An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Qatar Free Zones is Utilizing Aspiration’s Sustainability Services to Become the First Net Zero Free Trade Zone in the World
Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags
Qatar Free Zones Authority signs strategic collaboration agreement with Aspiration
Agreement will deliver best-in-class sustainability solutions for governments and businesses to reduce their carbon footprints and combat climate change
DOHA, Qatar--(BUSINESS WIRE)--
Qatar Free Zones Authority (QFZA) and Aspiration, a U.S.-based global leader in Sustainability as a Service solutions for consumers, companies, and governments, signed in Doha a strategic partnership agreement to expand access to sustainability services in the region. As part of the agreement, Aspiration will set up operations in Qatar Free Zones to deliver sustainability services, carbon neutrality solutions, and green financial solutions to customers in the Free Zones, Qatar, and across the Middle East and North Africa.
The agreement was signed as part of a week-long visit to Qatar during which Aspiration representatives will meet with leading Qatari government ministries and private sector organizations to discuss opportunities to expand green financial services and climate change-fighting solutions in the region.
On August 18, 2021, Aspiration and InterPrivate III Financial Partners Inc. (NYSE: IPVF) (“InterPrivate III”), a publicly-traded special purpose acquisition company, entered into a definitive merger agreement that will result in Aspiration becoming a publicly listed company. Upon closing of the transaction, the company will be named Aspiration, Inc., and trade under the new ticker symbol “ASP.”
The partnership is part of a broader collaboration between Aspiration and Qatar, within which Doha Venture Capital (DVC) has invested in Aspiration. It is reflective of QFZA’s sustainability strategy, which is aligned with the goals of Qatar’s environment and climate change strategy. The agreement will enable Aspiration to evaluate carbon footprints and manage carbon neutrality programs as a preferred sustainability services and carbon offsets provider to Qatar Free Zones. Aspiration will also work with companies and entities operating in the Zones to develop their sustainability goals and create bespoke strategies to achieve those goals.
The partnership will also lead to the establishment of a Center of Excellence in the Zones before the end of 2022 to provide internationally recognized green certifications. The Center will offer conventional as well as Sharia-compliant green financial services and products with banking partners in Qatar and across the region.
H.E. Ahmad Al-Sayed, Minister of State and Chairman of QFZA and DVC, said, “We’re delighted to enter into this agreement with Aspiration, a leader in bringing sustainability solutions to people and businesses. This agreement is a testament to our enduring focus on and commitment to sustainability and innovation – and particularly the intersection between the two. Qatar Free Zones are a natural base for companies with the skills and innovative mindset to help build a greener, better future, and we look forward to welcoming Aspiration to Qatar.”
“Aspiration is in the business of fighting the climate crisis and we’ll go wherever it takes to fulfill that mission,” said Andrei Cherny, CEO of Aspiration. “We are thrilled to work with Qatar Free Zones in strengthening sustainability projects across the region as part of our commitment to helping individuals and businesses around the world to work sustainably and meet the challenge of fighting climate change.”
“The planet is in crisis; to save our earth from becoming uninhabitable, we need every nation on earth to do everything in its power to fight climate change,” said Joe Sanberg, Co-Founder of Aspiration. “Qatar Free Zones Authority is setting a new standard in its commitment to sustainability by investing in the green infrastructure and carbon neutrality programs that will help us solve this global emergency."
Ahmed Fattouh, Chairman of InterPrivate, added, “Climate change is a global problem. This partnership highlights Aspiration’s opportunity to bring its innovative suite of integrated corporate solutions to sovereign and international clients.”
Natalie Baker, Chargé d’Affaires at the U.S. Embassy in Qatar, said, “I congratulate Aspiration and the Qatar Free Zones Authority on the partnership they are launching, which supports our shared bilateral climate change goals. Environmental, social, and governance (ESG) investing is aligned with both U.S. environmental goals and Qatar’s Climate Change Strategy, and we look forward to more opportunities to pursue these interests together.”
Qatar Free Zones offers modern green infrastructure to its investors and is committed to sustainability in every aspect of its operations. The Free Zones are designed to be as efficient as possible, making use of a wide range of innovative technologies to deliver on QFZA’s vision to become the world’s most sustainable free zone group.
About Qatar Free Zones Authority (QFZA)
Qatar Free Zones Authority (QFZA) started its operations in 2019 and it oversees and regulates world-class free zones in Qatar and secures fixed investments within the zones. QFZA offers outstanding opportunities and benefits for businesses seeking to establish operations and expand regionally and globally, providing quality infrastructure, a skilled workforce, 100% foreign ownership, access to investment funds, tax exemptions and partnership opportunities with Qatari entities. For more information on QFZA, visit https://qfz.gov.qa/
About Doha Venture Capital (DVC)
Doha Venture Capital (DVC) focuses on investing in and attracting SMEs in strategic sectors, particularly companies developing advanced technologies, to take advantage of the growth opportunities in Qatar, the MENA region and the world. DVC partners with high-growth disruptive companies, providing them capital and access to Qatar’s domestic and global network, while ensuring sustainable financial returns. For more information on DVC, visit https://dvc.qa/
About Aspiration Partners Inc. Aspiration is a leading platform to help people and businesses put automated sustainable impact into their hands and integrate it into their daily lives. Aspiration has earned the trust of its more than 5 million members by helping them spend, save, shop, and invest to both "Do Well" and "Do Good." Aspiration Partners, Inc. is a certified B Corp.Alpha Edison, AGO, Capricorn Investment Group, Flourish Ventures, Social Impact Finance, Deep Field Asset Management, Joseph Sanberg, Alex Pomeroy and Robert Downey Jr.'s Footprint Coalition Ventures. For more information, visit Aspiration.com or Aspiration.com/business. Still and video media assets can be found at https://tinyurl.com/56u3yu3z.
About InterPrivate III Financial Partners Inc. InterPrivate III Financial Partners Inc., led by Chairman & CEO Ahmed Fattouh, President Nicholaos Krenteras, and Vice Chairman Sunil Kappagoda, is a blank check company whose business purpose is to effect a business combination with one or more businesses in the financial services or fintech sectors. InterPrivate III’s Board of Directors includes globally recognized financial services leaders including: former BankOneChairman, John McCoy; former Lucent and Verifone Chairman, Rich McGinn; Pine Brook founder and former Warburg Pincus Vice Chairman, Howard Newman; and fintech investor Gordy Holterman.
