Qatar and Italy promote bilateral relations with more trade and investment

24/06/21

The Italian Embassy in Qatar and McNair Chambers hosted the webinar ‘Doing Business in Italy’ as part of continued efforts to support bilateral relations and promote business opportunities.

The webinar featured a panel of leading Italian lawyers who highlighted how the country is simplifying bureaucracy and cutting red tape. These measures combined with reforms is making it easier to do business in the country.

The participants discussed options to invest in Italy and related topics including arbitration law and practice, labour law and taxation.

Italy recently announced a QAR 1.09 trillion (EUR 248 billion) recovery plan from the pandemic which intends to attract more foreign investors with a wide range of opportunities. Qatar’s investments in Italy are currently valued at QAR 26.44 billion (EUR 6 billion)

The volume of trade between the State of Qatar and the Italian Republic reached QAR 5.72 billion (EUR 1.3 billion) during the first nine months of 2020, with Italian exports to Qatar valued at QAR 2.95 billion (EUR 670 million) and Qatari exports to Italy valued at QAR 2.78 billion (EUR 630 million).

It was emphasized that Italy is one of the world’s leading manufacturing countries and has a healthy venture capital market. According to the Financial Times 1000 Europe’s Fastest Growing Companies 2021 Index, Italy ranks at the top.

Inversely, Qatar offers many incentives for foreign investors in a wide range of sectors including energy, industrial, distribution, information technology, natural resources, agriculture, healthcare, education, sports, culture and tourism.

Please click on the link and reach out to learn more about relations between Qatar and Italy, the opportunities and possibilities in the State of Qatar as well as the initiatives of Business Start Up Qatar.

Other News

BSUQ News 132 - Thumb

Qatar attracts most FDI in ME and meets key partners

The Investment Promotion Agency Qatar (IPA) revealed that Qatar attracted 71% of all Middle East investment in the second quarter of this year.

The report provides ...

Read more
BSUQ News 131- Thumb

More interest in social entrepreneurship in Qatar

Qatar is seeing an increase in social entrepreneurs dedicated to developing solutions to community based problems.

At a recent event, representatives of key stakeholders in the community of Qatari businessmen...

Read more
BSUQ News 130 - Thumb

Mega-solar power plants in Qatar for sustainability

Qatar Energy Renewable Solutions recently awarded a gigantic solar energy power plant contract to South Korea’s Samsung C&T.

The QAR 2.3 billion (USD 630 million) Engineering, Procurement and Construction...

Read more
BSUQ News 129 - Thumb

Qatar to build the most sustainable food supply chain

In keeping with the United Nations Sustainable Development Goals 2030, Qatar has revealed its ambition to build a sustainable food supply chain. This project is also inspired by the government’s goal...

Read more
BSUQ News 128 - Thumb

Launch of labour re-employment platform in Qatar

Qatar Chamber(QC) has successfully launched its revised labour re-employment platform targeting the private sector.

The digital platform is administered in collaboration and cooperation with the [Ministry...

Read more
BSUQ News 127 - Thumb

Investors confident in Qatar’s non-energy sectors

Qatar Financial Centre (QFC) data indicates the non-energy private sectors rapid growth according to the latest Purchasing Managers’ Index (PMI) survey.

The rates of expansion in total activity, new...

Read more
BSUQ News 126 - Thumb

SMEs are key contributors to Qatar’s economy

The State of Qatar`s small and medium enterprises (SMEs) represent 97% of registered private sector companies and contribute 16% to non-oil gross domestic product (GDP).

“The Report: Qatar 2022”...

Read more
BSUQ News 125 - Thumb

Qatar continues to grow and maintains trade surplus

Qatar`s real economic growth rate has grown by 2.5% based on constant prices according to figures released by the Planning & Statistics Authority (PSA).

The real economic growth rate is based on preliminary...

Read more

Page Break