FINANCIAL NEWS

QC receives approval for its USD549 firm

05 Dec 2013

(MENAFN) Qatar Chamber’s (QC) plan for a USD549 million private company received preliminary approval from authorities, The Peninsula reported.

The new firm is expected to be instrumental in transforming Qatar’s industrial economy as it will act as an umbrella for the country’s start-up firms.

The company will primarily focus on the non-oil industrial sector and QC has already identified many project opportunities through this venture.

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