Indiana Governor Eric J. Holcomb will lead an economic development trip to Qatar next week to encourage collaborative opportunities to advance innovation, investment, and job creation in Indiana.
Gov. Holcomb to Foster International Business Opportunities in Qatar
Indianapolis, Indiana (July 1, 2021) – Governor Eric J. Holcomb will lead an economic development trip to Qatar next week, building on his focus of increasing Indiana’s international engagement and cultivating new business relationships in the Middle East to encourage collaborative opportunities to advance innovation, investment and job creation in Indiana.
“Secretary [Brad] Chambers and I are energized and excited to build and further strengthen Indiana’s global connections through economic, educational and cultural ties,” said Gov. Holcomb. “We look forward to building this relationship through discussions with a wide variety of government officials and industry leaders during our visit and expect this trip to further cultural connections and economic cooperation between our two states in innovative sectors across the board.”
Gov. Holcomb and Indiana Secretary of Commerce Brad Chambers will depart for Qatar on Monday, July 5, and return to Indiana on Friday, July 9. In Qatar, the delegation, which includes Indiana Economic Development Corporation (IEDC) staff members, will build on prior conversations between Indiana and Qatar and help position the state for future economic partnerships as Qatar works to advance its global economy.
Indiana and Qatar share a strong trade relationship, with Indiana being the 12th largest exporter to Qatar in the U.S. Qatar has placed an increased focus on several strategic priorities that align closely with Indiana, including infrastructure, education and sports. In addition to large-scale sporting events, Indiana is home to a thriving sports economy and will use connections made on the Qatar trip to explore possible collaborations and partnerships.
In Qatar, Gov. Holcomb and Sec. Chambers will meet with government officials and global business leaders in Doha, Qatar’s capital, to promote Indiana as a top destination for innovation, investment and jobs, and to discuss opportunities to encourage future economic cooperation. On July 7 and July 8, the delegation will meet with Qatari leadership, U.S. government officials at the U.S. Embassy, the American Chamber of Commerce Qatar Board of Governors, and Qatari business prospects. Gov. Holcomb and the delegation will also tour the sites of the 2022 World Cup and visit with U.S. and Hoosier troops serving at the Al Udeid Air Base.
Indiana is home to more than 1,050 foreign-owned business establishments that support more than 215,800 Hoosier jobs across the state, with foreign direct investment to the state increasing by 300% from 2016 to 2019. In 2020, amid the COVID-19 pandemic, 36 foreign-owned businesses committed to invest $1.85 billion to locate or grow in Indiana and create up to 5,228 new jobs over the next several years.
This marks Gov. Holcomb’s ninth international economic development trip and first trip to Qatar and is the first trip for Brad Chambers as secretary. The costs of the state delegations are being paid through private donations to the Indiana Economic Development Foundation.
Information on ties between Indiana and Qatar is available here.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov.