QFC, US-Qatar Business Council Ink MoU to Bolster Bilateral Business

Doha, February 27 (QNA) - The Qatar Financial Centre (QFC) Authority signed a Memorandum of Understanding (MoU) with the US-Qatar Business Council (USQBC) to expand collaboration between the two organizations and promote business between the United States and Qatar. QFC said in a statement today that the agreement lays the groundwork for the development of strategic initiatives aimed at benefitting both QFC-licensed firms and USQBC members. The MoU will expose American financial and professional services firms to the QFC's world-class platform for doing business in Qatar and the Middle East, North Africa and South Asia (MENASA) region, the statement added. It additionally provides a powerful avenue for firms operating at the QFC to pursue new business and engage with key partners in the U.S. The USQBC counts prominent Qatari and Fortune 500 companies among its members, who benefit from USQBC's programming, advice and counsel in seeking bilateral business opportunities, according to QFC. Commenting on the deal, QFC Authority CEO Yousuf Mohamed Al Jaida said: "This agreement is the latest step by QFC to support the growth of our licensed firms and facilitate the expansion and diversification of the Qatari private sector. Cross-sector collaboration of this sort has been, and will continue to be, central to the success of QFC and the companies we serve." For his part USQBC's Managing Director, Mohammed Barakat said: "Creating a world-class business environment for companies operating or interested in operating in Qatar is a goal shared by both the USQBC and QFC. With the signing of this agreement, our likeminded organizations commit to deepening collaboration and seizing new opportunities for the Qatari and American private sectors." (QNA)