Summit signs MoU with Qatar Financial Centre to explore trade opportunities

Summit Group has signed a memorandum of understanding (MoU) with Qatar Financial Centre (QFC) to explore investment and business opportunities in Qatar, especially in the supply of Liquified Natural Gas (LNG) with QFC.

Bangladesh Prime Minister Sheikh Hasina was present at the signing event in Doha on Monday, according to a press release.

CEO and MD of Summit Power International Ayesha Aziz Khan, Undersecretary to Qatar’s Ministry of Commerce and Industry Sultan bin Rashid Al Khater and CEO of QFC Yousef Mohamed Al-Jaida were also present at the ceremony.

Co-CEO of QFC Sheikha Alanoud Bint Hamad Al-Thani and Director of Summit Oil and Shipping Co Ltd (SOSCL) Salman Khan signed the MoU on behalf of their organisations.

The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha. QFC offers its own legal, regulatory, tax and business environment, contributing to the economic development and diversification prescribed by Qatar National Vision 2030.

Summit Oil and Shipping Co Ltd (SOSCL) is the energy arm of Summit Group, the largest infrastructure conglomerate in Bangladesh. The group is the largest independent power producer (IPP) in Bangladesh, generating around 2 gigawatts (GW) for the national grid.

The company owns and operates Bangladesh’s second Floating Storage and Regasification Unit (FSRU) and LNG import terminal with a capacity of 500 mmcf/d. Summit is a renowned and trusted partner in sustainable energy generation for the future.