The Qatar Financial Center (QFC) is eyeing more South Korean firms in view of the growing trade relation between the two countries.
"The QFC is committed to continuing to develop and strengthen these relations, and is already home to several key Korean businesses such as Hanwha Techwin and Haeahn Architecture. We look forward to welcoming even more businesses from South Korea to the QFC in the future," QFC Authority chief executive Yousuf Mohamed al-Jaida told the Qatar-Korea Business Forum, attended by high-level South Korean officials including ministers and business leaders.
Highlighting that Qatar and Korea share extensive bilateral economic relations that continue to grow year on year; he said while Doha is currently the top liquefied natural gas supplier to South Korea, trade volume between two nations increased by an impressive 44% to reach $16.8bn in 2018.
The forum was earlier inaugurated by HE Ali bin Ahmed al-Kuwari, Minister of Commerce and Industry, and included networking sessions and panel discussions that explored investment opportunities in Qatar, as well as the impact of artificial intelligence (AI) and smart cities on business.
Al-Jaida was joined by Sheikh Ali Alwaleed al-Thani, chief executive, Investment Promotion Agency; Khalid Abdulla al-Mana, executive director of Business Finance, Qatar Development Bank; and Hamad al-Mohannadi, business development manager, Qatar Free Zones Authority.
Other participants included HE Sheikh Faisal bin Qassim al-Thani, chairman, Qatari Business Association; Sheikh Khalifa bin Jassim al-Thani, chairman, Qatar Chamber; and Sung Yun-mo, South Korean Minister of Trade, Industry and Energy; as well as Yongmaan Park, chairman, Korea Chamber of Commerce and Industry.