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An official of the Canadian-Qatari Business Forum (CQBF) has underscored Canada’s growing interest in the Qatari market, saying this could lead to mutually beneficial collaborations, economic growth, and knowledge exchange.CQBF executive director Yasser Dhouib, who lauded Qatar’s mediator role in regional conflicts in an opinion column in an Ottawa-based newspaper, also emphasised the need to highlight the extensive potential of a Canada-Qatar partnership in diverse economic sectors.“As Canadian interest in Qatar increases, a unique opportunity emerges to leverage Qatar’s knowledge-based economy, which aligns seamlessly with Canada’s innovation-driven industries.“Qatar’s rise as a global financial and tech hub, with a focus on expanding ties in energy and infrastructure, offers Canada tangible benefits. Qatari businesses bring capital, expertise, and a global outlook, contributing to the growth and diversification of Canadian industries,” Dhouib pointed out.Dhouib noted that Qatari investments in Canada have contributed to economic growth and employment generation, spurred research and development (R&D), and played a key role in enhancing the nation’s infrastructure.“As Canada strengthens bilateral relations in the Gulf Cooperation Council, it must ensure Canadian businesses feel confident in this strategic partnership, with investments protected in a stable, compliant environment.“Qatar stands out as a secure destination, earning top ratings from the Financial Action Task Force for its adherence to international financial standards, reassuring global investors, including Canadians,” Dhouib stated.Citing common values in international development, Dhouib said Qatar and Canada have signed a memorandum of understanding (MoU) to bolster collaboration on fostering social and economic advancement in developing countries.“As part of this alignment, Global Affairs Canada and Qatar’s Education Above All Foundation have each committed $40mn to co-fund education initiatives, including UNICEF’s Generation Unlimited, supporting marginalised communities and fostering long-term development.“The 50th anniversary of Canada-Qatar relations should not only celebrate what has been achieved but also challenge both nations to engage in honest, forward-thinking dialogue. For Canada, this means critically assessing how it can leverage its partnership with Qatar to strengthen its international influence. For Qatar, it means continuing to evolve as a regional power that can navigate the complexities of diplomacy without alienating its partners,” Dhouib stressed.He added: “At this critical juncture, both Canada and Qatar have much to gain from a deeper relationship, but only if both countries are willing to engage with the full complexities of their partnership—not as propaganda, but as part of a genuine effort to foster constructive foreign relations.”

A top official of LuLu Group in Qatar has lauded the efforts of the Qatari government in ensuring that the country’s food security is not affected by geopolitical challenges in the region and the wider Middle East.Dr Mohamed Althaf, LuLu Group director of Global Operations, stated that Qatar’s government is working to maintain healthy stock levels of essential products. Dr Althaf emphasised that in recent years, Qatar has significantly increased its food production capacity, thus, becoming more self-reliant and better prepared to handle potential supply challenges.Similarly, Dr Althaf said that while political tensions exist, LuLu Group is also ensuring that geopolitics elsewhere will not affect food supply in countries where the retail giant is operating.“Even if there are any unfortunate geopolitical tensions or even extreme weather conditions, LuLu Group makes sure that we have a very robust supply chain. We are very confident about this after developing a time-tested system to ensure product availability; have survived the pandemic and other challenges without experiencing shortages,” Dr Althaf told Gulf Times on the sidelines of a recent event of the Spanish embassy and LuLu Hypermarket.According to Dr Althaf, LuLu has been expanding its consolidation efforts in Spain, citing two sourcing facilities there. Additionally, Dr Althaf pointed out that LuLu is increasing the group’s presence in Spain and sourcing products directly from Spanish fruit and vegetable suppliers.He explained that LuLu Hypermarkets in Qatar are offering high-quality products from Spain, including organic items, at competitive prices, a strategy that helped LuLu to keep inflation under control regardless of external factors. He also emphasised that Spanish products, particularly bulk items like olive oil, meat, and vegetables, are well-received in Qatar, adding that Spain is a well-known exporter of premium food products.“The popularity of Spanish products in LuLu stores across Qatar, coupled with the company’s commitment to maintaining food supply despite regional conflicts complements Qatar’s increasing self-reliance in food production, thus contributing to supply stability in the country,” Dr Althaf added.Speaking on the sidelines of the event, Spanish ambassador Javier Carbajosa Sanchez highlighted the growing economic relationship between Spain and Qatar, citing food security and agriculture.He noted that Qatar-Spain trade volume currently stands at $1.6bn, “with room for improvement.” According to the ambassador, Spain and Qatar have ongoing efforts to increase investments and improve trade relations through meetings and dialogues between the business sectors of both countries.“I think that we have a lot of room for improving bilateral trade volume. In terms of investment, we are working to make things even easier for both sides. There is an ongoing conversation between the Qatar Investment Authority (QIA) and our sovereign fund in Madrid, called Compañía Española de Financiación del Desarrollo (COFIDES). We are working to accelerate, expedite, and improve the level and the quality of investments of Qatar in Spain,” Sanchez pointed out.

