Latest news with #FaisalAlThani
Qatar Tribune
25-05-2025
- Business
- Qatar Tribune
QFZ, Samsung C&T to launch green, digital infra projects
Tribune News Network Doha Qatar Free Zones Authority (QFZ) and Samsung C&T Corporation signed a landmark strategic agreement, reaffirming their long-term partnership on a series of high-impact, sustainability-driven, and innovation-led projects within Qatar's Free Zones. The agreement ushers in a new phase of execution across green and sustainable investments in key sectors in the State of Qatar and the region. The agreement signing was witnessed by Minister of Commerce and Industry and Chairman of Qatar Free Zones Authority HE Sheikh Faisal bin Thani bin Faisal Al Thani and Ambassador of Korea to Qatar HE Yun Hyunsoo. The agreement was signed by Qatar Free Zones Authority CEO Sheikh Mohammed bin Hamad bin Faisal Al Thani and Samsung C&T Corporation CEO President and CEO Se Chul Oh at the Business Innovation Park in Ras Bufontas Free Zone on the sidelines of his visit and participation at Qatar Economic Forum (QEF) 2025. The signing was also attended by senior dignitaries from Qatari government entities, high-ranking officials from both parties, and representatives from public and private sector stakeholders. The event was followed by a reception celebrating the two parties' shared ambition to shape the future of sustainable investment in Qatar and the wider region. Under the agreement, QFZ and Samsung C&T will collaborate on five transformative projects, which include a Competency Center in Solar Technologies, a 285 MW ground solar farm, an off-grid rooftop solar energy solutions, a low-carbon bioproducts plant and a cutting-edge digital infrastructure project. These projects reflect the shared commitment of both parties to advancing climate-conscious development while delivering long-term economic value through localisation, job creation, and technology transfer. The projects are expected to generate significant employment opportunities across engineering, clean technology, and data services. The solar competency center will serve as a distribution hub and launchpad for the region's most ambitious solar initiatives, backed by international engineering expertise. Meanwhile, the green energy initiatives, including the solar farm and rooftop systems, will power QFZ's investor ecosystem and contribute to Qatar's growing reputation as a regional sustainability leader. The low-carbon plant will produce next-generation bioproducts, while the advanced digital infrastructure project will support the digital transformation of businesses in Qatar and across the region. Sheikh Mohammed said, 'This agreement with Samsung C&T is a defining moment in our mission to transform Qatar into a global platform for sustainable innovation and advanced technologies. It exemplifies how strategic partnerships can unlock long-term value across economic, environmental, and societal dimensions, while directly contributing to the pillars of Qatar National Vision 2030. Through initiatives spanning green energy, digital infrastructure, and bio-industrial solutions, we are creating the foundations of a resilient, diversified economy powered by knowledge, clean technology, and global collaboration. Qatar Free Zones Authority is proud to lead this transformation, enabling international pioneers like Samsung C&T to shape the industries of tomorrow from the heart of Qatar.' Se Chul Oh said, 'It is a privilege to be part of today's momentous occasion, marking the signing of this important agreement with Qatar Free Zones Authority. Samsung C&T Corporation has been actively engaged in the Qatari market for many years, where we have successfully delivered some of the country's most significant projects in power, infrastructure, and renewable energy. We look forward to strengthening our collaboration with Qatar Free Zones Authority across a diverse range of sectors. In particular, we are enthusiastic about the opportunity to work together on clean energy initiatives, which are critical to advancing the global shift toward sustainability and supporting the green transformation currently reshaping industries worldwide.' With facilities planned across both Ras Bufontas and Umm Alhoul Free Zones, the partnership will leverage Qatar's strategic connectivity and robust infrastructure to serve both local and regional markets. By aligning sustainability with innovation, and ambition with execution, this agreement cements Qatar's Free Zones position as a preferred destination for high-value, impact-driven global partnerships.
