QFC Invites Bangladeshi Corporates to Scout for Investment Opportunities in Doha

The Qatar Financial Centre (QFC) has invited Bangladeshi corporates to scout for investment opportunities in Doha, especially in the areas of burgeoning ICT market that is estimated to touch US$4.4 billion by 2021. This was disclosed by the QFC Authority chief executive Yousuf Mohamed al-Jaida at the ‘Made in Bangladesh 2020’ trade and investment exhibition. The three-day event organized by Bangladesh Forum Qatar and the Bangladesh Embassy in Qatar — under the patronage of Export Promotion Bureau of Bangladesh, Ministry of Commerce of Bangladesh and Qatar Chamber — aimed to boost economic diplomacy between Bangladesh and Qatar by tapping into sustainable trade and investment potentials between the two countries to create new economic alliances. The event included B2B meetings, seminars and networking sessions between Bangladeshi investors and their Qatari counterparts.

"Bangladesh and Qatar have enjoyed healthy economic relations for decades. With Made in Bangladesh 2020, we strengthen that relation further by opening new doors where new business ventures can be formed between the two countries," al-Jaida said. During the event’s opening ceremony, he highlighted the strategic role of the QFC in developing and diversifying the Qatar economy and underscored how the QFC’s new strategy, which includes a renewed focus on the media, digital, sports and financial services sectors, and in a new economic corridor which include Kuwait, Oman, Turkey, Pakistan and India, is attracting more foreign direct investment and positioning Qatar as the most promising hub for firms to set-up business and operate in the region.

Sheikha Alanoud bint Hamad al-Thani, managing director of Business Development, QFC, who gave a presentation on the numerous investment opportunities in Qatar for Bangladeshi ICT companies, emphasized how Qatar’s already burgeoning ICT market that is estimated to reach US$4.4 billion by 2021, as well as Qatar’s strategic move towards building a knowledge-based economy, thus making the Qatari market an ideal investment destination for ICT businesses.