United Development Company (UDC), the master developer of The Pearl Island and Gewan Island, has signed a Memorandum of Understanding (MoU) with Qatar Science & Technology Park (QSTP), a member of Qatar Foundation, to foster collaboration on innovative and sustainable solutions in real estate development.The MoU was signed by Ibrahim Jassim al-Othman, UDC president, CEO, and member of the board, and Dr Jack Lau, president of QSTP, on the sidelines of Cityscape Qatar 2024, which concludes Tuesday at the Doha Exhibition and Convention Centre (DECC).The strategic partnership marks a significant milestone in UDC’s ongoing commitment to integrating smart and sustainable technologies into its developments, further enhancing The Pearl Island and Gewan Island as premier destinations for living, working, and entertainment. The collaboration will focus on areas, such as technological advancements, research and development in environment and sustainability, and the implementation of smart city technologies.Al-Othman said, “This MoU aligns with UDC’s vision of creating sustainable, technologically advanced communities that meet the evolving needs of our residents and investors. Through this partnership with QSTP, we aim to leverage cutting-edge technologies to enhance the quality of life in The Pearl and Gewan Islands, while also contributing to Qatar’s national environmental and sustainability goals.”The collaboration will explore various initiatives, including the development of smart sustainable cities, capacity building through training programmes, and research and development (R&D) to support sustainable innovations. Both parties will work closely to ensure the implementation of these projects under joint agreements to achieve impactful, environmentally friendly solutions.Lau said, “At the heart of our mission is the commitment to foster innovation that contributes towards the advancement of a vibrant technological ecosystem in Qatar. We are delighted to establish this collaboration with UDC - a distinguished leader in the real estate sector - to expand our efforts and collectively explore opportunities to advance technological research and development, hi-tech skills building, and the implementation of innovative solutions that will contribute to the growth of smart cities and communities. We look forward to our joint work in promoting smart technologies for a more sustainable environment for all.”As part of the MoU, UDC and QSTP will focus on delivering sustainable, high-tech solutions that will be implemented across both The Pearl Island and Gewan Island. These solutions will include smart energy management, waste reduction systems, and advanced digital infrastructure aimed at enhancing operational efficiency and environmental sustainability.The collaboration is expected to bring about tangible benefits for investors and residents alike, offering advanced amenities, improved resource management, and a modern, eco-friendly living experience. The integration of these technologies will also create new investment opportunities for businesses looking to engage in sustainable urban development. The MoU reflects UDC's commitment to innovation and sustainability, aligning with Qatar’s Vision 2030 to foster a knowledge-based, environmentally conscious economy.On the sidelines of the signing ceremony, al-Othman told Gulf Times that UDC’s collaboration with QSTP underscores the company’s commitment to the environment, focus on technology and innovation, and continuous initiatives that support sustainability.“UDC is incorporating AI technology for various purposes, including an unmanned boat for water quality monitoring. We are also using AI to support sales and after-sales services and to improve efficiency in building management and maintenance,” he emphasised.Similarly, Lau spoke to this paper about AI applications in real estate and urban management, including the benefits of AI technology and the challenges in AI implementation. He also discussed QSTP's role in AI development, as well as the future of AI and automation.Before the signing ceremony, HE the Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman al-Thani visited the UDC pavilion, which underscored the company’s pivotal role in shaping Qatar's real estate sector. During the visit, the Prime Minister was introduced to UDC's state-of-the-art smart technology and immersive experiences, which are at the heart of the innovative developments on Gewan Island.Additionally, Al-Othman participated in a key discussion panel at the Qatar Real Estate Forum, where his insights on real estate investment opportunities further emphasised UDC's strategic vision and commitment to fostering growth and innovation within Qatar’s thriving real estate landscape.

Day two of Cityscape Qatar 2024 was in full swing Monday, building on the momentum of a successful opening, with exhibitors and attendees eager to dive deeper into the latest trends, innovations and investment opportunities shaping Qatar’s dynamic real estate landscape.Qetaifan Projects made two major announcements on Monday, revealing two flagship projects: SLS Doha and The Groove Residence. It also announced BBD International as the operator of the Qetaifan Island North school, through a build-operate-transfer (BOT) agreement, and hosted a fireside chat on ‘Education in Real Estate Development: Shaping Master Communities’.The session provided insightful discussions between Hesham Sharaf, chief operating officer of Qetaifan Projects, and Ralph Tabberer, owner and chief executive of BBD Education, with Adam Stewart moderating.On the other hand, Qatari Diar announced a strategic partnership with ST Engineering to develop and operate a smart city platform in Lusail City, utilising Artificial Intelligence (AI) and data analytics.Additionally, the company revealed significant investment opportunities in their Lusail developments, including the luxurious waterfront townhouses in the Seef project, which set a new standard for upscale living in a city celebrated for its modern infrastructure and sustainable design.Moreover, Commercial Avenue, a subsidiary of Qatari Diar, signed three long-term leases with Kate Real Estate for Joud residential units, Harley Davidson, and Nesto Group.Ariane Real Estate announced two of its esteemed residential units in Lusail named Lago 2 and Sierra 2.Barwa Group signed agreements with Al Waha for Strong Motors and Jetour. Additionally, Barwa entered into an agreement with Lesha Bank for the Waseef and Barwa Hills projects.Alexander Heuff, exhibition director of Cityscape Qatar, said: “Cityscape Qatar continues to deliver valuable experiences. It was yet another successful day for business and real estate in Qatar, filled with insightful discussions, exclusive project launches, and networking opportunities throughout all three conferences. We encourage everyone to explore all that Cityscape Qatar 2024 has to offer.”Meanwhile, the Qatar Real Estate Forum hosted a panel titled ‘Sustainable Infrastructure Insights and Goals’, featuring Dr Engineer Saad Ahmed al-Mohannadi, President of Public Works Authority (Ashghal).Al-Mohannadi discussed the role of AI in making construction more sustainable and highlighted the importance of innovative construction that enhances accessibility of locations.He emphasised that the main factors Ashghal considers in construction projects are technology, safety, sustainability and facilitation of accessibility.ON Tuesday, the Qatar Real Estate Forum will host several informative sessions on ‘Financing Strategies and Regulatory Frameworks in the Real Estate Sector’, featuring Joseph Abraham, Group CEO, Commercial Bank; and ‘Property Platforms: Driving Investment and Development’, among others.Qatar Real Estate Forum will also host a workshop with the Department of Architecture and Urban Planning, Qatar University, titled ‘Future Architects – Student Competition’.Cityscape Qatar is supported by Qetaifan Projects as Platinum Sponsor for the second year.Similarly, United Development Company (UDC) is the Official Registration Sponsor and features leading developers in Qatar, such as Qatari Diar, Barwa Real Estate, Al Waab City, Sobha LLC, and Bin Al Sheikh, who have been highlighting their most important projects and newest property offerings.Visitors can still register for free online and attend Cityscape Qatar, the Qatar Real Estate Forum, Index Design Qatar, and Big 5 Construct Qatar to take advantage of the opportunity to network with industry leaders, explore the latest real estate projects, and gain insights into the future of sustainable urban development. Cityscape Qatar concludes Tuesday at the Doha Exhibition and Convention Centre.

