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Tuesday, March 19, 2024 | Daily Newspaper published by GPPC Doha, Qatar.
 Peter Alagos
Peter Alagos
Peter Alagos reports on Business and general news for Gulf Times. He is a Kapampangan journalist with a writing career of almost 30 years. His photographs have been published in several books, including a book on the 1991 Mt. Pinatubo eruption launched by former Philippine president Fidel V. Ramos. Peter has also taught journalism in two universities.
Gulf Times
Business
Land development, infra projects to boost design, contracting sectors

The development of citizens’ lands, completion of the infrastructure projects, and projects related to 2022 FIFA World Cup, as well as the momentum of government spending on projects, would stimulate the recovery of the construction, design, and contracting sectors. Rawad Sleem, co-founder and general manager of NeXTfairs for Exhibitions and Conferences made the statement during a press conference Monday on ‘Build Your House’ (BYH) 2021 exhibition. He also said the private sector, which is considered a major partner in the development process, would “actively participate” in these projects supported by the government. Sleem underscored that the 2021 state budget has a list of new approved projects, in coordination with Public Works Authority Ashghal at a value of QR53.9bn scheduled to be awarded from 2021 to 2023. Citing figures from the Ministry of Finance, Sleem said 5,045 plots in new citizens’ subdivisions were delivered with integrated infrastructure, including roads, sewage networks, traffic management, surface, and underground water drainage networks, lighting poles, and communication networks, water and electricity networks by Kahramaa within 2020. “The 2021 budget puts the development of citizens’ lands at the top of its priorities through two phases at a total cost of QR37bn. The cost of the first phase of developing citizen’s lands is QR16.5bn, which includes a total of 11,989 plots in 13 areas, while the cost of the second phase is QR20.5bn, which includes 21,424 plots distributed over 19 areas, in addition to projects in health and education,” Sleem said. Speaking on BYH 2021, Sleem said raffle draw prizes will also be given during the exhibition for the first time with one visitor winning a 2021 Ford Ranger XLS grand prize. Furthermore, winners of the interior design competition will showcase their designs to the public. An online pre-registration will be required to attend the exhibition, said Sleem, adding that the wearing of masks and social distancing would be maintained during the event.

The webinar, u2018Bilateral and Synergistic Opportunities between Qatar and Australiau2019, was moderated by Doha Bank CEO Dr R Seetharaman in the presence of Saad aI-Shareef, Qataru2019s ambassador to Australia; Jonathan Muir, Australiau2019s ambassador to Qatar; and Hilton Wood, chief representative, Doha Bank Australia Representative Office.
Business
Fintech, ‘foodtech’ among new sectors to boost Qatar-Australia trade ties, says Australian trade commissioner

Financial Technology (fintech), ‘agtech’, ‘foodtech’, and ‘medtech’ are among the new sectors that would help boost trade opportunities between Australia and Qatar, according to Moin Anwar, Trade and Investment Commissioner (Middle East) at New South Wales Government, Australia. Anwar made the statement in a presentation titled ‘Sectors of Focus between NSW and Qatar and the Customer Engagement with Qatar Given the Current Travel Restrictions’ during a webinar hosted recently by Doha Bank. The webinar, ‘Bilateral and Synergistic Opportunities between Qatar and Australia’, was moderated by Doha Bank CEO Dr R Seetharaman in the presence of Saad aI-Shareef, Qatar’s ambassador to Australia; Jonathan Muir, Australia’s ambassador to Qatar; and Hilton Wood, chief representative, Doha Bank Australia Representative Office. In his presentation, Anwar noted that opportunities to further grow Qatar-Australia trade are in the food and beverage (F&B), building and construction, education, and healthcare sectors. He said, “We are working with Doha Bank to facilitate trade and investment between Qatar and Australia…NSW is the recipient of agriculture investment from Qatar that includes logistics and infrastructure. Investments are also received from Qatar Investment Authority (QIA). The game-changer was Qatar Airways’ non-stop flight to Sydney. Qatar provides opportunities for Australian exports in food, construction, and much more.” Anwar added: “From an investment perspective, NSW has recently created Special Activation Precincts (SAPs) where investors can look for opportunities in logistics, manufacturing, and energy. The Western Sydney Aerotropolis will become an economic centre. The new Sydney Airport is set to begin operations in 2026. “The food, manufacturing, and other sectors are expected to provide opportunities from these developments…staying connected is vital to promote bilateral opportunities. Technology will attract bilateral investment between countries.” In a speech, al-Shareef said: “Today, Qatar stands as an attractive choice for foreign investors. There are many synergies that exist between Qatar and Australia, and businesspeople can explore and capture the potentials for post-pandemic economic recovery.” Muir also lauded Qatar Airways’ “aggressive crisis strategy,” saying this allowed the State’s national airline to take “a greater share of both the passenger and cargo market globally.” He also said QIA is seeking to expand its footprint in Australia: “As part of this, QIA recently established an Asia regional office in Singapore, making it even easier for Australian investors to engage.” On reduced non-tariff barriers for Australian goods and services, Muir said: “Australia will continue to press Qatar to increase the shelf life of Australian vacuum-packed beef from 90 to 120 days to be in line with GCC standards.” Seetharaman said, “Qatar-Australia trade exceeded AUS$2bn in 2019-2020. Qatar Airways brought Australians home during Covid-19. Australia is an important market for Qatar Airways. Agriculture is one of the largest areas of Qatari investments in Australia. Other attractive sectors include infrastructure, roads, railways, and airports. Huge potential is looming in real estate, office buildings, and luxury hotels.” “Qatar’s trade surplus had surged year-on-year in June 2021. The promising investment sectors in Qatar include fintech, healthcare, logistics, and education,” Seetharaman also said.

