(MENAFN- The Peninsula) By Sachin Kumar I The Peninsula
DOHA: The opening of offices and branches of leading international companies in Qatar demonstrate the confidence of foreign investors in the strength of the Qatari market and in infrastructure provided by Qatar for these companies, said Mohammed Ali Al Mannai, President of Communications Regulatory Authority (CRA).
He was speaking on the sidelines of the opening of Huawei's office in West Bay, Doha. Huawei is a global provider of communications and information technology (ICT) infrastructure and smart devices. It has become one of the first technology firms to register with 100 percent ownership in Qatar. Huawei's position as one of the first fully-owned technology companies operating in Qatar follows a May 2018 announcement that the country would open to one hundred percent foreign ownership.
'We welcome Huawei's expansion in the State of Qatar and look forward to their active contribution to the economy further. As an enabler of technology & innovation, CRA works with industry leaders and governments across the globe to encourage direct foreign investment in the ICT sector. Collaboration with stakeholders is a hallmark of CRA's mandate and we will continue to boost and support development of similar new initiatives in the sector, said Al Mannai.
Al Mannai said that the CRA is seeking to encourage international companies to have offices in Doha. He added that the issuance of the law to encourage foreign direct investment in the country is one of the most important things that helps not only the development of the national economy but also the ICT sector.
Yahya Bin Saeed Al Naemi, Assistant Undersecretary for Commerce, Ministry of Economy & Commerce (MEC), added, 'We are glad that Huawei has chosen to open a new office here in Qatar. ICT has a vital role to play in assisting Qatar's growth into a competitive and diversified economy in line with The Qatar National Vision 2030, and we look forward to increasing our collaboration in the future.
Huawei officials said that the opening of the new office of Huawei in Doha comes to support its increased activities in the country. In line with the aim of driving the development of the ICT industry in Qatar, Huawei's new office will expand and enhance the company's activities in sectors with a key role to play in achieving the country's developments goals.
Frank Fan, CEO of Huawei Qatar, said, 'Huawei is proud to open a new office in Doha and to become one of the first fully-owned technology companies in Qatar. This marks an exciting new period of growth for us in the country, and we are looking forward to expanding our activities and collaborating with our local partners and customers to further innovate and drive forward the local ICT industry.
The opening of this third office will help Huawei better to serve Qatar's national ICT and telecommunication needs and reinforces the company's long-term commitment to the country. It will also expand its support to digitalize other vital industries and sectors such as oil and gas, transport, education and health. This long-term commitment reiterates its support to the development path in the State of Qatar, by making the most of the latest innovations and technology solutions that have proved effective in stimulating the digital transformation process and raising the quality of service and business efficiency.
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