Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), has sealed an agreement with Cyprus Chamber of Commerce and Industry (CCCI), aimed at enhancing bilateral trade and cross-border cooperation between the two counties.
Under the MoU, both parties will work together to bolster business ties across the financial and professional services sectors through initiatives, such as webinars, networking events, B2B meetings, and exchange of market insights and potential opportunities.
Additionally, they will facilitate strategic introductions to organizations for the benefit of QFCA and its partners, as well as CCCI and its members. This partnership falls in line with QFC’s commitment to strengthening Qatar’s global business connections.
As part of the collaboration, the two parties will also support companies looking forward to expand into either market, with QFC ensuring companies that align with its permitted activities referred by CCCI are provided incentives and support on licensing processes.
Yousuf Mohamed Al-Jaida CEO – QFC
“This partnership enables us to leverage the networks and expertise of both QFC and CCCI. With this MoU we aim to create new opportunities for businesses, deepen bilateral relations, and unlock mutually beneficial partnerships across key sectors. This initiative aligns with our commitment to expanding Qatar’s global business connections and attracting quality investments to the QFC platform.”
HE Andreas Nicolaides, Ambassador of the Republic of Cyprus to the State of Qatar, commented that, “The signing of this MoU between the CCCI and QFC is an important development in our joint efforts to further strengthen and deepen the economic and financial ties between Cyprus and Qatar. We are looking forward to the immediate activation of this valuable instrument, for the further promotion of B-B contacts and an increased frequency of reciprocal visits by delegations from our respective business communities in the fields of financial and professional services.”
Stavros Stavrou, President at CCCI, added that, “The signing of this Memorandum of Understanding with the Qatar Financial Centre marks an important step towards deepening the economic ties between Cyprus and Qatar. It reflects our shared commitment to fostering a more dynamic, collaborative, and forward-looking business environment. We are confident that this partnership will create new opportunities for investment, innovation, and bilateral growth across a range of sectors.”
