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The Investment Promotion Agency Qatar (IPA Qatar) and Qatar Stock Exchange (QSE) jointly announced the signing of a Memorandum of Understanding (MoU) today, which represents a launchpad for diverse collaborations between the two organisations, with the aim of further boosting the attractiveness of the Qatari market for foreign investments. The MoU was signed at Qatar Stock Exchange headquarters in the presence of Mr. Rashid bin Ali Al Mansoori, CEO of QSE, and Sheikh Ali Alwaleed Al-Thani, CEO, IPA Qatar.
Serving the common goal of showcasing Qatar as a thriving investment destination, the MoU sets the framework for IPA Qatar and QSE to join efforts in promoting the State’s conducive business landscape and attracting new investors to set up their business in the market. Additionally, the two organisations will collaborate on advancing the breadth of investment and trading opportunities for businesses, as well as advancing foreign inflows into QSE.
According to the terms of agreement, the new partnership envisages exchanging knowledge, conducting cross-promotional activities, and hosting joint events with the aim of promoting the Invest Qatar brand across the global investment community, while highlighting the opportunities offered by QSE.
Mr. Rashid bin Ali Al-Mansoori, CEO of the Qatar Stock Exchange, welcomed the signing of the MoU as a basis for close cooperation with the IPA Qatar aimed at enhancing the investment attractiveness of the Qatari market, pointing out that the QSE management is working intensively to promote the capital markets in Qatar and the advantages of investing in the QSE and listed companies, especially in light of the plans to raise the classification of the Qatari market from an emerging market to an advanced market on global indices.
Sheikh Ali Alwaleed Al-Thani, CEO, IPA Qatar, said: “We are delighted to be partnering with Qatar Stock Exchange, in a step that further solidifies our efforts in creating new avenues for attracting investors to Qatar. Also, this new partnership complements our commitment to accelerate the development and diversification of Qatar’s investment climate, while supporting the business growth of our investors and ensuring their long-term success in the State.”
In addition to stimulating the inflow of foreign investments to Qatar, the MoU also entails research cooperation between IPA Qatar and QSE, whereby they will be developing joint research publications, in addition to recommending and advocating policy reforms with the goal of advancing Qatar’s business and investment climate.
