Qatar Free Zone to set up electronics factory
DOHA, 4 hours, 30 minutes ago Qatar Free Zones Authority (QFZA) has set up a state-of-the-art production facility in Umm Alhoul Free Zone, built by a partnership between US-based iLife Digital and Prime Technologies, a subsidiary of Ali Bin Ali Holding. iLife and Prime Technologies will use the 2,500-sq-m factory to create innovative iLife-branded electronic devices, including laptops, PCs, smart watches and mobile phones, among others. The new space will help meet the growing demand for affordable electronic projects in the Mena region, and is the latest of many partnerships QFZs have orchestrated with the private sector.
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Background
The state of Qatar (Qatar) is one of the fastest growing economies and has the highest per capita income in the world. It is undergoing a rapid transformation to attract leading global companies and individuals to help deliver a future driven by innovation. Although the majority of the country’s revenues stem from its natural reserves and resources, since the development in 2008–2012 of Sheikh Tamim bin Hamad Al Thani’s Qatar National Vision 2030, Qatar’s economic policy has also been focused on developing and expanding its non-energy-related sectors and industries.
Qatar’s National Vision 2030 is set to invest over US$200 billion in human, economic, social, and environmental developments and advancements to establish a self-sustaining economy. To achieve this vision and to drive foreign investment into the country, Qatar has provided for the creation of numerous ‘free zones’ that offer lucrative commercial and economic incentives. One of these is the Qatar
To achieve their vision and to drive foreign investment into the country, Qatar has provided for the creation of numerous ‘free zones’ that offer lucrative commercial and economic incentives. One of these is the Qatar Free Zones.
Qatar, Turkmenistan chambers review boosting cooperation between private sectors
13 Apr 2021 - 11:58
The Peninsula
Qatar Chamber (QC), in cooperation with the Turkmenistan Chamber of Commerce and Industry, yesterday held the “Qatar-Turkmenistan Business Meeting” via video conferencing. The webinar reviewed areas of cooperation between the Qatari private sector and its Turkmenistan counterpart as well as explored investment opportunities available in both countries.
QC First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari presided over the Chamber’s delegation participating at the meeting, while the Turkmenistan delegates were led by Dovletgeldi Rejepov, Chairman of Turkmenistan Chamber of Commerce and Industry.
Addressing the meeting, Al Kuwari praised the bilateral relations between the State of Qatar and the Republic of Turkmenistan. He also stressed that the visit of the Amir HH Sheikh Tamim bin Hamad Al Thani to Turkmenistan in 2016 and the visit of President o