By establishing ties with industry leaders in Qatar, the Philippines supports Qatar National Vision 2030 and aims to position itself as a preferred partner in addressing Qatar's growing infrastructure demands, an official of the Philippines Overseas Construction Board (POCB) has said on the sidelines of Big 5 Construct Qatar has said.POCB Executive Director Doris U Gacho made the statement amidst the Philippines’ inaugural participation in Big 5 Construct Qatar, which concludes Tuesday at the Doha Exhibition and Convention Centre (DECC).Gacho emphasised that the Philippines’ debut in the event to unveil the country’s expertise in construction, architectural, and engineering services, is a milestone that marks a significant step in strengthening the Philippines’ presence in Qatar’s construction market.Spearheaded by the POCB and supported by the Department of Trade and Industry's (DTI) Foreign Trade Service Corps (FTSC) and the Competitiveness Innovation Group's (CIG) ‘Tatak Pinoy Programme’, Gacho said the country’s maiden participation aligns with the Philippines' goals of expanding its export of construction services and architectural and engineering services outsourcing (AESO).She said, “The Big 5 Construct Qatar is a pivotal platform for the Philippines to showcase the world-class talents and capabilities of our construction industry. We are committed to creating synergies between Philippine key players and their counterparts in Qatar and the UAE.”Gacho also said the Philippine delegation represents leading Filipino contractors, architectural and engineering companies, and government agencies, including organisations, such as Aidea Integrated Technologies, Inc, ESCA Engineering, RD Interior Junior Construction, Sta Clara International Co, the United Architects of the Philippines (UAP), and the Professional Regulation Commission (PRC).The delegation highlights the Philippines’ expertise in areas, such as horizontal directional drilling (HDD), road development, large-scale infrastructure projects, architectural design, engineering services, and Building Information Management (BIM).Gacho said the PRC plays a vital role in ensuring that the Philippines’ skills and competencies are globally recognised as professional practices through Mutual Recognition Agreements (MRAs) with key partner countries, including Qatar.To showcase the Philippines’ robust construction, architecture and engineering (CAE) capabilities, the POCB also hosted the Philippine Forum titled ‘Building Beyond Borders: The Philippine Advantage’ at the exhibition’s Seminar Theater.Speaking at the event, Philippine ambassador Lillibeth V Pono said: “As the Philippine ambassador to Qatar, I am happy to take part in this event, not only to celebrate and strengthen the bonds between our two nations but also to shine a spotlight on the remarkable talent and expertise of Filipino contractors and professionals.Pono reiterated that “Filipinos have played and continue to play an outsized role in spurring the development and progress, not only of Qatar but of the broader GCC region.”She added: “And so I am proud to inform you that I am joined here today by the key players and leaders of the Philippine construction, architecture, engineering, and design services. Their presence highlights the collective strength, innovation, and commitment of the Philippines to contribute to the ongoing development in Qatar. Together, we aim to build stronger ties, share expertise, and collaborate on projects that benefit both our nations.“As construction and infrastructure continue to drive the global economy, both the Philippines and Qatar are well-positioned to benefit from each other’s strengths with Filipino companies and professionals offering expertise in project management, architectural design, and engineering solutions, while Qatar provides a thriving and vibrant market with immense potential for growth and innovation.”Gacho said members of the Philippine delegation are available to engage with global partners, project developers, and Qatari AE firms at Booth Stand Number 5189, Hall No 5 from 12pm to 8pm. Email [email protected] to schedule future meetings with Philippine partners.Ends

HE the Minister of Municipality Abdullah bin Hamad bin Abdullah al-Attiyah officially inaugurated Cityscape Qatar on Sunday, which will run until Tuesday at the Doha Exhibition and Convention Centre (DECC).The three-day Cityscape Qatar is held in conjunction with the second Qatar Real Estate Forum (QREF), Big 5 Construct Qatar, and INDEX Design Qatar exhibitions.HE the Minister of Municipality led the ribbon-cutting ceremony alongside HE the Minister of Finance Ali al-Kuwari, HE the Minister of Justice and State Minister for Cabinet Affairs Ibrahim bin Ali al-Mohannadi, and HE the Minister of Environment and Climate Change Abdullah bin Abdulaziz al-Subaie, followed by a tour of the exhibition where they explored key exhibitors and learned about Qatar's latest development projects and real estate offerings.The three-day real estate exhibition, under the patronage of HE the Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani, witnessed the participation of several ministry officials, major developers, and international delegates.The exhibition commenced with the opening of the second QREF, which announced an impressive QR27bn in trade value for 2023 and the first half of 2024.Cityscape Qatar is supported by Qetaifan Projects as the platinum sponsor and United Development Company (UDC) as the official registration sponsor. The exhibition welcomed key developers and real estate companies, including Qatari Diar, Barwa Real Estate, Alwaab City, Sobha LLC, and Bin Al Sheikh, showcasing their flagship projects and latest offerings.Cityscape Qatar features an extensive exhibition floor, showcasing a diverse range of residential, commercial, and hospitality projects from both local and international developers. Developers are participating from Qatar, Romania, Saudi Arabia, Pakistan, the UAE, and the UK. The event allows visitors the chance to explore innovative architectural designs, discover lucrative investment opportunities, and gain valuable insights into the market's future trajectory.Barwa Group marked its presence at Cityscape Qatar with the unveiling of its latest residential development, Barwa Hills. The project features 57 exclusive apartments, where visitors can tour the development through an interactive digital viewing experience to allow potential buyers to explore their chosen unit in precise detail.In addition, Barwa Real Estate Group signed a memorandum of cooperation with Qatar Islamic Bank (QIB) to provide financial solutions to those who wish to buy residential units in the Barwa Hills project.“Cityscape Qatar 2024 opened with a resounding success. Our partners have unveiled several exciting projects, making key announcements throughout the event. Cityscape has attracted visits from ministers, key media, potential buyers and both regional and international exhibitors,” said Alexander Heuff, exhibition director of Cityscape Qatar.With the huge success already seen on its opening day, Cityscape Qatar promises to be a dynamic showcase of Qatar’s thriving real estate landscape, bringing together key stakeholders, investors, developers, industry experts and visitors.Attendees can expect an immersive experience filled with networking opportunities, exclusive project launches, and transformative discussions on the latest trends shaping the sector. Visitors can obtain free tickets through Cityscape Qatar’s website.

Qatar Tourism (QT) chairman Saad bin Ali al-Kharji underlined the country’s ambitious tourism goals and their impact on economic diversification, highlighting the strong partnership between the tourism and real estate sectors and how they mutually complement each other’s growth.Al-Kharji shared key insights during the panel discussion titled ‘Tourism’s Contributions to the Real Estate Sector’ during the Qatar Real Estate Forum, which will run until Tuesday at the Doha Exhibition and Convention Centre (DECC).During the discussion, leading industry experts, such as Jason Liebman, co-founder & chief investment officer, Auric Road; Fettah Tamince, founder and chairman of Rixos Hotels and The Land of Legends, and president of SML Construction Co; and Oliver Ripley, founder and CEO of Habitas Group, also shared their outlook on the topic.Al-Kharji expressed optimism that QT will be able to meet its annual target of 6mn tourist arrivals by 2030, citing steady growth in visitor arrivals this year, which currently stands at 3.7mn.He noted that this growth is expected to double employment in the sector and increase tourism’s contribution to GDP to 12%. “All these goals reflect directly on real estate and development in the country. By these numbers we have today, I think we are reaching these goals way ahead...and it’s very promising and very encouraging for international investment and real estate investment in Qatar,” al-Kharji pointed out.The tourism chief emphasised the mutual relationship between tourism and real estate development: “The relationship between tourism and real estate is not only interconnected, but it’s a real partnership in both sectors. This partnership is expected to drive improvements in both sectors, enhancing the quality of life for residents and visitors alike.”Al-Kharji also underscored Qatar’s significant investments in infrastructure, including smart technology, eco-friendly buildings, and state-of-the-art public transportation, saying these investments aim to position Qatar as a leading destination for both tourists and potential residents.According to al-Kharji, the 2022 FIFA World Cup served as a catalyst for Qatar’s rapid development. He said the global sporting event transformed Qatar into “one of the best destinations” for tourists and sports events.“The 2022 FIFA World Cup became the catalyst of this development. We reached a very advanced level in very short time because of this event,” he reiterated.In addition to tourism, al-Kharji highlighted other investment opportunities in Qatar, citing fields like AI and technology. He also lauded the government for its ongoing efforts to enhance regulations to attract innovative investments, especially in real estate.Al-Kharji underlined Qatar’s commitment to safety and high quality of life, presenting the country as an attractive destination for both visitors and long-term residents.“Qatar’s initiatives are part of the country’s broader strategy to diversify its economy and reduce reliance on hydrocarbons. As we continue to invest in our tourism and real estate sectors, Qatar aims to establish itself as a global destination for visitors, residents, and investors alike,” al-Kharji added.

