Doha, April 21 (QNA) – The Investment Promotion Agency Qatar (IPA Qatar) and Qatar National Bank (QNB) have announced the signing of a strategic partnership aimed at enhancing business facilitation services for foreign investors seeking to enter the Qatari market, following the signing of a Memorandum of Understanding (MoU).
This strategic collaboration aims to strengthen Qatar's position as a leading investment destination by streamlining access to business setup services and providing tailored financial solutions that address investors' specific needs. A comprehensive range of services will be made available through the Invest Qatar Gateway, a free digital platform designed to support foreign companies in establishing or expanding their operations in Qatar.
The new service package includes, but is not limited to, onboarding support for new employees, dedicated account management teams, and access to QNB programs customized to meet the needs of Qatar's key sectors. Additionally, the bank will facilitate business account openings within three working days, provided that all compliance requirements are met and the due diligence checks are passed.
IPA Qatar stated that this partnership strengthens cooperation between the two entities, enabling them to expand their outreach to companies and investors through their global networks and identify promising investment opportunities across various sectors. The partnership also includes the launch of joint knowledge-sharing initiatives and reciprocal referrals for companies aiming to establish a presence in Qatar.
The MoU was signed by Sheikh Ali Alwaleed Al-Thani, CEO of IPA Qatar, and Mr. Abdulla Mubarak Al-Khalifa, Group CEO of QNB.
Commenting on the occasion, Sheikh Ali Alwaleed Al-Thani said:
"We are pleased to partner with QNB in launching this significant initiative, which reflects our ongoing commitment to enabling investors with the necessary resources and support for business success. By joining forces with the bank, we aim to unlock new investment horizons, deliver high-quality services, and build a strong support network that enhances Qatar's competitiveness and strengthens its status as a global hub for business and innovation."
Mr. Abdulla Mubarak Al-Khalifa, Group CEO of QNB, added:
"Our strategic partnership with IPA Qatar marks a major step toward achieving our shared goal of supporting economic growth and attracting international investment to the State of Qatar. By combining QNB's financial expertise with the Agency's dynamic digital platform, we are facilitating the journey of foreign investors and supporting them at every stage of their business operations."
These new services are offered through the Invest Qatar Gateway, which has recently launched a suite of enhanced features. These include a redesigned interface for improved usability and accessibility, as well as exclusive, specialized banking packages for registered users.
As Qatar's first digital platform dedicated to investors, the Invest Qatar Gateway serves as a free online resource helping investors and foreign businesses explore business opportunities, connect with sector partners, and access essential resources. The platform also provides access to tenders and direct support from IPA Qatar's team.
This announcement aligns with IPA Qatar's broader strategy to expand the offerings of the Invest Qatar Gateway through the launch of new initiatives under the "Access to Qatar" program, which aims to empower investors and enhance the country's attractive and supportive business environment.
Established in 2019, the Investment Promotion Agency Qatar is responsible for promoting and attracting foreign direct investment to the country. Its mission is to position Qatar as an ideal investment destination by facilitating investments that support the country's economic development and diversification.
QNB Group, for its part, is one of the leading financial institutions in the Middle East and Africa, and one of the region's most valuable banking brands. It operates in over 28 countries across Asia, Europe, and Africa, offering a wide range of banking and financial products and services.