Asian Firms in Discussion with QFC on Business Opportunities in Qatar

4 Nov 2019

Doha, Qatar

The Qatar Financial Centre Authority (QFCA) have today announced that there has been a 41% increase in new firms that have registered under the QFCRA for H1 (1st January to 30th June 2017) compared to H1 in 2016.

 

The newly registered firms come from a wide variety of sectors including information technology, education and training, events and PR, advisory and consulting.

 

The bulk of firms that have registered with the QFCA so far in 2017 are from Qatar as well as a vast increase in European firms. There have also been a number of firms from the MENA and Asia Pacific regions

 

Commenting on this positive development, Yousuf Al Jaida, CEO of the QFC Authority said:

Crédit Agricole CIB and VakıfBank on the QFC platform represent a great milestone in our efforts to attract leading financial institutions to Qatar and deliver on our financial services strategy, a sector we have been pursuing more aggressively since announcing our 2022 strategy last year.

Crédit Agricole CIB and VakıfBank join 12 other banks already licensed on the platform, and this is testament to both the QFC's ongoing efforts in promoting economic diversification and to the continued international confidence in expanding to the Qatari market.

Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC

He added: "The growth in new firms registering is testament to the QFC platform being the best choice in the Middle East for firms looking to expand their business. I am positive that the second half of 2017 will be just as successful for the QFC as business continues as usual."

 

The QFC have in recent months conducted roadshows in Singapore, Hong Kong, London, Manchester and Germany, these events have also helped raise the QFC's profile to international audiences.

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