One of United Development Company’s (UDC) new projects, Crystal Walkway, is expected to shine the spotlight on Qatar as a world-class and leading tourist destination in the region and beyond, an official said on Sunday. Speaking to Gulf Times on the sidelines of Cityscape 2024, UDC Public Services executive director Abdullatif Ali al-Yafei announced that Crystal Walkway will feature “the world’s largest collection of crystals in one location.” He explained that Crystal Walkway is one of the stunning amenities of Crystal Residence at Gewan Island. UDC is the master developer of The Pearl Island and Gewan Island, al-Yafei said, adding that Gewan Island and its residential and commercial projects are being highlighted at Cityscape, which will run until tomorrow at the Doha Exhibition and Convention Centre (DECC). Al-Yafei believes Crystal Walkway, a 450-m fully air-conditioned outdoor promenade adorned with 10 tonnes of crystals and consisting of 45 crystal shades providing 14,000sq m of shade, “will be Qatar’s top destination.” “The walkway comprises 10 tonnes of crystals of different sizes ranging from 5mm to 10cm distributed in different ways. We will have 180 illuminated crystal flooring boxes protected by glass that people can walk on. These floors represent five different themes: desert, snow, forest, sea, and machinery,” al-Yafei said. Additionally, Crystal Walkway will showcase two five-metre-high crystal clocks, and 15 building signages made entirely of crystals. Additionally, the development includes 18 crystal trees and crystal plantations along the promenade, creating a mesmerising environment for visitors, al-Yafei pointed out. Al-Yafei said UDC’s latest crystal-laden attraction is part of the larger Gewan Island project, which includes Crystal Residence, which comprises 586 residential units distributed across 15 mixed-use buildings. Al-Yafei also reported that “80% of the apartments have already been sold, with all retail spaces fully occupied.” He also emphasised that while the project’s opulence is evident, the company has not overlooked environmental concerns: “UDC cares a lot about the environment and reducing CO2. The development boasts extensive green spaces, with approximately 50% of the 450,000sq m area dedicated to landscaping, including 13,000 tropical plants within the Crystal Walkway. According to al-Yafei, the project also aims to achieve sustainability certifications, having already secured GSAS certification for its design, with operational certification “expected in early 2025.” Al-Yafei said, “We are confident that the project would become a top destination in the country and the region, supporting Qatar’s tourism goals while maintaining a strong focus on sustainability and luxury.”

Key figures from Qatar’s investment landscape highlighted the country’s bid to emerge as a global investment destination in specific areas like the real estate sector during a panel discussion at the Qatar Real Estate Forum on Sunday.The discussion titled ‘The National Economy: Development & Investment Opportunities’, included chief executives from Investment Promotion Agency Qatar (Invest Qatar), Qatar Free Zones Authority (QFZ), and Qatar Financial Centre (QFC), underscored the country’s commitment to economic diversification and its ambitious plans for the future.Invest Qatar CEO Sheikh Ali Alwaleed al-Thani underscored the country’s three-stage growth strategy.Following the development of the hydrocarbon sector and infrastructure culminating in the 2022 World Cup, Qatar is now focusing on its third national development strategy. Sheikh Ali noted that this strategy targets financial services, manufacturing, logistics, and ICT sectors, with a strong emphasis on human capital development.“However, what underlines all this and what is central to the strategy is the growth of human capital. If you look at Qatar, traditionally where hydrocarbons played the leading driver of growth...we need to invest in our human capital. And this investment was evident through education, healthcare, and creating an environment that can attract and retain talent.“The government is focused on building upon that and having that being the most significant growth driver into the future. I think Qatar targets that as an eventual outcome where our human capital innovation could be the main driver for growth,” Sheikh Ali emphasised.QFZ CEO Sheikh Mohammed bin Hamid al-Thani, on the other hand, highlighted Qatar’s unique “one integrated family approach” to attracting investments, citing examples of successful public-private partnerships, which contribute to knowledge transfer and sustainability goals.“Concerning the Qatar National Development Strategy, we are focused on diversifying the economy through three key sectors, such as manufacturing, logistics, and within the IT and digital space. But we’re also looking to enable knowledge transfer, and we do this by enabling public-private partnerships,” Sheikh Mohammed noted.QFC CEO Yousuf Mohamed al-Jaida detailed QFC’s role in providing a robust legal and regulatory framework for investors, explaining how the centre offers various structures, such as special purpose vehicles, holding companies, and trust structures to help investors manage risks in real estate investments.Al-Jaida also revealed plans for innovation in the sector, including the potential tokenisation of real estate assets to increase accessibility and liquidity.According to al-Jaida, Qatar’s ambitious targets include achieving 4% growth in the non-hydrocarbon sector and attracting $100bn in foreign direct investment (FDI) over the next seven years.“All of us are involved in achieving that target. Within the clusters that are named in the National Development Strategy: manufacturing, logistics, and tourism, real estate is indirectly in every single one of those clusters because to develop these clusters, there’s always an indirect impact on the real estate sector because all these companies eventually attract investment and manpower. And that has an indirect impact on the real estate sector,” al-Jaida further explained.

