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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.”    

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).    

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    

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    

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.    

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”.    

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.  

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.    

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.”    

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.”

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.”    

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.

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.    

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.    

India’s longstanding relations with Qatar highlighted the launch of ‘India Utsav’, organised on Sunday by retail chain LuLu Hypermarket to celebrate the South Asian nation’s 75th anniversary of independence. Festivities for ‘India Ustav 2021’ held at LuLu Hypermarket Al Gharrafa brought together a host of key players from the Indian community in Qatar led by Indian ambassador, Dr Deepak Mittal, and officials from government ministries, Qatar Chamber, banking, retail, and fast-moving consumer goods (FMCG) sector. In his speech, Mittal underscored India’s significant role in Qatar’s food security efforts, as well as both countries’ well-established partnership in the field of energy security. “We are grateful to our great friend and partner, Qatar, for being a strong partner in energy security,” said Mittal, citing Indian Prime Minister Narendra Modi’s energy roadmap, which, the ambassador said, would deepen Qatar and India’s partnership in terms of energy security. Mittal, who inaugurated the event along with Dr Mohamed Althaf, director of LuLu Group International, and other dignitaries, said: “This journey has become possible because of the support of wise leadership of Qatar, the Qatari people, and the Indian expatriate community in Qatar.” Mittal said LuLu’s celebration of ‘India Utsav’ also represents the “very strong bond” between Qatar and India, especially in food security initiatives. “Our prime minister has spoken on ‘Think Local, Go Global’, which is about connecting and building resilience in the supply chain for food security, thus enhancing the partnership between both countries. We are so deeply interconnected to meet the requirements of each nation and enhance the connection of our peoples,” said Mittal. The ambassador also lauded Qatar and India’s historic relations, citing the famous Hyderabadi pearls that were imported from Qatar through ancient shipping routes. “This reflects the deep-rooted trade relations between the two countries,” he noted. He also congratulated Althaf and LuLu Group for being brand ambassadors of India in the region, especially in Qatar, as well as Lulu Hypermarket “for being a torchbearer and flagbearer of India and Qatar.” The week-long festival dedicated to Indian culinary and food tradition will be showcasing a range of Indian cuisines, fresh vegetables and fruits, grocery lines, and saris, with exciting offers. The event was also highlighted by a recognition ceremony for prominent Indian physician Dr Mohan Thomas, who received a plaque of commendation from Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari, who was joined by Mittal, Althaf, and Doha Bank CEO Dr R Seetharaman. The ambassador’s wife, Dr Alpna Mittal, also inaugurated a promotion on ‘Indian Silk and Ethnic Wear’ at the hypermarket’s Saree Section, which showcases a wide assortment of pure natural and synthetic silk from India, including saris, readymade garments, and dress material available at good discounts. Indian silk is one of the major categories of the country’s exports worldwide. Fair Exports India, an export distribution centre of LuLu Group, has been the recipient of the ‘Best Exporter Award’ for Indian silk saris and garments by the Indian Silk Export Promotion Council since 1996. The festival will also highlight India’s diverse culture and heritage that was handed down through the centuries symbolising one India. As a nation, India is famous for its rich cultural and culinary heritages, vast landscape, religions, and languages. The culture of contemporary India refers collectively to thousands of distinct and unique cultures of various religions and communities prevalent since time immemorial, which constitutes the ultimate essence of ‘Unity in Diversity’.    

