The Investment Promotion Agency of Qatar (IPAQ) signed a Letter of Intent (LoI) with its French counterpart Business France to enhance co-operation between enterprises of both countries.
The LoI was recently signed on the sidelines of Qadran Forum; a Qatari-French association that promotes the two countries’ mutual economic interests.
As one of the main sponsors of the event, IPAQ engaged in productive exchanges with distinguished entrepreneurs, economists, and experts taking part in the forum.
The LoI also provides for supporting each other’s research on investment attraction, and exchange expertise on investment promotion best practices, among other areas of collaboration.
Marking the first step towards partnership between the two parties, the LoI was signed in Paris by IPAQ’s CEO Sheikh Ali Alwaleed al-Thani and Business France’s CEO Christophe Lecourtier in the presence of Qatar’s Ambassador to France Sheikh Ali bin Jassem al-Thani.
Commenting on the occasion, Sheikh Ali Alwaleed al-Thani said, “The LoI signed with Business France is set to advance the efforts of both parties in bolstering Qatar and France’s status as exceptional investment destinations, explore opportunities to enhance business synergies between the two agencies, and further strengthen partnerships between relevant enterprises in both countries.
“As we celebrate the Qatar-France Year of Culture 2020, the agreement offers a fantastic opportunity to strengthen the longstanding economic exchanges between Qatar and France and bring us one step closer to achieving our sustainable mutual interests.”
Lecourtier said, “Qatar is an important partner for France. Business France is proud to help more French companies take advantage of Qatar’s infrastructure projects and domestic growth. That means investments in Qatar, public-private partnerships, subcontracting, or partnerships with local companies. I am pleased to deepen the collaboration between Business France and IPA Qatar.”
As part of their visit, the IPAQ delegation also had a positive engagement with a number of French companies representing various sectors and explored a wide range of business opportunities with industry experts.
Furthermore, IPAQ visited the ‘Station F’ Business Incubator in central Paris. The incubator gathers a whole entrepreneurial ecosystem under one roof, with more than 30 startup programs and 40 VC funds that support SMEs.
IPAQ is the investor’s gateway to opportunities in Qatar and an innovative platform to transform one of the world’s richest economies.
Whether Qatar is their potential headquarters, R&D hub, or regional outpost, IPAQ – through its vast resources and close coordination with a portfolio of partners – helps businesses advance their ambitions and achieve long-term success by delivering the support, advice, and expertise needed.