Key MoUs signed with Paris EUROPLACE and Finance Innovation to strengthen Qatar's digital sector

The partnerships follow the launch of the QFC's new strategy, which focuses on developing the digital industry, as well as other sectors

The QFC CEO and Managing Director of Business Development addressed audiences at the WISE@Paris Summit

The Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, signed two Memoranda of Understanding (MoU) with Paris EUROPLACE and Finance Innovation, to support the growth of Qatar's booming digital industry.

Paris EUROPLACE is responsible for promoting and developing the Paris financial marketplace. Finance Innovation was launched by the French Ministry for the Economy and Finance in 2007 to stimulate the Paris financial centre, and encompasses 480 member organisations and companies.

The agreements aim to support the development of the digital industry in Qatar, the exchange of expertise in innovation trends, cross-promoting start-ups in France and Qatar, as well as developing appropriate incentive packages to attract international and local companies operating in the digital and technology industry to establish a long-term presence in Qatar.

The signing ceremonies were attended by H.E. Sheikh Ali bin Jassem Al Thani, Ambassador for the State of Qatar to France, Yousuf Mohamed Al-Jaida, CEO, QFC Authority, Sheikha Alanoud Bint Hamad Al-Thani, Managing Director, Business Development, QFC Authority, as well as other QFC officials and high-level executives of Paris EUROPLACE and Finance Innovation.

Additionally, QFC officials addressed the audience of the WISE@Paris Summit, which is a Qatar Foundation Initiative. The event gathered 800 French, European and international stakeholders, among them political decision makers, social entrepreneurs, innovators, NGOs and students, to discuss and collaborate on actionable and innovative solutions in education, and was sponsored by the QFC.