Qatar’s investment landscape is ripe for hosting a wide range of international companies, particularly American businesses, according to experts at international law firm, Crowell & Moring. In this two-part exclusive interview, managing partner Charbel Maakaron and Robert Hager, who is also a partner in the firm and chairman of the American Chamber of Commerce in Qatar, shared their views on the progress Qatar has achieved in diversifying its economic portfolio and the legal reforms implemented by the government to further accelerate the inflow of foreign direct investments, among other key developments in the private sectors of both countries. Gulf Times: What regulations is Qatar putting in place to stimulate the business sector? Maakaron: Creating economic diversity is something that's been one of the key drivers and primary objectives of the Qatar National Vision 2030. It's therefore logical to see, as a consequence of that, a dynamic legal framework that is conducive to bringing forward economic diversity. In the last five years, I have seen a significant uptick in new legislation that is designed to serve that objective. For example, in 2019, Qatar revamped its regulations on foreign direct investment to permit foreign investors to own up to 100% of their company's capital. Also, earlier this year we saw new regulations permitting foreign ownership of up to 100% in listed companies on the Qatar Stock Exchange. This was historically capped at 25%, so this is a major shift. In 2020, we also saw the passing of the new public-private partnership (PPP) law, which also permits, within certain parameters, ownership of the PPP project by the foreign investor. There are other important legislative changes that run alongside these developments. For example, there has been significant improvement with labour and employment rules, alongside immigration rules. Examples include the removal of the exit permit and the No-Objection Certificate (NOC), minimum wage protection rights, and improved protection and rights for the labour workforce. These changes are notable in terms of attracting a capable workforce, retention of talent, allowing employees to move freely within and outside of Qatar, as well as within their organisation. Qatar also introduced laws for businesses to compete and comply with the requirements of the digital age. For instance, we all recognise the importance of personal data. Qatar was the first GCC country to pass a Personal Data Protection Law in 2016. This law was gradually introduced and continues to develop, as we saw last year where 14 new guidelines were passed to support the implementation of the law. Other notable legal developments involve transparency and anti-money laundering. One manifestation of this is the recent introduction of ultimate beneficial ownership (UBO) disclosure form. When we set up companies in Qatar, we are now required to provide information about who is the UBO of that business. Earlier this week, we saw in the amendments to the Commercial Companies Law the introduction of new AML compliance requirements for companies operating in Qatar. To what extent do you think these new regulations will attract foreign investments? Maakaron: When you offer a legal framework that's conducive for doing business, coupled with projects that are feasible, including the oil and gas expansion and all the projects relating to infrastructure, technology, and the World Cup, it’s natural that you will have interest, right? The question becomes, how do you facilitate the transition of that interest into actual investment in the country? I think Qatar has successfully addressed this in two ways. Firstly, by creating a reliable and advanced infrastructure, and secondly by reducing ‘red-tape’ and bureaucracy to offer a seamless business environment. In addition, the Qatari government has recently placed greater emphasis on digital platforms that makes it easy to overcome the inability to travel or to be physically present at relevant ministries. This has been helpful from an administrative front as it allows investors to file applications and carry out business remotely. Lastly, I should mention some of onshore and offshore business platforms that are also very well positioned to attract and grow much of Qatar’s FDI, such as the Qatar Financial Centre, which despite the pandemic is seeing impressive growth in the number of new registrants, and the new Qatar Free Zones, which despite its relatively young presence is growing in leaps and bounds, in sectors that are within the strategic focus of the Qatar Free Zones Authority (QFZA). These business platforms, alongside Qatar Media City and Qatar Science and Technology Park (QSTP), are additional important drivers used by the state to attract FDI into Qatar. What are the most prominent sectors in Qatar with US investments? Hager: The oil and gas and defence sectors are critical, as well as the technology, healthcare and sport sectors. The education sector is an area we're particularly proud of. It's important that we have US educational institutions that provide opportunities for Qataris and for people in the region to learn best practices in different fields, whether it's engineering through Texas A&M University, diplomacy through Georgetown University, medicine with Weill Cornell, business with Carnegie Mellon University, or journalism with Northwestern University. We also enjoy the number of Qataris that come to the US for education. These are things that bring the countries closer together. Qatar has a world-class airline that is connected to the whole world. People are coming here already and the next step is bringing them outside the airport, and that's where I think there's going to be many opportunities for US companies. Ownership is an important factor for US companies, and I think the changes in the law and establishment of free zones is going to encourage US business here. What is the impact of the new foreign ownership law that allows up to 100% by non-Qataris? Maakaron: Qatar ranks first today in the region on the Global Entrepreneurship Index, according to the Global Competitiveness Report issued by the World Economic Forum (http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf). It was also among the world's top 20 business environment improvers in 2019, according to World Bank (https://www.worldbank.org/en/news/press-release/2019/10/24/doing-business-2020-qatars-ambitious-reforms-improve-its-ranking), having moved up six spots, which is significant. This tells me that the new foreign investment law is impactful. All of the above combined with the new flexible legal framework will increase Qatar’s ability to attract foreign investment. You will also likely see growth in the SME sector, which is vital for any economy. For small and medium businesses, having the ability to set up on its own as a foreign-owned entity provides diversity to the SME sector, and creates a full cycle in terms of the project path in any sector. Qatar has also taken major strides to become a regional business hub for multinational companies. Actually, us being here in Crowell’s regional offices in Doha is a testimony to Qatar’s ability to attract foreign businesses as the firm has chosen Doha as its investment capital in the Middle East due to its confidence in the Qatari economy and strong belief in Qatar’s future growth prospects. Can you provide an overview of the new real estate ownership law, and how it might attract more buyers into the Qatari real estate market? Maakaron: Foreign real estate ownership in Qatar has been growing in phases. It was already possible for investors to purchase real estate in certain areas and own usufruct rights – long leasehold. Recently, the law added new areas that allow foreign ownership, such as in West Bay, The Pearl, and Lusail, which are areas now evolving into major real estate centres in the country. This initiative was also coupled with the possibility of attaining residency within certain parameters. I think this was done in a smart way because while it encouraging foreign investment in real estate, limiting the areas for such investment creates a balance by protecting the prices and preserving the market balance for Qataris.    

