Energy City Qatar launched

DOHA — The Middle East's first energy business centre, Energy City Qatar, was officially launched yesterday under the patronage of the Amir of The State of Qatar, His Highness Shaikh Hamad bin Khalifa Al Thani.

By A Staff Reporter

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Published: Wed 22 Mar 2006, 9:36 AM

Last updated: Sat 4 Apr 2015, 3:37 PM

Shaikh Abdullah bin Khalifa Al Thani, the Prime Minister of Qatar, presided over the high-level event, hosted by Sir David Frost and attended by Shaikh Hamad bin Jassim Bin Jabr Al Thani, the First Deputy Prime Minister and Minister of Foreign Affairs and Chairman of Qatari Diar Real Estate and Investment Company, a host of key government officials and business and energy leaders from across the world.

The gathering was addressed by Abdullah bin Hamad Al Attiyah, the Second Deputy Prime Minister and Minister of Energy and Industry and Chairman and Managing Director of Qatar Petroleum, Shaikh Mohammed bin Ahmed Al Thani, the Minister of Economy and Commerce and Chairman of the Qatar Financial Centre Authority, and Esam Janahi, the Chairman of Gulf Energy.

Additionally, special pre-recorded video messages from William (Bill) H. Gates, Chairman and Chief Software Architect of Microsoft Corporation, David O'Reilly, Chairman and Chief Executive Officer of Chevron Texaco, Andrew Gould, the Chairman and Chief Executive Officer of Schlumberger, and Helge Lund, the President and Chief Executive Officer of Statoil, were relayed at the event.

Commenting on this momentous occasion, Esam Janahi, Chairman of Gulf Energy said: "The Middle East accounts for over 60 per cent of the world's proven oil reserves and over 40 per cent of the world's natural gas reserves. But, the region doesn't have a dedicated energy business centre. Energy City Qatar was conceived with the central aim of filling this void and positively contributing to the economic development of Qatar and the region."

Energy City Qatar will be the Middle East's first full-service energy business centre catering to the commercial, technical and human resource needs of the oil and gas industry operating in the region, with cutting-edge facilities and services. It will also be home to a dedicated energy trading platform, the International Mercantile Exchange (IMEX), which will be regulated by the Qatar Financial Centre Regulatory Authority.

Vahan Zanoyan, President and CEO of PFC Energy and Board Member of Gulf Energy said: "Qatar is the ideal location for the Middle East's energy business centre. Participants in Energy City Qatar will be able to gain significant efficiencies due to the benefits of clustering, ease of interaction and communication, economies of scale and easier access to opportunities and decision-makers at all levels."

Gulf Energy, the consortium of international energy experts behind Energy City Qatar, recently signed an MoU with Microsoft providing for the development and implementation of the next generation of advanced enterprise-level solutions to form the necessary technology infrastructure for Energy City Qatar.

Energy City Qatar will be an innovative, intelligent, vibrant energy centre filled with customers, suppliers and related service providers freely interacting, cooperating and competing for the advancement of the energy sector.

It recently announced the appointment of its International Advisory Body, comprising eminent experts from the business world, particularly from the energy and energy-related sectors.

The board includes Henri Philippe Reichstul from Brazil, Simon Tay from Singapore, Bernard de Combret from France and Harald Norvik from Norway.



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