The Investment Promotion Agency Qatar (IPA Qatar) and Business France on Monday entered into a memorandum of understanding (MoU).
The agreement will facilitate the expansion of Business France’s office in Qatar and aims to strengthen relations and boost co-operation between the two parties by setting the foundation for institutional collaboration.
The agreement, which follows a letter of intent signed in February 2020, underlines the two entities’ commitment to further broaden their partnership and facilitate the exchange of professional expertise, market information and research with regards to foreign direct investment promotion and attraction.
Additionally, the MoU will entail joint business initiatives in marketing, investors’ facilitation and retention, and policy analyses, among other areas.
"I am confident that this partnership will be another pivotal step towards increasing the presence of French businesses in Qatar, which currently count for more than 400 companies, operating across a wide range of industries," said Sheikh Ali Alwaleed al-Thani, chief executive, IPA Qatar.
Marie-Cecile Tardieu, COO of Business France, said with this agreement, Business France and IPA Qatar are deepening their constructive collaboration in a peer-to-peer spirit and mutual benefit.
"It reflects the strong and shared willingness to engage in an ambitious programme of co-operation through experience and intelligence sharing between the two agencies,” he said.
Equally significant, this agreement complements its efforts in fostering innovation and technology in business environment, in addition to nurturing high-skilled talent and supporting the exchange of expertise and knowledge, he added.
Given the IPA Qatar and Business France’s common goals, pertaining to investment promotion and facilitation in their jurisdiction, Qatar represents the right destination for Business France to further widen its international network.
Backed by its investment in a vibrant knowledge-based economy, Qatar is rapidly transforming into a hub for innovation and entrepreneurship, where a promising outlook builds on a strong economic foundation and creates a wealth of opportunities for investors.
With immense investments into developing state-of-the-art educational infrastructure, research programmes and business excellence, Qatar is home to a higher innovation capability, and a true destination for the world’s best and brightest talent.
The French agency, which is positioned as a powerful platform to speed up the growth of high-potential French startups harbouring international ambitions, supports 10,000 SMEs and mid-size companies every year through its various solutions.
Business France has 150 investment advisors, in addition to 1,500 personnel, both in France and in 70 countries throughout the world, who work with a network of public- and private-sector partners.
The agreement will facilitate the expansion of Business France’s office in Qatar and aims to strengthen relations and boost co-operation between the two parties by setting the foundation for institutional collaboration.
The agreement, which follows a letter of intent signed in February 2020, underlines the two entities’ commitment to further broaden their partnership and facilitate the exchange of professional expertise, market information and research with regards to foreign direct investment promotion and attraction.
Additionally, the MoU will entail joint business initiatives in marketing, investors’ facilitation and retention, and policy analyses, among other areas.
"I am confident that this partnership will be another pivotal step towards increasing the presence of French businesses in Qatar, which currently count for more than 400 companies, operating across a wide range of industries," said Sheikh Ali Alwaleed al-Thani, chief executive, IPA Qatar.
Marie-Cecile Tardieu, COO of Business France, said with this agreement, Business France and IPA Qatar are deepening their constructive collaboration in a peer-to-peer spirit and mutual benefit.
"It reflects the strong and shared willingness to engage in an ambitious programme of co-operation through experience and intelligence sharing between the two agencies,” he said.
Equally significant, this agreement complements its efforts in fostering innovation and technology in business environment, in addition to nurturing high-skilled talent and supporting the exchange of expertise and knowledge, he added.
Given the IPA Qatar and Business France’s common goals, pertaining to investment promotion and facilitation in their jurisdiction, Qatar represents the right destination for Business France to further widen its international network.
Backed by its investment in a vibrant knowledge-based economy, Qatar is rapidly transforming into a hub for innovation and entrepreneurship, where a promising outlook builds on a strong economic foundation and creates a wealth of opportunities for investors.
With immense investments into developing state-of-the-art educational infrastructure, research programmes and business excellence, Qatar is home to a higher innovation capability, and a true destination for the world’s best and brightest talent.
The French agency, which is positioned as a powerful platform to speed up the growth of high-potential French startups harbouring international ambitions, supports 10,000 SMEs and mid-size companies every year through its various solutions.
Business France has 150 investment advisors, in addition to 1,500 personnel, both in France and in 70 countries throughout the world, who work with a network of public- and private-sector partners.
