Doha [Qatar], June 12: Qatar Free Zones Authority (QFZ) has signed a strategic multilateral memorandum of understanding (MoU) with China's Jiangsu Luyi Investment and Zhejiang Zhenshen Insulation Technology, the world's largest producer of cellular glass insulation materials and a leading insulation solutions provider in China, to support the establishment of an advanced insulation materials manufacturing facility at the Sino-Qatar Luyi Industrial Park in Umm Alhoul Free Zone.
The agreement was signed on the sidelines of QFZ's China Roadshow and marks a significant step in strengthening industrial cooperation between Qatar and China while advancing Qatar's ambitions to become a regional hub for high-value manufacturing and industrial innovation.
The MoU establishes a framework for long-term collaboration among the three parties, under which Zhejiang Zhenshen will explore the establishment of a state-of-the-art manufacturing facility within the Sino-Qatar Luyi Industrial Park, which is operated and managed by Jiangsu Luyi Investment.
As part of the agreement, QFZ will facilitate Zhejiang Zhenshen's entry into Qatar's free zones ecosystem and support the establishment of its operations. The three parties will work closely on market research, resource allocation, project planning, factory development, and operational readiness to ensure the successful implementation of the project.
The proposed facility is expected to contribute to the development of Qatar's industrial sector by introducing advanced manufacturing capabilities in thermal insulation materials and related products. The project also aligns with Qatar's efforts to attract foreign direct investment, diversify its economy, and promote technology transfer in line with the goals of Qatar National Vision 2030.
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Under its regional expansion strategy, Zhejiang Zhenshen plans to establish an operating entity within Qatar's free zones and undertake phased investments in the production of thermal insulation materials and associated products. Notably, the project will represent the company's first overseas operational presence, positioning Qatar as its international hub and serving as a gateway for expansion into key markets across the Middle East and Africa.
Commenting on the occasion, QFZ Chief Executive Officer HE Sheikh Mohammed bin Hamad bin Faisal Al Thani said the agreement demonstrates the shared commitment of all parties to advancing innovation-driven industrial growth.
"This MoU reflects our shared commitment to advancing high-value manufacturing, innovation and industrial growth. By combining Zhejiang Zhenshen Insulation Technology's technological expertise with the integrated ecosystem of QFZ and the Sino-Qatar Luyi Industrial Park, we are creating a platform that will facilitate investment, accelerate knowledge transfer, and strengthen industrial capabilities across key global markets," he said.
Sheikh Mohammed added that the partnership further reinforces Qatar's position as a strategic hub connecting international businesses to regional and global opportunities.
"We look forward to supporting the company's long-term growth through the world-class infrastructure, connectivity, and business environment offered within our free zones," he said.
The collaboration highlights the increasing attractiveness of Qatar's free zones as a destination for global manufacturers seeking access to regional and international markets. With advanced logistics infrastructure, strategic geographic location, and a business-friendly environment, Qatar continues to draw investments from leading industrial players worldwide.
For Jiangsu Luyi Investment, the agreement represents another milestone in the development of the Sino-Qatar Luyi Industrial Park, which has emerged as a key platform for facilitating industrial cooperation between China and Qatar.
Yin Haijie, chairman of Jiangsu Luyi Investment, said the partnership reflects growing interest among Chinese manufacturers in establishing operations in Qatar and the broader Middle East region.
"This partnership marks another important milestone for the Sino-Qatar Luyi Industrial Park and reflects the growing interest among Chinese manufacturers in establishing a presence in Qatar and the wider Middle East. Through our collaboration with QFZ and Zhejiang Zhenshen Insulation Technology, we have developed a platform that helps industrial companies transition from market exploration to operational deployment while supporting Qatar's long-term industrial development ambitions under Qatar National Vision 2030," he said.
Yin further noted that the company looks forward to supporting Zhejiang Zhenshen's regional expansion plans and helping unlock new opportunities for advanced manufacturing and cross-border industrial collaboration.
For Zhejiang Zhenshen, the agreement provides a strategic foundation for expanding its operations beyond China and establishing a foothold in one of the region's most dynamic investment destinations.
Zhang Chunhua, chairman of Zhejiang Zhenshen Insulation Technology, said Qatar's advanced infrastructure, excellent connectivity, and access to regional markets make it an ideal location for industrial investment.
"Qatar offers a highly attractive environment for industrial investment, supported by advanced infrastructure, strong connectivity, and access to regional markets. This MoU with QFZ and Jiangsu Luyi Investment provides an important foundation for our Middle East expansion strategy, and we look forward to establishing our first overseas operational presence in Qatar's Free Zone in Umm Alhoul that supports our strategic growth ambitions in the region," he said.
The memorandum builds upon the growing strategic partnership between QFZ and Jiangsu Luyi Investment in developing the Sino-Qatar Luyi Industrial Park at Umm Alhoul Free Zone. The park's first phase spans approximately 282,000 square metres and serves as a dedicated platform for strengthening economic and industrial ties between Qatar and China.
The planned entry of Zhejiang Zhenshen into the industrial park is expected to further enhance the park's role in supporting Belt and Road cooperation, facilitating industrial investment, and promoting regional manufacturing development. The initiative also underscores Qatar's growing importance as a destination for international companies seeking to expand across the Middle East and Africa while leveraging the country's strategic location and world-class infrastructure.
The agreement is another testament to QFZ's ongoing efforts to attract leading global manufacturers and technology-driven enterprises, reinforcing the free zones' role as a catalyst for economic diversification, industrial development, and sustainable growth in Qatar.
Source: Qatar Tribune
