QFC gets overwhelming response from global firms despite blockade

The Qatar Financial Center (QFC) has been receiving overwhelming response from international companies, especially from South Americas, despite the economic blockade imposed by some of the Gulf neighbours. As a prelude to the influx of such companies into one of the world’s leading and fastest growing onshore business and financial centres, the QFC has licensed Dunn Lightweight Architecture, a subsidiary of the Mexican company Dunn Arquitectura Ligera, which specialises in fabric and tensile structures.

*The Mexican company’s officials with al-Jaida. The QFC recently highlighted the immense potential for the international companies in Qatar’s sports sector in view of the country hosting the prestigious 2022 World Cup.

 

The Mexican firm will take part in the construction of stadiums for the FIFA World Cup Qatar 2022. The agreement came through ProMexico, a trust fund of the Federal government of Mexico that promotes international trade and investment, and the Embassy of Mexico in Qatar. “It is QFC’s first Mexican firm and therefore a huge milestone for our entity to open new markets. Historically, Mexico and Qatar have always shared close strategic and economic ties and this move will serve to enhance and develop this important relationship,” QFC chief executive Yousuf Mohamed al-Jaida said.

The QFC had recently highlighted the immense potential for the international companies in Qatar’s sports sector in view of the country hosting the prestigious 2022 World Cup. In 2015, total trade between the two nations amounted to $423mn. Mexico’s exports to Qatar include trucks, vehicles and refrigerators, while Qatar’s exports to Mexico include natural gas and aluminium alloy. “This is yet further proof of our openness and the attractiveness of the QFC platform to those looking to expand and tap into Qatar’s large-scale infrastructure projects,” al-Jaida said.

Francisco Niembro, Mexico’s envoy to Qatar, said, “We are proud to see Dunn pioneering Mexican companies into the QFC environment, and ready to work in some of the most emblematic projects in Qatar.” Mexico has been implementing an aggressive and successful strategy to bring Mexican companies to invest in Qatar, said ProMéxico’s director for the Middle East, Juan Cepeda. “Our aim in the near future is to expand our presence in the country as well as attract Qataris to invest in Mexico. QFC will be a great partner in this journey,” he said. Javier Rattia, partner-director at Dunn Lightweight Architecture, said as a Mexican company we found the perfect ally in QFC due to its friendly business environment. “We are confident that we have chosen the best partner as a business platform for the region,” he added.