QFZ strikes MoU with Evonik to explore investment opportunities

QFZ strikes MoU with Evonik to explore investment opportunities

Qatar Free Zones Authority (QFZ) and Evonik, a leading specialty chemicals company headquartered in Germany, have signed a Memorandum of Understanding (MoU) on the sidelines of QFZ’s participation in the Qatar Economic Forum. The common aim is to explore specific investment opportunities focused on sustainable solutions for energy transition. As an important cornerstone of Evonik’s […]Qatar Free Zones Authority (QFZ) and Evonik, a leading specialty chemicals company headquartered in Germany, have signed a Memorandum of Understanding (MoU) on the sidelines of QFZ’s participation in the Qatar Economic Forum.

The common aim is to explore specific investment opportunities focused on sustainable solutions for energy transition. As an important cornerstone of Evonik’s strategy to enable green transformation, the smart materials portfolio consists of a variety of innovative products, including membranes for gas separation. Potential future investments are foreseen to take place in the Umm Alhoul free zone in the State of Qatar.

The MoU was signed by Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani, CEO of Qatar Free Zones Authority (QFZ), and Mr. Joerg Syrzisko, President Region EMEA of Evonik, in a ceremony attended by senior executives from both entities. The signing took place at the Qatar Economic Forum venue – Raffles Doha.

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