Gulf Times
Business
QDB calls on innovative thinkers to join Qatar’s ‘most inclusive’ hackathon

Qatar Development Bank (QDB) has launched its latest hackathon – Qatar’s largest initiative of its kind, and is inviting all entrepreneurs and innovative thinkers from all sectors and domains to share their creative ideas and cutting-edge solutions for today’s most relevant challenges across seven industry-specific themes: ‘sportstech’, fintech, ‘healthtech’, ‘fashiontech’, digital transformation, manufacturing, and sustainable mobility with 5G. The hackathon will be held in collaboration with Workinton as the venue partner and Amazon Web Services as the technology partner, as well as Virginia Commonwealth University, Qatar Shell, and Alurays Middle East Lighting Technology as the event’s ‘knowledge partners’. Through a collaborative framework, the competition will be operated by QDB’s leading incubation and acceleration platforms, with each incubator and accelerator overseeing the challenges related to its domain. These include Qatar Business Incubation Centre, Qatar SportsTech, Qatar FinTech Hub, Scale 7, Factory One, and FabLab, in addition to Ooredoo’s Digital & Beyond incubator. According to QDB, the hackathon, which will be delivered in a hybrid format that blends virtual and face-to-face engagements, will address many contemporary challenges that aim to unlock the capabilities and innovative ideas of Qatar’s aspiring entrepreneurs, its brightest thinkers, innovators, businessmen, and professionals, as well as anyone with the capacity to offer creative solutions to pressing challenges. The event will be held from September 30 to October 2, 2021; the final date to submit applications will be September 26, 2021. Each winning team in one of the seven themes of the hackathon will receive up to QR25,000 to further develop their idea, seats in one of QDB’s incubation programmes with the opportunity to establish their commercial venture, access of up to QR500,000 in investment and support services that include training and mentoring sessions with prominent local and international coaches, the opportunity to expand their network of collaborators and partners, and access to investors to validate their business idea. QDB CEO Abdulaziz Nasser al-Khalifa said the challenge embraces an expanded scope of ‘not one or two’ but seven sectors and industries that play an instrumental role in the Qatari economy. He added: “The hackathon’s premise is based on stimulating innovative thinking in everyone without exception and investing it in introducing practical and marketable solutions to the business arena. “This competitive celebration of talent supports the entrepreneurship ecosystem in the country by honouring the values of innovation and creativity across seven different themes, and will enrich the business community with a wide range of innovative solutions that can benefit the national economy.” Entrepreneurs can participate and present their innovative solutions in one of the hackathon’s seven themes, which include healthtech and the development of patient care experiences and engagements, sportstech and the development of fan-viewing experiences for traditional or virtual sports, and sustainable mobility solutions that leverage 5G technologies to reduce travel times and emissions and connect people more efficiently. This is in addition to digital transformation and the development of institutional practices and consumer experiences, innovative fintech solutions, fashiontech innovations in the fashion and design domain, and finally, manufacturing-focused solutions that use digital technologies, such as artificial intelligence and machine learning to develop smart manufacturing processes or reduce manufacturing’s negative environmental impact through more sustainable processes. QDB encourages all interested entrepreneurs, creative thinkers, inventors, innovators, and professionals in Qatar to take part in the hackathon and take advantage of this opportunity to put forth their creative solutions and contribute to the Qatari economy. The terms and conditions for participation and more details on the hackathon are available at www.qdbhackathon.qa. Ends

u201cThere has been an increase in the volume of foodstuff exports from Italy to Qatar, Prunas said, citing the quality of Italian food products and the efforts of the Italian Trade Agency (ITA) in Doha, which previously forged an agreement with LuLu Hypermarket for the sourcing of exports from Coldiretti, Italyu2019s national association of farmers representing 500,000 producers.
Qatar
Qatar-Italy trade up 38% in H1 2021, says Italian trade commissioner

Italy continues to maintain robust trade relations with Qatar despite the impact of the Covid-19 pandemic, according to Italian ambassador Alessandro Prunas, who noted a growth in the export of a wide range of foodstuffs. “There has been an increase in the volume of foodstuff exports from Italy to Qatar, Prunas said, citing the quality of Italian food products and the efforts of the Italian Trade Agency (ITA) in Doha, which previously forged an agreement with LuLu Hypermarket for the sourcing of exports from Coldiretti, Italy’s national association of farmers representing 500,000 producers. Prunas explained that the agreement allows LuLu direct access to high-quality farmers’ produce at lower prices. “This partnership has grown steadily to a point that LuLu has opened a warehouse in Milan, which is expected to be inaugurated next month. This facility will have a positive impact on Qatar-Italy trade relations and it will also play a significant role in increasing Italian food exports to Qatar,” the ambassador further said. Despite the impact of the pandemic, the overall exchange between Italy and Qatar reached €1.2bn or a 37.5% growth in the first half of 2021, said ITA trade commissioner Giosafat Rigano. “There was a rebound in the economic relations between our two countries. In terms of agri-foods, Italian exports to Qatar amounted to €30mn or a growth of 3%,” he said. In terms of sectors, Rigano bared that the ITA recorded growth in machinery (45%), furniture (42%), fashion (41%), and agri-food. Underscoring the ITA’s agreement with LuLu, Rigano said LuLu Hypermarket Qatar orders “more than €12mn worth of new Italian food products in a year.” Dr Mohamed Althaf, director, LuLu Group International, commended the partnership with the ITA and the Italian embassy in Doha, saying “this helped promote more trade and led to a Qatari hypermarket company establishing a distribution centre in Milan, Italy.” “Whatever increment we have recorded from these increase in the items on our shelves has come from totally new categories and products, so that is not a traditional revenue stream,” Althaf stressed. Earlier, LuLu Hypermarket Qatar launched the ‘Let’s Eatalian Festival’, in cooperation with the ITA, which is the Ministry of Foreign Affairs and International Cooperation and Trade Promotion Section of the Italian Embassy in Qatar. The festival is showcasing a wide range of Italian products, which is highlighting “Italian excellence” in the food sector – from fresh fruits and vegetables to cheeses and dairy products, olive oil to pasta, sauces and salad dressings like balsamic vinegar, canned vegetables, and canned tomato, as well as top-quality Italian rice, confectionery, coffee, biscuits, chocolates, sauces, spices, and condiments, among many others. Ends

QIBC president Farhan al-Sayed.
Business
Qatar businesses ‘working hard’ to meet customer needs, says business council executive

