Qatar participates in Hannover Messe International Industrial Fair
May 28 2022 05:13 PM
Qatar participates in Hannover Messe International Industrial Fair

QNA/Doha

 
 
Qatar will participate in the Hannover Messe International Industrial Fair 2022, taking place from May 30 to June 2 in Hanover, Germany.
The largest industrial forum on the global scene, Hannover Fair attracts the largest production companies in the world, and is the world's leading trade fair for industrial technology.
Organised by the Ministry of Commerce and Industry and spanning an area of about 821sqm, Qatar’s pavilion features a number of government and private sector agencies, including: the Investment Promotion Agency, Free Zones Authority, Qatar Science and Technology Park, Qatar Chamber, Qatar Development Bank, Qatar Financial Centre, Qatari Businessmen Association, Qatar Centre for Technological Innovation, in addition to a number of private companies such as the Qatar Industrial Manufacturing Company, Doha Cables Company, Qtech Switchgear, Snoonu, Qterminals, S’hail Holding Group and Seashore.
The entities participating in Qatar pavilion shall preview the most prominent Qatari initiatives, projects, services, and products, as well as the promising investment opportunities, incentives, and privileges available to investors and businessmen to invest in the various sectors in Qatar.
The industrial fair also sheds light on the leading Qatari industries and the latest technologies and technological developments in the industrial sector in the country.
The Hannover International Industrial Fair comprises a significant opportunity to exchange expertise and experiences, introduce Qatari companies and industries, and blaze a trail for creating distinctive partnerships between Qatari companies and international companies, enhancing cooperation between them, as well as learning of the most prominent global experiences, and significant technical development in the industrial sector.
During its participation in the industrial fair, the Ministry of Commerce and Industry presents the characteristics of Qatar’s investment environment, as well as the laws and legislation passed to stimulate local and foreign investment, including the law regulating the investment of non-Qatari capital in economic activity, and the law regulating public-private partnership, in addition to previewing the incentives and advantages that have been provided to investors, such as exempting foreign invested capital from income tax for up to 10 years for specific investment projects in many sector; and providing exemption from custom taxes and fees when importing equipment and raw materials.
MOCI also introduces the services provided to investors to facilitate procedures pertaining to investment applications, establishing companies, and completing transactions.
The ministry also spotlights on the investment opportunities available in the industrial sector, and the determinants of Qatar's Manufacturing Strategy, as well as the goals it seeks to achieve by 2030, and growth projections of the industrial sector.
Additionally, the pavilion introduces the Ministry's role in developing industrial zones, and regulating the process of allocating industrial plots to investors holding industrial licenses.
It should be noted this year's edition of the Hannover Messe International Industrial Fair is being held in person for the first time since the Covid-19 pandemic.
This edition sheds light on industrial transformation, especially digitisation and sustainability, owing to their role in supporting the development of the industrial sector and the business environment.
The four-day event includes a number of dialogue sessions that highlight a wide range of topics such as industrial automation, cloud technologies, digital infrastructure, data management, digital platforms, robotics, information security technology, artificial intelligence, renewable energies, green hydrogen, as well as efficient energy use, CO2-neutral production, digital energy management, and the economy, alongside other important areas.
The world’s largest industrial forum, the Hannover Messe International Industrial Fair attracts the largest production companies globally.

Last updated: May 28 2022 09:48 PM


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