Accenture and Qatar Airways are collaborating to use artificial intelligence (AI) technology to transform the aviation sector. The objectives of this strategic alliance are to improve overall airline group performance, maximise operational efficiency, and elevate the customer experience.
Qatar Airways and Accenture Launch AI Skyways to Transform Aviation
In order to further establish the multiple award-winning airline as a leader in aviation AI and advance technology in the area and beyond, Qatar Airways and Accenture have partnered to create “AI Skyways”.
Key Goals of the AI Partnership
With its data and platform capabilities, value realisation office that will measure and maximise the value of AI efforts, and responsible AI practices, AI Skyways will set the groundwork for delivering value-led AI initiatives throughout the Qatar Airways Group.
These will speed up the adoption of AI solutions for a range of aviation use cases, such as improving predictive maintenance, streamlining flight schedules, and customising customer interactions. This will free up Qatar Airways, which Skytrax named the World’s Best Airline in 2025, to concentrate on providing outstanding travel experiences. In order to maintain development and adaptability and bolster its resilience to shifting market demands, Qatar Airways will also be able to investigate future trends and applications of AI in the aviation sector.
Qatar Airways’ Vision as a Digital-First Airline
This programme is essential to Qatar Airways’ ongoing transformation into a digital-first company, which uses AI and other cutting-edge technology to streamline operations and improve decision-making.
According to Engr. Badr Mohammed Al-Meer, Group Chief Executive Officer of Qatar Airways, the company’s collaboration with Accenture to launch AI Skyways marks a critical turning point in its ascent to prominence in AI-driven aviation. AI Skyways will use AI to rethink a number of Qatar Airways Group functions, including operations and customer service, in order to give customers a smooth and enjoyable journey.
The collaboration will also concentrate on using AI for real-time data analysis in order to enhance operational responsiveness and decision-making skills.
Responsible AI Deployment in Aviation
Qatar Airways is putting forth great effort to create innovative AI-powered solutions that can be applied to other projects in the future. In order to ensure that the technology benefits all parties involved, the airline will implement strict ethical standards, data privacy safeguards, and ongoing monitoring as part of its commitment to responsible AI deployment.
Together, Qatar Airways and Accenture are implementing cutting-edge technologies and creative methods of operation to generate new value for the airline and its passengers, according to Julie Sweet, Chair and Chief Executive Officer of Accenture.
This goal is fuelled in large part by Duo’s AI Skyways alliance, which integrates and scales AI to provide passengers with exceptional travel experiences and increase value for the airline company.
On February 18, India’s Commerce Minister Piyush Goyal stated that the country wants to expand its commerce with Qatar beyond energy supplies to include semiconductors and artificial intelligence (AI). At the first meeting of the India-Qatar Business Forum on February 18, Goyal stated that while India welcomes energy products from Qatar, he believes that both countries are now looking to the future, with AI, the internet of things, semiconductors, and other technologies replacing energy as the mainstay of their trade.
Piyush Goyal went on to say that sustainability, technology and entrepreneurship, and energy will be the cornerstones of the future India-Qatar collaboration. The State of Qatar’s Minister of Commerce and Industry, Sheikh Faisal bin Thani bin Faisal Al Thani, was also in attendance at the Forum in New Delhi.
Signing of MoUs
The Confederation of Indian Industry (CII) and the Qatari Businessmen Association (QBA) have inked two Memorandums of Understanding (MoUs); Invest India and Invest Qatar have also signed one. Additionally, Minister Goyal declared that the Joint Working Group on Trade and Commerce would henceforth be at the ministerial level.
Petroleum goods, plastics, and aluminium products are among the main items that India imports from Qatar, while its exports to Doha include cereals, copper products, iron and steel items, fruits, and vegetables, among other things. As of April–November 2024, India has a $6.9 billion trade deficit with the other country.
Encouraging Companies from Qatar to Invest in India
Piyush Goyal also extended an invitation to Qatari businesses to participate in India’s expansion in smart city development, manufacturing, renewable energy, and infrastructure. Goyal went on to say that India’s Viksit Bharat 2047 and Qatar’s Vision 2030 will work together to create a far larger and more promising future for their respective populations. India offers an oasis of stability, predictability, and continuity, Goyal said, adding that the country’s industrial evolution is largely due to its dynamic economy, rich population, reforms, ease of doing business, and quality. Referencing Prime Minister Narendra Modi’s remarks, the minister said that confidence in India is more than ever in both major countries and worldwide forums. He also exhorted corporate executives to continue this collaborative and self-assured attitude. He continued by saying that India has a young population, a thriving economy, ongoing reforms, and a strong emphasis on industrial growth and ease of doing business.
