The Qatar Economic Forum 2024 provided an invaluable platform for Qatar Free Zones Authority (QFZ) to showcase its commitment to enhancing global connectivity and reinforcing local and regional supply chains. This year, QFZ actively participated in discussions, unveiled strategic partnerships, and highlighted its role in driving economic growth and innovation in Qatar and beyond.

Engaging in Strategic Dialogues

Breakout Session: Connecting to the Shifting Global Supply Chain Network

One of the key highlights of QFZ’s participation was the breakout session titled “Connecting to the Shifting Global Supply Chain Network.” The session focused on how regional businesses can position themselves to maximize their advantage and enhance resilience amidst the evolving global trade landscape.

Panelists:

Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani
CEO, QFZ

Patrick Moebel
President & CEO, FedEx Logistics

Moderated by Sree Vidya Bhaktavatsalam, Senior Executive Editor, Bloomberg

Announcing Strategic Partnerships

During the Forum, QFZ announced several key partnerships, reinforcing its position as a hub for international business and innovation:

FedEx Logistics
Memorandum of Understanding (MoU) to establish a regional logistics facility within Ras Bufontas Free Zone. This facility will support FedEx’s expansion, facilitating seamless integration into its global network and serving as a vital gateway for international cargo transition between Asia and Europe.

Siemens Energy
MoU to develop a regional service center within Ras Bufontas Free Zone. This center will be a hub for maintaining and repairing rotating equipment and machinery in the energy sector, catering to clients across the Middle East and Asia Pacific regions.

Evonik
MoU to establish a manufacturing facility in Umm Alhoul Free Zone. The facility will serve the oil & gas and industrial processes sectors in the GCC and Middle East, traditionally supplied from the US and Europe.

Showcasing at the Forum

QFZ’s booth at the Qatar Economic Forum attracted numerous visitors, including business leaders, investors, and policymakers, and also included representatives from Qatar Financial Center and Invest Qatar. The QFZ team showcased the opportunities and incentives available within free zones, highlighting its strategic location, state-of-the-art infrastructure, and business-friendly environment.

Looking Ahead

The Qatar Economic Forum 2024 was a significant milestone for QFZ, marking its continued efforts to drive economic growth and foster international collaboration. The strategic partnerships announced during the forum are set to enhance the capabilities of QFZ, supporting various sectors and contributing to Qatar’s vision of a diversified and sustainable economy.

QFZ extends its gratitude to everyone who connected with us during the event. We look forward to building on these partnerships and exploring new opportunities for growth and collaboration.