Ireland’s PM Welcomed by QIB Group Chairman
12/01/2014, Doha, Qatar
The Prime Minister of Ireland, Enda Kenny, met with the Chairman of Qatar Islamic Bank – His Excellency Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber AI Thani, on his official visit to the state of Qatar during his tour of the Gulf. It was the only meeting the Taoiseach had with any of the country’s banking Institutions.
With Qatar’s rapid and solid development, it has become a growing investment and business destination for Irish firms and professionals especially in the construction and services industries. The Irish delegation is also considering financing opportunities and attracting new Foreign Direct Investments (FDIs) from Qatar.
Attending the meeting were other senior members from the Irish government along with QIB’s senior management team. Their meeting was described as ‘very fruitful’ as they discussed avenues of collaboration in the future, including mutual opportunities in both Qatar and Ireland, where QIB is planning to support Qatari companies who wish to invest in Ireland as an attractive and tax efficient alternative compared to some EU countries. At the same time, QIB will be offering support to Irish companies already in Qatar or planning to set up subsidiaries.
Also on the agenda was a discussion about the capital markets and the development of Islamic financial products in Ireland. Follow-up high level meetings have already been agreed, scheduled for the near future, for both parties to discuss opportunities.
H.E. Sheikh Jassim and Mr Kenny exchanged appreciation for the visit and their fruitful discussions, and looked forward to future mutual benefit and cooperation.
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