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    Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

    $36mln contract for construction of Duqm fisheries complex

    $36mln contract for construction of Duqm fisheries complex

    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

    Local, Italian companies partner up to establish food retail chain in Egypt

    Local, Italian companies partner up to establish food retail chain in Egypt

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      Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

      Egypt’s food industries contribute 24.5% of GDP

      Egypt’s food industries contribute 24.5% of GDP

      Profits at top Saudi banks jump 17.6% in Q1

      Profits at top Saudi banks jump 17.6% in Q1

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      New study reveals that UAE is most competitive economy in the Arab world

      New study reveals that UAE is most competitive economy in the Arab world

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      • CES 2017
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      Oman Construction Equipment Industry to 2028

      Oman Construction Equipment Industry to 2028

      $36mln contract for construction of Duqm fisheries complex

      $36mln contract for construction of Duqm fisheries complex

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      Madayn working on major Oman industrial city projects

      Madayn working on major Oman industrial city projects

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Iraq set to award new Faw Port deals

      Iraq set to award new Faw Port deals

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        Suez Canal expects US$3.5 billion in revenues in H1

        Suez Canal expects US$3.5 billion in revenues in H1

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Investments in renewables in Egypt reach LE6 bn: Official

        Investments in renewables in Egypt reach LE6 bn: Official

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        JGC lands $3.7bn Iraq refinery upgradation project deal

        JGC lands $3.7bn Iraq refinery upgradation project deal

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        • Hospitality

          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

          Qatar’s hospitality sector peaks despite turbulent 2020

          Qatar’s hospitality sector peaks despite turbulent 2020

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Staycations to stimulate Qatar’s hospitality sector

          Staycations to stimulate Qatar’s hospitality sector

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        • Agrofood
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          • Agriculture
          • Environment
          • Food

          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics

            Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

            Egypt’s food industries contribute 24.5% of GDP

            Egypt’s food industries contribute 24.5% of GDP

            Profits at top Saudi banks jump 17.6% in Q1

            Profits at top Saudi banks jump 17.6% in Q1

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            New study reveals that UAE is most competitive economy in the Arab world

            New study reveals that UAE is most competitive economy in the Arab world

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Trending Tags

              • Hospitality

                Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

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              Investors from siege nations seek openings in Qatar

              The Peninsula Qatar

              August 7, 2017
              in Finance
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              As Saudi led blockade on Qatar goes beyond 60 days, many entrepreneurs from blockading countries are keen on not missing out on opportunities in Qatar. A recent call for investments in Qatar saw wide response from investors based in these countries. “Own Your Factory in Qatar” initiative, by the Single Window project had called for investors in some 250 opportunity in June. When the registrations concluded on July 19, some 9,349 applications were received, of which some 87 percent were from Qatar.
               
              However, at least 41 of the investors who registered were from Egypt, while some 24 were from Saudi Arabia. Also 15 investors who registered were from UAE. This was revealed at a media briefing on the sidelines of an investor meet held as part of the initiative. The initiative is the second phase of the Single Window project aimed at providing facilities for industrial investments in Qatar. It assures all approvals, and industrial and environmental licenses within 72 hours of application, in line with Qatar National Vision 2030.
               
              Single Window project aims to eliminate any hassles the investors face in Qatar. Though the initiative was started much before the blockade, the current situation has propelled activation of the programme much faster, according to an official Single Window. “The initiative is aimed at developing local manufacturing products needed here. We are now in a situation where some of our products are being imported from the neighbouring countries. We have listed these items and have prioritised 100 of these items that we need to start manufacturing locally,” the official added.
               
              Reinforcing Qatar’s position as an investment destination, the Single Window project that aims to facilitate the process of licensing businesses, received an overwhelming response for its “Own Your Factory in Qatar” initiative.
               
              In less than a month’s time, more than 9,300 applicants from some 50 countries round the globe have registered for some 250 investment opportunities of the initiative. The initiative covers eight main sectors as metal industry; food; medical; paper; chemicals; equipment and vehicles; electrical; and rubber and plastic industry.
               
              “The initiative gives investors many privileges such as issuance of business licenses and land facilities within 72 hours. It also facilitates instant visas for employees, ready infrastructure including water, electricity and road facilties,” said Salaman M Kaldari, Chairman- Coordination Committee, Single Window.
               
              “Moreover, these local products would be given priority in the local market, 10 percent reservation on government purchases and; support and promotion when exporting the products. These investment projects will be exempt from income tax for 10 years and there will be an exemption from customs duty for raw material imports,” he told the media, at the sidelines of an investor briefing event here, yesterday.
               
              Al Kaldari stressed that the investment call made as part of “Own Your Factory in Qatar,” witnessed a huge response from the investors. Of a total 9,349 registrations for investments made, 8,128 were from within the country while 82 were from US and, 68 from both Kuwait and Turkey. Others include 41 investors from Egypt, France (37), Jordan (30), Tunisia (23), Saudi Arabia (24), India (21), Lebanon (17) and UAE (15), among the others.
               
              Sector wise breakdown shows that 34 percent of the investors, accounting for 3,168 applicants were keen on investing in Qatar’s food sector. Others include 1,334 investors in metal industry sector, paper (1086), plastic( 941), chemical (826), electrical (732), medical (710) and equipment sector received 552 investor applications.
               
              However, the officials stressed that the investors will be shortlisted based on their technical knowhow in a particular sector and the financial evaluation, rather than nationality. The awarded investors will be announced in September.
              “With these facilities, market demand and government support, this is the best time to invest in Qatar,” said Ahmed Al Yafai, who had registered for opening a plastic waste to plumbing material recycling firm.
               
              In some of the sectors, non-Qatari investors can have more than 49 percent of the ownership. While applicants who do not need assistance for land and finance, can get business licences in 72 days, others will be given licences after a feasibility study. Lands will be awarded in Um Alhoul SEZ or Industrial Area, according to the facility needed. Plots will be leased for some 25 years at very low rates.
               
              The initiative is being operated by the Ministry of Interior, the Ministry of Energy and Industry, the Ministry of Municipality and Environment, the Ministry of Economy and Commerce, the Ministry of Administrative Development, Labor and Social Affairs, Qatar Development Bank, Manateq and Qatar Chamber.
               
              The Peninsula Qatar
              07 August 
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