QFC and US-Qatar business council ink MoU to bolster bilateral busines

28/02/2017 16:37 AST

The Qatar Financial Centre (QFC) Authority 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 United States and Qatar.

"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,” said Yousuf Mohamed Al-Jaida, QFC Authority CEO.

The agreement lays the groundwork for the development of strategic initiatives aimed at benefitting both QFC-licensed firms and USQBC members. The MoU will expose American financial and professional services firms to the QFC’s world-class platform for doing business in Qatar and the Middle East, North Africa and South Asia (MENASA) region. 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 likeminded organisations commit to deepening collaboration and seizing new opportunities for the Qatari and American private sectors,” said USQBC’s Managing Director, Mohammed Barakat.

CPI Financial