QFC serves as beacon of investment and enabler of economic growth in Qatar

Qatar Financial Centre (QFC) serves as a beacon of investments and an enabler of economic growth in Qatar, noted a top official of QFC.

With its unique characteristics, its seeks to enhance Qatar’s position as an attractive and rewarding destination for companies looking to expand their operations in the Middle East.

QFC’s role in not limited to contributing to the diversification of the Qatari economy through the hundreds of companies operating under it; it also contributes toward achieving Qatar National Vision 2030 and transforming the Qatari economy into a knowledge-based economy.

QFC is the home of approximately 670 companies that operate across different sectors including financial services, media, technology, sports, consultancies, and many others. These companies range from corporate banks, and holding companies, to professional service companies and special purpose companies. The total assets under the management of the businesses registered on the QFC platform have exceeded $20bn. Companies registered on QFCs platform come from around the world including Qatar, the US, the UK, India, France, Switzerland, China and many others.

QFC aims to inject even more investments and foreign capital into the Qatari economy, according to H E Sheikha Alanoud bint Hamad Al Thani, Managing Director of Business Development at QFC.

Sheikha Alanoud said, in exclusive statements to QNA: “We recently announced a new strategy which includes a renewed focus on specific service industries including digital, media, sports, and financial services.

Additionally, our new strategy also focuses on further developing partnerships as part of a New Emerging Belt Initiative (NEBI), an economic corridor that focuses on building strategic alliances with markets such as Kuwait, Oman, Turkey, Pakistan and India.”

She added that these new emerging markets have been identified because they possess a large potential for future growth, especially considering that their combined GDP is estimated to be approximately $2.1 trillion, with total global FDI from these markets exceeding $150bn.

QFC has already taken significant steps to activate their new strategy. The Center signed numerous partnerships with key stakeholders in each of its new focus clusters.

Source from: The Peninsula