Qatar Hosts Third Investment Council

Doha, – Qatari Businessmen Association, in cooperation with the French embassy, organized on Monday the third investment council in the presence of Matthias Fekl, French minister of state for foreign trade, the promotion of tourism and French nationals abroad, currently on a visit to Doha.

In his address before attendees of the one-day event, Fekl hailed the bilateral ties between his country and Qatar, noting that he visited Doha last year and has noticed the big changes and developments in the city.

He said that the convening of the Qatari-French investment council aims to encourage Qatari investors to enter France and promote Qatari investors in his country whether through the public or private sectors.

He praised the strength of the Qatari economy, noting that the investment council opens the door for more investment opportunities between the two sides as well as more cooperation across the different business sectors.

Fekl added that his country has amended several investment laws in order to attract more investments, noting that nearly 1,200 French firms are active in Qatar and stressing that France is the second investment destination for Qatar around the world.

In turn, HE Sheikh Hamad bin Faisal Al-Thani, board member of Qatari Businessmen Association, said the visit of the French minister to Doha comes in the context of boosting Qatari-French ties to a new level of cooperation.

HE Sheikh Hamad bin Faisal Al-Thani said the Qatari and French laws as well as the signed agreements between the two sides helped in bringing more than 20 billion euros of Qatari investments to France.

He said that Qatar is working according to Qatar National Vision 2030 in order to enhance economy and promote human, social and environment development.

On the sidelines of the event, three agreements were signed; between Qatar University and Dassault Aviation, between the Ministry of Public Health, Sanofi Aventis group and the French embassy, and a training agreement between Alstom Transport and HEC Paris Qatar.

Source: Qatar News Agency