The Business Year

Sheikh Faisal bin Qassim Al-Thani Chairman, Al Faisala Holding

QATAR - Economy

Sheikh Faisal bin Qassim Al-Thani

Chairman, Al Faisal Holding

Bio

Sheikh Faisal bin Qassim bin Faisal Al-Thani is one of Qatar’s most successful businessmen playing a significant role in the development of its business sector. He is the founder & Chairman of Al Faisal Holding. As a firm believer that business and education go hand in hand, education and research have formed an integral part of Al Faisal Holding. Sheikh Faisal Museum and the ALF Foundation activities reflect his personal philosophy and contribution to the development of Qatar’s knowledge-based economy. Sheikh Faisal bin Qassim Al Thani is also Chairman of the Qatari Businessmen’s Association (QBA) and Qatari Hotels Association (QHA).

You have been appointed Chairman of the newly created QHA. What is your vision for Qatar’s hospitality industry, and how will QHA advance the profile of Qatar as a tourism […]
You have been appointed Chairman of the newly created QHA. What is your vision for Qatar’s hospitality industry, and how will QHA advance the profile of Qatar as a tourism destination?

Sheikh Faisal bin Qassim Al-Thani: It gives me great pleasure to be part of the QHA leadership team. In recent years, we have witnessed many private companies investing in the hospitality sector, and the QHA offers a platform for enhancing cooperation among participants and investors in the sector locally and internationally. Through the delivery of a comprehensive action plan, the QHA aims to enhance Qatar’s image as a prominent tourist destination and an attractive investment opportunity, while supporting the successful implementation of the National Strategy for the Tourism Sector 2030. Despite the COVID-19 pandemic, the outlook for Qatar’s hospitality sector is encouraging. This is largely thanks to the government’s strategy for the development of the tourism sector, which has focused on multiple pillars including leisure and entertainment, sport, medical and business tourism, education, and more. Significant investment in tourism infrastructure has further supported the resilience of the sector.

QBA has been key to strengthening economic relations with other countries. What are the immediate priorities in terms of new commercial relations for QBA, especially now that GCC relations have been restored?

Sheikh Faisal bin Qassim Al-Thani: QBA plays a key role in enhancing cooperation among businesses, as well as promoting Qatar’s economy and the attractive investment opportunity the country provides. Meetings organized by the Qatari Businessmen Association encourage companies from other countries to explore opportunities in the Qatari market with the aim of attracting foreign capital. These meetings also provide a great opportunity for us to gauge recent market developments and investment opportunities internationally. QBA has succeeded in building strong relationships with several countries, the results of which were evident in the support we received during the blockade. These robust relationships helped Qatar establish alternative supply chains for many raw materials and commodities, enabling the country to proceed with business-as-usual.

Aamal Company has been instrumental in consolidating Qatar’s industrial landscape, including the manufacturing of cement, steel, pipes, and cables. Which factors will mark the industrial development of Qatar in the near future?

Sheikh Faisal bin Qassim Al-Thani: Qatar’s industrial manufacturing sector benefits from the availability of raw materials and low energy prices, as well as robust infrastructure for project delivery, including an advanced local, regional and international transport network. Together, these factors will support Qatar’s growth over the coming years and increase competitiveness.

What is your overall assessment of national evolution since the announcement of Qatar’s winning bid for the FIFA World Cup in 2022?

Sheikh Faisal bin Qassim Al-Thani: Since Qatar was appointed host of the FIFA World Cup 2022, absolutely everyone has been working at full capacity—the government, the private sector, and even individuals. Qatar has succeeded in completing World Cup-related projects well ahead of deadlines, and over the past 10 years we have witnessed a tremendous transformation in Qatar’s infrastructure. The 2022 FIFA World Cup will be forever considered an unprecedented event due to the enormous challenges we have faced, but we have been able to exceed expectations, supported by the Qatari government and private sector.

What are Al Faisal Holding’s main contributions to hosting a successful FIFA World Cup?

Sheikh Faisal bin Qassim Al-Thani: Al Faisal Holding has made a significant contribution to the FIFA World Cup 2022 through its subsidiaries. Notably, Al Rayyan Tourism Investment Company (ARTIC) will play a vital role in providing accommodation for guests, players, and sports delegates for the duration of the event, while many of our other subsidiaries will also play a direct or indirect role depending on their sector. Our various subsidiaries will strive to provide best-in-class services to ensure the success of this tournament, whether by providing high-quality products, facilities and property management services, or by providing medical and pharmaceutical products and hospital supplies. We are extremely proud to be making such a prominent contribution to the success of our beloved Qatar’s hosting of the FIFA World Cup 2022.

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