[ad_1]
The mid-year progress document of Qatar Monetary Centre (QFC), a number one onshore monetary and enterprise centre within the area, has revealed investor confidence in Qatar’s flourishing digital sector.
Among the many 152 companies registered on the QFC platform in the course of the first half of the 12 months, 25% comprised digital companies. The comparatively excessive share of newly registered digital firms on the platform displays QFC’s deal with growing the sector.
Equally, finance, one other QFC focus cluster, witnessed noticeable progress comprising 16 % of the general variety of companies that joined the corporate throughout the identical interval.
The half-year progress document additionally affirms QFC’s continued efforts to extend funding circulation into the nation and diversify the financial system. A complete of 48 nations have been represented by the companies registered with the QFC from January 1 to June 30, 2022, primarily from the Center East, Asia, and Europe. They function in several sectors, together with media, sports activities, actual property, retail, logistics, well being, training, and power, apart from digital and finance.
A notable success of the corporate within the first half of 2022 is introducing the primary sustainable framework for Sukuk and bonds within the GCC. The QFC Sustainable Sukuk and Bonds Framework integrates globally accepted rules with Qatar’s environmental and social goals expressed within the Qatar Nationwide Imaginative and prescient 2030. It promotes best-in-class practices inside the capital market that result in a sustainable financial system.
QFC additionally noticed important developments in forging partnerships, having signed 5 Memoranda of Understanding (MoUs) with outstanding worldwide organisations in the course of the first half of the 12 months, together with Malaysia Digital Economic system Company (MDEC), Worldwide Monetary Providers Centres Authority (IFSCA), Astana Worldwide Monetary Centre Authority (AIFCA), Bayt.com, Founder Institute, and Integrated (FI).
As well as, QFC signed a non-binding Letter of Intent with Atlas Service provider Capital to ascertain a world funding platform to offer liquidity to monetary establishments and credit score markets for resolving distressed property.
As a thought chief within the financial and enterprise spheres, QFC remained energetic in native and worldwide occasions, together with in high-profile boards and conferences, such because the World Financial Discussion board Annual Assembly in Davos, Hannover Messe, and Qatar Financial Discussion board.
Notable worldwide and native media retailers, together with Monetary Occasions, Bloomberg, Euronews, and Headspring Government, additionally featured the QFC and members of its administration staff, affirming QFC’s authority in discussions regarding Qatar’s financial system and enterprise ecosystem, in addition to world financial traits.
In keeping with selling Qatar as a extremely promising funding vacation spot within the Center East and fascinating the native and worldwide enterprise group in significant conversations, QFC hosted and attended 59 in-person and digital occasions, together with roundtables in Berlin and Munich.
The occasions stimulated discussions on world financial developments, rising traits, and the numerous alternatives current in Qatar, notably for firms working within the Finance, Digital, Sports activities, and Media sectors.
QFC CEO Yousuf Mohamed al-Jaida stated, “Our achievement within the final six months demonstrates QFC’s dedication to Qatar’s financial diversification and reinforces the adoption of internationally recognised frameworks in doing enterprise. This progress additionally mirrors Qatar’s financial power and resilience as many extra companies recognise our platform and the Qatari market as a world enterprise hub and a super location to increase within the area.”
By the top of June 2022, QFC has registered over 1,500 companies, making a extra vibrant enterprise surroundings, elevating abilities, enriching information, and driving financial progress.
[ad_2]
Source link
