An informative panel discussion shed light on how Qatar is diversifying its economy after the FIFA World Cup, organized by OCO Global and CBD Corporate Services in conjunction with Invest Qatar and the British Business Group Dubai & Northern Emirates (BBG).
Panelists were Jeroen Nijland – Director of the Investor Relations Department and Special Advisor of Invest Qatar, Kathrin Lemke – Manager at OCO Global Qatar and Adam Stewart – Knight Frank Partner – Head of Qatar. The event was moderated by Helen Barrett, Partner at CBD Corporate Services and Deputy Chair of BBG.
“The country is diversifying its economy and attracting foreign direct investment supports this ambition, the country is positioning itself as a hub for regional distribution.
The GCC state is particularly interesting as a business location for companies operating in the Financial Sector, Fintech, Insurtech, IT, Cloud Systems, Cybersecurity, Agrofood and Agro Tech (including vertical farming), Sports, Media/Gaming,” commented Jeroen Nijland.
“It is imperative to have access to industry-specific information and conduct feasibility studies when expanding into Qatar, there are a lot of things to take into account such as finances, culture, and legality,” said Kathrin Lemke.
As the country steers towards a technology-driven economy, smart cities are being built upon the latest wired and wireless communication networks to offer advanced infrastructure.
“Real estate has seen a positive effect due to the World Cup yet remain affordable relative to other GCC countries,” said Adam Stewart.
“With the ever-changing legislations and policies, Qatar’s corporate landscape is a hotbed for foreign investors who want to set up or expand into the region,” commented Helen Barrett.
Indoor farming projects in Qatar:
- Infarm plans a Qatar-based expansion after raising USD 200M from investors including the Qatar Investment Authority
- South-Korea giant, Nongshim plans automated vertical farms
- Leading farming organization, AGRICO, relies on Aquaponics to produce fresh food to local stores
- iFarm entered into a multi-year partnership with Sadarah Partners to build vertical farming facilities.
This is a non-exhaustive list.
Image provided by iFarm