The steady increase in commercial activity stemming from the gradual relaxing of Covid-19 protocols in Qatar has been providing local businesses with much-needed relief from the economic impact of the pandemic, according to an official of the Qatar-Indonesia Business Council (QIBC). “Despite the pandemic’s prolonged impact, Qatar’s local market has shown astounding recovery in recent days. More activity is happening as the schools and universities are open, and citizens and expatriates have returned from their summer breaks. “Traders are very optimistic, while local businesses have been patient and are working hard to cater to the needs of consumers, QIBC president Farhan al-Sayed told Gulf Times. Al-Sayed also lauded government policies that led to what he describes as a “rejuvenation” of the economy. “Oil and gas prices have shown stunning recovery in recent weeks, which helped boost not only the economy but also the local businesses. Also, high hydrocarbon prices will assure that the projects in line with the Qatar National Vision 2030 will progress smoothly,” he explained. He noted that commercial activity is also driving domestic tourism as malls, restaurants, and other retail establishments are receiving more customers. “The influx of tourists to Qatar is strongly supporting the country’s hospitality industry. Soon, Qatar will be hosting the first edition of the 2021 FIFA Arab Cup with 16 Arab countries participating. This will be an added incentive to the local markets,” said al-Sayed, who is also the president of the International Walking Football Federation for Asia and Qatar. In its performance report for the first half of 2021, Qatar Tourism stated that “the upswings in Qatar’s accommodation sector can primarily be attributed to an increase in domestic tourism. Due to the global Covid-19 pandemic, the number of international visitors in the first six months of 2021 remained low. “International visitation decreased by 82% in H1 2021 as compared to H1 2020. This decline is largely due to very strong visitor arrivals figures for January and February 2020, just prior to border closures in March 2020.” The report added: “With the partial reopening of the country’s borders in July 2021, business and leisure visitation is returning. Accommodation performance and international visitation should continue to rise as international tourism slowly resumes. “In addition to the reopening of the country’s borders, high vaccination rates, the issuance of approvals for hosting and organising events, and necessary business activity will support the gradual recovery of Qatar’s tourism and affiliated sub-sectors, such as aviation, hospitality, entertainment, and retail. Furthermore, Qatar’s government is keen to provide safe and enjoyable travel experiences for international visitors and is taking all necessary precautions to ensure visitors have a safe experience.”    

Australian Ambassador Jonathan Muir
Business
Qatar-Australia trade remains ‘robust’ despite pandemic, says Australian envoy

Notwithstanding the economic impact of the Covid-19 pandemic, the flow of goods between Qatar and Australia remained robust, “highlighting strength and complementarity” for both economies, ambassador Jonathan Muir stressed during a webinar held on Wednesday. “The health crisis provided an opportunity to increase our food exports with the continuity of Qatar Airways…Qatar stepped in to become a re-exporter of Australian produce enabled by its excellent infrastructure in aviation,” Muir explained, adding that the prospects for future economic and commercial collaboration between Qatar and Australia “are strong.” Muir was among the speakers at Doha Bank’s webinar titled ‘Bilateral & Synergistic Opportunities between Qatar and Australia’. He was joined by Saad al-Shareef, Qatar’s ambassador to Australia; Moin Anwwar, Trade & Investment commissioner (Middle East), New South Wales Government Australia; Hilton Wood, chief representative, Doha Bank Australia Representative Office; and Doha Bank CEO Dr R Seetharaman, who moderated the event. Al-Shareef said logistics is a “promising’ sector for small and medium-sized enterprises (SMEs). He also underscored the “many synergies” that exist between Qatar and Australia, citing growth in areas, such as the financial sector, education, agri-business, infrastructure, digital economy, and logistics and supply chains. Seetharaman told the webinar that Qatar is Australia’s second-largest trading partner in the Middle East and North Africa (Mena) region. Muir said Qatar’s investments in Australia are estimated at AUS$3bn in the property, logistics, agriculture, and energy sectors, citing Qatar Investment Authority and Nebras Power, among others. He stressed that the Australian government’s overall economic and commercial priorities remain in growth and diversification of exports to Qatar and increased sovereign and private investment in Australia, including funding for research and innovation. The ambassador also emphasised that Australia will continue to focus on supporting four priority export sectors: food and agriculture, infrastructure, resources and energy, and advanced manufacturing. “Despite a really successful drive to develop a domestic agriculture sector, Qatar’s climate will remain a quality supply chain,” said Muir, adding that Australia’s direct food exports to Qatar “have grown very rapidly” because of the State’s “high-quality port and infrastructure.” Muir said that while large-scale infrastructure work related to the 2022 FIFA World Cup is nearing completion, “there are still smaller services and related opportunities” that are available. “There are growing opportunities in facilities management as we move from construction to maintenance phase,” he noted. He said Qatar has also been a “major source” of research funding over the past few years with 24 Australian universities with joint research projects with Qatar Foundation. Qatar’s incubator space will also benefit Australian startups and scaleups seeking capital, the ambassador said, adding that Qatar is also seeking partnerships with Australia in Financial Technology (Fintech).    

Italian ambassador Alessandro Prunas gesturing before Director of LuLu Group International, Dr Mohamed Althaf, during a tour of the u2018Letu2019s Eatalian Festivalu2019, which was launched Monday at LuLu Hypermarket Al Mesila branch. They are joined by Italian trade commissioner Giosafat Rigano and LuLu regional manager Shanavas P M, as well as other dignitaries. PICTURE: Feroz Ahamed.
Qatar
LuLu-Italy ties result in surge in Italian food exports to Qatar, says envoy