Qatar Tribune
19-05-2025
- Business
- Qatar Tribune
QEF strengthens Qatar's position as hub for dialogue: Minister
QNA Doha Minister of Commerce and Industry HE Sheikh Faisal bin Thani bin Faisal Al Thani said that Qatar Economic Forum, Powered by Bloomberg, which will launch its fifth edition on Tuesday, represents a key milestone in strengthening Qatar's position as a pivotal hub for global economic dialogue and a leading international platform for exchanging views on current economic issues and challenges and exploring prospects for growth and prosperity in an increasingly fast-changing global environment. The minister noted that the forum stands out for the participation of heads of state, government officials, business leaders, CEOs of major institutions, investors, academics, and entrepreneurs from around the world, reflecting its growing status on the international stage. He emphasised that the forum embodies one of the outcomes of Qatar's strategic orientation toward economic openness and the strengthening of global partnerships, driven by its firm belief in the importance of constructive dialogue to address global economic challenges and in adopting innovative solutions that contribute to building a more stable and sustainable economic future. He pointed out that this year's edition is significant due to its focus on several key themes that reflect the most pressing economic issues regionally and globally, which include geopolitics, globalization, and trade; energy security; technological developments; business and investment outlook; and sports and entertainment. These themes form an integrated framework that reflects the growing interconnectedness of politics, economy, technology, and culture in shaping the future of economic development, he explained. He added that by hosting this global event, Qatar reaffirms its ste adfast commitment to playing an active role in shaping the global economy, promoting multilateral dialogue, and providing an enabling environment for the exchange of innovative ideas, contributing to market stability and the stimulation of sustainable growth. His Excellency noted that, based on the wise directives of the country's leadership, the Ministry of Commerce and Industry is working to support these efforts by developing economic and trade policies, stimulating the business and investment environment, and enhancing the competitiveness of the national economy, all in alignment with the goals of Qatar National Vision 2030 and reinforcing the country's position as a global economic and investment hub. The minister concluded his statement to QNA by saying that they are certain that this edition of the Forum will mark a new milestone in the journey of international economic coordination and will contribute to drawing a more inclusive and adaptable roadmap to address current and future economic challenges, fulfilling the aspirations of people for development and prosperity.
Qatar Tribune
07-05-2025
- Business
- Qatar Tribune
Qatar Trade and Treasury Summit kicks off in Doha
Tribune News Network Doha The Qatar Trade and Treasury Transformation Summit 2025, organised by Qatar Chamber and the International Chamber of Commerce Qatar (ICC Qatar), and co-organised by MERGE Events, will kick off today, at the InterContinental Doha, Qatar Chamber announced in a statement. The summit is held under the patronage of Minister of Commerce and Industry HE Sheikh Faisal bin Thani bin Faisal Al Thani, alongside Sheikh Khalifa bin Jassim Al Thani, Chairman of Qatar Chamber. According to the statement, the summit brings together a distinguished line-up of international experts and speakers to explore the latest trends and insights into the trade and treasury sectors. Held for the first time in Qatar, the summit will focus on digital transformation in banking operations and its role in enhancing corporate treasury capabilities through innovative and intelligent cash and payment solutions. The event aims to foster innovation and accelerate digital development in Qatar, serving as a strategic platform to examine the latest developments in trade finance, treasury, and payment practices. It will feature seven panel discussions and a closing session, covering key topics such as the expansion of Qatar's trade capabilities, anti-money laundering measures, the future of trade finance, treasury management transformation, and innovations in cross-border payments.
Qatar Tribune
04-05-2025
- Business
- Qatar Tribune
Doha Insurance Group extends support to Qatar treasury summit
Tribune News Network Doha Qatar Chamber recently announced that Doha Insurance Group is supporting the 'Qatar Trade and Treasury Transformation Summit 2025' as the Gold Sponsor. Under the patronage of HE Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Commerce and Industry, the 'Qatar Trade and Treasury Transformation Summit 2025' will be held on May 7 at the InterContinental Doha Hotel. Organised by Qatar Chamber and the International Chamber of Commerce (ICC Qatar), and co-organised by MERGE Events, the summit convenes leading experts from the GCC and beyond to explore the latest trends in trade, digital banking, and treasury innovation. The event aims to accelerate digital transformation and foster innovation in trade finance and payment solutions. Ali Bu Sharbak Al Mansori, Acting General Manager of Qatar Chamber praised the ongoing cooperation between the Chamber and Doha Insurance Company, as well as the company's gold sponsorship of this important event. Al Mansouri noted that the 'Qatar Trade and Treasury Transformation Summit 2025' will highlight key developments in the sector through panel discussions featuring company leaders and prominent experts, aimed at exchanging