The Qatar Financial Centre, one of the world's leading and fastest growing onshore business and financial centres, has inked a Memorandum of Understanding (MoU) with Microsoft, during Qatar's Information and Communication Technology Exhibition and Conference (QITCOM).

The MoU was signed by Yousuf Mohamed Al Jaida, Chief Executive Officer, QFC and Lana Khalaf, Country Manager, Microsoft Qatar, in the presence of both of the companies' officials.

The MoU will facilitate strategic cooperation across business activities and knowledge-sharing in an aim to attract international digital and IT businesses and firms to Qatar. As part of the agreement, the two entities will jointly work on a host of initiatives aimed at supporting Qatar's smart country transformation and enhancing Qatar's digital competitiveness.