Investments

Qatar set to spend $100bn on investments, infrastructure The Qatar Financial Centre (QFC) is ready to receive requests for licensing from international financial institutions and multinational corporations IBPN sets up office at QCCI premises Qasco signs deal with Italian firm to set up steel smelter

Welfare, freedom, security and stability are the main features figured out by the Qatari local policy, while independence and rationality characterize its foreign policy.

Thanks to the wise and far-sighted leadership of HH the Emir Sheikh Hamad bin Khalifa Al-Thani, the State of Qatar enjoys an exemplary prosperity and occupies a deservedly prestigious position on the regional, Arab and international levels. The local Qatari policies are basically meant to ensure welfare for the citizens, while its foreign policy is based on noble principles to serve the best interest of the homeland, to consolidate the joint process of the GCC and to support Arab and Islamic causes.

The pioneering stances taken by small-sized Qatar have qualified it to become an effective player with a prestigious position.

Since assumption of authority in June 1995, HH the Emir has shown great keenness to lend more vigor and dimension to the foreign policy to serve the higher interests of the country, retaining thereby Qatar's independence of decision-making and keeping up the basic fundamentals featuring its Gulf and Arab characteristics.

Within the context, the State of Qatar effectively supports the process of integration with fellow GCC member states and actively upgrades the standard of coordination maintained with them to materialize the legitimate aspirations of GCC peoples. The State of Qatar has sincerely endeavored to strengthen its close links with fellow GCC member states and unhesitatingly supports them, as it was the case with Kuwait during the Gulf crisis.

The Centre was formally opened by Prime Minister H H Sheikh Abdullah bin Khalifa Al Thani. The Qatar Financial Centre provide Activities such as project financing, private wealth management, insurance of all types, Islamic finance and a wide range of investment, corporate and private banking opportunities, among others, are permitted under the QFC Law.
The vision of the QFC is to be become a vibrant hub of financial and professional services in a low-cost, low-risk environment, said the minister, who is in-charge of the QFC.
The QFC Regulatory Authority and its rules have been designed to meet global best practices and deliver high standards with minimal bureaucracy,
 “The QFC is actively encouraging applications from firms who share our long-term view and aspirations. We, therefore, welcome applicants who have both the passion and commitment to realize the benefits of a long-term investment in a spirit of partnership with a forward-looking Qatar, which is developing and diversifying its economy from a position of strength,
The QFC is regulated by the above law and has two main ingredients: the QFC Authority (commercial and administrative body responsible for driving the commercial strategy and developing relations with the global corporate community) and a fully independent Regulatory Authority (to oversee business conduct and grant licenses).

The Indian Business and Professional Network (IBPN) have set up an office in the Qatar Chamber of Commerce and Industry (QCCI) building.
IBPN was founded under the aegis of the Indian embassy four years ago to help promote business and inve According to IBPN's president, Hasan Chougule, the office has been opened as the organisation is keen to play a wider role and introduce Indian companies to explore business and investment opportunities in Qatar.
It also aims at providing a reciprocal interface for business and trade organisations in Qatar to explore business opportunities in India.
"We are trying to identify different Indian products and services which could find a market in Qatar and simultaneously identity sectors in which Indian companies could participate with their Qatari counterparts," Chougule said in a statement issued.

Qatar Steel Company (Qasco), which is fully owned by Industries Qatar, signed an Engineering, Procurement and Construction (EPC) contract
With Italian firm Danieli & C Officine Meccaniche S PA to set up an iron and steel smelter with a production capacity of 600 tons of iron bars per annum at the cost of approximately 100m Euro, a news release issued by Qasco said.