On Wednesday 11th April at Four Seasons Hotel the expected workshop Qatar-Spain Growing business ties took place.
It brought together more than 80 people representing the business fabric located in Qatar, Qatari institutions among which we want to highlight the Qatar Financial Center, the Embassy of Spain and representatives of the community.
The master of ceremonies was Ms. Lamees Thabet (Associate Director Business development at the QFC)
She first introduced HE Ignacio Escobar Amabassador for Spain to Qatar. HE thanked the audience, explained relations between Spain and Qatar and emphasized the idea of Spain as a Gateway for Europe and America. He explained why Investing in Spain is definitely a wise decision, among other reasons he pointed: “Spain is an attractive and open economy ranking 14th world economy and 5th in the European Union. It’s an open economy with many destination markets and a particular link to Latin America; Spain boasts state-of-the-art infrastructures and logistic networks; it has a competitive business environment with a modern, clear and transparent regulatory and institutional framework (…)”
Subsequently, Yousuf Mohamed Al-Jaida (CEO QFC Authority) took the floor and recalled the political situation that Qatar was going through, noting that the country had felt supported by Spain at every moment. He recalls that this kind of situation means also business opportunities, in fact in2017, bilateral trade between Qatar and Spain increased 37 percent to more than € 1bn compared with previous year.
On the line, the Sheika Aloud Bint Hamad Al-Thani (Managing Director, Business Development QFC) addressed to the public. The main focus was on the benefits of registering under the QFC umbrella. She remembered the services they provide and that with them 100 percent of the benefits will be repatriated. HE finish remembering the imminent trip to Spain that the institution is already organizing.
Next, Miguel Angel Fajardo Spanish Commercial Attaché from the Embassy of Spain. During his speech he highlighted the Business Opportunities for Bilateal investments in four sectors:
Heath System, Renewable resources, Food industry, ITC, sectors in which Spain is leader. His paper ended by explaining the basic characteristics of the FIEM public instrument, for Support exports of goods and services and direct investment.
The following presentations made by Salah Gueydi (Director of tax QFC Authority), by Josep Marsal (Partner of Cuatrecasas) and Aida Kellal (Senior Associate Cuatrecasas) dealt with the most technical aspects in terms of taxes in light of the agreement to avoid double taxation and prevent tax evasion in relation to taxes on income.
Finally Ignacio de la Torre (Chief Executive of Arcano) closed the event with a presentation in which he talked about the causes that make Spain today one of the fastest growing economies with the greatest opportunities to invest in.