Middle East countries, especially Qatar, have been heavily affected by this outbreak. The Qatar has taken several measures to mitigate the impact of COVID-19.
- As part of the precautionary measures taken by the State of Qatar to limit the spread of Coronavirus (COVID-19), and suspending travel from designated countries.
- Suspend visa on arrival from a number of European countries
- The decision includes suspending entry for citizens of Italy, France, Germany and Spain, as well as all others traveling from these countries.
- Temporarily suspend entry to the State of Qatar from the Republic of Sudan.
The State of Qatar continues to urge citizens and residents to avoid all but essential travel at this time.
The Qatar-Kuwait Business Forum reviewed the investment and business climate in the State of Qatar and the State of Kuwait, ways of enhancing joint investments and exchanging industrial and commercial experiences between the two brotherly countries.
- The participants pointed out that there are investment opportunities available in both countries that must be used to establish Qatari-Kuwaiti alliances in various fields, explaining the investment mechanism in both the State of Qatar and the State of Kuwait and the facilities granted to businessmen and investors.
- The first session dealt with the investment climate in the State of Qatar and opportunities and areas of investment, in addition to the investment climate in the State of Kuwait.
- The Markets Manager at Qatar Free Zones Authority Fahad Al Kuwari said that the authority supervises three free economic zones, which are Boufantas, Umm Al Houl and Musheireb, and that these areas provide their services to local and foreign investments, and facilitate procedures in front of investors.
- The Assistant of the Commercial Records Registration Department at the Ministry of Commerce and Industry Saleh Al Marri confirmed the existence of a number of incentives enjoyed by the foreign investor, including allocating the lands necessary for the investor to set up his project, in addition to exemption from income tax and customs duties on the semi-manufactured raw materials.
Qatar Petroleum enters agreement to reserve LNG shipyard capacity in China:
- Qatar Petroleum announced that it has entered into an agreement to reserve LNG ship construction capacity in China to be utilized for Qatar Petroleums future LNG carrier fleet requirements, including those of its ongoing North Field expansion projects.
- The agreement was entered into between Qatar Petroleum and Hudong-Zhonghua Shipbuilding Group Co., Ltd. (Hudong), a wholly owned subsidiary of China State Shipbuilding Corporation Limited (CSSC). Pursuant to the agreement, a significant portion of Hudong’s LNG ship construction capacity will be reserved for Qatar Petroleum through the year 2027.
- The agreement was signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, and Mr. Lei Fanpei, the Chairman of CSSC, in a virtual ceremony held today in the presence of Sheikh Khalid Bin Khalifa Al Thani, CEO of Qatargas, and Mr. Chen Jianliang, Chairman of Hudong, as well as senior executives from Qatar Petroleum, Qatargas, CSSC and Hudong.
- Speaking at the signing ceremony, His Excellency Mr. Saad Sherida Al-Kaabi said, Today, we have taken yet another concrete step to reinforce Qatars commitment to its global reputation as a safe and reliable LNG producer at all times and under all circumstances. By entering into this agreement to reserve a major portion of Hudong’s LNG ship construction capacity through the year 2027, we are confident that we are on the right track to ensuring that our future LNG fleet requirements will be met in due time to support our increasing LNG production capacity.
- The North Field expansion projects will increase Qatar’s LNG production capacity from 77 million tons per annum to 126 million tons per annum. Qatar Petroleums LNG carrier fleet program is the largest of its kind in the history of the LNG industry and will play a pivotal role in meeting the shipping requirements of Qatar Petroleums local and international LNG projects, as well as replacing some of Qatar’s existing LNG fleet.