Free Trade Zones

Chinese delegation visits Qatar free zones; discusses opportunities for bilateral cooperation with QFZA


HE Minister of State Ahmad al-Sayed, who is also Chairman of the Qatar Free Zones Authority (QFZA), recently received a Chinese business delegation visiting Qatar free zones. Al-Sayed was joined by senior QFZA management to welcome visitors.
The Chinese delegation was led by Zhou Jian, Ambassador of the People’s Republic of China to the State of Qatar, including Shengqiang Lin, Chairman of the QFC branch of the Bank of China and the Chinese Business Council (CBC) in Qatar, and other CBC representatives from several of the leading Chinese companies with operations in Qatar, including China Harbor Engineering Company, Huawei and the Industrial and Commercial Bank of China (ICBC).
During the meeting, which took place at the Ras Bufontas Free Zone Business Innovation Park, the two sides discussed strong Sino-Qatari bilateral relations, opportunities for trade and investment cooperation, and the role of Qatar’s free zones in supporting Chinese companies to develop in the region and around the world. The event included a presentation from QFZA showcasing investment opportunities in Qatar free zones, as well as a visit to the Ras Bufontas free zone.
The Ambassador said, “I am very happy to lead the Chinese Business Council delegation to visit Qatar Free Zones, which is one of the main platforms supporting Qatar’s dynamic and successful economic diversification process.”
He said that Qatar is an important economic and trading partner of China in the MENA region, and that bilateral trade has experienced rapid and remarkable growth in recent years, with China now being Qatar’s largest trading partner and the first country of origin of Qatar’s imports.
“Pragmatic cooperation in the fields of green development and the digital economy are being discussed by companies from the two brother countries. After entering a new stage of development, China will adopt the new development philosophy and promote a new development paradigm, focusing on growing domestic demand and expanding foreign investment abroad.
“Our bilateral investment cooperation has enormous potential to exploit. We wish to strengthen our close collaboration with QFZA to encourage and support more Chinese companies to explore investment opportunities and incentives in Qatar, ”he said.
Lin added, “The Chinese Business Council in Qatar (CBC) includes the largest state-owned Chinese companies and the largest in Qatar with the highest level of internationalization. CBC and its members attach great importance to deepening our cooperation with QFZA to jointly attract Chinese enterprises and economic diversification to Qatar.
“We look forward to preferential policies and more attractive opportunities for Chinese companies in the QFZ area. Under the leadership of Ambassador Zhou Jian, the CBC will strive to accelerate the implementation of the results of the meeting.
There are several Chinese companies licensed in Qatar free zones, including industry leaders China Harbor Engineering Company and Yutong Bus, as well as a range of innovative companies in technology, logistics, industry and food.
Qatar is experiencing rapid digital growth in all sectors, including in the preparations for the 2022 FIFA World Cup. Partnerships with leading Chinese organizations support the continued growth and development of Qatar’s economy , in line with the objectives of Qatar National Vision 2030.