According to Dr. Ahmed Bin Mohammed Al Sayed, Qatar’s Minister of State for Foreign Trade Affairs, the country is eager to broaden its economic connections with India beyond the conventional oil and gas industry, concentrating on new ventures and investments. Dr. Al Sayed emphasised the significance of Sheikh Tamim Bin Hamad Al Thani, the Amir of Qatar, visiting India in an exclusive interview with an Indian media outlet. He underlined that the visit is a reflection of the two countries’ solid strategic collaboration in a number of areas.
If you are planning to set up a business in Qatar, you are at the right place. Exports in Qatar have always been considerably more than imports. Do you know that Qatar had a total export of 72,934,956.29 in thousands of US$ and total imports of 29,178,064.57 in thousands of US$ leading to a positive trade balance of 43,756,891.72 in thousands of US$ in 2019? The second reason why you should explore the business opportunities in Qatar is its excellent infrastructure and monetary stability. You have to pay less tax in Qatar in comparison to other major countries of the world.
Moreover, the Qatar government has committed to spending $200 billion on its country’s infrastructure by the year 2030 as a part of the development plan. All these factors together make Qatar a profitable business workplace. But one has to consider a lot of factors before inaugurating a business in Qatar. The factors include the legal system, administration, taxation, employing staff, finding a perfect corporate place, and other valuable resources. In this guide, we will illustrate how one can establish a Business in Qatar. Let’s dive in and explore Qatar’s business opportunities first.
First of all, you should explore the business opportunities in Qatar as per your skills, interests and investment capacity. Since Qatar is becoming a global economic hub, there are too many fields in which a business person can invest to obtain profits. Here is a list of possible business opportunities in Qatar:
Delivery Business
The world is transforming and depending on the internet. Online deliveries have expanded their legs everywhere when it comes to shopping. Everyone wants to have different choices and deliveries at their home. So, a delivery for eCommerce businesses can also be an opportunity worth exploring in Qatar.
Restaurants or Cafes
Do you know that a major fraction of Qatar is filled with migrants? Such people miss their country’s food and native cuisines. So, you can opt for a restaurant where American, Indian, or Chinese food is available to fulfil customers’ cravings.
Interior Designing
Qatar is mostly occupied by wealthy people. As a result of which, people keep investing in expanding their luxurious lives, and transforming their hotels, homes, or offices. So, if you have a keen interest in designing, then interior designing can prove to be a boon in obtaining substantial earnings.
Maintenance Services Business
There is no doubt that Qatar is premature in technology. So, when it comes to repairing machines, maintenance remains an affordable option for people rather than changing the machine. Hence, maintenance services for electrical gadgets, mechanical machinery, plumbing, etc. could be a field to opt for business.
Financial Overhauls
If you have a potbelly for finances, then financial services are one of the most profitable industries in Qatar. An increase in Qatar’s GDP makes it necessary for people to undertake financial services for their businesses. You can opt for either wealth management, commercial banking, retail banking, or anything summing up financial overhauls.
Lastly, it all depends upon one’s interests and investment capacity to explore different business opportunities in Qatar.
Annual Export Value Growth in Qatar in 2021 (by destination)
First of all, you will need to appoint or find a Qatari sponsor or founder for your business. Preparing a sponsor with authorized entities is the very first requirement.
Secondly, the company has to undertake a commercial registration by the MOCI (Ministry of Commerce and Industry). Make sure the documentation of the legal procedure is completed in the Arabic language. The English translation of documentation can be followed afterwards. You can find all the legal procedures in commercial companies’ principles.
Most of the time, foreigners can hold only 49% of the total share capital of the company while the remaining 51% share comes under the control of the Qatari shareholders. However, the Minister of Economics and Trade can authorize a holding of foreign investors in certain industries (eg. healthcare, agriculture, Information Technology, Education, etc.) to surpass 49% to 100%, provided the company is compatible with the development plans of Qatar.
The company requires at least two Qatari shareholders and QAR 200,000 of share capital for starting a business in Qatar.
How to Register Your Business in Qatar?
Once you have fulfilled the basic requirements, it’s time to register your Limited Liability Company (LLC) in Qatar. Here are the major requirements one needs for business registration in Qatar:
Commercial Residence
Application for Registration in the Commercial Register, Qatar
The very first step is to get a trade name for your company. Make sure the name has its connotation in Arabic. If it has a different meaning, then you have to pay QAR 1,000 more to register the name. The trade name along with a list of the stakeholders and their fraction of companies on the document will allow you to get Commercial Residence (CR). The CR will state the legality of your company.
