12 Sunday, September 8, 2019 Economy & Business Qatar ideal destination for Chinese investors, says Doha Bank CEO TRIBUNE NEWS NETWORK sale and purchase agree- DOHA Doha Bank hosts ment with Petro China In- ternational Company Lim- QATAR is an ideal destina- Chinese business ited to supply 3.4 million tion for investors from China, delegation to discuss tonnes of LNG annually to given the growing bilateral China until 2040. trade and business collabora- opportunities for In November 2018, tions between the two coun- bilateral investment Doha hosted the sixth edi- tries, Doha Bank CEO R tion of the World Economic Seetharaman has said. Development Forum in Seetharaman, along recent regulation open- conjunction with the 30th with his senior manage- ing up opportunities for anniversary of the estab- ment team, recently hosted foreign investors to set up lishment of Qatar-China a Chinese business delega- companies in Doha, be- relations. tion at the headquarters of come a permanent resident In January 2019, dur- Doha Bank. of Qatar and other related ing the vist of the Amir HH Dignitaries including legislations. Sheikh Tamim bin Hamad Simon Guo, International All this makes Qatar a al Thani to China, Qatar’s Advisor to Double Happi- “very easy to do business” Ministry of Commerce and Singapore Business Council Qatar President and Commercial Bank Group Chief Executive Officer Joseph Abraham and other members at a ness Island — China’s first destination, he said. Industry successfully or- networking session held in Doha recently. man-made island by China Highlighting the bilater- ganised a China-Qatar Busi- Merchant Group; Zhang al relationships between Qa- ness Forum. Dachun, president of One tar and China, Seetharaman During the China-Qatar Belt One Road Academy of said, “Qatar-China trade Business Forum, Qatar Free Shenzhen; Zhang Jianyuan, rose 27 percent to $13.5 bil- Zones Authority (QFZA) president of GCL Interna- lion in 2018. While exports signed MoUs with Huewei Singapore Inc growing tional, Largest Energy Solar to China stood at $9.6 bil- Technoligies, the Adminis- Company of China, and Ao lion, imports from China tration of Xiamen Area of Tong, president of Yisheng was worth $3.9 billion.” China (Fujian) Pilot Free Healthcare Group were part The main commodities Trade Zone (Xiamen-FTZ) of the Chinese delegation. that China imports from and China Harbour Engi- Speaking on the occa- Qatar are liquefied natural neering Company (CHEC). its presence in Qatar sion, Seetharaman gave an gas, crude oil and petro- Seetharaman said China overview of Qatar and the chemical products. Major was an attractive destina- progress it has made, espe- Qatari imports from China tion for Qatari investors, The Singapore Business Council Qatar hosts its third networking session cially since the blockade. are machinery and equip- especially its sectors such as Qatar’s overall GDP ment, electrical and elec- shipbuilding, manufactur- TRIBUNE NEWS NETWORK year-on-year to $7.2 billion in gapore businesses and profes- growth is projected to reach tronic products, furniture, ing, petrochemical, technol- DOHA 2018 and Qatar is Singapore’s sionals in Qatar, he said. 2.6 percent in 2019 under- building materials and daily ogy, hotel services, tourism third largest trading partner “We hope this will also fa- pinned by a recovery in the necessities. and financial services. SINGAPORE Business Council within the GCC countries.” The bilateral trade volume cilitate greater awareness of hydrocarbon output and still Qatar became China’s “China is expected to Qatar (SBCQ), an organisation Over the years, Singapore between Qatar and local business practices and in- robust growth of the non- largest exporter of liquefied become one of the largest registered with the Qatar Fi- Inc has increased its presence Singapore has grown 10 crease Singapore’s engagement hydrocarbon sector, he said. natural gas (LNG), supply- gas markets in the world. As nancial Centre in 2018, hosted in Qatar, with the notable ex- in the Qatari market. In the Health, education and ing about 40 percent of its many as 179 Chinese com- its third networking session amples of Keppel Seghers En- percent year-on-year to longer term, we hope this bilat- infrastructure accounted for LNG needs and meeting the panies are registered and recently. gineering in a design-build-op- $7.2 billion in 2018 and eral cooperation can also be ex- the largest share of the 2019 growing demand for energy. operating in Qatar, includ- The SBCQ was established erate project in the Doha North Qatar is Singapore’s third panded to include cooperation budget, Seetharaman noted. In September 2018, Qa- ing 10 wholly-owned Chi- to promote trade between Sewage Treatment Works; a largest trading partner with other countries, such as He also highlighted the targas signed