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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
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.