LuLu Hypermarket Qatar’s longstanding partnership with the Italian Trade Agency (ITA) has helped usher in growth in Italian food exports to Qatar, according to Italy’s top diplomat in Qatar. Speaking at the inauguration of the ‘Let’s Eatalian Festival’ on Monday, ambassador Alessandro Prunas lauded the partnership forged between LuLu Hypermarket Qatar the ITA, which is the Ministry of Foreign Affairs and International Cooperation and Trade Promotion Section of the Italian Embassy in Qatar. “The partnership is growing fast in terms of increasing the availability of Italian products in Qatar. I am really happy to see that the range of products that LuLu is bringing from Italy to Qatar through the agreement between LuLu and Italian Trade Agency,” said Prunas, who noted that both the quantity and quality of Italian products on LuLu store shelves have increased throughout the years. He said, “Italy offers quality food products in large quantities. Italian food is always associated with high-quality and healthy products. Eating Italian food products means eating healthy. Through the bridge that we created through LuLu, we are expanding a culture of nutrition, which is very important.” Italian Trade Commissioner to Qatar Giosafat Rigano underscored the importance of the ‘Let’s Eatalian Festival’ in promoting Italian products in Qatar, and stressed that the upcoming opening of LuLu’s new business hub in Milan, Italy will contribute to the further growth of Italian food exports to Qatar and elsewhere. “The new LuLu facility in Italy will open doors for new projects, initiatives, and promotional activities to enhance imports from Italy to Qatar,” he stressed. Describing LuLu Hypermarket as an “extraordinary partner” of the ITA, Rigano said: “I feel proud to be in partnership with LuLu during the past four years. We made great achievements in enhancing imports from Italy to Qatar.” Director of LuLu Group International, Dr Mohamed Althaf, said the ‘Let’s Eatalian Festival’, which carries the theme ‘Let’s Eatalian - Authentically Italian Products Promotion in Qatar 2020-2021’, “is generating tremendous popularity” and is attracting a large number of visitors. “Visitors will find a lot of innovation at the festival. I am happy to announce that many new food product categories that are not typically associated with other supermarkets in Qatar are being showcased at the festival,” emphasised Althaf, who added that this reflects the commitment and support that LuLu has received from ITA in facilitating the import of quality products from Italy to Qatar. “We have fantastic ranges of Italian food items, which are now expanding. Italian food is very popular in taste, quality, and safety standards. In addition, we are able to bring all functional food categories, such as gluten-free, organic, ‘free from’, and other healthy ranges,” Althaf explained. Ends    

Italian ambassador Alessandro Prunas leads the inauguration of 'Let's Eatalian' yesterday at LuLu Hypermarket Al Messila branch in the presence of Italian Trade Commissioner Giosafat Rigano and Dr Mohamed Althaf, director of Lulu Group International, as well as officials from the ITA, Italian embassy, LuLu Hypermarket, and other dignitaries. PICTURE: Feroz Ahamed.
Qatar
LuLu launches ‘Let's Eatalian’; 51 new Italian brands on showcase

LuLu Hypermarket Qatar launched Monday the ‘Let’s Eatalian Festival’, in cooperation with the Italian Trade Agency (ITA) – the Ministry of Foreign Affairs and International Cooperation and Trade Promotion Section of the Italian Embassy in Qatar. Under the theme ‘Let’s Eatalian - Authentically Italian Products Promotion in Qatar 2020-2021’, the festival is the fourth and the last quarterly edition under the agreement signed in July 2020 between the ITA and LuLu Hypermarket Qatar. This edition is also showcasing 51 new Italian brands on LuLu store shelves. “Under this agreement, the great vision of the ITA and the Italian embassy to promote Italian products is being manifested through LuLu Hypermarket in four quarterly editions,” LuLu noted in a statement. Italian ambassador Alessandro Prunas inaugurated the festival at LuLu Hypermarket Al Messila branch in the presence of Italian Trade Commissioner Giosafat Rigano and Dr Mohamed Althaf, director of Lulu Group International, as well as officials from the ITA, Italian embassy, LuLu Hypermarket, and other dignitaries. In a speech, Prunas explained that the ‘Let’s Eatalian Festival’ is being held at LuLu Hypermarket several times a year: “This is my fourth visit to LuLu Hypermarket to open this Italian festival during my presence in Qatar since the past one and a half year.” The ambassador pointed out that the staging of the festival several times in a year “shows the great partnership between the Embassy of Italy in Qatar and LuLu Hypermarket in holding the festival on regular basis.” The festival is showcasing a wide range of Italian products, which is highlighting “Italian excellence” in the food sector – from fresh fruits and vegetables to cheeses and dairy products, olive oil to pasta, sauces and salad dressings like balsamic vinegar, canned vegetables, and canned tomato, as well as top-quality Italian rice, confectionery, coffee, biscuits, chocolates, sauces, spices, and condiments, among many others. Highlighted by a cookery demo on Italian cuisine, the festival “is a great opportunity” to explore the taste and goodness of Italian ingredients at “deliciously surprising” prices, the LuLu statement noted. According to LuLu, the fourth edition of the promotional campaign, which will run for one week and dedicated to the Italian culinary and food tradition, is largely focused on boosting the sales of authentic Italian food products in Qatar. “Rather than a festival of Italian food, it is more of a celebration of the rich heritage of advances made by Italy in various sectors. As a large-scale importer of Italian products for many decades, LuLu Hypermarket has been conducting the Italian festival for the last 16 years. “Characterised by simplicity, Italian cuisine is known for the least number of ingredients. Pasta, vegetables, olive oil, and fish are a major part of Italian cuisine. Generally, Italian cooks rely chiefly on the quality of the ingredients rather than on elaborate preparation. With Italian food trending worldwide, it is a great opportunity to explore a wide range of new products, favourite classics, and time-tested popular brands of foods,” the statement stressed. Ends    

Tawfeeq Travel Group CEO Rehan Ali Syed.
Business
Phase 4 lifting of Covid curbs seen to benefit Qatar businesses as tourism gains momentum