Trade License
The second most important thing that is needed to register one’s business in Qatar is the trade license. One needs to fill out and submit an application form with certain formalities attached. These include CR, owner’s identification, other business authorities’ identification, articles of incorporation, pictures of the office space, rental agreement, and building completion certification (in case of new construction).
Computer Card
Once you get your company seal officially registered in Qatar, you need to apply for a computer card. It is mandatory for a business owner in Qatar. To get this card you will need to submit certain documents. These include a copy of the identification of business partners and shareholders, a CR certificate, a trade licence, and the official company seal. Also, you have to submit proof for the application fee of QAR 200.
Taxation System of Qatar
Foreign businessmen in Qatar need to pay 10% tax on the profit obtained from the business which is comparatively lower than many countries of the world. This tax is known as withholding tax. If the business is wholly owned by Gulf Corporation Nationals or Qataris, then there will be no tax on profits. Tax is also not imposed in the case of nonprofit organizations, private associations, gross income from inheritances, wages, salaries, and allowances.
You will have to keep all records of tax payments as per Financial Reporting Standards. The tax year ends on 31 December in Qatar. After that, you will be allowed the time of the next four months to pay any of the taxes in the accounting period. In case there is any tax return, extension requests, or withholding tax statements, you will have to submit them through the tax department through TAS (Tax Administration System).
It is very important to have a valid visa before starting a business in Qatar. The following are some of the visas that one can obtain for indulging in business in Qatar:
Non-Qataris can obtain different kinds of visas from Qatar to operate their business as per their requirements. One can opt for a business visa for business operations. Such a visa is valid for only three months. This allows one to stay for thirty days per visit.
Another option is a 72-hour business visa. This is used by people who are looking forward to short business tours. You can expand its validity up to 72 hours if required.
Investor Visa is for foreigners who capitalize on a few selected ventures. The persons who are obtaining investor visas must have health checkup certificates, decent behaviour certificates, and investment ownership documents. One can even apply for an investor visa if he/she has property without any ownership.
Business Insurance is crucial for future security. Here is the list of insurances you can opt for in Qatar:
General Third Party Liability Insurance
Product Liability Insurance
Business Interruption Insurance
Property All Risk Insurance
Workmen’s Compensation Insurance
Conclusion
Hence, this was the guide on how to start a business in Qatar. Its low tax imposition and financial stability make it the best possible place to begin a business. You must consider all of the above factors before opening a business in Qatar. From obtaining visas, registrations, insurance, and taxes to licenses, everything should be up to date when you go for launching a business. Thus, starting a business in Qatar is a great opportunity to earn profits and gain experience at the same time.
FAQs
Can foreigners own businesses in Qatar?
The law of Qatar does not allow foreigners to have 100% ownership of businesses in Qatar. Most of the time, foreigners can hold only 49% of the total share capital of the company while the remaining 51% share comes under the control of the Qatari shareholders.
Is there any tax in Qatar?
No, there is no income tax in Qatar. However, foreign businessmen in Qatar need to pay a 10% tax on the profit obtained from the business.
Is it good to do business in Qatar?
Qatar is a great place to do business for many reasons. These include its excellent infrastructure, monetary stability, no income taxes, and luxurious lifestyle.
Sports are one of the most entertaining activities not only for those who play but also for those who watch. One of the most popular sports all over the world has to be Football. It is played in over 200 countries and over 250 million players are associated with it. The best thing is we are going to witness another FIFA World Cup in just a few months. FIFA World Cup is an international football competition between the senior men’s national football teams who are members of the Fédération Internationale de Football Association (FIFA).
FIFA World Cup started its journey in 1930 and this year 32 teams will compete with each other for the trophy. For 92 years The World Cup has been entertaining the world and its people. All these years many companies have been a part of this as their sponsors, this year as well, FIFA World Cup is getting many sponsors from all around the world.
This year the competition is scheduled to start on 21st November 2022. In this article, we will talk about the brands that are associated with the World Cup and are sponsoring one of the biggest sports events of 2022. So, without any further ado, let’s look at the list of sponsors of Fifa 2022.
“To have a sponsor is better but to be a sponsor is the best.” -Anonymous
Ed techs are creating a wave in the business industry and Byju’s is India’s largest Ed-tech company. It was founded in the year 2011 by Byju Raveendran and Divya Gokulnath. The app has over 115 million registered users who are learning through this app. Recently, Byju’s has created history by becoming the first Indian official sponsor of The FIFA World Cup 2022. Byju’s paid approximately $30 to $40 million to become the official sponsor of Fifa.
Budweiser
Budweiser Logo
Budweiser is a beer brew brand that provides alcoholic beverages and merchandise. It is one of the most popular and well-known brands of beer in the world. The brand was founded in the year 1876. It is the largest selling beer in the United States of America. Budweiser has been the FIFA World Cup sponsor for more than 25 years and this is nothing different as it is officially sponsoring the FIFA World Cup 2022 as well.
