Qatar offers Los Angeles-based companies investment opportunities in manufacturing, logistics and sport

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U.S. companies, particularly in Los Angeles, Calif., Stand to gain from the investment opportunities Qatar offers in a wide variety of industries, including manufacturing, sports, logistics and media, said the Qatar’s commercial attaché to the United States, Fahad al-Dosari. .
Speaking in a virtual discussion hosted by the US-Qatar Business Council (USQBC), the Office of the United States Commercial Attaché for the State of Qatar and the Los Angeles Region Chamber of Commerce, al-Dosari said Qatar has business synergies with Los Angeles. in the aerospace industry; biomedical / medical technology; construction, design and engineering; entertainment and tourism; fashion; and the financial sectors.
Citing the economic pillar of Qatar National Vision 2030, which emphasizes diversification of the Qatari economy, al-Dosari said Qatar is stepping up efforts to advance its manufacturing industry.
Free manufacturing zones, such as the Ras Bufontas Airport Free Zone, have been positioned to provide manufacturing companies, ranging from startups and small and medium-sized enterprises (SMEs) to large multinational corporations, access to all new infrastructure and specialized logistics services. to provide an optimal business environment, he said.
In logistics and distribution, al-Dosari said Qatar Airways operates commercial flights between Los Angeles International Airport in Los Angeles and Hamad International Airport (HIA) in Doha.
“In 2020, Qatar Airways has become the largest freight operator in the world. Likewise, Qatar recently built the airport free zone at Ras Bufontas alongside HIA to provide better access to air transport and efficient customs processing times, ”he said.
Al-Dosari also pointed out that Qatar and Los Angeles have a significant footprint in the sports sector internationally.
“Since Qatar won the bid for the 2022 FIFA World Cup, the country has invested heavily to develop its sports industry. Qatar’s ambition is to become a world leader in sport and to bring the world together through the sustainable development of sport, ”al-Dosari said, adding that Qatar has hosted more than 500 international sporting events in the past 15 years. , in all sports and age groups. .
He said Qatar has potential business opportunities in the following areas of sports and esports: game developers and publishers, players / teams, league operators / content producers, distributors, and brand and advertising partners.
“In the field of electronic games / sports, Qatar recently launched the Wega Global Games, the Qatar e-sports. This global esports competition aims to develop the competitive environment of the country, while providing greater opportunities for stakeholders in this industry, ”he said.
In the area of ​​entertainment and tourism, al-Dosari stressed that Qatar has “a lot to offer” to Los Angeles-based companies, as “entertainment destinations are emerging in Qatar”.
“Qatar’s tourism industry is thriving. Potential areas of collaboration include theme parks and other entertainment venues, including cinemas, sports complexes and family restaurants, ”al-Dosari stressed.
Likewise, al-Dosari said that the state’s thriving media industry is another area of ​​collaboration between Qatar and Los Angeles.
Regarding the recent establishment of Qatar Media City, al-Dosari noted that the film and television industry “is emerging in Qatar” and that potential areas of collaboration include licensing, production and the distribution.
Al-Dosari also said, “Qatar has a lot to offer Los Angeles businesses through business-friendly regulations, logistics, market access, infrastructure, investment incentives, favorable taxation, transparency and high standards, and human capital.


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