views, ideas, and experiences. Jassim Ali A Al Moftah, CEO of Doha Insurance Group, stated that the Group is proud to be a gold sponsor of this important event, which focuses on trade and treasury transformation and aims to promote innovation and digital development in Qatar. He noted that the summit will serve as a strategic platform to discuss key developments in trade finance, treasury, and payment practices, as well as broader advancements in the Qatari financial sector. He emphasized that Doha Insurance Group is committed to keeping pace with global technological advancements, as it strives to offer innovative insurance solutions that contribute to the growth of the national insurance sector. Established in 1999 by Emiri Decree No. 30, Doha Insurance Group is a leading provider of insurance and reinsurance solutions in Qatar, licensed by the Qatar Central Bank and listed on the Qatar Stock Exchange. The Group offers a comprehensive range of general and Sharia-compliant (takaful) insurance products across Qatar, the GCC, and international markets. With a robust structure comprising Doha Takaful (transitioning into Doha Islamic Insurance Co 'Shamel'), MENA-RE (in the Dubai International Financial Centre – DIFC), and MENA-RE Life in Beirut, and Barzan Technology Solutions in Amman, Jordan, the Group continues to strengthen its international footprint—including the recent launch of an International Insurance Office in the Gujarat International Finance Tec-City (GIFT-CITY) – India. Doha Insurance Group currently holds an A- rating with a stable outlook from Standard & Poor's (S&P), underscoring its robust financial strength and prudent governance. This rating reaffirms the continued growth in the Group's competitive capabilities, the soundness of its technical foundations, the resilience of its operational performance, and the effectiveness of its enterprise risk management. A cornerstone of Doha Insurance Group's strategic vision is its commitment to customer-centric innovation and digital transformation. The Group has invested in advanced platforms—such as mobile apps, AI-powered tools, online portals, and an expanding call center—to streamline operations and deliver seamless customer experiences. Through automation, predictive analytics, and digitized workflows, the Group continues to enhance its responsiveness, operational efficiency, and market agility. These initiatives are aligned with the broader goals of Qatar's National Vision 2030, particularly in supporting the transition to a knowledge-based, innovation-driven economy. Guided by its core values – integrity, innovation, service excellence, responsible governance, and sustainable growth, Doha Insurance Group places customers at the heart of its operations. The Group fosters trust and long-term partnerships through transparency, education, and specialized solutions tailored to evolving client needs. With forward-looking leadership and a clear and ambitious strategic direction, Doha Insurance Group remains firmly committed to its mission: Empowering Growth, Protecting Futures, and Championing a Pioneering Spirit.
Zawya
30-01-2025
- Business
- Zawya
Qatar-Oman trade exchange exceeded $1.8bln in 2024
Doha, Qatar: Minister of Commerce and Industry, H E Sheikh Faisal bin Thani bin Faisal Al Thani and Minister of Commerce, Industry and Investment Promotion of the Sultanate of Oman, H E Qais bin Mohammed Al Yousef inaugurated yesterday, the Oman-Qatar Economic Forum, held in Muscat, on the sidelines of the visit of Amir H H Sheikh Tamim bin Hamad Al Thani to the Sultanate of Oman. The forum drew large participation from top businessmen, investors, and leaders of major Qatari and Omani companies in diverse industries. The forum aims to enhance trade, investment and industrial cooperation between the two countries and unlock new prospects for the Qatari and Omani private sectors to establish investment projects in the sectors of mutual interest. It is a pivotal step toward expanding cooperation and delivering new investment opportunities that help achieve economic and commercial benefits for both sides. In his opening speech, Sheikh Faisal bin Thani bin Faisal Al Thani stressed the depth of the relations between the State of Qatar and the Sultanate of Oman based on a shared history and close ties between the two peoples. He pointed out that the Qatar-Oman bilateral relations have witnessed significant development, thanks to mutual official visits and a shared willingness of both leaderships to advance bilateral cooperation and unlock new prospects for partnership and investment. He assessed that the forum represents a pivotal platform for enhancing dialogue between the public and private sectors in both countries, as it stimulates partnerships and mutual investments, noting that the volume of trade exchange between Qatar and Oman exceeded $1.8bn by the end of 2024. His Excellency urged businessmen and investors in the Sultanate of Oman to leverage the unique business and investment environment in the State of Qatar, and the promising opportunities in the key sectors designated under Qatar National Development Strategy. During the forum, the two parties highlighted the advantages of the business environment in both countries, and discussed pathways to enhance cooperation in various fields. The forum comprised several dialogue sessions under the titles: 'A Shared Future Vision for Industrial and Logistics Integration between Qatar and Oman', 'Tourism and Hospitality Towards Sustainability: Enhancing Tourism and Hospitality Prospects between Qatar and Oman', and 'Technology and Digital Services: Towards an Integrated Digital Economy between Qatar and Oman'. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
