Doha: Economic partnership and intercultural cooperation of Russian companies in investment dimension of Qatar will be key discussion topics on Qatari-Russian investment cooperation at St. Petersburg international economic forum.
Qatar will officially participate in SPIEF 2021 as a guest country in this high-profile event which is set to start from tomorrow in St. Petersburg.
The major investment priority of Qatar and Russia is achieving global goals on sustainable development by implementation of open innovations policy. Development prospects of cross-country high tech, science-driven and digital projects will be involved in discussion on shaping favorable investment infrastructure and creation of collaborative investment foundations between Qatar and Russia.
Sessions “Innovation and Global Health: a Wealth of Opportunity in Entrepreneurship”, “Russia-Qatar Innovation Dialogue”, “Qatari Startup Investment Event” will become the launching pad where representatives of Russia and Qatar will discuss the unique Qatari platform for international investors at the highest level. They will allow Russian enterprises to benefit from Qatar’s business-friendly investment ecosystem and fulfil their plans for growth and development in the region.
Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, atari Diar, Katara Hospitality, and Hassad Food, and other major companies from various sectors including real estate, mining, financial institutions, retail will participate in the forum.
Qatar has a unique experience in creating smart cities. Combining the Qatari experience with technologies from Russia and implementing them in the cities currently under construction in Qatar is one of the possible cooperation directions of real estate. Qatari Diar is put in charge of upholding Qatar’s growing economy and coordinating the country’s real estate development priorities (creation, development, and management of real estate properties).
Abdullah bin Hamad Al Attiyah, Chief Executive Officer, Qatari Diar: “Qatari Diar is a global leader in sustainable real estate, building landmark projects of unrivalled scope and vision. We create vibrant communities dedicated to capturing the hearts and imaginations of the people we serve. These developments are conceived from our commitment to preserving and reflecting local characters and traditions and our visions have created places with a sense of identity and purpose where people aspire to live, work and visit.”
Supporting the real estate sector, Katara Hospitality, developer, operator, and owner of hotels, will present its practices at SPIEF-2021. With 50 years of industry experience, Katara Hospitality is actively delivering on its strategic expansion plans both by investing in finest hotels in Qatar and by increasing its portfolio of iconic properties at key international markets. Katara Hospitality’s portfolio has increased to 42 owned and/or run hotels, and the company is currently focused on achieving its goal of 60 hotels by 2030.
Andrew Humphries, Acting Chief Executive Officer, Katara Hospitality: “We are proud to be a part of the Qatari delegation at SPIEF 2021. As the hospitality flagship of the country, we invest in the best international hotels with the intention of restoring their glory – while also adding extra special touches that make each property memorable. . As the company expands its footprint across the world, we follow a healthy diversification strategy, aiming to create a network of business hotels and leisure resorts in key tourist destinations. This business-driven approach ensures that a balance is met across assets of short- and long-term profitability and that the company’s cash flow projections adequately support its development”.
One more promising direction of Qatari-Russian partnership is agriculture and agritech. Under the auspices of SPIEF, a number of various agreements are expected to be signed. They will bring together Qatari investors and agricultural companies with major Russian agricultural producers. Hassad Food, a fully owned subsidiary of QIA, considered as the country’s investment arm in food and agribusiness sectors. Hassad has several strategic commercial investments both internationally and locally, which supports Qatar’s food security efforts. Internationally, Hassad invested in key strategic establishments in Australia, Canada, Turkey, Oman, Saudi Arabia and Sudan, while in Qatar, Hassad owns multiple subsidiaries that directly manage the company’s key investments. Hassad also plays a major role in crisis management and in the field of research and development.
At the forum the Qatar pavilion, where the delegation representatives will present the economic potential of the Middle Eastern country to the fullest, will be set out.