Local businesses in Qatar stand to gain from the steady momentum the local tourism industry is currently witnessing amid the anticipation of the fourth phase of the lifting of Covid-19 restrictions, according to an industry expert. “Domestic tourism has been booming because of Covid-19 protocols that allow for travel outside the country. With the implementation of Phase 3, outdoor gatherings were permitted, restaurants increased their capacity, park, and beaches were opened, thus, again, attracting outdoor activities along with more entertainment facilities,” Tawfeeq Travel Group CEO Rehan Ali Syed told Gulf Times. In earlier news reports, the Ministry of Public Health (MoPH) stated that Phase 3 allows “private healthcare facilities to operate at full capacity, allowing children in cinemas subject to conditions, increasing the capacity of Doha Metro and public transport, driving schools, wedding halls, barbershops, amusement parks and entertainment centres, museums, libraries, nurseries, educational centres, and private training centres, as well as allowing more people in a group to gather in parks and on beaches and opening playground and exercising equipment there.” Syed explained: “Qatar has several beaches which still remain unexplored, but with the urge to find some new places amongst families, more outdoor destinations have been discovered. Once the fourth phase is implemented, it will boost tourism in the country with meetings, conferences, and events planned for the last quarter. This will create a trickle-down effect that would benefit many sectors in the country, such as the retail industry.” To curb the spread of Covid-19, the MoPH initiated restrictions in four phases. Phase 1 was launched on May 28, followed by Phase 2 on June 18 and Phase 3 on July 9. But the MoPH extended Phase 3 to August. “The fourth phase of lifting Covid-19 restrictions could start by September if the situation continued to improve and remained under control,” Hamad General Hospital medical director Dr Yousef al-Maslamani told Qatar TV earlier last month. Speaking on Qatar’s domestic tourism scene under the extended Phase 3 and possible prospects once the market moves to Phase 4, Syed added that “the FIFA Club matches are already creating frenzy amongst the fans from the region and Asian countries.” On its website, Qatar Tourism is promoting domestic tourism through sports activities, such as the Arab Cup 2021, which is seen as “the perfect opportunity” for the country to showcase its “ultra-modern” facilities to sports fans worldwide. The website also encourages tourists, both local and foreign, to explore Qatar’s tourism destinations through arts and culture, outdoor adventures, shopping, ‘family fun’, and dining, among others. Syed said the main objective of Tawfeeq Travel is aligned with Qatar Tourism’s objectives, which is to promote Qatar’s touristic attractions. He said the company is known for organising trips to Al Zubarah Fort, desert safari, overnight camping, city tours, kayaking, paragliding, museum visits, and hot air balloon rides, among others. “Tawfeeq Travel continues to expand its retail network to reach out to customers across Qatar, making it easily accessible for any travel needs,” Syed added.    

AmCham Qatar chairman Robert Hager.
Business
Qatar-US ties seen driving more private sector partnerships

The continued strengthening of Qatar-US trade and economic relations is expected to push further growth in forging of partnerships between private sector companies of both countries, an official of the American Chamber of Commerce in Qatar (AmCham Qatar) has said. According to its chairman Robert Hager, who is also a partner at Crowell & Moring, the US has a “very vibrant” small and medium-sized enterprise (SME) sector, which is constantly diversifying and expanding operations overseas. “Forging partnerships is important for the United States. While there are big US companies, a lot of our businesses in America are small, and we have a very vibrant SME sector that is eager to help other countries develop their SME ecosystem through knowledge transfer and partnership opportunities,” Hager told Gulf Times. Hager expressed confidence in the continued collaboration between the US and Qatari private sector, citing a “very strong” relationship in the energy sector. He noted that Qatar’s American partners have also collaborated with the LNG-rich Gulf state in other ventures outside the US and Qatar. “It’s not just a US-Qatar investment bubble, we’ve seen the two countries co-operate in outward investments due to Qatar’s robust market. It’s still a small market; the wealth here is great and the thrust is in diversifying investments and looking for worldwide partners, as well as partnering with US companies in investments in areas of mutual interest,” he said. Hager also said he is anticipating further growth in US-Qatar trade relations on the back of diversification of investments on both sides and the continuation of a robust oil and gas relationship. “We have technology that gets transferred and the major companies that work here will continue to be involved in that. You’re seeing the growth of diversification here and the diversification of US companies,” Hager pointed out. He added: “You’re going to see that in the healthcare sector, and you’re going to see that as the World Cup brings Qatar to the forefront as an event destination. US companies are going to be involved in multiple sectors, whether it is sports and entertainment or technology, and they will help put Qatar on the worldwide stage”.    

Tawfeeq Travel Group CEO Rehan Ali Syed.
Qatar
Onset of cruise season to boost domestic tourism, says industry expert

The start of the cruise season in the last quarter of 2021 is expected to create a series of benefits to domestic tourism in Qatar, according to an industry expert. “Come November, we are expecting huge cruise ships to start their intra-regional cruise and subject to approvals from Qatar Tourism, we can expect some turnaround cruises from Qatar, which will allow citizens and local residents to enjoy the world-class cruise sailing from Doha Port,” said Tawfeeq Travel Group CEO Rehan Ali Syed. Speaking to Gulf Times, Syed explained: “The start of the cruise season will definitely be a booster for the tourism in the country. Some of the major shore excursions enjoyed by the travelers are desert safari, museum visits, and trips to the shopping malls. “Similarly, visits to the football stadiums, Al Shaqaab Race Course, traditional Souq Waqif, kayaking in the mangroves of Al Khor, and many more activities, are a huge crowd drawer. We were offering 19 different shore excursions to experience Qatar for the passengers when they were disembarking the ship.” Syed also noted that the resumption of classes would also create a positive impact on the country’s local tourism industry. “The travel pattern is changing. Earlier, you could just hop on a flight and get back to your home country or visit a touristic place. But in the current scenario, there are several Covid-19 protocols that need to be adhered to, which eventually becomes pretty challenging. “With schools reopening, it will be good for the domestic tourism: In order to avoid many hassles, residents would prefer to spend time in the country and use the various facilities and options available locally,” Syed emphasised. He said the various ‘back-to-school’ promos previously launched by many malls, hypermarkets, and other stores also created a positive impact on the tourism sector of Qatar. “I feel since the opening of Phase 3, customer footfall in the malls have grown threefold and with all the offers running across all these establishments have been the ‘cherry on the cake’. Citizens and residents who opted not to travel during this period have been spending quality time with their families while waiting for the start of the next session of schools. “The reopening of schools clearly demonstrates that country is getting back to normal and the market is opening up despite the ongoing pandemic. Such positive vibes encourage visitors (business and tourists) to come to Qatar and thus, boost tourism for the country especially for the travel and hospitality industry, which is still recovering from the economic impact of Covid-19,” Syed stressed.  

