Chinese companies look to Qatar as Middle East entry point, alternative to fickle West. Chinese firms are increasingly viewing Qatar as a strategic entry point to the Middle East and Africa, as Western markets become more scrutinized. Jack Lau, head of the Qatar Science and Technology Park, noted that over 20 Chinese companies have shown interest in joining the park, including electric vehicle producer Davinci Motor. Qatar offers opportunities for R&D and market development. Foreign direct investment from China in Qatar has grown significantly, with 265 Chinese companies registered.
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Asia Daily: May 22, 2024
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Chinese companies look to Qatar as Middle East entry point, alternative to fickle West. Chinese firms are increasingly viewing Qatar as a strategic entry point to the Middle East and Africa, as Western markets become more scrutinized. Jack Lau, head of the Qatar Science and Technology Park, noted that over 20 Chinese companies have shown interest in joining the park, including electric vehicle producer Davinci Motor. Qatar offers opportunities for R&D and market development. Foreign direct investment from China in Qatar has grown significantly, with 265 Chinese companies registered.