Monthly Archives

August 2020

On-demand Webinar Video – Emerging Opportunities: Doing Business in Qatar

By | News

In collaboration with the Embassy of the State of Qatar to Canada, the Embassy of Canada to the State of Qatar, the Canada Arab Business Council (CABC) and the Canadian Business Council Qatar (CBCQ), Qatar Financial Centre is hosting its first outreach series in Canada to increase awareness of business opportunities in Qatar amongst Canadian companies. Join H.E Saoud bin Abdullah Zaid Al-Mahmoud, H.E. Stefanie McCollum, Ambassador of Canada to the State of Qatar, Sheikha Alanoud bint Hamad Al-Thani, Managing Director of Business Development, QFC and Scott Jolliffe, Chair of the Canadian Arab Business Council and other leading business experts as they discuss the strength of the Qatari market and why potential investors can continue to invest in Qatar with a sense of security and confidence.

To see the On-demand video (recorded webinar), please visit this link HERE

 

Programme

 

  • Introduction and Welcome Remarks
    By Scott Jolliffe
  • Canada – Qatar bilateral relations
    H.E Saoud bin Abdullah Zaid Al-Mahmoud
    H.E Stefanie McCollum
  • ‘Doing Business in Qatar’
    By Sheikha Alanoud bint Hamad Al-Thani
  • Panel Session: Moderated by Scott Jolliffe
    With Ahmed Hafez, Dr. Ryan Wiley and Jacob Burke
  • Q+As Session & Closing Remarks
    By Scott Jolliffe

 

Speakers

H.E. Saoud bin Abdullah Zaid Al- Mahmoud

Ambassador of the State of Qatar to Canada

H.E. Stefanie McCollum

Ambassador of Canada to the State of Qatar Embassy of Canada, Qatar

Sheikha Alanoud bint Hamad Al-Thani

Managing Director of Business Development Qatar Financial Centre

Scott Jolliffe

Chairperson, Canada Arab Business Council

Ahmed Hafez

Business Director, Refinitiv, MEA

Dr Ryan

President, Shift Health

Jacob Burke

President, The Look Company

Qatar and Canada in talks to set up business forum in Toronto

By | News

Qatar and Canada are in talks regarding the establishment of a business forum, which is proposed to be based in Toronto, as part of efforts to enhance bilateral trade and investment relations between the two countries.

Acknowledging that Doha has given a go-ahead for the proposed business forum, Saoud bin Abdullah Zaid al-Mahmoud, Qatar’s ambassador to Canada, told a webinar organised by the Qatar Financial Centre yesterday, “we are working towards that.” Finding that a great potential exists between two countries in enhancing bilateral investments; the envoy said he has already sent a proposal to the Qatar government on the need for establishing a Canada Qatar business forum.

“We are looking to host it in Toronto,” he said, adding the work towards establishing the business forum was going in full steam, but the Covid-19 pandemic has slowed down the pace. The 2022 FIFA World Cup and the Qatar National Vision 2030 are the two main themes that offer great promising opportunities for the Canadian companies in Doha, he said.

In 2019, bilateral merchandise trade between Canada and Qatar was valued at $331.7mn. Qatar is Canada’s third-largest commercial partner among Gulf Cooperation Council (GCC) countries. Canada’s top merchandise exports to Qatar in 2019, valued at $266mn, included mineral ores, aircraft and parts, machinery, cereals, and scientific instruments. Canada’s 2019 merchandise imports from Qatar, valued at $65.7mn, included mineral fuels and oils, aluminium, fertilisers, chemical products, and mineral ores.

Stefanie McCollum, Canadian envoy to Qatar, said Canada has been very active across variety of sectors in the Gulf country. “We see considerable opportunities for Canadian firms in agriculture, hydrotec, defence and security, fintech, ICT (information communication and technology, life sciences and oil and gas,” she said, adding Canada has significant expertise in these sectors, which it views as “strategic” to Qatar.

QFC Managing Director (Business Development) Sheikha Alanoud bint Hamad al-Thani said Qatar should be Canada’s preferred destination. Highlighting that Qatar is gateway to business opportunity worth multi-billion dollars, spanning across the Middle East and Central Asia, she said the country is “an economic hub strategically located at the centre of the business world providing an access point to developed and emerging markets.

Sheikha Alanoud said Canadian companies would have potential to target business opportunities across the Middle Eastern countries — Oman, Kuwait, Iran, Turkey and Central Asian countries. There is “a potential to serve a population of 0.5bn and a combined value of $2trn in gross domestic product and $15bn in digital opportunity,” she said.

Highlighting that Qatar has emerged as a strong economy and an influential state in the Middle East region with robust brand recognition; she said the country is one of the most attractive foreign direct investment destination in the Gulf Cooperation Council, attracting $31bn till 2019.