AHK representative Kathrin Lemke.
Business
German firms ‘eager to explore’ Qatari market, says trade office representative

The German Industry & Commerce Office Qatar (AHK) is witnessing a surge in enquiries among businesses in Germany that are eager to explore the Qatari market through face-to-face meetings in the coming period. According to AHK representative Kathrin Lemke, the enquiries from German companies signifies the development and further strengthening of Qatar and Germany’s economic relationship. Lemke said the AHK is expecting delegations from Germany to visit Qatar in October, while on September, Qatar will be showcased in an international symposium hosted by the German Federal Ministry for Economic Affairs and Energy (BMWi). “Generally speaking, we’ve had many enquiries lately from German companies regarding Qatar’s entry restrictions and they’re asking us when they’d be able to fly in again for in-person business meetings,” Lemke told Gulf Times. “After a long period of not being able to come to the country, many are eager to catch up with their business partners and get updates on the latest developments,” Lemke also said. Lemke said the BMWi will host a hybrid (physical and virtual) ‘International Symposium 2021’ in Berlin on September 9 under the theme ‘Developing Digital Technologies from a Political, Technical, and Intercultural Perspective’. The international symposium is expected to showcase political, economic, and cultural co-operation between Qatar and Germany, explained Lemke, saying the event offers German and international stakeholders from industry, research, and politics a platform for networking, professional exchange, and further development of transnational co-operation. Lemke said: “International co-operation has a high priority for BMWi therefore, it supports a number of bilateral and multinational co-operation projects with selected partner countries in Europe and internationally. During the event, selected international co-operation will be showcased, one of them being Qatar.” She stressed that participation in the event is by invitation only will take place at the Forum Digital Technologies, Salzufer 6/ Entrance: Otto-Dibelius-Street, 10587 Berlin. Registration is at https://fdt-virtuell.de/main_frontend.php?logincode=210909-intSymp-register&lang=2, she noted. Lemke said: “High-level impulse speeches and panel discussions will provide comprehensive insights and foster further discussions. In addition, there will be numerous opportunities for networking on-site, as well as digitally.” From October 24-28, Lemke said 12 German companies specialising in the Western European country’s civil security technology sector is expected to arrive in Doha to explore investment opportunities available in Qatar. The companies, which have already confirmed their participation, are specialising in the fields of security applications, automotive security technologies, aerospace defence security systems, cybersecurity, broadcast and media solutions, biometric verification services, and IT security solutions, Lemke noted. Lemke said: “As part of the delegation programme, we are planning for an information event where local companies will have the chance to meet the delegation and attend B2B meetings. Anybody who is interested to get in touch prior to the event and receive more detailed information on one or multiple companies can reach out to [email protected].” She added that the AHK, together with its partners in Germany, is facilitating a market entry trip for German companies from the civil security technology sector as part of the export promotion programme of the BMWi.    

Crowell & Moring managing partner Charbel Maakaron.
Business
World Cup projects continue to drive FDI despite Covid-19 impact

Projects related to Qatar’s hosting of the 2022 FIFA World Cup have played a key role in attracting foreign direct investment (FDI) inflow despite the impact Covid-19 had on world economies. According to Charbel Maakaron, managing partner of Crowell & Moring, while the pandemic “slowed down” FDI inflow globally, “the influx of foreign investments into Qatar did not stop.” “Like any sensible investor, foreign investors coming to Qatar paused and waited because the investment climate is different and there was a lot of uncertainty. But now we’re seeing that there is movement towards Qatar again,” Maakaron told Gulf Times. He said, “It is moving at a rapid pace on two considerations: First, for some investors this movement is driven by the World Cup – it is a deadline that has to be met on time, so for businesses that are supporting the World Cup they need to accelerate their investment and operations to be on the ground in Qatar in time for the event.” “Second, for businesses that held back a little, they're seeing that the market is moving and they want to make sure that they're catching up; they don't want to miss out on opportunities or on potential growth and projects.” Citing businesses in Qatar’s retail sector, Maakaron said investors shifted and adjusted their operations “to continue their success in Qatar” amid the consequences of the pandemic, such as the closure of shops, malls, and similar enterprises, which were implemented for a certain period to curb the spread of Covid-19 infections. “Fortunately, we have an advanced technology infrastructure in Qatar supported by a legal framework that facilitated transitioning certain businesses to an online platform or a hybrid e-commerce model. And with the initiatives put forward by the Ministry of Transport and Communications (MoTC) and the Ministry of Commerce and Industry (MoCI), there was a clear directive to facilitate requirements and procedures in order for these businesses to push forward their online platforms. “We have assisted many clients in digitalising their businesses, so while they still have their brick and mortar store, they also shifted to an e-commerce platform or a hybrid model and it's moving along very well,” Maakaron explained. He added: “We've seen how food delivery applications saved the food and beverage (F&B) sector, and the same thing is happening with the retail sector: Online stores are allowing people to continue to shop and that would not have been possible without having the infrastructure in Qatar – from the technology, telecommunications, regulations, and laws.”    

Toure and al-Sayed after holding a meeting at the Republic of Guinea's embassy in Qatar.
Business
Guinea seeks Qatari FDI for projects in agriculture, mining, hydropower tech, says envoy

The Republic of Guinea is looking to attract foreign direct investments (FDIs) from Qatar for projects in a variety of sectors, such as agriculture, mining, and hydropower technology, according to the West African country’s top diplomat here. Guinea's ambassador, Lancine Ani Toure, said the country is driven by a “keen desire,” not only to nurture diplomatic relationships but also to establish and maintain long-term economic relations between the State of Qatar and the Republic of Guinea. Toure said Guinea is replete with great mineral resources, such as bauxite, gold, diamonds, high-quality iron, manganese, zinc, cobalt, nickel, and uranium. The West African country also has the world's largest reserves of bauxite, the ore used to produce aluminum. Currently, the bauxite reserves are estimated at over 40bn tonnes, he noted. Citing significant hydrographic resources, Toure said Guinea has one of the highest hydropower potentials in West Africa because the country is home to the sources of the Niger, Gambia, and Senegal Rivers. “In agriculture, the diversity of climatic conditions, hydraulic resources, and fertile soil give Guinea a natural comparative advantage in the production of a wide variety of products. “Additionally, Guinea has a varied tourist potential. The diversity, topography, climate, and culture make Guinea a tourist paradise with varied resources,” Toure told Gulf Times in a joint statement with entrepreneur and philanthropist Farhan al-Sayed. According to al-Sayed, investment partnerships with Guinea will provide Qatar with “great business opportunities” after the country had opened its doors to attract Qatar FDI. “Qatar’s legal and economic reforms provide opportunities for investors and businesses from Guinea to invest in areas like Qatar Free Zone, which is creating a strong business environment for all,” al-Sayed stressed. He added: “Guinea has shown strong interest to connect with Qatar Airways, particularly in starting cargo shipments from West Africa to Qatar and other parts of the world. This will assist Guinea in exporting its fruits, vegetables, and other products to Qatar and the region.” Toure said, “In light of the richness of its territory, Guinea seeks to identify and obtain investment affiliations that could contribute to valorise its vast resources. With the State of Qatar, Guinea envisions an effective partnership based on a ‘win-win accommodation’ and productive cooperation that will benefit both countries. Our team at the embassy is dedicated to ensuring effective coordination and collaboration with the public and private sectors in Qatar.”