Italian Ambassador Paolo Toschi has highlighted the robust and growing relationship between Italy and Qatar, emphasising their shared commitment to regional stability, particularly in addressing the conflict in Palestine and Lebanon. “This is an important time in the relationship between Italy and Qatar because of several conversations that are maturing and bearing fruit,” Toschi told Gulf Times in an exclusive interview, where he discussed the role of regional diplomacy and crisis management, humanitarian efforts, bilateral relations between Italy and Qatar, economic cooperation, and cultural exchange and dialogue in addressing regional challenges. According to the ambassador, Italy views Qatar as a strategic partner and values its role in promoting peace and dialogue. Both countries are actively engaged in humanitarian efforts, providing substantial aid to Gaza and Lebanon through various UN agencies, Toschi pointed out. “His Highness the Amir Sheikh Tamim bin Hamad al-Thani and Italian Prime Minister Giorgia Meloni are engaged as actors of peace by supporting dialogue, diplomacy, and the peaceful resolution of disputes at a time when the region is going through a tragic and deep crisis,” he emphasised. The ambassador also said, “Italy has been very clear that there needs to be a state for Palestine. There must be continuity between Gaza and the West Bank, and a sustainable security platform for Palestine, to which Italy is ready to contribute.” “We continue to call upon all parties to end violence against civilians and to respect both international and humanitarian law. We are taking action also as chair of the G7 as we continue to support Qatar’s diplomatic work to identify a solution in accord with the other involved parties,” Toschi noted. Similarly on Lebanon, Toschi recalled that Italy has taken the lead in a G7 initiative calling parties to uphold UN Security Council Resolution 1701, “which is the foundation of a sustainable asset for Lebanon.” “We are engaged to support Lebanese authorities, which is very much in line with what Qatar is doing, strengthening the foundation of Lebanese institutions,” the ambassador further stressed. “Both in Gaza and Lebanon, like Qatar, we are engaged in delivering humanitarian and food assistance, in coordination with UN agencies like the World Food Programme, UNHCR, and UNRWA, to provide food and other forms of support,” Toschi explained, adding that Italy’s recent assistance includes a €17mn emergency aid for Lebanon and two packages of food aid respectively worth €35mn and €12mn for Gaza. The ambassador also noted that the Italy-Qatar bilateral relationship extends beyond diplomacy and continues to expand collaboration in sectors like investment, energy (including gas markets and renewables), defence, and military cooperation. “Both countries are also exploring opportunities in food security, biotech, life sciences, and urban management,” Toschi said. According to Toschi, cultural exchange is also seen as a crucial element in fostering understanding and peace, “especially during times of crisis.” He added: “Italy and Qatar view culture as a unifying factor and a means for dialogue. We believe culture can provide context, build bridges between people, and contribute to conversations about peace.” Ends

The value of Qatar’s private sector exports is expected to exceed QR2bn this year, according to an official of the Qatar Export Development, Finance & Promotion Agency (Tasdeer).Tasdeer executive director Khalid Abdulla al-Mana announced this during the recent launching of Tasdeer’s new trademark, ‘Qatar Exports’, which is seen to usher in a new era of services for Qatari exporters.Tasdeer is the export arm of the Qatar Development Bank (QDB), which was created in 2011 to support the country’s private sector and enhance the presence of Qatari exports in international markets, al-Mana said during a presentation held on the sidelines of the launch event in Doha.In his presentation, al-Mana said: “In 2019, the number of our exporters was 119. In 2024, we currently have 180 customers that are exporting from Qatar, and this number is growing significantly every year. The value of private sector exports in 2019 was QR700mn. In 2024, we are hopefully going to be exceeding QR2bn in terms of private sector exports.”Al-Mana explained that Tasdeer’s success in growing Qatar’s private sector exports abroad is founded on three main pillars: development, promotion, and finance.He said the development pillar is responsible for capacity building through workshops and the ‘Go Global’ incubator, providing international certifications, and a dedicated research team for identifying priority markets and products.Achievements in the development pillar include 74 workshops delivered, 436 individual trainings, 54 country reports, and 367 companies enrolled in publications. This pillar also provides international representation, including Qatar’s representation in the International Trade Centre in Geneva and memberships in the Amman Union and the Berne Union, al-Mana pointed out.He said Tasdeer’s activities under the promotion pillar include the participation in 10 to 12 exhibitions annually and the conduct of three large trade missions and matchmaking events yearly.“In terms of promotion, through our matchmaking events and our exhibitions, we have already booked orders of over QR5bn, of which around QR2bn was in 2024, so we can see the increase of exports happening in recent years.“For our Saudi Arabia office, which is our first international office launched in January this year, we have served 46 Qatari companies, identified 232 buyers in Saudi Arabia, and booked orders worth more than QR300mn so far. With this success, we hope that we can go into new markets utilising this same model of opening trade offices beyond Qatar,” al-Mana explained.In an earlier statement, QDB emphasised that it plans to open other ‘Qatar Exports’ offices across the region and in other countries. “In line with its revamped strategy, QDB will first cement Qatar’s presence in regional markets across the GCC before expanding to international ones, all while strengthening Qatar’s trade partnerships with neighbouring countries and other strategic markets, according to its export priorities,” the statement pointed out.QDB added: “These offices will streamline the entry of Qatari products and services to new markets and facilitate matchmaking between Qatari exporters and international buyers, while also providing exporters with valuable insights on laws, regulations, and market opportunities.”Speaking at the launching ceremony, QDB CEO Abdulrahman Hesham al-Sowaidi said: “We have accompanied Qatari exporters through all stages of their journey, from securing and promoting their exports to providing financing solutions to sustain their growth. Our efforts enabled Qatari companies to access 98 international markets by the end of last year.“Today, we reaffirm our commitment to developing our services and improving our operations to boost the competitiveness of Qatari products and streamline access to international markets.”Al-Sowaidi added: “Through this initiative, we seek to strengthen Qatar’s global presence and enable Qatari SMEs to export their products to new markets in line with the Third National Development Strategy, reflecting our strong belief in the key role that exports play in enhancing Qatar’s position in international trade.“Introducing ‘Qatar Exports’ represents a strategic step towards achieving our aspirations in terms of empowering the private sector to contribute effectively to Qatar’s sustainable development.”

