Market reports on Qatar published by the US-Qatar Business Council (USQBC) would serve as a vital tool in helping US companies seek investment opportunities here, a USQBC official has said.
“One of the interesting initiatives at the USQBC Doha office is that we started working in research and development for the reports that we’ve done and are still preparing,” said USQBC managing director Sheikha Mayes bint Hamad bin Mohamed bin Jabr al-Thani.
The series of reports include ‘Business Opportunity Report: Qatar’s Energy Sector’, as well as ‘An Introductory Business Guide on Qatar’. Another report on Qatar’s food security efforts “will be available soon,” said Sheikh Mayes.
Speaking to Gulf Times, Sheikha Mayes said: “One of the major activities that we’ve accomplished is creating a report for Qatar’s business environment. There are many US investors who are attracted to this market and are interested in investing here, and we want to give them a grasp of the country’s investment climate.
“The report specifically targets US investors and companies to help them learn more about Qatar, its business regulations, and the government incentives available to attract more foreign direct investments (FDI) into the country.”
Aside from publishing reports, USQBC was able to organise a series of webinars and meetings with high-ranking personalities, pioneers of the community, and ministers in the Qatari government, among others, she said.
Sheikha Mayes said USQBC is also in talks with key organisations for more webinars and initiatives to further attract FDI inflow to Qatar. They include Qatar Free Zone Authority (QFZA), Investment Promotion Agency – Qatar (IPAQ), Qatar Financial Centre (QFC), and Qatar Development Bank (QDB), among others.
“In terms of working with major players in the country, the council put together a product that we could share with US investors on certain incentives; take for example the types of incentives being offered by QFZA to encourage more foreign investors to come here.
“At the end of the day, it’s all about communication; investors need to know what to expect and what not to. The council is bridging the gap between Qatari and US investors to attract investments both ways,” she explained.
Sheikha Mayes added: “The business environment report, among other reports that we have prepared, is one of the ways we provide support to companies seeking our assistance. Also, forging partnerships and signing MoUs with key partners in the country is another example, such as the agreement we signed recently with Al Sulaiti Law Firm, which is a well-respected international firm.
“USQBC works closely with the Ministry of Foreign Affairs and other leading entities to help facilitate activities like one-on-one meetings between US businesses and investors and their Qatari counterparts. We are also keen to participate in economic roadshows initiated by the government, as we have been in the past.”
Related Story