Over 250 delegates are expected to participate in the ‘International Business Delegation (IBD) Summit 2019’, which opens Sunday and will run until May 1 at the The Al Najada Hotel by Tivoli in Doha.
According to IBD Summit chairman Yousuf al-Jaber, the event aims to support government's efforts to increase foreign direct investment (FDI) inflows to Qatar by showcasing the country’s investment climate to international investors.
“Our team held a series of roadshows in various countries to market the investment potentials Qatar has to offer, and we also wanted to attract international companies wanting to participate in major projects related to Qatar’s hosting of the FIFA World Cup in 2022, as well as in the Qatar National Vision 2030,” al-Jaber told Gulf Times Saturday.
Earlier, al-Jaber emphasised that the summit is a “first-of-its-kind” event that would gather entrepreneurs, decision makers, and investors from 15 major cities worldwide to connect them with their counterparts in Doha and explore investment, partnership, and business opportunities in Doha and abroad.
The participants will come from Bengaluru, Mumbai, Kolkata, Delhi, Chennai, Pune, Cochin, Calicut in India, as well as Singapore, Malaysia, the Philippines, Bangladesh, and Hong Kong in East Asia. The Middle East and North Africa region will be represented by delegates from Oman, and Turkey. Some European participants, such as Belgium will also be in attendance, al-Jaber said.
Al-Jaber noted that the delegates will represent industries ranging from hospitality, building and construction, healthcare, agriculture, food and beverage (F&B), education, IT, media, and retail during the four-day summit.
He also emphasised that the recent legal and economic reforms implemented by the State, as well as the laws on free zones and foreign investments would play a significant role in enticing more international companies to set up shop in the country.
Al-Jaber said Qatar’s free zones would help position the country as a hub for the region and other areas abroad, and would help improve the country’s economy and its trade relations with international partners.
“As we continue to increase FDI to Qatar, there is also a need to protect intellectual property rights; Qatar needs to ensure that from the policies and procedures coming from the government.
“FDI growth will also have a positive impact on the local businesses because there would be transfer of know-how and sharing of global best practices,” he stressed, adding that Qatar already has the needed infrastructure to boost non-oil exports to its international trade partners.
Al-Jaber also said the summit organisers are hoping to bring as much as 1,000 investors to Qatar by 2022 by staging more summits in Doha.
“We plan to hold two summits every year. In the next summit, which is slated by the end of November this year, we intend to gather more than 100 delegates,” said al-Jaber, who also thanked the Ministry of Interior, Qatar Chamber, and the Qatar National Tourism Council for their support.
“Our team held a series of roadshows in various countries to market the investment potentials Qatar has to offer, and we also wanted to attract international companies wanting to participate in major projects related to Qatar’s hosting of the FIFA World Cup in 2022, as well as in the Qatar National Vision 2030,” al-Jaber told Gulf Times Saturday.
Earlier, al-Jaber emphasised that the summit is a “first-of-its-kind” event that would gather entrepreneurs, decision makers, and investors from 15 major cities worldwide to connect them with their counterparts in Doha and explore investment, partnership, and business opportunities in Doha and abroad.
The participants will come from Bengaluru, Mumbai, Kolkata, Delhi, Chennai, Pune, Cochin, Calicut in India, as well as Singapore, Malaysia, the Philippines, Bangladesh, and Hong Kong in East Asia. The Middle East and North Africa region will be represented by delegates from Oman, and Turkey. Some European participants, such as Belgium will also be in attendance, al-Jaber said.
Al-Jaber noted that the delegates will represent industries ranging from hospitality, building and construction, healthcare, agriculture, food and beverage (F&B), education, IT, media, and retail during the four-day summit.
He also emphasised that the recent legal and economic reforms implemented by the State, as well as the laws on free zones and foreign investments would play a significant role in enticing more international companies to set up shop in the country.
Al-Jaber said Qatar’s free zones would help position the country as a hub for the region and other areas abroad, and would help improve the country’s economy and its trade relations with international partners.
“As we continue to increase FDI to Qatar, there is also a need to protect intellectual property rights; Qatar needs to ensure that from the policies and procedures coming from the government.
“FDI growth will also have a positive impact on the local businesses because there would be transfer of know-how and sharing of global best practices,” he stressed, adding that Qatar already has the needed infrastructure to boost non-oil exports to its international trade partners.
Al-Jaber also said the summit organisers are hoping to bring as much as 1,000 investors to Qatar by 2022 by staging more summits in Doha.
“We plan to hold two summits every year. In the next summit, which is slated by the end of November this year, we intend to gather more than 100 delegates,” said al-Jaber, who also thanked the Ministry of Interior, Qatar Chamber, and the Qatar National Tourism Council for their support.
