The Qatar Financial Center (QFC) has showcased the country's Fintech strategy and the opportunities available for the UK and Qatar Fintech firms, apart from the growing scope for asset management firms in Doha.
This was highlighted by the QFC at the recently held Qatar Day, which was recently hosted by the City of London Corporation, in partnership with the UK’s Department for International Trade and Qatar Central Bank (QCB).
The inaugural event saw around 120 C-level executives and senior representatives from the UK and Qatar’s key national and financial services institutions that included Qatar Development Bank (QDB), QCB and Qatar Financial Markets Authority come together in the city of London.
The event focused on asset management, capital markets, Fintech and cyber security. Discussions at the event highlighted Qatar’s strong economic performance and the recognition of the Qatari capital market as “the best and most important” financial market in the Arab region and “one of the top 10 financial markets in the world”, according to The World Economic Forum’s Global Competitiveness Report 2017-18.
“The UK is one of Qatar’s most valued strategic business partners, and the QFC’s mandate is an integral part of the country’s strategic initiative to build, develop and diversify the business environment to drive foreign investment into the Qatari market," said Yousuf Mohamed al-Jaida, CEO, QFC.
He said the QFC client base which includes close to 100 UK firms, continues to benefit from its unique business ecosystem.
“Qatar Day has been a valuable platform to focus on how the UK and Qatar can support the Fintech and Islamic finance capabilities in our respective markets, and I am confident that this is only the beginning of stronger future collaborations that will boost Qatar’s standing as the region’s Fintech hub,” according to him.
The QFC also hosted the Qatar-UK Fintech Roundtable on the sidelines of the event, in partnership with QDB and Refinitiv. The roundtable, which was attended by senior executives of key Fintech entities, focused on Qatar’s national Fintech strategy and the opportunities available for UK and Qatar Fintech firms.