A delegation from the Qatar Financial Centre (QFC), one of the world’s leading and fastest growing business and financial centres, held a number of high-level meetings with government and private sector representatives in the Sultanate of Oman.
QFC delegates met with H E Dr Ali Al Sunaidy, Minister of Commerce and Industry; H E Yahya Al Jabri, Chairman of the Special Economic Zone Authority Duqm (SEZAD) and Chairman of Capital Market Authority; H E Sheikh Abdulla Al Salemi, CEO of Capital Market Authority and H E Abdul Salam bin Mohamed Al-Murshidi, CEO of the State General Reserve Fund (SGRF). A dedicated meeting was also held for selected businessmen and members of the Governmental Private Sector Partnership Group.
Leading the delegation, Yousuf Mohamed Al Jaida (pictured), Chief Executive Officer, QFC Authority, said: “There has never been a more important time to further regional partnerships, and this high-level visit to the Sultanate of Oman is representative of our efforts to build upon and expand business ties between our countries. The meetings provided us with the opportunity to discuss the manners in which we can collaborate for our mutual benefit and allowed us to showcase the growing number of opportunities available in Qatar’s booming market.”
The recent meetings in Oman come as part of the QFC’s continued efforts to promote Qatar as a lucrative destination for companies looking to expand their operations to the Middle East and tap into Qatar’s multibillion dollar infrastructure programme.
Despite the regional challenges, 2017 was one of the most successful years for the QFC, recording a 66% increase in new firms being licensed year on year (01 January to 31 December 2017). The total number of firms on the QFC platform reached 461 (as at 31 December 2017), compared to 348 firms at end of December 2016, marking a 32.5% increase year-on-year. Currently, the QFC has 485 firms on its platform (as at 01 March 2018).