Qatar to Set up Region's First Sports Business District
BUSINESS | 22 SPORT | 31 IATA predicts eastward Davies eager to close shift; Mideast to see season on a winnning extra passengers note in Doha Thursday 25 October 2018 | 16 Safar I 1440 www.thepeninsula.qa Volume 23 | Number 7690 | 2 Riyals Qatar to set up region's first Deputy PM receives message from Chinese Foreign Minister Sports Business District Aspire Zone Foundation (AZF) signed a District. Its goal is to attract large Memorandum of Understanding (MoU) with sports-related multinationals, promote the setup of sustainable Qatar Financial Centre (QFC) to establish the all- businesses and startups and inclusive Qatar’s Sports Business District (QSBD). facilitate the commercialisation of sports-related products and services by offering unique THE PENINSULA incentives and service packages, aims to create a premier sports which include QFC designated business cluster in Qatar and the locations in the Sports Business DOHA: Aspire Zone Foundation Middle East. The MoU was District. (AZF), the world-renowned signed yesterday by Mohammed Qatar’s well-established sports city, signed a Memo- Khalifa Al Suwaidi, Chief Exec- sports sector is expected to randum of Understanding (MoU) utive Officer of AZF, and Yousuf reach $20bn by 2023. This with Qatar Financial Centre Mohamed Al Jaida, Chief Exec- growth comes as momentum (QFC) that has paved the way for utive Officer and Board Member continues to build in the lead up the two organisations to of QFC Authority. to the 2022 FIFA World Cup and Deputy Prime Minister and Minister of Foreign Affairs, H E Sheikh Mohamed bin Abdulrahman Al Thani establish ‘Qatar’s Sports The MoU will see the QFC beyond, as the country boasts a received yesterday a written message from Chinese State Councilor and Foreign Minister Wang Yi.
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