QC, QFC Sign MoU To Boost Private Sector Growth

In a significant step toward strengthening Qatar’s business ecosystem and enhancing the role of the private sector in sustainable development, Qatar Chamber (QC) and Qatar Financial Centre (QFC) signed a memorandum of understanding (MoU) on Thursday, May 14, aimed at expanding cooperation in attracting global investments, expertise, and advanced technologies to the Qatari market.

The signing ceremony was held at the headquarters of the Qatar Financial Centre in Doha and was attended by Sheikh Khalifa bin Jassim bin Mohamed Al Thani, chairman of Qatar Chamber, along with senior officials and board members from both organisations.

The MoU was signed by Ali Bu Sherbak Al Mansori, Acting General Manager of Qatar Chamber, and Mansour Rashid Al Khater, Chief Executive Officer of Qatar Financial Centre. The ceremony was also attended by Mohammed bin Twar Al Kuwari, First Vice Chairman of Qatar Chamber, Rashid bin Hamad Al Athba, Second Vice Chairman, and several members of the chamber’s board of directors.

The agreement reflects the shared commitment of both institutions to creating a more dynamic and supportive business environment that contributes to the growth of Qatar’s economy and aligns with the country’s long-term development objectives.

Speaking on the occasion, Ali Bu Sherbak Al Mansori said that the agreement embodies the strong and ongoing cooperation between Qatar Chamber and Qatar Financial Centre in supporting the business community and reinforcing partnerships between the public and private sectors.

He noted that the collaboration is expected to play an important role in serving the interests of the private sector and supporting the continued growth and diversification of the national economy.

Al Mansori further stressed that the partnership would contribute to improving the investment climate in Qatar by facilitating cooperation, encouraging innovation, and creating new opportunities for companies seeking to establish or expand their operations in the country.

Commenting on the agreement, Mansour Rashid Al Khater, Chief Executive Officer of QFC, said the partnership demonstrates the shared commitment of both entities to empowering the private sector and supporting the wider business community.

“This partnership with Qatar Chamber of Commerce & Industry reflects our shared commitment to empowering the private sector and supporting the business community. Together, we aim to foster a more efficient and flexible environment for companies operating in Qatar, further strengthening the country’s position as a leading regional hub for business and investment,” he said.

He added that the collaboration would help enhance the competitiveness of Qatar’s economy and support economic diversification efforts in line with Qatar National Vision 2030.

The MoU outlines several areas of cooperation between the two sides, including the organisation of joint events, conferences, workshops, and seminars aimed at promoting investment opportunities and strengthening engagement with the business community.

The agreement also focuses on promoting initiatives and activities of mutual interest, while coordinating efforts to facilitate foreign direct investment and strengthen economic cooperation within Qatar.

As part of the partnership, companies registered under the Qatar Financial Centre platform will gain access to a range of services provided by Qatar Chamber. These include the issuance of certificates of origin and certification of commercial documents in accordance with the Chamber’s approved procedures, further streamlining business operations for firms operating through the QFC framework.

The collaboration is expected to provide additional support for international companies seeking to enter the Qatari market, while also helping local businesses connect with global investors and expertise.

On the sidelines of the signing ceremony, Qatar Financial Centre delivered a detailed presentation outlining the Centre’s role in supporting business growth and investment in Qatar. The presentation highlighted the services offered by QFC, along with the incentives and advantages available to companies operating under its platform.

The presentation also showcased QFC’s contribution to enhancing Qatar’s attractiveness as a regional and international business destination by offering a competitive legal, regulatory, tax, and business environment.