The Qatar Financial Centre Authority (QFCA) has signed a memorandum of understanding (MoU) with the US-Qatar Business Council (USQBC) to expand collaboration between the two organisations and promote business between the two countries.
The agreement lays the groundwork for the development of strategic initiatives aimed at benefiting both QFC-licensed firms and USQBC members. It will also expose American financial and professional services firms to the QFC’s platform for doing business in Qatar and the Middle East as well as North Africa and South Asia (Menasa) region.
“This agreement is the latest step by QFC to support the growth of our licensed firms and facilitate the expansion and diversification of the Qatari private sector. Cross-sector collaboration of this sort has been, and will continue to be, central to the success of QFC and the companies we serve,” QFCA chief executive Yousuf Mohamed al-Jaida said.
It additionally provides a powerful avenue for firms operating at the QFC to pursue new business and engage with key partners in the US. The USQBC counts prominent Qatari and Fortune 500 companies among its members, who benefit from USQBC’s programming, advice and counsel in seeking bilateral business opportunities.
“Creating a world-class business environment for companies operating or interested in operating in Qatar is a goal shared by both the USQBC and QFC. With the signing of this agreement, our like-minded organisations commit to deepening collaboration and seizing new opportunities for the Qatari and American private sectors,” according to Mohamed Barakat, USQBC’s managing director.
Barakat (left) and al-Jaida: Mutually beneficial cooperation.
