QFC Takes Part In Bangladesh Investment Summit

(MENAFN- The Peninsula) QNA

Doha: Qatar financial Centre (QFC), a leading onshore financial and business centre in the region, participated in the Bangladesh investment summit titled“The Rise of Bengal Tiger: Trade & Investment potentials in Bangladesh”, held recently at the St. Regis Doha.

The summit, jointly organised by the Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA), showcased the potential investment opportunities in Bangladesh across various sectors.

In his keynote speech, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, said:“Bangladesh and Qatar have been enjoying a healthy economic relationship for over four decades, which has significantly grown in recent years.

'This is evidenced in the exponential growth of the two nations' trade volume rising from QR948m in 2017 to more than QR10bn in 2022. Beyond ICT, energy and human capital, there are numerous areas where we can expand mutually beneficial investment and partnerships, such as agriculture, technology education, tourism, culture, sports, and finance,” Al-Jaida added:

Sheikha Alanoud Bint Hamad Al-Thani, Deputy CEO & Chief Business Officer, QFC, also participated in the summit as a speaker in a panel discussion titled:“Trade and Investment Opportunities between Bangladesh & Qatar”. During the panel, Sheikha Alanoud stressed the role of the QFC in expanding the bilateral partnership between Qatar and Bangladesh.

Sheikha Alanoud said,“The QFC is a platform that facilitates investment between Qatar and the world. We actively collaborate with local Bangladeshi organisations on initiatives that stimulate bilateral investment opportunities. We also offer a plethora of benefits that can help Bangladeshi businesses effectively navigate and thrive in the Qatari market and serve as an effective springboard for them to expand to markets in the Middle East and North Africa.”

On the sidelines of the summit, the QFC also signed a Memorandum of Understanding (MoU) with Summit Oil & Shipping Company Limited, a leading infrastructure developer engaged in developing, owning and operating power generation assets, with the purpose of setting up business with the QFCA to explore business opportunities and expand its presence in Qatar and beyond.

Speaking about the MoU, Alanoud said,“We are pleased to enter into an agreement with a company committed to sustainable growth and look forward to discussing future investment and business opportunities for Summit in Qatar.”


The Peninsula

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