The Ministry of Transport and Communications (MoTC) and the Qatar Financial Centre on Wednesday signed an agreement for co-operating in all areas related to the technological and economic development of Qatar.
The memorandum of understanding (MoU) aims at supporting the activities or projects that help raise the digital industry’s contribution to the Qatari gross domestic product (GDP).
The two parties will also work together on improving the competitiveness of the local digital sector and supporting the activities aimed at attracting local and international investments and companies.
The MoU was signed by MoTC’s Assistant Undersecretary for Digital Society Development Affairs Reem al-Mansoori and QFC chief executive Yousuf Mohamed al-Jaida.
MoTC and QFC intend to support digital development in the field of information and communication technology and its adoption in Qatar for high priority segments of society such as the youth, entrepreneurs, startups and small and medium enterprises.
The MoU has special areas of focus. All of them fall in the context of developing the digital and technological industry as well as the programmes and projects that MoTC executes toward that end such as the Smart Qatar Programme (TASMU) and relevant innovation and research areas through the exchange of knowledge among stakeholders.
Economic development is also another area of focus through promoting and attracting global e-commerce and e-commerce related technology companies and driving digital investments in Qatar jointly through initiatives the two parties organise.
"This MoU will offer a significant platform for constructive co-operation and a broader and more pragmatic co-ordination toward what we aim for,” al-Mansoori said.
Both the parties will work together to improve potential and competitiveness through the TASMU Digital Valley, specialised e-commerce programmes and TASMU, she said.
"By increasing the digital industry’s contribution to Qatar’s GDP we can help improve the competitiveness of the sector, thereby attracting both local and international investments, which remains the key mandate of the QFC," al-Jaida said.
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