Undersecretary of the Ministry of Commerce and Industry H E Sultan bin Rashid Al Khater with other officials and members of the Qatari delegation to the Hannover Messe International Industrial Fair 2022.
Doha: Undersecretary of the Ministry of Commerce and Industry H E Sultan bin Rashid Al Khater participated in the opening ceremony of the Hannover Messe International Industrial Fair 2022, which was inaugurated yesterday by the German Chancellor H E Olaf Scholtz and H E Antonio Costa, Prime Minister of the Republic of Portugal, which is the guest country for this year’s edition.
The opening ceremony for the four-day event being held in Hanover, Germany, also featured the attendance of a number of Qatari Excellencies, senior officials, and participating businessmen, as well as many leaders and political figures, and a large number of CEOs of major leading industrial companies around the world.
Moreover, Al Khater also inaugurated Qatar’s pavilion during the event, which saw the attendance of Qatari and German officials, alongside German and international media.
In a statement, the Undersecretary said: “Qatar’s participation in this year’s Hannover Fair is of great importance, especially as it is the largest international industrial, trade, and investment event, organised physically since the COVID-19 outbreak. The State’s participation in this global event reflects its keenness to consolidate the principles of economic openness and enhance bilateral cooperation with its various strategic partners around the world, especially with Germany. It also translates Qatar’s desire to build bridges of communication between government and private industrial bodies in Qatar on the one hand and investors and businessmen from around the world on the other, to establish successful investment partnerships”.
The fair provides an important opportunity for Qatari businessmen, investors and officials of major national companies to learn about the latest innovations and industrial technologies, as well as a chance for the participating parties to promote their products in new markets, he added.
Organised by the Ministry of Commerce and Industry (MoCI) and spanning an area of about 821sqm, Qatar’s pavilion features 16 government and private sector agencies specialised bodies in the industrial field, including: the MoCI, Investment Promotion Agency (IPA) Qatar, Qatar Free Zones Authority (QFZA), Qatar Science and Technology Park (QSTP), Qatar Chamber (QC), Qatar Development Bank (QDB), Qatar Financial Centre (QFC), Qatari Businessmen Association (QBA), Qatar Mobility Innovations Center (QMIC), in addition to a number of private companies such as the Qatar Industrial Manufacturing Company (QIMC), Doha Cables, Q-Tec Switchgear, Snoonu, Qterminals, Suhail Holding Group, and Seashore Group.
The activities of Qatar’s pavilion feature a session entitled ‘The future is now: Qatar’s prospects for global company growth’, organised by the IPA Qatar, with the participation of a number of investment stakeholders in Qatar, including QSTP, QFZA, and QFC. This discussion session aims to shed light on the business environment in Qatar and the incentives and benefits offered to investors.
The entities participating in Qatar’s pavilion shall preview the most prominent Qatari initiatives, projects, services, and products, as well as the promising investment opportunities, incentives, and privileges available to investors and businessmen to enter the Qatari market and expand towards regional ones.
The pavilion also sheds light on the leading Qatari industries and the latest technologies and technological developments in the industrial sector in the country. The Hannover International Industrial Fair comprises a significant opportunity to exchange expertise and experiences, introduce Qatari companies and industries, and blaze a trail for creating distinctive partnerships between Qatari and international companies, enhancing cooperation between them, in addition to introducing the most prominent global experiences, and significant technical development in the industrial sector.
During its participation in the Industrial Fair, the MoCI presents Qatar’s investment environment, as well as the laws and legislation passed to stimulate local and foreign investment, including the law regulating the investment of non-Qatari capital in economic activity, and the law regulating public-private partnership, in addition to reviewing the incentives and advantages that have been provided to investors, such as exempting foreign invested capital from income tax for up to 10 years for specific investment projects in many sector; and providing exemption from customs taxes and fees when importing equipment and raw materials.
The Ministry also shines a spotlight on the investment opportunities available in the industrial sector, as well as the goals it seeks to achieve by 2030, and growth projections of the industrial sector. Additionally, the pavilion introduces the Ministry’s role in developing industrial zones, and regulating the process of allocating industrial plots to investors holding industrial licenses.
This year’s edition of the Hannover Messe is being held in person for the first time since the COVID-19 outbreak. This edition sheds light on industrial transformation, especially digitisation and sustainability, owing to their role in supporting the development of the industrial sector and the business environment.
The global event includes a number of dialogue sessions that highlight a wide range of topics such as industrial automation, cloud technologies, digital infrastructure, data management, digital platforms, robotics, information security technology, artificial intelligence, renewable energies, green hydrogen, as well as efficient energy use, CO2-neutral production, digital energy management, and the economy alongside other important areas.
The world’s largest industrial forum, the Hannover Messe International Industrial Fair attracts the largest production companies globally. Moreover, it is the world’s leading trade fair for industrial technology, offering a chance to see an integrated set of technical innovations and smart solutions in all areas related to the industrial sector.
