Doha: Qatar Free Zones Authority (QFZA) signed a Memorandum of Understanding (MoU) with the Korean Economic Zone Planning Office, to contribute to the economic development of both countries through mutual cooperation between Qatar Free Zones and the Korean Free Economic Zones (KFEZ).
The agreement was signed by Deputy CEO at QFZA Abdullah Al Misnad, and Director General of the Free Economic Zones Planning Office in the Republic of Korea Sung-il Ahn.
The signing ceremony was attended by HE Minister of State and Chairman of QFZA Ahmad bin Mohammed Al Sayed, HE Minister for Trade, Industry and Energy in the Republic of Korea Moon Sung-wook, HE the Korean Republic Ambassador to Qatar Lee Joon Ho, in addition to several senior officials from QFZA and the Korean Republic.
The signing was followed by an introductory tour of Ras Bufontas Free Zone and the Business and Innovation Park to showcase the advanced infrastructure and services offered to investors in the Free Zones.
According to the MoU, QFZA and KFEZ will cooperate in several areas, including sharing policies and best practices to attract investments and cooperating to establish networks between the companies located in each zone.
