significant and we look forward to working with WAIPA and other investment promotion agencies worldwide in promoting and developing their capacity to contribute tothe economic development.”
WAIPA Executive Director Bostjan Skalar said, “We are delighted that Qatar’s newly established Investment Promotion Agency LLC (IPA) is joining the World Association of Investment Promotion Agencies. We as WAIPA serve as a platform for IPAs worldwide and we believe that all goals are achieved faster with a systematic and collaborative approach. Together with our Consultative Committee, consisting of UNCTAD, UNIDO, ICC, ILO, IEDC, OECD and the World Bank, we therefore aim to constantly equip our members with the right skill sets to be set for a rapidly changing and evolving field, to be able to promote, attract and facilitate foreign direct investment (FDI).”
The agency’s Advisory Board is chaired by HE Ali bin Ahmed al Kuwari and includes Minister of State and Chairman of the Qatar Free Zones Authority HE Ahmad bin Mohammed al Sayed, Deputy Undersecretary for Economic Affairs at Ministry of Finance Saud al Attiyah, Chairman of the Technical Committee of the Ministerial Group for the Promotion of the Private Sector Khamis al Mohannadi, Media City CEO Mohammed Bader al Sada, Acting Undersecretary for Trade Affairs Saleh Majid Al-Khulaifi; Qatar Financial Centre CEO Yousuf Mohamed al Jaida and Qatar Science and Technology Park Executive Director Yosouf Abdulrahman al Salehi.
