Brazilian delegation explores investment prospects in Qatar

A high-level delegation from Brazil headed by the president of the Brazilian Chamber of Deputies, Rodrigo Maia, visited the Ras Bufontas Free Zone to explore more investment opportunities and benefits offered to investors at Qatar Free Zones (QFZ).

Brazilian Deligation in Qatar
The Brazilian delegation during Qatar visit.

The delegation was welcomed by Abdulla al-Misnad, deputy CEO of Qatar Free Zones Authority (QFZA), who briefed them on QFZA’s latest projects and activities, as key facilities that have helped make Qatar a “highly preferred investment destination for foreign direct investment from around the world”.

Al-Misnad highlighted to the Brazilian delegation that the laws and legislations of QFZA are “keen to preserve, protect and stabilise” investments in the country’s free zones. Indicating that the incentives offered by the authority have attracted many business applications from
companies looking to operate across various commercial activities, ranging from manufacturing and processing, to technology development and import/export activities, as well as establishing offices within QFZ.

During the visit, QFZA hosted a meeting with the Brazilian delegation, which included a briefing on the goals and ambitions of QFZ and the opportunities offered to investors in Qatar.

QFZA’s efforts are aligned with Qatar National Vision 2030, pursuing sectors where Qatar has a strong value proposition; primarily being in logistics, chemicals and emerging technologies, it has stressed in a press statement.
Following the meeting, QFZA’s technical team highlighted the progress of up-and-coming projects within the zone, and showcased future plans, demonstrating the use of state-of-the-art sustainable technologies at various stages of development.

After the briefing, the delegation toured the zone, its facilities and the advanced logistics services provided to investors, as well the construction progress of various projects that are nearing completion.

Source: Gulf Times

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