Posted on March 01, 2020

The Investment Promotion Agency of Qatar (IPA Qatar), on the 24th of February, participated in the QADRAN Forum – a Qatari-French association that promotes the two countries’ mutual economic interests. As one of the main sponsors of the event, the Agency engaged in productive exchanges with distinguished entrepreneurs, economists, and experts taking part in the forum.

On the sidelines of the forum, IPA Qatar signed a Letter of Intent (LOI) with its French counterpart Business France to enhance cooperation between enterprises of both countries, support each other’s research on investment attraction, and exchange expertise on investment promotion best practices, among other areas of collaboration. Marking the first step towards partnership between the two parties, the LOI was signed in Paris by IPA Qatar’s CEO Sheikh Ali Alwaleed Al-Thani and Business France’s CEO Mr. Christophe Lecourtier, on Tuesday, February 25, 2020, in the presence of Qatar’s Ambassador to France His Excellency Sheikh Ali bin Jassem Al-Thani.

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Commenting on the occasion, Sheikh Ali Alwaleed Al-Thani said: “The LOI signed with Business France is set to advance the efforts of both parties in bolstering Qatar and France’s status as exceptional investment destinations, explore opportunities to enhance business synergies between the two agencies, and further strengthen partnerships between relevant enterprises in both countries. As we celebrate the Qatar-France Year of Culture 2020, the agreement offers a fantastic opportunity to strengthen the longstanding economic exchanges between Qatar and France and bring us one step closer to achieving our sustainable mutual interests.”

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For his part, Mr. Christophe Lecourtier said: “Qatar is an important partner for France. Business France is proud to help more French companies take advantage of Qatar’s infrastructure projects and domestic growth. That means investments in Qatar, public-private partnerships, subcontracting, or partnerships with local companies. I am pleased to deepen the collaboration between Business France and IPA Qatar.” As part of their visit, the IPA Qatar delegation also had a positive engagement with a number of French companies representing various sectors and explored a wide range of business opportunities with industry experts.

Furthermore, IPA Qatar visited the ‘Station F’ Business Incubator in central Paris. The Incubator gathers a whole entrepreneurial ecosystem under one roof, with more than 30 startup programs and 40 VC funds that support SMEs.