‘Made in Qatar 2023’ activities continue with a significant turnout

01-12-2023

Activities of the Made in Qatar 2023 last for the third day amid huge public turnout.

Held under the patronage of HH the Amir Sheikh Tamim bin Hamad Al-Thani, the ninth edition of the expo is being held at the Doha Exhibition and Convention Centre and continues until Saturday, December 2.

Organized by the Qatar Chamber in cooperation with the Ministry of Commerce and Industry, the exhibition boasts the participation of more than 450 factories and industrial companies.

Accompanying events during the exhibition also witnessed extensive interaction, with many visitors who expressed their eagerness to explore national companies and meet with prominent brands in Qatar.

The expo features a large number of participating pavilions. It stands as an important platform for engaging with industrial companies across various economic sectors.

Through the exhibition, Qatar Chamber aims to provide visitors with insights into the latest products and services within the industrial sector, fostering communication with industry experts and investors.

Participants will have the chance to engage with industry experts and investors, get acquainted with successful companies operating in the state, and understand their capacity for developing their businesses, enhance competitiveness, and showcase the industrial sector’s capacity for innovation, product development, and promotion of healthy competition.

 

Second Day Seminars:

QatarEnergy reviews Tawteen and ICV programmes

On the sidelines of the MIQ second day activated, two seminars were held.

The first seminar was delivered by QatarEnergy which reviewed Tawteen program and the In-Country Value (ICV).

For his part, Ahmed Said Al-Kuwari, Service Sector Development and Maintenance Officer at the QatarEnergy Tawteen Department, provided an overview of the Tawteen program which is a national initiative aims to create local investment opportunities in Qatar’s energy sector, including areas such as maintenance, drilling, and digital technology.

Al Kuwari highlighted that the program offers facilities and incentives for advanced companies, featuring shorter periods to award contracts, flexible procedures, and five-year contracts. It also facilitates advisory services and supplier development. During the symposium, he reviewed several tenders established by the settlement initiative launched in 2019.

In turn, Hamad Mohsin Ahmed Al-Ejji, Manager of the In-Country Value (ICV), delivered a presentation on the programme and its services, including the certification of local value through an electronic application.

He noted that the program issued 6,800 tenders in the energy sector, resulting in the creation of approximately 4,400 jobs. The number of valid certificates in the program reached 2,000. He explained that all companies wishing to bid in the energy sector are required to obtain a local value certificate.

 

Qatar Stock Exchange reviews covered short selling activities

The second seminar, hosted by the Qatar Stock Exchange (QSE), featured presentations by Hamad Khalil, Product Development Manager, and Samer Abu Zaghla, Education Manager at the QSE.

They presented a working paper titled Definition of Covered Short Selling Activities, Stock Lending and Borrowing and Market Making.’

During the seminar, Hamad Khalil emphasized that the QSE serves not only as a trading platform but also as a source of enrichment for financial knowledge, benefiting capital owners in their business development, which, in turn, contributes to the national economy in general.

Khalil highlighted that the QSE facilitates the trading of investment instruments, sales, and purchases, contributing to the enrichment of financial culture.

He highlighted that there are two platforms at QSE: the Financial Market Platform under which there are 50 listed and the SME platform, which is suitable for many exhibitors at the exhibition.

He pointed out that the exhibition provides an opportunity to learn about the SMEs platform and how to list in it.

For his part, Samer Abu Zaghla reviewed the covered short-selling mechanisms for shares, a strategy where an investor expects the price of a share to drop. He noted that in this case, the investor sells his shares in the market when the price falls and then buys them back to return to the lender.

Abu Zaghla noted that there are specific rules and procedures regulating this process to safeguard the market from potential risks.

 

Wyndham Home digital platform for trading furniture launched on the sidelines of the exhibition

On the sidelines of the exhibition, Qatar Chamber board members Nasser bin Suleiman Al-Haidar and Dr. Mohammed bin Jawhar Al-Mohammed, along with Dr. Bilal Turkiya, Chargé d’affaires at the Syrian Embassy in Qatar, attended the launch of the Wyndham Home digital platform.

The platform offers a wide range of products, including decoration accessories, indoor and outdoor furniture.

The launch ceremony was attended by Raed Abdulaziz Saqr, Chief Executive Officer of Wyndham Furniture & Trading, Eng. Mohamed Saqr, Executive Director, and heads and representatives of several companies in the furniture sector.

According to Mohammed Saqr, the platform is the first of its kind in the Gulf market and the largest in Qatar.

He noted that the Wyndham Furniture & Trading Company is committed to offering high-quality products at premium prices, along with excellent customer service and customized details. The Company specializes in interior and exterior designs for councils, villas, gardens, spheres, and more.

Underscoring the importance of the platform, he highlighted that the launch of the platform at the ‘Made in Qatar’ Exhibition aligns with the exhibition’s objectives to showcase the development of companies and factories in Qatar.

He emphasized that e-stores are modern means of sales and customer service, contributing to promoting Qatar’s national product, increasing sales, and supporting Qatar Chamber.

He expressed gratitude to the Qatar Chamber for its support to the national product and companies in the industrial sector, as well as for the opportunity to showcase products and services through the ‘Made in Qatar’ exhibition.

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