Qatar Financial Concludes Networking Visits to Two German Cities

Qatar Financial Centre (QFC) Authority, concluded panel discussions, face-to-face consultations and networking events with professionals from German corporations and private companies in Berlin and Munich as part of the QFC Germany Roadshow 2017.The visit to Germany comes as part of a number of roadshows planned by the QFC during 2017 that will see them visit major financial capitals across Europe, Asia and North America. A statement released to the press by QFC said that the event, which was attended by Ambassador of the State of Qatar to the Federal Republic of Germany HE Sheikh Saoud Bin Abdulrahman Al Thani, was an opportunity to network with some of the MENA and Europe's most influential organizations. 
The roadshow also provided attendees with an opportunity to network with some of the MENA region’s most influential decision-makers, including Ghorfa, AHK, Manateq and Rodl & Partner. Attending companies also had the opportunity to receive one-to-one consultation sessions with QFC’s leading experts.
QFC Authority's Chief Executive Officer, Yousuf Mohamed Al-Jaida spoke on the importance of such initiatives in QFC’s mission to help fulfil the economic development goals of the Qatar National Vision 2030."Our mission is, and has always been, to drive economic development and diversification by providing a world-class commercial, legal and regulatory environment to local and international firms alike. Our vision to transform Doha into a leading global and financial capital can only be fulfilled by attracting the biggest companies from the world’s strongest economies, and that is exactly what our roadshows aim to do," he said. 
For his part, HE Qatar's Ambassador to Germany expressed his pleasure at being a part of the event and supporting Qatar Financial Centre in its outreach programme to promote Qatar as the ideal location to do business in the Middle East."We are well aware of the importance Qatar-Germany relations, which we believe such events help to further foster," His Excellency added.
Relations between Germany and Qatar have continued to strengthen over the past few years with Germany emerging as the 12th largest trading partner for Qatar with 2.4 percent of the total value of trade exchange. Trade exchange between the two countries reached QR 9.5 billion in 2016 and German companies in Qatar are playing an important role in cementing the two countries' economic relations. Currently, there are 27 companies fully owned by Germans operating in Qatar with a total capital of QR 1.3 billion in addition to 112 companies in partnership with Qataris working with a total capital of QR 1.1billion. These companies are operating in the fields of railway development, trading, contracting, services, communication, infrastructure and more.
The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits.

Source: QNA