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Business / Qatar Business

'Partnering with Qatari companies augments stronger trade relations'

Published: 25 Jun 2023 - 09:00 am | Last Updated: 25 Jun 2023 - 12:22 pm
File photo: QRDI Secretary General Eng. Omar Al Ansari (right) and Deputy Chief Executive Officer (Global Markets) of Enterprise Singapore Tan Soon Kim during the signing of MoU. PIC: ABDUL BASIT.

File photo: QRDI Secretary General Eng. Omar Al Ansari (right) and Deputy Chief Executive Officer (Global Markets) of Enterprise Singapore Tan Soon Kim during the signing of MoU. PIC: ABDUL BASIT.

Joel Johnson | The Peninsula

Doha, Qatar: Resilient trading and investment activities have proven that Qatar is a significant business hub in the region, Tan Soon Kim, Deputy Chief Executive Officer (Global Markets) at Enterprise Singapore (EnterpriseSG), told The Peninsula recently.

The EnterpriseSG Deputy CEO (Global Markets) said that it is very important for international firms to partner with potential Qatari companies due to the wide range of opportunities it offers. 

“One of Qatar’s main goals is to diversify the economy and they’re going to do it beyond traditional oil and gas. I do understand that Qatar is also looking at urban solutions and developing logistics,” Kim added.

The official highlighted that as Qatar plays a vital part in developing its sectors including healthcare and education, Singaporean organisations will be positively impacted when partnered with the country.

Recently, Kim signed a Memorandum of Understanding (MoU) with Qatar Research, Director and Innovation (QRDI) Council Secretary General, Eng. Omar Al Ansari to work towards revatilising both economies.

On the sidelines of the event, Kim noted that both entities aim to “prosper and grow together” adding that it will derive multiple solutions in the years ahead.

Kim also welcomed numerous Qatari investors to explore a spectrum of opportunities that are available in the Southeast Asian market as he remarked on the two-way flows of companies.

 He said that Singapore is a good hub for Qatari companies not only to invest but to use the country as a hub to start businesses in Southeast Asia.

“In Southeast Asia, we have a population of 600 million and there are opportunities across all fields. And Qatar has already shown that they can do skilled activities especially the World Cup, which was of the highest standards,” he noted.

As Qatar has accumulated a lot of experience organising events on a global stage, Kim stated there “Are opportunities in Southeast Asia as well as in Singapore. The Singapore market is wide open because of our financial, transport, and logistics connectivity in the region and it will offer a launchpad for Qatari companies to Singapore and beyond.”

As QRDI inked deals with EnterpriseSG, both the institutes will look forward to collaborating and exploring many areas such as FoodTech, MedTech, research, science, and education.