Dr Mohamed Althaf, director of LuLu Group International.
Qatar
Qatar is setting global benchmark in self-sufficiency, says LuLu exec

The milestones that Qatar has achieved in its food security initiatives could be viewed as a global benchmark by its international partners, according to an official of hypermarket giant LuLu. “In a broader sense, food security also refers to self-sufficiency, self-reliance, and accessibility to supply chains, which includes international sources, as well,” explained Dr Mohamed Althaf, director of LuLu Group International. “The country has succeeded in several areas in terms of food security. Today, Qatar has reached 70% to 100% self-sufficiency in some critical items, which is a global benchmark,” Althaf told Gulf Times on the sidelines of a recent launch event held in Doha. Althaf also lauded the “successful collaboration” between government ministries and major players and stakeholders in the private sector to meet the objectives of the state’s food security and self-sufficiency measures. Citing an initiative with the Ministry of Commerce and Industry (MoCI), Althaf said LuLu is sharing information with the ministry, allowing MoCI access to the company’s system and measure its stock levels in real-time. He said LuLu has expanded its storage facilities, citing two projects under construction in Manateq and Qatar Free Zone. Althaf noted that this year LuLu also collaborated with key entities like the US-Qatar Business Council (USQBC) and Oxford Business Group (OBG) in creating separate food security reports on Qatar. LuLu Hypermarket and Y International USA Inc sponsored the USQBC report titled ‘Business Opportunity Report: Qatar’s Food Security’. Similarly, OBG produced its new ‘Covid-19 Response Report’ in partnership with LuLu Hypermarket. “This is also one of the most strategic things to do, and we were looking at overall gap analysis of our food chain management for two reasons: One was Covid-19, so we wanted to determine what measures to undertake in a situation such as this, especially for countries that are heavily dependent on their imports or any other process. “We also wanted to audit our supply chain; but because we are from the industry, we were fairly confident about maintaining the food security in Qatar. We believe there is no reason for alarm,” Althaf stressed. He added: “Qatar went through the worst crisis a few years ago and survived very well. And it has a very wise leadership when it comes to deciding on food security and all its strategies. “An important objective that we also wanted to meet is to communicate to people, and provide them with access to empirical data, so that anybody could understand the stock levels that we're maintaining here today.”    

QUBF founder and chairperson Dr Olga Revina.
Business
Qatar-Ukraine Business Forum marks H1 2021 with ‘promising investment prospects’

Discussions on “promising investment prospects” between Qatar and Ukraine across a wide range of sectors remain on track, according to the Qatar-Ukraine Business Forum’s (QUBF) latest e-digest, ‘QUBF Overview’. QUBF Overview reported details of the business forum’s accomplishments for the first six months of 2021, which included its attendance in major events, such as the Qatar Economic Forum (QEF), Powered by Bloomberg, as well as the organisation of key investment meetings and the hosting of Qatari and Ukrainian business delegations. Aside from QUBF’s participation in numerous online economic development events, Daria Revina, QUBF vice chairperson, delivered an e-session on energy transformation, in collaboration with HEC Paris in Qatar. Also, among the highlights of H1 2021 was the visit of Ukrainian officials led by President Volodymyr Zelenskyy. According to QUBF founder and chairperson Dr Olga Revina, the visit was viewed as a “remarkable milestone” in Qatar-Ukraine relations, and a key factor in the expansion of both countries’ economic horizons. During Zelenskyy’s official visit to the State of Qatar in April, a number of strategic agreements were signed with the aim of enhancing mutually beneficial cooperation between Qatar and Ukraine. Zelenskyy was received by His Highness the Amir Sheikh Tamim bin Hamad al-Thani and held official talks at the Amiri Diwan where both leaders discussed means of developing and strengthening bilateral relations, especially in the fields of energy, investment, transport, tourism, agriculture, infrastructure, and healthcare. As officially announced earlier, a highlight of the visit was the signing of a partnership agreement between Qatar’s state-owned Nebras Power and Ukraine’s UDP Renewables and its parent holding company, UFuture. This envisions investments into renewable energy of Ukraine through the acquisition of operating solar portfolio and cooperation on developing greenfield renewable energy projects. Revina said QUBF also hosted Ukrainian business delegates and facilitated meetings with their Qatari counterparts during Zelenskyy’s state visit here. She also noted that “promising discussions” took place between Ukrainian businessmen and officials of Qatari Businessmen Association (QBA) and other prominent Qatari conglomerates in the fields of real estate development, technology, innovations, and infrastructure. Revina told Gulf Times yesterday that preparations are also underway for the staging of a ‘Wellness Forum’ in Qatar. “Registered in Qatar in 2018 with the support of the Embassy of Ukraine here, QUBF operates as a joint business council for maintaining a privileged dialogue between Qatari and Ukrainian business communities and other prominent organisations in both countries,” Revina said.

