Invest Qatar, Boeing sign MoU to drive Aerospace Industry Growth

  • Date: 15-May-2024
  • Source: Gulf Times
  • Sector:Technology
  • Country:Qatar
  • Who else needs to know?

Invest Qatar, Boeing sign MoU to drive Aerospace Industry Growth



The Investment Promotion Agency Qatar (Invest Qatar) and Boeing have recently signed a Memorandum of Understanding (MoU) during the Qatar Economic Forum to establish a permanent legal entity, Boeing Aerospace Doha LLC, in Qatar.The new Boeing hub will focus on strengthening the local aerospace sector through research and technology advancements, fostering innovation and support for start-ups, as well as driving and developing sustainable aviation. Additionally, the hub will build a local skilled workforce that can contribute to the sector's long-term success. Boeing's new entity will complement the work carried out through its existing Qatar branch companies, Boeing Qatar Inc. and Boeing International Corporation.Sheikh Ali Alwaleed Al-Thani, CEO, Invest Qatar, said: "We are pleased to partner with Boeing, to further deepen their footprint in Qatar. This collaboration underscores the wealth of opportunities Qatar offers to businesses, enabling them to pursue a sustainable growth journey. It is a testament to the country's business-friendly environment, tailored to accommodate the evolving needs of investors, affirming Qatar's standing as a unique business hub."Kuljit Ghata-Aura, President of Boeing Middle East, Turkiye, Africa and Central Asia, said: "We value the unwavering support from the Government and Invest Qatar in helping us pursue new opportunities in the country.