Qatar Holding Announces Cooperation Initiatives with Qatar Science & Technology Park, Volkswagen and Porsche

Qatar Holding LLC (QH) announces today that it has signed a Memorandum of Understanding (MOU) which sets out the foundation for a series of cooperation initiatives between QH, Qatar Science & Technology Park (QSTP), Volkswagen AG (VW) and Porsche SE (PSE).


The MOU seeks to develop further cooperation between QH, QSTP, VW and PSE within the State of Qatar subsequent to QH investment in these German automotive companies in August 2009. As previously announced, QH investment in PSE and VW had envisaged the establishment of R&D and testing and training facilities in Doha, as well as other avenues of cooperation. The MOU which has been signed today establishes a Management Committee and Technology Steering Committee which will oversee further studies in, and development of, specific areas of interest.