Highlighting sectors with the greatest potential for growth, HE CEO of Qatar Free Zones Authority (QFZ) Sheikh Mohammed bin Hamad bin Faisal Al-Thani pointed to many promising sectors that herald hopeful opportunities for enhancing trade relations between the two countries, most notably technology and innovation, in light of the increasing role of modern technologies in all areas of life, such as artificial intelligence, blockchain, the Internet of Things, and the commercial system; noting that QFZ seeks to increase partnerships with Italian companies in the field of technology to leverage their expertise. Logistics and supply chain management is also among the important sectors. Qatar Free Zones offers multiple investment advantages that make them a distinct destination and a major attraction for trade operations between Europe, Africa and Asia, which is reflected positively in cooperation relations with Italian companies in the field of logistics, supply chain efficiency, and facilitating the movement of goods, especially as the two countries seek to strengthen trade relations, His Excellency added. His Excellency also pointed to the healthcare and biomedical sciences sector which holds great potential for cooperation, especially in the field of biomedical sciences research and healthcare technology. He noted that Italian companies can be a reliable partner for the State of Qatar in its quest to improve its healthcare services and innovations related to this sector, in light of their extensive experience in the field of medicines and medical devices. Highlighting the importance of the energy sector, HE Sheikh Mohammed bin Hamad bin Faisal Al-Thani said that Italian companies can leverage Qatars position as one of the worlds largest producers of liquefied natural gas (LNG), particularly in the field of energy technology and sustainable practices, noting that Italian companies, such as ENI, are already working on major energy projects in Qatar, and the door is open for increased cooperation in renewable energ y initiatives. Qatar and Italy enjoy great potential for growth and expansion in many areas, thanks to the competitive advantages in each country. Emerging technology is at the forefront of promising areas, as well as sustainability, in line with the shared commitment to sustainability, His Excellency said, noting that Qatar and Italy can achieve qualitative leaps in this field by focusing on adopting green technologies and renewable energy projects within the free zones, including promoting sustainable environmental practices, and building an environmentally friendly infrastructure in accordance with the pillars of Qatar National Vision 2030 and Italys climate goals. Among other promising sectors is the logistics and supply chain management in which Qatar Free Zones offers a wide window of opportunity for Italian businesses wishing to expand their operations in this field, His Excellency added. In light of both country's great interest in the healthcare and biomedical sciences sector, Italian companies ca n leverage the supportive environment for innovation and growth in Qatar Free Zones, His Excellency continued. On cultural and educational exchange, HE CEO of QFZ Sheikh Mohammed bin Hamad bin Faisal Al-Thani expected the strong and long-standing cultural ties between the two countries to be reflected in a number of educational programs and collaborative projects that in turn contribute to strengthening trade relations. In addition, initiatives aimed at consolidating innovation and entrepreneurship in both countries will reveal new job opportunities within the free zones. By focusing on these areas, Qatar and Italy can achieve significant growth in trade relations, especially with the investment benefits and great support that QFZ offers to investors, His Excellency stressed. Source: Qatar News Agency
Thursday, November 07, 2024