Boundless Opportunities

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ONE PLACE DIVERSIFYING Qatar. With every new project comes a new insurance opportunity. Behind it all, the QFC is helping Qatar to become the region’s most dynamic economy, and its perfect access point. Benefit from the lowest tax in the world,* 100% ownership, repatriation of all profits and an onshore trading environment. Join us. www.qfc.com.qa BUSINESS ENERGY
Welcome Dear Colleague On behalf of the Qatar Financial Centre Authority, may I extend to you a warm welcome. We are delighted that you are joining us for the 3rd MultaQa Qatar conference. Our inaugural conference in 2007 enabled our international audience to discover the wealth of insurance and reinsurance opportunities offered by the Qatari marketplace. Encouraged by a successful event, we extended the scope of MultaQa Qatar 2008 to showcase the potential of the GCC region as a whole and Qatar’s increasing weight in the regional marketplace. As all of us know, the world has changed in the twelve months following our 2008 conference. The credit and financial crisis has taken its toll. North America, the Euro zone and Japan, the three main engines of the world economy, are in the midst of the most severe recession for decades. The GCC region, in general, has weathered the storm. Regional economies continue to grow, albeit at a slower pace. The economic diversification strategies pursued across the region start to pay off. Qatar and its financial services sector is a case in point: We now have over 100 international companies who have established operations in the Qatar Financial Centre (QFC) and are open for business in Qatar and the wider GCC region. This year’s conference programme has been designed to strike an appropriate balance between short-, medium- and long-term opportunities and challenges. We will obviously address the impact of the global crisis as no region can fully decouple from its onslaught. At the same time we must not lose sight of the long-term fundamentals which will continue to shape the regional insurance and reinsurance marketplace once the global economic turmoil has receded: Above-average economic growth, driven by energy prices which are likely to rebound in the near-term; massive government-sponsored infrastructure projects (which are being continued by most countries despite the current global recession) ; and the favourable demographic structure of the region – to name just a few of the many powerful drivers of sustainable growth. Against this backdrop, the conference will provide you with authoritative and relevant information and intelligence from a variety of pre-eminent international and regional speakers. You will benefit from expert commentary on subjects ranging from the prospects for local companies in the era of globalization, the pivotal role of a strong local talent base, capital and investment challenges facing local insurers and changes to the region’s overall risk landscape. In addition, we will introduce Qatar’s latest and most ambitious initiative to build a world-class insurance and reinsurance hub: Qatar Insurance Services (QIS), a technology-based insurance system enabling integrated processing between insurance and reinsurance trading partners. In addition to our full programme of presentations and panel debates on the main stage, we are pleased to invite you to join our brand new Qatar Clinics, where you can learn a little more about Qatar and the GCC region. I very much hope your stay in Doha is a valuable one and that you are able to take full advantage of our Qatari hospitality. I look forward to meeting you Fetooh Al Zayani MD Business Development - Insurance and Reinsurance Qatar Financial Centre Authority (QFCA)
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Boundless Opportunities

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