Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), a leading onshore financial and business center in the region, and the American Chamber of Commerce Qatar (AmCham Qatar) have signed a Memorandum of Understanding (MoU) to enhance bilateral trade and investment relations between the two countries.
The MoU was signed by Sheikha Alanoud Bint Hamad Al-Thani, Deputy CEO and Chief Business Officer, of QFC, and Ms. Brooke Holland, Executive Director, of AmCham Qatar, on the sidelines of the fifth Qatar-US Strategic Dialogue.
Under the MoU, both parties will work to promote QFC as an ideal financial and business platform for foreign financial investments, provide necessary support and facilities to American companies interested in doing business in Qatar, and organize events and initiatives to serve the common trade and investment goals of the two sides.
“The QFC plays a pivotal role in strengthening the 50 years bilateral trade and investment relations between Qatar and the United States and sustaining the countries’ strategic partnership. Our efforts in building on these rewarding bilateral ties are reflected in the steadily increasing number of U.S. firms registering on the QFC platform, which has reached 115. Among them are Goldman Sachs Group, Mastercard, Uber, and Oracle.”
Ms. Holland said that “This MoU continues to show the importance of private-sector collaboration. The American business community is a key stakeholder in the shared US-Qatar economic success, and local partnerships with organizations, such as QFC, allow us to provide resources and support to companies considering Qatar as their next market.”
Sheikha Alanoud also participated in the ‘Economic and Commercial Co-operation Session’ organized on the sidelines of the fifth US-Qatar Strategic Dialogue, where she talked about the importance of empowering and involving Qatari women in decision-making processes and vital areas of economic affairs and the impact of such inclusion on developing societies and in building a sustainable and diversified knowledge-based economy.