(From left) Crowell & Moring managing partner Charbel Maakaron and Crowell & Moring partner Robert Hager. PICTURE: Shaji Kayamkulam
Business
Robust US-Qatar economic ties to open more investment opportunities

Qatar’s longstanding relationship with the US and their diverse partnerships across a wide range of sectors plays a vital role in developing the public and private sectors of both countries. Crowell & Moring partner Robert Hager, who is also chairman of the American Chamber of Commerce in Qatar, forecasts a vibrant and positive future for Qatari investments in the US and vice versa, as well as the role of US companies in delivering a successful FIFA World Cup in 2022. Crowell & Moring managing partner Charbel Maakaron, on the other hand, elaborates on the benefits of hosting a world-class event like the World Cup and what it means for Qatar. He also discusses commercial arbitration and other legislative developments in the State of Qatar, among other significant topics. Gulf Times: What’s your analysis on Qatar-US relations? Hager: I think the foreign and economic relations between the countries are probably the best they've ever been on multiple levels. First and foremost, the US-Qatar pact of security is very strong and Qatar has been a wonderful regional ally of the United States, and a facilitator of civility in the region, particularly with respect to the recent discussions in Afghanistan and the changes in the American position there and the movement; all of that happened in the good offices of His Highness the Amir and the foreign minister. Lately, investment has been diversified and I think we’ll continue to see that. In the past, we would always think of Qatar as oil and gas. But now, the incredible growth of Qatar Airways and the amount of transportation-related equipment that's come from the US is tremendous. The security and defence relationship has brought a lot of trade in that sector. Also, having six, very prominent American universities here is quite an achievement. All of these factors point to a long-term relationship between the two countries. How do you evaluate the economic relationship between the US and Qatar? Hager: I think it's growing in both directions and there has been a significant spike in the last two or three years. The Qataris are diversifying their international portfolio, which used to be very European-centric. Now they're looking at investment opportunities in the US and in multiple sectors such as technology, healthcare and infrastructure. We’re also seeing Qatari investments in the energy sector with the Golden Pass LNG project and petrochemical plants. But traditionally, it continues to be in real estate, so there's a lot of investment in New York and Washington for example. Do you represent American companies in Qatar and what kind of services do they require? Maakaron: We represent a host of companies and clients of different nationalities, including Qatari companies, government clients, and US companies. Our US clients tend to fall within the sectors that typically see growth in Qatar, such as education, defence, technology, hospitality, advisory, advanced industries, and financial services. The services that we provide correspond to the type of sectors where our clients operate. We are a full-service firm, so we help our clients from the moment they want to come to Qatar, setting up their business and establishing operations, handling their contracts and employment, dealing with third parties and customers, and making sure throughout this process that they remain compliant with the laws that apply to them, not just in Qatar but globally, including laws in the US that apply to businesses operating outside of the United States. We also assist companies if disputes arise and where required, help them to expand through acquisitions or investment, or otherwise exit a project or cease their operations. The World Cup is less than 500 days away. How do you feel about that and what opportunities do you think it would bring to Qatar? Maakaron: This type of event brings not just business opportunities; it also brings recognition. It gives Qatar and the Arab world the opportunity to demonstrate what we can deliver on an international stage. I am very proud of that and proud of Qatar for what it has achieved so far. As for opportunities, we're already seeing initiatives that will hopefully support the community and allow them to participate in the event in some way. One example is the MoU signed last year by the Ministry of Administrative Development, Labour and Social Affairs and the Supreme Committee for Delivery & Legacy, allowing the lease of residential properties to be used as accommodation for visitors during the World Cup. What role are US companies playing in supporting Qatar in hosting the World Cup? Hager: There are several companies that are involved in the delivery of the tournament. It's very encouraging that we've had that access. The fact that Qatar has some prominent US companies involved in this World Cup delivery is a testament to the US. What is the significance of the legal commercial arbitration mechanism and establishing a separate court for commercial disputes? Maakaron: This goes hand-in-hand with the legislative developments that we're seeing to advance and enhance foreign investment and economic diversification. Qatar recently approved a draft law to establish the Investment and Trade Court. We’re looking forward to seeing this implemented. This sends a very strong message that the rule of law prevails. Qatar wants to make sure that it supports the swift resolution of disputes in the appropriate forums, so commercial disputes go to commercial courts. Also, the specialisation of that court means that there is a strong focus on investment. Creating this court means that the government recognises its importance to the business sector. It also helps businesses and investors by giving them quicker access to dispute resolution, enhanced transparency, increased confidence, and speed in resolving disputes, which means fewer costs and less time. What’s your analysis of US investments in Qatar? Hager: We have over 120 US companies here and we will likely see an increase post-Covid. I think they've learned over the years that having a direct presence here is beneficial. It's a small market; you can get to know people very quickly. I believe we'll see more from US companies support the exports that are coming here, because many of the exports that we send here are our technology and require specialists and training to support its users.    

Dr Mohamed Althaf, director of LuLu Group International, gestures during a tour of 'India Ustav 2021' while Qatar Chamber Mohamed bin Towar al-Kuwari and Indian ambassador, Dr Deepak Mittal, look on.
Qatar
India is a key food source for Qatar, says LuLu exec

The role of India in supporting Qatar’s food security initiatives was underscored during celebration of ‘India Ustav 2021’ organised on Sunday by LuLu Group at LuLu Hypermarket Al Gharafa. “India is a very important source of food for Qatar. India is one of the largest producers of food items like lentil and sugar, among others. It plays a key role in ensuring food security,” said Dr Mohamed Althaf, director of LuLu Group International, on the sidelines of the event. ‘India Ustav 2021’ not only showcases the South Asian nation’s culinary heritage and culture but it was also organised by LuLu Group to commemorate India’s 75th Independence Day. The festivity was inaugurated by Dr Deepak Mittal, India’s ambassador to Qatar, together with dignitaries from government ministries, Qatar Chamber, and officials of different sectors in the country. “By holding this event, we are not only showcasing food items from India but we would like to give a message to people that India’s food industry is evolving all the time and is keeping pace with the fast developments in the food sector,” Althaf stressed. Althaf said LuLu Hypermarket has been organising the Indian festival twice annually for the past two decades. “We are holding the festivals to celebrate Indian culinary heritage with food as one of the major bonds between India and the Middle East, including GCC and Qatar. The festival showcases food items from India, which accounts large portion of foods being consumed in Qatar,” said Althaf. Althaf also noted that India is leading in terms of organic food certification. “Functional food companies are coming from India, specialising in vegan and other healthy foods, which shows the great achievements of India in the food sector,” he said. According to Althaf, LuLu Group imports over 5,000 products in different categories, such as fruits and vegetables, meat, packaged food products, kitchen essentials, and traditional wear like sarees, churidars, and other garments through its own sourcing offices in India on a regular basis. Althaf said, “LuLu Group has always been making sustained efforts through organised logistic network to make global products available at the best rates for shoppers, which makes LuLu distinct in the retail sector.” He added that India’s achievements in its food production industry have played a vital role in global efforts to attain food security, hunger mitigation, and nutrition.