Green Boom Announces Partnership with Investment Promotion Agency Qatar
Tuesday, June 28th, 2022
Green Boom, a revolutionary line of eco-friendly oil absorbent products, is proud to announce that it signed a Memorandums of Understanding (MoUs) with Investment Promotion Agency Qatar (IPA Qatar) during the second annual Qatar Economic Forum powered by Bloomberg from June 20 to June 22.
“Green Boom is excited to take this step towards creating a presence in the Middle East where our innovative products will make a meaningful impact in protecting the environment,” Green Boom Co-Founder and CEO Sudhir Sharma said. “The support of IPA Qatar is crucial to our plans, and we thank Sheikh Ali and the many members of the IPA Qatar staff who have supported and continue to support us in our efforts here.”
IPA Qatar’s partnership with Green Boom will facilitate the introduction of the company’s green cutting-edge technologies to the Qatari market through the setting up of a manufacturing plant and regional distribution center to serve the Middle East, North Africa and India. In addition to introducing new technologies and accelerating innovative manufacturing in Qatar, the partnership also entails fostering local talent and creating approximately 100 new jobs.
“This partnership with Green Boom further cements Qatar’s growing reputation as a thriving and supportive international business hub and is a testament to the country’s unwavering commitment towards developing a sustainable, knowledge-based economy,” IPA Qatar CEO Sheikh Ali Alwaleed Al-Thani said. “We look forward to supporting Green Boom’s establishment and expansion of operations in Qatar.”
IPA Qatar acts as a gateway to all investment solutions in Qatar, representing the single point of contact on a national level to network with international organizations, offering them world-class support to set up their businesses in Qatar. Since its inception, IPA Qatar has actively engaged with local, regional and international business communities, embarking on significant partnerships. The most recent include Iberdrola, Business France, German Federal Association for SMEs (BVMW), and Credit Suisse, among others.
In this context, and given the mutual interest and goals, the cooperation with Green Boom comes as a natural extension to explore new horizons of knowledge, expertise, and best practices, in addition to setting the framework for business expansion.
