Doha – Qatar: A delegation representing Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, participated in the 53rd World Economic Forum (WEF) annual meeting in Davos, Switzerland, held from 16 to 20 January 2023 under the theme ‘Cooperation in a Fragmented World’. Headed by Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, the delegation included Sheikha Alanoud Bint Hamad Al-Thani, Deputy CEO & Chief Business Officer at QFC and a World Economic Forum’s Young Global Leader.
This year’s WEF annual meeting focused on a number of critical issues ranging from geopolitical challenges, global economic events, climate change, food security and globalisation, and saw the participation of more than 2,700 leaders from 130 countries.
During the Annual Meeting, Al Jaida and Sheikha Alanoud engaged in a number of discussions, private meetings and bilateral talks with corporate CEOs, executive directors, as well as finance and economic leaders, exploring prospects of cooperation and potential business opportunities in light of the unique services and benefits QFC offers to companies and foreign investors looking at establishing a business in Qatar, a market ranking first among the top FDI destinations globally in 2022. They also highlighted the QFC efforts to attract investments in vital sectors such as banking and finance, energy, infrastructure, agriculture, transportation and aviation, as well as technology and digital sectors, in line with Qatar’s 2030 National Vision diversification strategy.
ABOUT QATAR FINANCIAL CENTRE
Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. QFC offers its own legal, regulatory, tax, and business environment, which allows up to 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits. QFC welcomes a broad range of financial and non-financial services firms.
For more information about the permitted activities and the benefits of setting up in QFC, please visit www.qfc.qa