H.E. Ahmad bin Mohammed A-Sayed, Minister of State and Chairman of QFZA, headed an official Qatari delegation participating in the China International Fair for Investment and Trade (CIFIT) 2019, which kicked off today in the city of Xiamen, Fujian Province in South-Eastern China.
The delegation includes representatives from the Ministry of Foreign Affairs (MOFA), Ministry of Commerce and Industry (MOCI), Qatar Free Zones Authority (QFZA) and Qatar Central Bank (QCB). Qatar Chamber (QCCI) is also part of the delegation and is representing the private sector, which plays an essential role in bolstering the national economy, and aims to create global partnerships with Chinese companies during the fair.
His Excellency Minister of State and Chairman of QFZA, together with other members of the delegation held high-level meetings with a number of provincial State Governors of Shanxi and Fujian Provinces and Xiamen City on the sidelines of the fair. His Excellency, accompanied by members of the delegation, met with Mr. Liu Shang-Ch'ing, Governor of Shanxi Province, as well as with Mr. Tang Dengjie, Governor of Fujian Province, and Ms. Ni Zhao, Member of Standing Committee of Political Bureau of CPC Central Committee, General Administration Manager of Xiamen Area of China (Fujian) Pilot Free Trade Zone.
Meanwhile, QFZA representatives met with a group of leading Chinese technology companies to explore investment opportunities in Qatar and the free zones, in addition to bilateral meetings held by members of the Qatari delegation with a number of Chinese companies from various sectors.
In the coming days, QFZA will organize the Qatari-Chinese Free Zones Forum, which sees the participation of members of the Qatari delegation alongside representatives from a number of Chinese companies operating in technology, import and export, e-commerce, chemicals and industry, and other key sectors. QFZA will sign a number of memorandums of understanding during the forum.
QFZA recently announced it has attracted and approved investments totaling more than 1 billion QAR (more than $300 million) from a range of major international and local companies as well as joint ventures, all in six months before the official launch of the zones. Investors from Qatar and abroad can apply to invest and register in the free zones through QFZA.
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About Qatar Free Zones Authority (QFZA)
Qatar Free Zones Authority (QFZA) was established 2018 to oversee and regulate world-class free zones in Qatar and to secure fixed investments within the zones. QFZA offers outstanding opportunities and benefits for businesses seeking to establish operations and expand regionally and globally, providing quality infrastructure, a skilled workforce, 100% foreign ownership, access to investment funds, tax exemptions and partnership opportunities with Qatari entities.
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