Hisense
Hisense Logo
Hisense is a world-renowned Chinese multinational tech company popular for manufacturing consumer electronics products. The company was founded in the year 1969 by Zhou Houjian, the brand has been serving the world for over five decades and has become a promising company that is home to a number of electronics products. The headquarters is situated in Qingdao, China. Hisense is the official sponsor of the FIFA World Cup.
Vivo
Vivo Logo
Vivo is a well-known Chinese tech company founded in the year 2009 by Duan Yongping and Shen Wei. Vivo is known for providing high-tech smartphones to its customers; it is undoubtedly one of the leading brands of smartphones in the world. Vivo has always been part of some of the greatest sports events in the world. So, it is not something unusual that it has become the official sponsor of The World Cup 2022.
McDonald’s
Mcdonald’s Logo
The World’s leading Fast-food chain known for its burgers and fries was founded in the year 1940 by Richard McDonald and Maurice McDonald. With serving over 119 countries McDonald’s is a prime place to have breakfast and snacks. The company has become a brand that is loved by almost everyone. Such is its popularity that it also has become the official sponsor of FIFA World Cup 2022.
Crypto.com
Crypto.com is a cryptocurrency exchange app. The company was founded in the year 2016 by Bobby Bao, Rafael Melo, Gary Or, and Kris Marszalek and its headquarters is situated in Singapore. It is said to be the fastest-growing cryptocurrency platform and has over 400o employees all over the world. Crypto.com has become one of the official sponsors of the FIFA World Cup 2022.
Fédération Internationale de Football Association commonly known as FIFA and all its Partners are:
Wanda Group
Wanda Group Logo
Wanda Group is a Chinese multinational conglomerate, they are known for being the leading real estate company. Apart from that, it has also known for being one of the top children’s entertainment companies, Film Companies and Sports Companies. It was founded by Wang Jianlin in 1988. In 2016, Wanda Group signed as a Partner of FIFA and this year as well it is the Partner of the association.
Qatar Airways
Qatar Airways Logo
Qatar Airways is a five-star airline in Qatar. The airline was founded in the year 1993 by Akbar Al Baker, it is known for providing the best amenities to its customers, for being clean, for giving fine quality food and services and of course for comfortable seats. Qatar Airways is the Official Partner of FIFA 2022.
Coca-Cola
Coca-Cola Logo
Coca-Cola is the multinational beverage company that rules the industry of Soft drinks. The brand started its journey in the late 19thcentury and since then it has been the top brand of soft drinks. It can be found in over 200 countries and the headquarters is situated in Atlanta, The United States of America. Coca-Cola is one of the longest Partners of FIFA, the collaboration began in 1974, in the FIFA World Cup 2022, it is also the Official Partner of FIFA.
Adidas
Adidas Logo
Adidas is a German multinational and the second-largest sportswear manufacturer company in the world. It was founded in the year 1924 by Rudolph Dassler and Adolf Dassler. The brand is most famous for its footwear collections. Since 1970 Adidas has been associated with FIFA as its official partner, it’s been over 50 years the brand is continuing its journey with FIFA. It is the official partner of FIFA in the World Cup.
Visa
Visa Logo
Visa is an American multinational financial services organisation that was founded in the year 1958; it was launched by the Bank of America. It is the most popular and the largest card payment organisation in the entire world. Visa is the partner of FIFA since 2007 and this year as well it is the Official Partner of FIFA World Cup 2022.
Hyundai
Hyundai Logo
Hyundai is a world-known multinational company that is into automotive manufacturing. It was founded in the year 1967 by Chung Ju-Yung. The headquarters is based in Seoul, South Korea. Hyundai started its journey with FIFA in 1999 and since then it has been accustomed to the association for years. This year as well, Hyundai is the Official Partner of FIFA.
With the biggest sporting event of Football right around the corner, it will be exciting to watch who will be the next sponsors of the World Cup 2022. It is definitely one of the most awaited sporting events in the world so brands will fight their way to be associated with it.
FAQs
Who are the sponsors of World Cup 2022?
Byju’s, Budweiser, Hyundai, Visa, Qatar Airways, Adidas, Wanda Group, McDonald’s, Vivo, and Hisense are the sponsors of FIFA World Cup 2022.
How many teams are there in World Cup 2022?
There are 32 teams in the FIFA World Cup 2022.
When will FIFA World Cup start?
FIFA World Cup will start on 21st November 2022.
Who is holding the World Cup in 2022?
Qatar is hosting the FIFA World Cup 2022 and the country will make its first appearance in FIFA World Cup 2022.
