QFC Discusses FDI Opportunities at Davos 2020
The Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, inked a Memorandum of Understanding (MoU) with the Special Adviser to the UN Secretary-General.
The MoU was signed by Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC and Dr. Ahmed Al Meraikhi, Special Adviser to the United Nations Secretary-General, in the presence of officials from both parties on the sidelines of Doha Forum, the region's leading annual policy and business conference.
The MoU, which builds on an agreement signed between both parties signed in May, will see increased collaboration between the QFC and the Special Adviser of the UN Secretary-General and aims to assist with the promotion of humanitarian challenges, raise awareness amongst the greater business community, and increase mobilisation of Qatar's private sector on key global humanitarian issues.
Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority
Creating an infrastructure to enable an efficient business environment and introducing regulatory amendments are indispensable in attracting FDI into Qatar and this is what we have been doing over the past two years. Moreover, at the QFC we have a legal environment that operates under the English common law, with a tax system in accordance to the international best practices in addition to our own court system.
He added: "Qatar's private sector, as a major contributor to the development and prosperity of our country, should assume a social responsibility for the betterment of this Nation and beyond. The QFC is committed to engaging with its extensive business network to better serve humanity and act as an agent of social change."
Dr. Ahmed Al Meraikhi, Special Adviser to the United Nations Secretary-Genera
"In 2020, nearly 168 million people will need humanitarian assistance and protection. This represents 1 in about 45 people in the world and is the highest figure in decades. With the scale of humanitarian needs fast outpacing the ability of traditional actors to respond, it is more important than ever to engage business in humanitarian action and to deliver innovative and efficient solutions. The QFC has demonstrated strong leadership both within Qatar in private sector engagement but also at a global level showing immense commitment towards achieving the Sustainable Developments Goals and helping those most in need."