The new trademark of Tasdeer, Qatar Development Bank’s (QDB) Export Development, Finance, and Promotion Agency, is seen to usher in a new era of services for Qatari exporters.QDB CEO Abdulrahman Hesham al-Sowaidi made the statement during the recent launching of the trademark ‘Qatar Exports’ as part of efforts to boost Qatari exports, enhance the competitiveness of Qatari products and streamline access to global markets.The event showcased QDB’s latest initiatives and solutions in providing financial and logistical support to Qatari exporters to enhance competitiveness in international markets and an important step towards achieving the Qatar National Vision 2030, which seeks to diversify the economy and reduce dependence on the energy sector.Al-Sowaidi said over the years, Tasdeer has worked to modernise and develop various services and programmes to keep up with the latest developments and changing market dynamics.“We have accompanied Qatari exporters through all stages of their journey, from securing and promoting their exports to providing financing solutions to sustain their growth. Our efforts enabled Qatari companies to access 98 international markets by the end of last year.“Through this initiative, we seek to strengthen Qatar’s global presence and enable Qatari SMEs to export their products to new markets in line with the Third National Development Strategy, reflecting our strong belief in the key role that exports play in enhancing Qatar’s position in international trade.”“Introducing ‘Qatar Exports’ represents a strategic step towards achieving our aspirations in terms of empowering the private sector to contribute effectively to Qatar’s sustainable development.”In the context of its latest initiative, QDB plans to open Qatar Exports offices across the region and throughout the world. In line with its revamped strategy, QDB will first cement Qatar’s presence in regional markets across the GCC before expanding to international ones, all while strengthening Qatar’s trade partnerships with neighbouring countries and other strategic markets, according to its export priorities.These offices will streamline the entry of Qatari products and services to new markets, and facilitate matchmaking between Qatari exporters and international buyers, while also providing exporters with valuable insights on laws, regulations, and market opportunities.Within the framework of Qatar Exports, QDB introduced ‘Going Global’, a tailor-made bundle of solutions designed to support SMEs in expanding internationally through direct and indirect financing solutions.Under the Buyer’s Credit Programme, QDB provides financial support to enable international buyers to purchase goods, raw materials, machinery, equipment, and services from Qatari exporting companies leveraging Sharia-compliant, flexible and long-term payment terms. Through this programme, QDB provides attractive credit solutions to international clients of Qatari exporting companies on par with major international export credit agencies. Credit solutions include loans, guarantees, and insurance extending up to 20 years according to the importer’s needs, which would enhance demand for Qatari products.To date, QDB has approved QR2.7bn in long-term buyer credits for GCC importers and provided over QR500mn in medium-term lines of credit to MENA banks, engaging export credit agencies around the world to enable Qatari exporters to participate in international supply chains.Al-Sowaidi said QDB has already concluded memoranda of understanding with export credit agencies in Italy, France, the UK, the US, Saudi Arabia, and Turkiye, among other countries, making it easier for Qatari exporters to engage contractors in these markets.In terms of financing exports, QDB will support companies seeking to kick start or expand their operations overseas through its Internationalisation Financing programme. Under the programme, QDB provides Shariah-compliant direct financing, as well as guarantees to Qatari partner banks and international financial institutions.Qatari exporters can also benefit from the Whole Turnover Insurance, which provides the necessary protection against post-shipment risks if approved overseas buyers fail to pay for exports. The programme is based on flexible and effective mechanisms that save companies time and effort.To support Qatari contractors with their international expansion plans, QDB also introduced the Overseas Contract Financing (OCF) programme, which provides guarantees to Qatari partner banks and international financial institutions. The product covers funding for various international projects, from construction to technical consultancy. Through medium to long-term financing that can be extended based on the contractor’s creditworthiness, OCF enables Qatari contractors to expand to global markets, contributing to the growth of Qatar’s economy.Through this integrated support, QDB continues to serve as a strategic partner for Qatari exporters regardless of their legal structure to enable firms operating in free, economic, and industrial zones, to access its products and services in line with its belief in the importance of diversifying Qatar’s business landscape.

The Department of Trade and Industry (DTI) is strongly banking on its ‘Halal-Friendly Philippines’ campaign to foster robust collaboration with its international partners and enhance the country’s presence in the Southeast Asia and the Gulf Co-operation Council (GCC) regions, an official has said.Aleem Siddiqui M Guiapal, the Director and Programme Manager of the DTI’s Halal Industry Development and Trade Office, emphasised that ‘Halal-Friendly Philippines’ is a new brand campaign that is part of the DTI’s comprehensive strategy to enhance and develop the country’s halal industry.To achieve this, Guiapal said, the new brand campaign is being supported by a comprehensive collaboration of multiple government agencies comprising the DTI, the Bangko Sentral ng Pilipinas (The Central Bank of the Philippines), the Department of Science and Technology (DOST), the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), and other halal certification bodies.“Halal-Friendly Philippines is more than a brand campaign - it is about building relationships and strengthening our presence in the Asean and GCC countries,” Guiapal stressed.Guiapal pointed out that the DTI has been venturing out to foreign shores to showcase the Philippines’ burgeoning halal sector and to promote the industry’s vast investment potential by participating in various international exhibitions.Last May, the Philippines debuted at the ‘Halal Expo Canada’, said Guiapal, who added that the country’s most recent milestone was participating in the recently-held Malaysia International Halal Showcase (MIHAS) 2024 in Kuala Lumpur, Malaysia, touted as the “world’s largest halal exhibition.On the sidelines of MIHAS 2024, Guiapal told Gulf Times that Qatar is a “promising market” for the Philippines’ halal export products. According to Guiapal, the country is set to expand its halal product exports by 20% in 2024, building on the current 3,000 halal-certified products already available in various international markets.Qatar is among the GCC countries being eyed by the DTI for a planned halal roadshow in 2025. This year, the DTI is expected to promote the Philippines’ halal products in Saudi Arabia and the UAE.“These roadshows provide opportunities for micro, small and medium-sized enterprises (MSMEs) in the Philippines to access international markets, which not only increases the presence of our halal export products but contributes to the growth of the country’s trade with other countries,” Guiapal said.To tap GCC markets like the UAE, Guiapal said he met with Rajmal Rafeeque, country manager for LuLu Hypermarket’s Philippines operations, to explore opportunities for local halal producers and MSMEs to expand their reach internationally.“The Philippines has been setting certain milestones in the halal sector. The country is the winner of the ‘Emerging Muslim-friendly Destination of the Year for Non-OlC’ and ranked seventh in the ‘Top 20 Non-OIC Destinations’ in the Global Muslim Travel Index (GMTI).“The country registered half a million Islamic tourists in 2023. Currently, the Philippines has 237 Muslim-friendly restaurants and 28 Muslim-friendly establishments, as well as 17 recognised halal and organic agriculture enterprises. P5mn worth of animals are for distribution in areas covered by the halal multiplier farms,” Guiapal emphasised.

