QBA Chairman Sheikh Faisal bin Qassim Al Thani (third right), Sheikh Dr. Khalid bin Thani Al Thani (second left), Second Deputy to the Chairman, QBA, and other officials during the event, yesterday.
DOHA: The Qatari Businessmen Association (QBA) hosted a high-level Jordanian trade, business and investment delegation from the Jordanian Businessmen Association yesterday at QBA. The event witnessed the meeting of Qatar-Jordan Joint Business Council, led by QBA Chairman Sheikh Faisal bin Qassim Al Thani and Hamdi Al Taba’a, Chairman Jordanian Businessmen Association (JBA), in the presence of Zeid Al-Lawzi, Ambassador of the Hashemite Kingdom of Jordan to the State of Qatar.
From the Board of the Qatari Businessmen Association, Sheikh Dr Khalid bin Thani Al Thani attended the meeting. Sheikh Nawaf bin Nasser Al Thani, Saud Al Mana and Abdulsalam Abu Issa, QBA Members Sheikh Faisal bin Fahad Al Thani, Maqbool Khalfan, Ihsan al Khiyami, Mohamed Althaf and Sheikh Nasser bin Nawaf bin Thani Al Thani and Sarah Abdallah, QBA Deputy GM were among other prominent personalities who attended the event.
Addressing the event, Sheikh Faisal described the meeting as an important step in the Qatari Businessmen Association’s series of events, that aim at enhancing and increasing communication between businessmen all over the world, thus paving the way for businessmen in Qatar and Jordan to establish trade and investment partnerships.
“The historic Qatari-Jordanian relations and the desire of our two countries’ leaderships to elevate these ties to broader horizons reflect the determination of businessmen in both countries to expand the base of joint investment projects to benefit the economic interests of the two brotherly countries,” Sheikh Faisal said.
Welcoming the Jordanian delegation, Sheikh Dr Khalid bin Thani Al Thani, Second Deputy to the Chairman, QBA said: “This meeting comes in the context of enhancing relations between Qatar and Jordan and elevating it to a new level of cooperation and opening channels of communication, identifying investment opportunities and translating them on ground in the interest of both parties.” “The potential of both Jordan and Qatar should be the basis for strong economic cooperation and strong partnership between the two countries, and that’s what led us to activate the role of the Business Council to create new investment opportunities and provide projects, ideas and proposals that add value to the national economy and raise the level of economic cooperation” “We hope that this council will provide a platform for interaction and discussion of bilateral trade opportunities between businessmen in both countries,” Sheikh Dr Khalid added.
During the meeting a number of presentations were made that highlighted Qatar’s investment climate.
Fahad Zynel, from Qatar Free Zone Authority gave a presentation explaining the Authority’s role in stimulating Qatar’s economic development by attracting foreign direct investment in the free zones and encouraging local investors to expand internationally to take Qatar into a new era of economic prosperity. Fahd also briefed on the most important incentives offered by Qatar and the efforts made by the State to achieve economic diversification.
For its part, the Single Window made a presentation on the objective of its establishment as one of the most important government initiatives launched in order to develop the business environment and stimulate the participation of the private sector, and encourage domestic and foreign investments and direct it to value-added sectors of the national economy, in line with Qatar National Vision 2030 Nasser Al-Taweel, Chief Legal Officer and Board Secretary at the Qatar Financial Centre (QFC) gave a presentation about the benefits to companies registered on the QFC business platform.
The QFC, which is one of the world’s leading and fastest growing onshore business and financial centres, allows registered companies to enjoy competitive benefits, such as working within a legal environment based on English common law, the right to trade in any currency, up to 100 percnet foreign ownership, 100 percent repatriation of profits, 10 percent corporate tax on locally sourced profits, and an extensive double taxation avoidance agreement network with 81 countries.
