In a new joint initiative, the Qatar Free Zones Authority (QFZ) and the Qatar Development Bank (QDB) have announced their collaboration to improve the investment climate in Qatar. The focus of this partnership is to support investors who operate in the free zones by offering them a diverse range of financial and advisory programs and services provided by QDB.
As part of its effort to promote its status as a unique investment destination in the region, the authority is expanding its partnerships with key national players.
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Through this deal, QFZ hopes to strengthen its position as a noteworthy player in the investment industry.
QFZ and QDB have initiated the joint venture through an agreement signed by Sheikh Mohammed bin Hamad bin Faisal Al-Thani, CEO of Qatar Free Zones Authority, and Abdulrahman Hesham Al Sowaidi, CEO of Qatar Development Bank.
Essential support
According to Sheikh Mohammed bin Hamad bin Faisal Al-Thani, the collaboration with QDB is aligned with the Qatar National Vision 2030, as it supports the development and diversification of Qatar’s economy.
The CEO of QFZ believes that this partnership will provide essential support for investors operating in the free zones. This support will enable them to grow and prosper in a favorable investment environment, strengthening the commitment to expand the horizons of investment and development in Qatar.
Abdulrahman Hesham Al Sowaidi, the CEO of QDB, stated that the partnership with QFZ would assist Qatari companies registered in free zones to start and expand their businesses. The collaboration will support these companies in achieving their goals and further contribute to the development of Qatar’s economy.
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