QATAR - Economy
Chairman, Bin Twar & Partners & Vice Chairman, Qatar Chamber of Commerce and Industry
Mohamed Bin Ahmed Twar Al Kuwari is the Vice Chairman of the Chamber of Commerce and Industry of Qatar. He is also chairman of Bin Twar & Partners Group, leading a chain of Arab customer-service centers, making up as a whole the leading Bin Twar & Partners Group in Qatar with decades-long of legacy and tradition.
Mohamed Bin Ahmed Twar Al Kuwari: This event has created many business opportunities. As a family group, we work in different sectors such as services, construction, and real estate development. Qatar is now diversifying the economy, and this is happening at the right time, with this event coming to support our way forward with international investors. We see this as a great opportunity, particularly after the COVID-19 crisis. Now is the time for international investors to come to Qatar. The Chamber of Commerce and Industry encourages investors to come in and find partners with our businesses for the local expertise in a knowledge transfer.
Mohamed Bin Ahmed Twar Al Kuwari: Technology is trending now. We are a part of this with our services to telecommunications companies in addition to IT and new solutions. This is the most important sector where we work. There is also real estate development, which we do outside of Qatar. Given that the megaprojects and hotels are in development, now is the time to contract services for real estate management and facility management. Whatever is required, there is a great opportunity in services.
Mohamed Bin Ahmed Twar Al Kuwari: As a group, we have the number-one company working in renewables: Power Green. Power Green has worked on megaprojects including fitting the entire Lusail project with solar panels. Power Green has a large profile in renewables. And now, we are tendering for bigger projects focusing on solar renewables. We see strong potential for the future in renewables, and as a group we have great contributions in this space.
Mohamed Bin Ahmed Twar Al Kuwari: Most of the facilities have been created by the government, and the chamber tries to help local and international businesses find ideal partnerships to benefit from these activities. We have weekly online conferences with different countries to encourage international investors to come to Qatar and local investors to enter other countries. We have seen promising opportunities in both directions. We have 60-65 business consults in other countries. We are always in contact with businesses to ease any issues that arise; this is our role. And with the recent changes in legislation, Qatar is ready for international investors.
Mohamed Bin Ahmed Twar Al Kuwari: The government will be issuing projects up to and even after the World Cup. The chamber sees a promising future, especially in the sectors where we have added value. We have liaised with the government to support our ideas and investors, especially in industry. Plus, we have chemical materials from oil and gas, for example, which is a big added value for international and local investors. This is our priority. We have been supporting the government with its diversification of the economy. There have been many initiatives to create a positive environment to develop partnerships and complete projects, particularly in petrochemicals. We see the global demand for these products, and this is an area where we have added value. 6
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