HSBC Qatar and the Hong Kong delegation of the Chinese Manufacturing Association explore opportunities in Qatar
'HSBC's engagement with the Chinese Manufacturing Association reflects a shared commitment to innovation, technology transfer, and value-added production. Both parties expressed interest in exploring future opportunities, and knowledge exchange programs,' said Abdul Hakeem Mostafawi, CEO and Head of Banking in Qatar.
The discussions come at a pivotal moment, following the recent address by His Excellency the Prime Minister and Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, at the Qatar Economic Forum (QEF), where he emphasized the necessity of accelerating industrial development and moving beyond hydrocarbon dependence. His Excellency underlined that fostering a robust manufacturing base, particularly in sectors such as petrochemical derivatives and advanced materials, is essential to achieving the objectives of the Qatar National Vision 2030.
The Chinese Manufacturing Association highlighted the potential for mutual benefit and the opportunity to contribute to economic diversification through advanced manufacturing solutions.
This initiative directly supports the pillars of Qatar National Vision 2030, particularly the economic development pillar, by enabling the private sector, expanding industrial capabilities, and enhancing international partnerships.
Media enquiries to:
Greta Madgwick
greta.madgwick@hsbc.com
About HSBC in the MENAT region
HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
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