ITOCHU provide scholarships in Qatar

November 15, 2012

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President and CEO; hereinafter referred to as “ITOCHU”) announced today that it has entered a Contribution Agreement (“Agreement”) with Qatar Foundation for Education, Science and Community Development (“QF”). According to the Agreement, ITOCHU will contribute total US$7.5 million over 5 years to Hamad bin Khalifa University’s Education Program (“HBKU Education Program”).
Our contribution will provide scholarships to the students in the Education City, the flagship project at HBKU Education Program, and is aimed to assist Qatar’s efforts to invest in human capital for the implementation of the development of intellectual industry and to facilitate exchange and cooperation between Japan and Qatar. Our contribution is also in line with the objectives of ITOCHU’s CSR program, which are to support development of next generation, to contribute to local community and to promote traditional culture.
This year marks the 40th anniversary of establishment of diplomatic relations between Japan and Qatar. ITOCHU, through its business and CSR activities in Qatar, will contribute to further strengthen the relationship between both countries.

About Qatar Foundation (QF)

QF is an independent, private, non-profit, chartered organization founded in 1995 by decree of His Highness Sheikh Hamad Bin Khalifa Al-Thani, Amir of the State of Qatar, to support centers of excellence which develop people's abilities through investments in human capital, innovative technology, state of the art facilities and partnerships with elite organizations, thus raising the competency of people and the quality of life.