3D printing technology will help serve as a vital enabler for innovative entrepreneurs in the country to promote the ‘Made in Qatar’ brand, according to an official of Qatar Free Zone Authority (QFZA). “In Qatar, I know there is a budding group of entrepreneurs who are very good in the design of various consumer and industrial products. I believe this is a trend, but you need enablers and support,” QFZA CEO Lim Meng Hui told Gulf Times on the sidelines of a signing ceremony held recently between QFZA, WOLF Group, and Msheireb Properties. According to Hui, the presence of WOLF Group in Qatar would help enable and provide entrepreneurs “an excellent opportunity” to create new cultural, consumer, or industrial products that carry the ‘Made in Qatar’ brand. WOLF Group CEO & founder Mariusz Krol emphasised that Qatar “is ready and open for new technology.” “We are looking forward to partner with Qatar in this endeavour and use our technology to build together for the future and to meet the country’s objectives. One of the thrusts of our mission is to build awareness among children and to have a strong focus on education, which is very important for our company,” Krol also told this newspaper. Earlier, Hui, Krol, and Msheireb Properties acting CEO Ali al-Kuwari signed agreement to establish a 3D printing and digitalisation hub, as well as an art gallery in Ras Bufontas Free Zone with its headquarters to be located in Doha Design District at Msheireb Downtown Doha. The 3D printing and digitalisation hub will offer access for artists and enterprises to next-generation technologies, such as 3D printing and innovative new techniques for scanning and photogrammetry. WOLF Group will facilitate the transfer of artists’ works from digital versions to real works of art using various resources, including recycled materials, thus helping raise awareness of sustainable development methods. The hub will be a place where designers and the general public can gather, create, and be inspired. The partnership will also enhance Doha’s position as a regional design hub. The collaboration supports Qatar National Vision 2030 to drive sustainable development and achieve a balance between the country’s growth needs and protecting the environment. Hui said, “This is quite an exciting project, and it is different from other investors at Qatar Free Zones (QFZ) because not only is the technology applicable to traditional or tech manufacturing but it can be used even for creative arts. In terms of materials, this venture is also cutting edge. You can create new materials with new properties leading to new and better products. “And this technology could be a key enabler for many of the investors coming to do manufacturing in QFZ, especially now that Covid-19 has caused a lot of disruption in the supply chains, this is exactly the technology that we need to support and attract investors to come to Qatar.” Despite the impact of Covid-19 and how it disrupted world economies, Hui said QFZA continues to witness “a strong interest” from investors coming to Qatar’s free zones. “We have a good infrastructure and support in terms of government policies, and most importantly the awareness of Qatar as a business hub is growing, so that is a key factor,” Hui added. Ends    

Entrepreneurs and startup owners stand to gain from Qatar’s dynamic and flourishing entrepreneurship ecosystem because of the state’s world-class facilities and easy access to a wide range of incubators and accelerators, according to a panel of startup mentors. The panel of experts delivered a thorough discussion on the steps to take before embarking on a startup journey, among other significant topics, during the webinar titled ‘Startup Mentoring – Learnings & Challenges’ hosted by Startup Grind Doha led by its chapter director, Dr Tejinder Singh. The discussion was moderated by Steve Mackie, founder of Business Startup Qatar. The event also elaborated on how mentors can make a remarkable difference through their extensive career, entrepreneurship, and industry-specific experience and help the participants better understand their potential to capitalise on target markets. The panel also discussed why it is essential for startups to seek advice from mentors, what are some of the common mistakes by startup founders, and also how Qatar’s ecosystem has become more collaborative and supportive compared to previous years. Startup mentor and prototyping trainer Agata Braje noted that following the end of the three-year economic blockade earlier this year, Qatar is again on track to being “an awesome environment to start a new business.” “There are so many acceleration programmes, so many innovational opportunities, so many private investors who are willing to put their money into promising ideas, so that's definitely a great thing,” Braje explained. Certified business coach Ramzi Hasan pointed out that Qatar has put in place a system that provides entrepreneurs and startup owners access to major incubators and leading investors. “The infrastructure in Qatar is ready. There are a lot of young people who have many innovative ideas. Age is not a basis for success. You can start young and be successful in your chosen career. The opportunities are massive,” he stressed. He added: “Rather than duplicating an existing idea or product, start by thinking how can your idea solve or address a problem in the market using an innovative method. The Qatar Smart Programme (Tasmu) is a good initiative that could support that kind of idea.” Wissam Costandi, startup mentor for Qatar Science & Technology Park’s (QSTP) XLR8 programme, said: “The ecosystem here has matured dramatically since I first arrived in Qatar. “There is a lot of support infrastructure now in the country and they’re really trying to push people to go and make a change on a global scale. Qatar is a big classroom to launch globally.” Dania Khaled, business development mentor at Qatar SportsTech (QST), said the country has “amazing potential” for many startups and entrepreneurs to grow in Qatar, but she cautioned potential entrepreneurs to be careful when selecting a project to introduce to the market. “There's so much competition because Qatar is the perfect breeding environment for entrepreneurs and startups, so we have to be careful to avoid over saturating the market and create resistance for good startups that are actually out there…focus on unique selling points, and what makes your idea different from the rest of the existing products in the market,” she said.