The Investment Promotion Agency Qatar (IPA Qatar) and Qatar Stock Exchange (QSE) have entered into a memorandum of understanding (MoU), which aims at further boosting the attractiveness of the Qatari market for foreign investments.
The MoU, which represents a launch-pad for diverse collaborations between the two organisations, was signed by Sheikh Ali Alwaleed al-Thani, chief executive, IPA Qatar and Rashid bin Ali al-Mansoori, chief executive of QSE.
Serving the common goal of showcasing Qatar as a thriving investment destination, the MoU sets the framework for IPA Qatar and QSE to join efforts in promoting the country's conducive business landscape and attracting new investors to set up their business in the market.
Additionally, the two organisations would collaborate on advancing the breadth of investment and trading opportunities for businesses, as well as advancing foreign inflows into the QSE.
According to the terms of agreement, the new partnership envisages exchanging knowledge, conducting cross-promotional activities, and hosting joint events with the aim of promoting the Invest Qatar brand across the global investment community, while highlighting the opportunities offered by the QSE.
Al-Mansoori welcomed the signing of the MoU as a basis for close cooperation with the IPA Qatar aimed at enhancing the investment attractiveness of the Qatari market.
"The QSE management is working intensively to promote the capital markets in Qatar and the advantages of investing in the QSE and listed companies, especially in light of the plans to raise the classification of the Qatari market from an emerging market to an advanced market on global indices," he said.
Sheikh Ali said he is delighted to be partnering with QSE, in a step that further solidifies our efforts in creating new avenues for attracting investors to Qatar.
"This new partnership complements our commitment to accelerate the development and diversification of Qatar’s investment climate, while supporting the business growth of our investors and ensuring their long-term success in the state," he said.
In addition to stimulating the inflow of foreign investments to Qatar, the MoU entails research cooperation between IPA Qatar and QSE, whereby they would develop joint research publications, in addition to recommending and advocating policy reforms with the goal of advancing Qatar’s business and investment climate.
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