DOHA, QATAR – Qatar Free Zones Authority (QFZ) and Samsung C&T Corporation signed a Memorandum of Understanding to collaborate in green, environmentally friendly and sustainable technologies.
The signing ceremony was held on the sidelines of the Qatar-Korea Business Forum which was held during the visit of South Korean President Yoon Suk Yeol to Qatar.
The MoU was signed by Strategic & Commercial Development Director in Qatar Free Zones Authority Hamad Abdul Aziz Al Mohannadi, and Vice President & Qatar Country Manager at Samsung CT Corporation Seug Ung Choi.
Senior officials from both sides were present on the occasion.
A Qatar Free Zones Authority statement said that as per the MoU, the parties will work together to achieve sustainability objectives within the free zones in the country through energy transition, conservation and efficiency, harnessing sustainable materials and eco-friendly electronics.
They will also explore co-investment opportunities in green infrastructure within the free zones.
Both sides will identify operational projects and initiatives that will serve QFZ and Qatar, in addition to the GCC and MENA regions.
The key areas of collaboration in sustainable technologies include – energy, automotive, chemical and sustainable materials, consumer electronics, medical equipment, electronic components and semi-conductors, ship building and food technology industries among others.
This partnership is considered a continuation of Qatar’s efforts to implement a comprehensive approach to integrate sustainability into all sectors.
Qatar has always put environmental protection and sustainable development at the forefront of its priorities, it was one of the first countries to rectify the UN Framework Convention on Climate Change in 1996.
Considered one of the region’s largest power plants, the Al Kharsaah solar plant is one of the most notable sustainability efforts undertaken in the country.
Qatar is also home to the Lusail Bus Depot, registered in the Guinness World Records as the world’s largest electrical bus depot.
“We are pleased to hold this partnership with Samsung C&T Corporation, which comes in line with Qatar National Vision 2030 towards sustainability and transition into a knowledge – based economy,” Al Mohannadi said.
“It is also aligned with QFZs vision and efforts to partner with key global partners and contribute jointly to the development of sustainable technology, and promoting it in Qatar and the region,” he said.
Seug Ung Choi said, “We are honored to witness the signing of this MOU with Qatar Free Zones Authority. Samsung C&T Corporation has long been active in the Qatari market where it executed mega projects in power, infrastructure and renewable energy.”
He said, “Samsung C&T Corporation is keen to develop its relationship with Qatar Free Zones Authority in various sectors and has ambitions to explore clean energy initiatives to bolster the green wave currently sweeping the planet.”