QFC Supports Qatar by Showcasing Robust Business Opportunities at Aspire4Sport

8 Oct 2017

The Qatar Financial Centre, one of the world’s leading and fastest growing financial centres, sponsored and attended the ASPIRE4SPORT event organised by Aspire Zone. The event, which is in its 8th edition took place in London, England on the 6th and 7th of October 2017.

During the two-day event, some of the most influential international figures in football and leading members of the scientific community met to discuss the challenges and updates of sports training methodology worldwide. The Aspire Academy Global Summit constitutes an essential part of the 'Aspire in the World Fellows' programme which brings together knowledge and expertise from 50 of the world's leading football clubs, federations and leagues concerning the development of elite youth football players.

Commenting on the QFC's participation, Yousuf Mohamed Al-Jaida, QFC Authority Chief Executive Officer stated: "The QFC has always placed great importance on the business of sport. In fact, we license sports and events companies that specialise in this sector. We have welcomed Doha's first triathlon event company TriDoha, sports organisations including Qatar 2022 Local Organising Committee and FansWorld 12 and events companies such as DMG Events, SwissOpen Air International and AMCASIA. With the 2022 FIFA World Cup preparations in full swing, there is an abundance of business opportunities in the sports and events sectors. The National Vision 2030 places investment in sports as part of a multi-faceted strategy to ensure that Qatar's economic development is diverse and sustainable."

We have welcomed Doha's first triathlon event company TriDoha, sports organisations including Qatar 2022 Local Organising Committee and FansWorld 12 and events companies such as DMG Events, SwissOpen Air International and AMCASIA. With the 2022 FIFA World Cup preparations in full swing, there is an abundance of business opportunities in the sports and events sectors. The National Vision 2030 places investment in sports as part of a multi-faceted strategy to ensure that Qatar's economic development is diverse and sustainable.

Yousuf Mohamed Al-Jaida, QFC Authority Chief Executive Officer

In preparation for the 2022 FIFA World Cup Qatar has witnessed a huge boom in the construction sector resulting in a large number of infrastructure projects, including an USD20bn investment in roads; USD40bn investment in railways; USD4bn investment in stadiums and an USD8bn investment in a deep-water seaport.

The Qatar Financial Centre (QFC) is an onshore business and financial centre, providing a platform for regulated and non-regulated firms to do business in Qatar and in the MENA region. The platform allows financial services activities such as banking, asset management, insurance, reinsurance and investment services. Non-financial services consist of professional and business services firms, events, audit, accounting, tax, consulting and legal services, business councils and professional associations.  The QFC also offers its own legal, regulatory, tax and business environment, which allows 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits.

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