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Qatar Free Zones Authority Invites Indian Investors

Capital Market 

Qatar Free Zones Authority invited Indian investors with a slew of attractive benefits. Wilson Chan, Director, Markets, Qatar Free Zones Authority, was recently at the PHD Chamber in New Delhi addressing a gathering of industrialists and business leaders at the PHD House during an 'Interactive Session and B2B meeting on Investment opportunities in Qatar Free Zones Authority', Chan said that there was no better place and no better time than to invest in Qatar, which will be hosting the 2022 football world cup. The potential and possibilities are unlimited; Chan said launching into his address inviting the Indian investors to consider the advantages his country and more specifically the Free Zones offered - zero corporate tax for 20 years, no individual tax, 100% foreign ownership, No GST or VAT, no customs duties.

For the present, Qatar was focusing on three areas - Logistics, downstream Chemicals, and emerging technology sectors of IT, AI, ICT, drone technologies, renewable energies, and the like. Already, the technology area was resonating well with the Indian companies. The Free Zones also had a fund of US $ 1 billion for encouraging startups that already have a concept and revenue steam with potential. The Free Zone Authority will line up such startups with venture capital funds so that all can grow together. Qatar has two Free Zones - The Airport Free Zone at RasBufontas in an area of 4 sq km and the Port Free Zone at Umm Alhoul spread over 32 km.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 15 2020. 13:01 IST