The Investment Promotion Agency Qatar (IPA Qatar) has signed three memoranda of understanding (MoUs) with Russian entities, aimed at bolstering the Russian investments across different sectors, including agriculture-technology (agritech), transportation and hospitality, cybersecurity, and IT.
The MoUs, which were signed on the sidelines of the 24th edition of the St Petersburg International Economic Forum (SPIEF), come as part of efforts to attract foreign investments into Doha and showcase Qatar as an "exceptional" investment destination.
The new partnerships set forth the framework of co-operation between IPA Qatar and the three Russian partners, including BI.ZONE, one of the most innovative Russian cybersecurity companies; Accord Pitch Doha (APD), a Russian transportation and hospitality service provider; and Wadi Water, an innovative agritech company.
The MoUs will further strengthen the diversification of the Qatari-Russian ties and accelerate the growth of Russian investments in the country.
"We are delighted to foster key partnerships with Russian investors, such as BI.ZONE, APD and Wadi Water, and embark on collaborations that create more business avenues for investors in Qatar’s thriving market. Additionally, the three MoUs complement our efforts in smoothing the way for investors’ journeys to business success in Qatar, while transforming and diversifying one of the world’s most prosperous economies,” said Sheikh Ali Alwaleed al-Thani, chief executive, IPA Qatar
IPA Qatar will facilitate the operations of Bi.ZONE to set-up an infrastructure on the premises of Meeza, as well as hiring and training local specialists over the next five years. Additionally, the Russian entity will establish a regional centre for cybersecurity excellence to serve Qatar and the wider Gulf region.
Similarly, IPA Qatar supports APD to implement its investment plan, which entails the provision of transportation, accommodation and consulting services related to global sporting events, including FIFA Arab Cup 2021, and FIFA World Cup Qatar 2022.
The IPA Qatar’s pact with Wadi Water will enable the company to provide innovative technologies to the agriculture industry in Qatar in order to produce high quality products while reducing water waste.
Stressing that cybersecurity is one of the key priorities for digital development in the Middle East; Dmitry Samartsev, chief executive, BI.ZONE, said, "I believe that our collaboration with IPA Qatar will open up great opportunities for us to explore the needs of Qatar and provide services to strengthen the cyber resilience of the whole region.”
Stepan Lianozov, managing partner, APD, said the upcoming FIFA World Cup would showcase Qatar to international tourists and businesses where APD can play key role.
"We aim to transfer the knowledge (particularly from 2018 FIFA World Cup in Russia) and invest in educating and training local teams and suppliers, developing the local infrastructure, and procure services for our international clients from local sources," he said.
Highlighting that during the last three years, Accord Pitch Doha already engaged in close co-operation with several local partners; he said "we believe in the efficiency of our investment and plan to continue working in Qatar after 2022.”
Andrey Martirosov, CIO and co-founder, Wadi Water, said the goal is to create an innovative direction in agritech in Qatar using water from the air.
Prior to the creation of this project, Wadi Water had been distributing and testing atmospheric water generators in Qatar for several years and was looking for areas for applying this technology with maximum benefits for both the environment and the people of Qatar.
The new partnerships set forth the framework of co-operation between IPA Qatar and the three Russian partners, including BI.ZONE, one of the most innovative Russian cybersecurity companies; Accord Pitch Doha (APD), a Russian transportation and hospitality service provider; and Wadi Water, an innovative agritech company.
The MoUs will further strengthen the diversification of the Qatari-Russian ties and accelerate the growth of Russian investments in the country.
"We are delighted to foster key partnerships with Russian investors, such as BI.ZONE, APD and Wadi Water, and embark on collaborations that create more business avenues for investors in Qatar’s thriving market. Additionally, the three MoUs complement our efforts in smoothing the way for investors’ journeys to business success in Qatar, while transforming and diversifying one of the world’s most prosperous economies,” said Sheikh Ali Alwaleed al-Thani, chief executive, IPA Qatar
IPA Qatar will facilitate the operations of Bi.ZONE to set-up an infrastructure on the premises of Meeza, as well as hiring and training local specialists over the next five years. Additionally, the Russian entity will establish a regional centre for cybersecurity excellence to serve Qatar and the wider Gulf region.
Similarly, IPA Qatar supports APD to implement its investment plan, which entails the provision of transportation, accommodation and consulting services related to global sporting events, including FIFA Arab Cup 2021, and FIFA World Cup Qatar 2022.
The IPA Qatar’s pact with Wadi Water will enable the company to provide innovative technologies to the agriculture industry in Qatar in order to produce high quality products while reducing water waste.
Stressing that cybersecurity is one of the key priorities for digital development in the Middle East; Dmitry Samartsev, chief executive, BI.ZONE, said, "I believe that our collaboration with IPA Qatar will open up great opportunities for us to explore the needs of Qatar and provide services to strengthen the cyber resilience of the whole region.”
Stepan Lianozov, managing partner, APD, said the upcoming FIFA World Cup would showcase Qatar to international tourists and businesses where APD can play key role.
"We aim to transfer the knowledge (particularly from 2018 FIFA World Cup in Russia) and invest in educating and training local teams and suppliers, developing the local infrastructure, and procure services for our international clients from local sources," he said.
Highlighting that during the last three years, Accord Pitch Doha already engaged in close co-operation with several local partners; he said "we believe in the efficiency of our investment and plan to continue working in Qatar after 2022.”
Andrey Martirosov, CIO and co-founder, Wadi Water, said the goal is to create an innovative direction in agritech in Qatar using water from the air.
Prior to the creation of this project, Wadi Water had been distributing and testing atmospheric water generators in Qatar for several years and was looking for areas for applying this technology with maximum benefits for both the environment and the people of Qatar.