a long-term nese companies,” he said. Singapore and Qatar. It is en- JV between Keppel Offshore& within the GCC countries those in ASEAN,” he said. visaged to be a socially-active Marine with Nakilat to provide As recent as last month, organisation representing a repairs and maintenance for SBCQ President Joseph Abraham Qatar Chamber hosted a Sin- broad membership base com- vessels; SECC Group with the gapore delegation from Sin- prising of mainly Singaporean successful re-furbishing of The gapore specialising in secu- professionals and business St Regis Hotel and Resorts Qa- barrels of low sulphur conden- rity systems, tech solutions, people across all industry tar and fit-out of a five-star ho- sate per year, starting in July and cyber security. There is a sectors. tel in Lusail, and CrimsonLogic 2019.” keen interest to enhance co- Its role is to assist both providing innovative and sus- Ambassador of Singapore operation and explore business new and existing Singaporean tainable e-services for Qatari to Qatar HE Jai S Sohan said opportunities between Qatar businesses wanting to start up government agencies. the formation of the Singapore and Singapore in all economic and expand on commercial op- Abraham also highlighted Business Council in Qatar was aspects, including the small portunities in Qatar through Singapore Inc’s achievements announced during the state and medium-sized enterprises regular meetings and events in the energy sector, saying, visit of the Amir HH Sheikh (SMEs) sector. that facilitate a purposeful ex- “Pavilion Gas Pte, a subsidiary Tamim Bin Hamad al Thani to In April 2019, Qatar Cham- change of views, opinions and of Pavilion Energy, received its Singapore in October 2017. ber held a forum for a group of experiences. inaugural LNG shipment from The SBCQ was subse- diversified Singapore compa- Speaking on the occasion, Qatargas at Singapore’s Jurong quently inaugurated in Doha in nies, aimed at strengthening SBCQ President and Commer- Island in April 2018 and Exxon March 2018 by the Singapore trade relations between the cial Bank Group Chief Execu- Mobil Trading Asia Pacific Pte, business community in Qatar, two countries and exploring tive Officer Joseph Abraham a division of ExxonMobil Asia with the support of the Singa- partnership potentials in the Doha Bank Group CEO R Seetharaman, his senior management team and members of a Chinese said, “The bilateral trade vol- Pacific Pte in Singapore, signed pore Embassy, he added. areas of civil infrastructure, ur- delegation during a meeting at the headquarters of Doha Bank. ume between Qatar and Sin- a five-year contract with Qatar One of SBCQ’s objectives is ban development, shipping & gapore has grown 10 percent Petroleum to supply 6 million to increase the visibility of Sin- warehousing and e-solutions. Auto Class Cars unveils new offer on wide range of MG cars TRIBUNE NEWS NETWORK automatic gearbox and is offered DOHA for either COM or top-of-the-range LUX trim levels, with the latter fea- AUTO Class Cars, the authorised turing All-Wheel Drive distributor of MG in Qatar, has The MG RX5 boasts an attrac- launched a new offer on MG vehi- tive, futuristic design that is instant- cles that allows new buyers to lev- ly recognisable, notably at the front erage from wide range of benefits where the stylish square LED head- and get a new Liverpool Jersey. lamps, imposing wing-shaped grille Valid until September 30, and innovative fog lamps endow it 2019, the offer allows buyers to get with real on-the-road presence. an MG RX5 starting from QR1,099 MG ZS per month, MG ZS starting from The MG ZS is the perfect option QR999 per month and MG6 from for buyers seeking a good-looking, QR1,199 per month. well-equipped, well-built car at a sen- Buyers can benefit from a pack- sible price. The arrival of MG’s new age of added features including free crossover marks an exciting new era car registration and comprehensive Six-year warranty Free Liverpool jersey of design for the famous British car insurance for one year and with the Buyers of MG vehicles in Qatar can benefit from a brand with the introduction of a to- longest warranty period available Commemorating the new deal between MG tally modern design philosophy. in the market of six years warranty package of added features including warranty for six and Liverpool Football Club, all MG buyers will The more expressive design lan- or 200,000 km (whichever comes years or 200,000 km (whichever comes first) and get a complementary official Liverpool jersey guage showcased by the MG ZS is first) and free service for 2 years free service for 2 years or 30,000 km (whichever with a free voucher to print the name at GO set to feature across all upcoming or 30,000 km (whichever comes comes first). The six-year warranty, according to MG, is the longest Sports stores.