The internationalisation of the Malaysia International Halal Showcase (MIHAS) acknowledges the importance of extending the annual halal exhibition’s reputation beyond domestic borders, the top official of the Malaysia External Trade Development Corporation (MATRADE) has said.MATRADE chairman Reezal Merican Naina Merican told reporters on the sidelines of the recently concluded MIHAS 2024 in Kuala Lumpur that the event is poised for international expansion, first in Dubai from November 18 to 20, and followed by China and other European countries.“We are set to organise ‘MIHAS@Dubai’, which will be held within the ‘Middle East Organic and Natural Products Expo’, featuring a 600-strong Malaysian delegation occupying 200 booths.“This move aims to tap into the Middle East and North Africa (Mena) region, which is a key market with significant potential. This expansion offers Malaysian companies direct access to one of the world’s most dynamic halal markets and provides international businesses with yet another platform to engage with the Malaysian halal industry players,” Merican said in a speech.According to Merican, halal “has stood as a beacon of innovation and opportunity in the global market,” thus MATRADE’s efforts of charting a new course for the future of the global halal market.Merican said the clusters to be showcased during ‘MIHAS@Dubai’ will include sectors, such as beauty care, healthcare and wellness, franchise, lifestyle, food and beverages (F&B), Muslim-friendly travel, Islamic finance, and many other halal sectors and products.“The internationalisation of MIHAS is crucial to our success and underscores our commitment to advancing Malaysian businesses in the global halal market. By elevating the MIHAS brand to new heights, we aim to position it alongside the leading global exhibitions, which demonstrates our strong dedication to achieving excellence at the global fora,” Merican explained.Figures provided by MATRADE revealed that Malaysia’s halal export value is expected to reach nearly RM55bn in 2024, marking the second consecutive year it has surpassed the RM50bn mark.Merican noted that this signifies the robust performance of Malaysia’s halal sector, which is mainly contributed by a variety of products, F&B, halal ingredients, cosmetics, palm oil derivatives, and industrial, chemical, and pharmaceuticals.He said, “The scale of the opportunities in the global halal market before Malaysia is indeed sizeable. The global halal market now is expected to grow to $5tn by 2030. This isn’t just a number. It represents a seismic shift in consumer preference and market dynamics.“With the global Muslim consumer and population expected to reach 2.2bn, accounting for 26%of the entire world population, the demand for halal products and services is set to rise.”Merican added: “But what makes this market truly fascinating is its broad appeal, which extends far beyond the Muslim demographic. This demonstrates that halal is no longer merely a religious requirement, but it has also become a global standard for quality, safety, and ethical production.”

Kuala Lumpur: The 2024 edition of the Malaysia International Halal Showcase (MIHAS) is seen as a platform for halal businesses in the Philippines to access global markets, such as the Gulf Co-operation Council (GCC) region.Speaking to Gulf Times on the sidelines of MIHAS 2024, Philippine ambassador to Malaysia Maria Angela A Ponce said the administration of President Ferdinand “Bongbong” Marcos, Jr is keen on forging stronger collaboration with Malaysia to boost the Philippines’ halal industry.Ponce also underscored the significance of MIHAS’ role in giving Malaysia’s micro, small and medium-sized enterprises (MSMEs) access to global markets, which the Philippines could emulate.This opportunity for MSMEs to go global was emphasised by Tengku Zafrul Aziz, Malaysia’s Minister of Investment, Trade and Industry, when he addressed the opening ceremony of MIHAS 2024, held recently in Kuala Lumpur.Aziz said, “MIHAS offers companies, especially MSMEs, a chance to showcase their innovative products not only to the 2bn Muslims worldwide but also to a growing global audience that is increasingly embracing the halal concept.”Citing national carriers from non-Muslim countries, Aziz noted that many of these airlines now offer halal food on certain flight routes, eliminating the need for special requests.“This creates significant opportunities for Malaysian companies and MSMEs to integrate into the global Halal supply chain...MIHAS serves as a key driver in developing more ‘halal champions’ within the local industry. It alsobolsters Malaysia’s position as a prominent halal hub both regionally and globally,” the minister emphasised.Meanwhile, the ambassador noted, “Malaysia is truly the showcase for the halal industry, and that is why halal co-operation with Malaysia is a priority for both President Marcos and various agencies of the Philippine government.”“Part of that co-operation involves engaging with our Halal Development Board, as well as capacity building, because we want to learn from Malaysia. We want to see what they are doing, what their best practices are, and how they are succeeding,” Ponce explained.According to Ponce, the Malaysian government, through the Malaysian Technical Co-operation Programme (MTCP), accommodates the Philippines’ requests for training in halal tourism and halal certification, as well as in Islamic finance.“We believe there is a recognition that halal is not just one industry; it’s not just accreditation, it’s not just trade, it’s not just food — it’s a whole ecosystem. And that’s what we’re learning from Malaysia; that’s what we’re trying to glean from their best practices.”The ambassador noted that Malaysian halal certification could serve as a springboard for Philippine companies and MSMEs in accessing Middle Eastern markets, such as Qatar.“Many of the Middle East markets also look to certification from Malaysia, including what Malaysia does and what products are certified there. Then, they get an idea of what products they would like to bring to the Middle East.“So in that sense, that’s how I think our MSMEs can benefit and can also capitalise on it so that they can be able to access the Middle Eastern market,” the ambassador explained.

Kuala Lumpur: Knowledge exchange and the sharing of best practices between companies in Qatar and Malaysia will play a key role in the development and growth of both nations’ entrepreneurial and manufacturing sectors. Dr Sana al-Dawaimeh, the owner of Doha-based cosmetics company Magic Touch, made the statement on Wednesday on the sidelines of this year’s International Sourcing Programme (INSP) held at the headquarters of the Malaysia External Trade Development Corporation (MATRADE) here. The INSP is MATRADE’s flagship business matching event organised annually in conjunction with the Malaysia International Halal Showcase (MIHAS) 2024, which concluded recently. Al-Dawaimeh told Gulf Times that Magic Touch is an enterprise that initially started off as a modest factory specialising in organic oils and natural beauty products. She actively engages in international exhibitions, seeking to explore new markets and broaden the company’s network of suppliers for various cosmetic products. She expressed great admiration for halal products manufactured in Malaysia, saying many of the country’s cosmetics products are “perfect” for the Qatari market. Al-Dawaimeh, who represented one of the four companies from Qatar participating in INSP MIHAS 2024, pointed out that her company was in the country once again to further explore the Malaysian halal cosmetics market and introduce more products to Qatar. She also emphasised that combining Qatari and Malaysian expertise and best practices will contribute to her company’s plans to expand its domestic operations by manufacturing halal cosmetics products bearing the “Made in Qatar” trademark. MATRADE CEO Mohd Mustafa Abdul Aziz said INSP MIHAS 2024 attracted at least 250 international buyers, including 20 premium buyers representing 40 countries. “Our global network of 49 trade offices have successfully secured the participation of leading international buyers, underscoring the event’s growing prominence in the global Halal marketplace,” Aziz emphasised. The 250 international buyers include those from Europe, South Asia, China and Northeast Asia, Central Asia, and the Americas, he said, adding that the 20 premium buyers represent large hypermarkets and retailers with nationwide outlets from the US, India, the UK, Taiwan, Hong Kong, Kazakhstan, and Uzbekistan. “Collectively, these buyers generated a revenue of more than $60bn in 2023. The participation of these 250 international buyers is expected to generate a potential sourcing value of more than RM1bn,” he said. Aziz stressed that these business deals will have significant impact on the domestic economy and can support the exporters in terms of creating job opportunities. The event also hosted several business-matching sessions, fostering new partnerships and expanding market access for Malaysian businesses, said Aziz, adding that INSP MIHAS 2024 facilitated at least 2,500 business matching sessions. Emphasising the strategic importance of INSP MIHAS 2024, Aziz said: “This programme is instrumental in strengthening international trade relations, expanding market access for Malaysian businesses, and contributing to the development of sustainable global supply chains. It represents a critical component in our efforts to position Malaysia as a key player in the international Halal ecosystem.”

