IPA Qatar unites with UBS to strengthen regional financial sector

By Rahul Vaimal, Associate Editor
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Qatar’s Investment Promotion Agency of Qatar (IPA Qatar) has entered into a non-binding memorandum of understanding (MoU) with Switzerland-based global financial firm UBS to create a regional financial services hub. 

The IPA Qatar-UBS MoU will facilitate the establishment of critical UBS Wealth Management operations in Doha while exploring future opportunities to support the development of Doha as a leading financial services hub

As part of the agreement, IPA Qatar and UBS look to negotiate and execute a definitive agreement in relation to mutually strategic nexus markets. While working on strengthening the financial services market infrastructure in Qatar, the duo will also facilitate the acceleration of financial digitization in Qatar, enhance efficient interaction between financial markets internationally, and support local talent development.

The MoU was signed by Qatar’s Minister of Commerce and Industry and the chairman of IPA Qatar, HE Ali bin Ahmed al-Kuwari and Mr. Axel Weber, the Chairman of UBS along with UBS Group Chief Executive Mr. Ralp Hamers, in the presence of HE the Prime Minister and Minister of Interior, Sheikh Khalid bin Khalifa bin Abdulaziz al-Thani and officials of both the organizations.

Investment Promotion Agency of Qatar (IPA Qatar)

Launched in 2019, the IPA Qatar, which is registered in the Qatar Financial Centre (QFC) platform strives to smooth the way for investors’ journeys to business success in Qatar while transforming and diversifying one of the world’s most prosperous economies.

The agency acts as a gateway to all investment solutions in Qatar, with a focus on advancing ambitious investors’ goals and accelerating their growth, in line with the nation’s foreign direct investment roadmap and economic development goals. While opening the door to opportunities in all fields and disciplines, IPA Qatar actively pursues a targeted, sector-specific investment promotion agenda.