Ooredoo has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre (QFC) as part of Ooredoo’s programme for business innovation and partnerships development.
Ooredoo COO Yousuf Abdulla al-Kubaisi and QFC Authority CEO Yousuf Mohamed al-Jaida signed the MoU at Ooredoo’s West Bay headquarters, in the presence of several senior executives from Ooredoo and the QFC.
The MoU was created for mutually-beneficial relationship between Ooredoo and the QFC to leverage the extensive expertise and experience on both sides. The two entities plan to work together on a number of initiatives, such as an incubator strategy, digital cluster activities, and the creation of joint working groups in several digital areas, including Internet of Things and data science. There will also be dual cross-selling activities and other joint activities such as conferences and seminars.
Companies under the QFC will also benefit from ICT packages created by Ooredoo to suit their needs, Ooredoo said in a statement.
On Ooredoo’s part, the MoU is intended to promote the telco giant as a thought-leader internationally, and increase positive market recognition with events, seminars and other relevant activities.
Al-Kubaisi said, “We’re delighted and proud to have signed this Memorandum of Understanding with the Qatar Financial Centre. There is a wealth of talent on both sides that can be leveraged to benefit both sides, and we look forward to a long and fruitful relationship for both the entities.”
Al-Jaida added, “The QFC’s Memorandum of Understanding with Ooredoo follows our recently announced strategy, which focuses on key sectors including digital as well as others that are poised for significant growth.
“Our MoU with Ooredoo is therefore an important step in supporting Qatar on its path towards becoming a renowned international digital hub, and we are excited to see the great accomplishments that will undoubtedly result from this agreement.”
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