The Philippines has consolidated a well-built team of government agencies to ramp up the country’s halal ecosystem, allowing industry stakeholders to tap foreign markets, such as the Gulf Co-operation Council (GCC), an official of the Department of Trade and Industry (DTI) has said.“We see the opportunity to be present in Gulf Co-operation Council countries. We want our programmes and initiatives to be felt there,” said Aleem Siddiqui M Guiapal, Director and Programme Manager of the DTI’s Halal Industry Development and Trade Office.In an exclusive interview with Gulf Times on the sidelines of the Malaysia International Halal Showcase (MIHAS) 2024, which concluded here today, Guiapal provided an outline of the Philippines’ ambitious plans to expand its halal industry.According to Guiapal, part of the DTI’s comprehensive strategy to enhance and develop the Southeast Asian nation’s halal sector was the launch of a new brand campaign titled ‘Halal Brand in the Philippines’.Guiapal explained that the initiative is an integral part of a broader effort of the administration of President Ferdinand “Bongbong” Marcos, Jr to boost the Philippines’ halal exports, particularly in the GCC region.Guiapal underscored the growing number of Philippine halal-certified products and services, which currently stand at 3,000. He emphasised that the DTI aims to increase this number by 20% annually until the end of Marcos’ term, targeting approximately some 5,000 certifications.To achieve this goal, Guiapal explained that the DTI is collaborating with various government agencies, including the Bangko Sentral ng Pilipinas (Central Bank of the Philippines), Department of Science and Technology (DOST), Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), and other halal certification bodies.“We are in unison with a more comprehensive, inclusive campaign for the Philippines. For the Philippine delegation’s participation at MIHAS 2024, we didn’t come only to bring our companies, but we also brought government institutions, especially the members of the board of the Philippine Halal Export Development and Promotion Programme,” Guiapal said, adding that the government sent more than 90 delegation members to the event.Guiapal announced that the DOST has already established four halal testing centres across the Philippines. He also explained the DTI’s strategy, which is built on four key pillars: halal integrity, investment promotion, industry development, and capacity building.“The DTI is focusing on crucial branding and protecting the integrity of halal-certified products. The Philippines is also increasing investments in the halal sector, developing small and medium-sized enterprises and increasing the number of halal-certified SMEs, and addressing knowledge building in the sector,” Guiapal pointed out.Guiapal also announced plans of the DTI to hold a Philippine halal roadshow in Saudi Arabia and the UAE this year as part of significant efforts to penetrate the GCC market, with plans to expand to Qatar by 2025.“Qatar is a promising market for Philippine halal products,” highlighted Guiapal, who added that the DTI has ongoing discussions with the Philippine Chamber of Commerce and Industry (PCCI) to launch a roadshow in the GCC.Guiapal also said the Philippines is set to launch its first Philippine Halal Expo from November 14 to 16, 2024, further demonstrating the country’s commitment to becoming a significant player in the global halal market.

Qatar-infused investments could play a central role in the development of the Philippines’ experiential tourism sector and enhance the halal-preparedness of its hospitality industry, an official of the Department of Trade and Industry (DTI) has said.Aleem Siddiqui M Guiapal, the Director and Programme Manager of the DTI’s Halal Industry Development and Trade Office, spoke to Gulf Times on the sidelines of the Malaysia International Halal Showcase (MIHAS) 2024 here, where more than 20 Philippine companies are participating.Guiapal emphasised that the country has a sizeable market that could attract Qatari investments for a diverse range of halal-related projects.“The Philippines has the third-largest Muslim population in Southeast Asia, with about 12mn people, providing a ready market for halal products and services,” Guiapal pointed out.In terms of legal framework, the DTI official said the Philippine government has implemented laws supporting halal product development, investment incentives, and the establishment of Islamic banks.“Most importantly, the Philippines has the political will to push for a highly-developed halal industry. President Marcos has shown strong support for the industry, establishing a ‘green lane’ for halal as a ‘sunrise industry’,” Guiapal stressed.He said the DTI is in talks with the Philippine Chamber of Commerce and Industry (PCCI) for a potential investment roadshow to GCC countries, such as Saudi Arabia, the UAE, and Qatar, to explore, promote, and identify investment opportunities in various sectors.Highlighting potential investment opportunities in various areas of the Philippines, Guiapal noted that the Clark Freeport, which is home to the Clark International Airport, “is a very good destination for experiential tourism.”He said Middle Eastern airlines like Emirates, Turkish Airline, and Qatar Airways are now landing at the Clark airport, thus helping drive higher international tourist footfall in the area.Middle Eastern nationals, such as Qataris, are known for their higher spending when they travel, noted Guiapal, who said: “When going on holiday, most Qataris bring their entire family. This presents a significant opportunity for the Philippine tourism sector, especially if it can address the need for halal-friendly facilities and services.”Guiapal emphasised that Department of Tourism (DOT) Secretary Christina Garcia Frasco has been actively promoting the “Muslim-friendly Philippines” tagline, which aligns with the DTI’s initaitives to develop the country’s halal industry.“We’re promoting the country as ‘Halal-Friendly Philippines’. It’s a comprehensive, inclusive, ‘all of government’ approach to support the Philippine government’s initiative to develop the industry,” Guiapal noted.Complementing these investment opportunities, Guiapal also lauded the role of LuLu Group International in elevating the presence of Philippine products in GCC countries like Qatar.Through its sourcing and distribution centre at the Calamba Premiere International Park in Calamba, Laguna, Guiapal emphasised that LuLu is expected to increase the visibility and the availability of many Philippine halal products via its extensive network of hypermarket across the Gulf region.“LuLu’s requirement for halal certification aligns perfectly with the DTI’s goal of expanding the country’s halal product offerings.“The DTI believes its partnership with LuLu Group International is a significant step in promoting Philippine halal products in global markets and strengthening economic ties with Qatar and other GCC countries,” Guiapal emphasised.