Qatar’s Ministry of Municipality and Environment (MME) has signed a Memorandum of Understanding (MoU) with Qatar Free Zones Authority (QFZA) to enhance cooperation and facilitate the development of a business cluster dedicated to advanced agriculture technology and the food industry in the free zone.
This move is in accordance with Qatar’s objective to improve food security, diversify the economy, and empower the private sector. According to the reports, an introductory tour of the Ras Bufontas Free Zone and the Business & Innovation Park followed the signing to highlight the superior infrastructure and services available to investors in the free zones.
The MoU will aid in attracting investment by facilitating investor delegation visits organized by MME and QFZA. It will also support the hosting of a variety of events, such as investment sector debates, bilateral meetings between firms, high-level economic and trade forums, and other economic and commercial activities that will take place regionally or worldwide.
Further, it will assist in the provision of training possibilities, in addition to co-hosting training programs, as well as the exchange of information about international exhibitions and connections with investors.
Ahmad bin Mohammed Al Sayed Chairman – QFZA
“This partnership marks a major milestone in our journey to localize advanced technology and innovation to achieve Qatar’s self-sufficiency and sustainable development goals, which is especially important now as we continue to face the challenges posed by climate change and the COVID-19 pandemic. The strategic location of the free zones, the logistics opportunities they offer to global and local companies, and the independent food storage facilities in Hamad Port support these goals by contributing to enhancing the capabilities of our zones and enabling investors and companies from various sectors, including the food and agritech sector, to access the Gulf and regional market.”
“We aim to contribute to providing an integrated work environment to build an advanced business cluster for agritech and the food industry to support building a contemporary economy that cements Qatar’s position as an attractive destination for investments and a hub for innovation and talent, across all sectors,” Mr. Al Sayed further added.
