QFZA signs MoUs with leading entities in Singapore
August 31 2019 08:15 PM
HE Sheikh Mohamed and Balakrishnan witness the signing of MoUs between QFZA and leading entities in
HE Sheikh Mohamed and Balakrishnan witness the signing of MoUs between QFZA and leading entities in Singapore at the 2nd Annual Bilateral Qatar-Singapore Summit.

Doha

Qatar Free Zones Authority (QFZA) has signed MoUs with leading entities in Singapore at the 2nd Annual Bilateral Qatar-Singapore Summit to “promote the exchange of best practices and knowledge on innovation and intellectual property as well as develop a roadmap for greater trade facilitation.”

QFZA's partnership with Intellectual Property of Singapore (IPOS) will promote the exchange of best practices and knowledge on innovation and intellectual property.

QFZA will work with CrimsonLogic, a leading provider of eGovernment solutions, to develop a roadmap for greater trade facilitation.

QFZA is the authority that develops free zones in Qatar and sets the strategic direction as well as formulates and governs policies for businesses operating in the free zones.

The signings took place as part of the 2nd annual Implementation Monitoring Mechanism (IMM) meeting held in Singapore. The meeting was co-chaired by HE the Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohamed bin Abdulrahman al-Thani and Singapore’s Minister for Foreign Affairs Dr Vivian Balakrishnan, and focused on the strong relationship between Qatar and Singapore and their shared commitment to continued bilateral co-operation.

Lim Meng Hui, CEO, QFZA, said, “We are excited to partner with CrimsonLogic and IPOS to strengthen QFZA’s value proposition to our tenants, investors and partners, both locally and globally. At QFZA, we consistently embrace innovation and technology to create a favourable business environment and achieve greater business efficiency for our partners.”

Abdulla al-Misnad, deputy chief executive officer, QFZA, said, “These agreements promote bilateral economic relations with Singapore and foster knowledge-sharing initiatives, and are a testament to our ongoing commitment to strengthening Qatar’s position as a global hub for trade.”

Daren Tang, chief executive, IPOS said, “The Intellectual Property Office of Singapore and the Qatar Free Zones Authority share a common goal of supporting innovation-driven growth. Through this MoU, we will work together to support innovative enterprises seeking business growth through the strategic use of their intangible assets and IP. In particular, we will put in place various IP programmes, training, events and advisory services, which we hope will strengthen our respective innovation ecosystems and enrich the connections between our innovation communities.”

Under the MoU, QFZA and IPOS will strengthen collaboration on intangible assets (IA) and intellectual property (IP) to support bilateral economic relations, promote best practice and technology exchanges, develop skills in these areas within free zones and facilitate economic development.

While the MoU with CrimsonLogic and QFZA aim to develop a roadmap for QFZA to use a CrimsonLogic Trade Facilitation Platform (TFP), to enhance and streamline trade processes and facilitate trade between Qatar and existing and target trading partners.



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