03-11-2021
Today, the Qatar Stock Exchange and the Qatar Investment Promotion Agency signed a memorandum of understanding for cooperation between the two sides in the areas of increasing the investment attractiveness of the Qatari market, increasing foreign investment flows and showing Qatar as an investment destination, in addition to enhancing the scope of investment, trading opportunities and foreign flows to the Qatar Stock Exchange.
The signing ceremony took place at the Qatar Stock Exchange building, where the Memorandum of Understanding was signed on behalf of the Qatar Stock Exchange by its CEO, Rashid bin Ali Al-Mansoori, while it was signed on behalf of the Investment Promotion Agency Its Sheikh Ali Al-Waleed Al-Thani.
According to the memorandum, the two sides agreed to work together in a positive and constructive spirit to achieve the goal for which the memorandum was signed. The MoU provides for working together and making joint efforts to enhance cooperation between them in terms of coordinating existing activities and benefiting from them in developing the Qatar Stock Exchange market, exchanging knowledge, conducting joint promotional activities and hosting joint events with the aim of promoting investment in Qatar across the global investment community while highlighting the opportunities provided by Qatar Stock Exchange.
Mr. Rashid bin Ali Al-Mansoori, CEO of the Qatar Stock Exchange, welcomed the signing of the memorandum of understanding as a basis for close cooperation with the Investment Promotion Agency in Qatar aimed at enhancing the investment attractiveness of the Qatari market, pointing out that the Exchange’s management is working intensively to promote the capital markets in Qatar and the advantages of investing in The Qatari Stock Exchange and listed companies and the attraction of foreign investments, especially in light of the Stock Exchange's plans to raise the Qatari market's classification from an emerging market to an advanced market in international indices.
For his part, Sheikh Ali Al-Waleed Al-Thani, CEO of the Investment Promotion Agency, welcomed the signing of the Memorandum of Understanding with the Qatar Stock Exchange and expressed his happiness with the establishment of this partnership, which he described as an important step that enhances their joint efforts to create new ways to attract investors to Qatar, and complements the commitment to accelerate the development and diversification of the investment climate in Qatar while supporting the business growth of our investors and ensuring their long-term success in the country.
In addition to stimulating the flow of foreign investments to Qatar, the memorandum of understanding also includes a research cooperation between the Investment Promotion Agency and the Qatar Stock Exchange, where the two parties will work on developing joint research publications, in addition to recommending the required improvements in policies that contribute to the advancement of the business and investment climate in Qatar.