QFC attracts key Asia Pacific firms in 2016

 31 Oct 2017 - 0:00

QFC attracts key Asia Pacific firms in 2016

The Peninsula

Over 22 percent of the firms registered under the Qatar Financial Centre in 2016 were from the Asia Pacific region. These include the Sumitomo Mitsui Banking Corporation, the Industrial and Commercial Bank of China, the Japanese Society in Doha, Hanwha Techwin and many more, revealed Qatar Financial Centre’s CEO, Yousuf Al Jaida (pictured).
He was addressing a number of Asian Ambassadors to Qatar during the “Asian Ambassadors Group Dinner” hosted by Seiichi Otsuka Ambassador for Japan to Qatar. The major presence of Asian firms in QFC highlights the close ties between Qatar and its partners in Asia which QFC hopes to continue to strengthen in the years to come.
Al Jaida’s keynote address came as part of the QFC’s outreach programme to increase awareness of the platform and the benefits it provides international businesses to expand to Qatar and beyond.
During his speech he highlighted on the growing importance of relations between Qatar and its Asia allies and partners stating. He added: “There is no better time for companies to expand to Qatar, foreign companies and firms have an abundance of opportunities to service a market that has proven its resilience and resolve. Qatar will continue to grow and develop and I am sure Asian companies will play an important role in that growth.”
Seiichi Otsuka Ambassador for Japan in the State of Qatar stated: “We are honoured to be hosting Yousuf Al Jaida QFC’s CEO as our Guest of Honour and keynote speaker at the Asian Ambassadors’ Group Monthly Dinner. Over the past few decades, Qatar has become one of Japan’s most important Middle Eastern partners. Driven by Japan’s demand for steady access to hydrocarbon resources from a reliable and stable partner and Qatar’s large-scale projects in preparation for the World Cup in 2022, the energy and construction sectors continue to dominate bilateral trade. However, in recent years Tokyo-Doha relations have expanded in financial, security, educational, and diplomatic spheres. The continued close ties between the two nations provide further opportunities for joint business ventures.”
The QFC continues in its efforts to diversify the economy and position Doha as the region’s leading financial and commercial capital. Throughout the year the QFC has made valiant efforts to attract international firms to its platform. This includes a roadshow that visited a host of major cities across Europe and Asia.