(MENAFN - The Peninsula) The Peninsula
Doha: Ooredoo has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre (QFC) as part of the Ooredoo programme for business Innovation and partnerships development.
The MoU was signed by Ooredoo Chief Operations Officer, Yousuf Abdulla Al Kubaisi, and QFC Authority's Chief Executive Officer, Yousuf Mohamed Al Jaida, at a ceremony held last week at the Ooredoo's headquarters in West Bay, in the presence of several senior executives from both parties.
The MoU is intended to create a mutually beneficial relationship between Ooredoo and QFC to leverage the extensive expertise and experience on both sides.
The two entities plan to work together on a number of initiatives including an incubator strategy, digital cluster activities and the creation of joint working groups in several digital areas including Internet of Things and data science. There will also be dual cross-selling activities and other joint activities such as conferences and seminars.
Companies under QFC will also benefit from ICT packages created by Ooredoo to suit their needs.
On Ooredoo's part, the MoU is intended to promote the telco giant as a thought leader internationally and increase positive market recognition with events, seminars and other relevant activities.
Speaking about the MoU, Yousuf Abdulla Al Kubaisi said: 'We're delighted and proud to have signed this Memorandum of Understanding with Qatar Financial Centre. There is a wealth of talent on both sides that can be leveraged to benefit both sides, and we look forward to a long and fruitful relationship for both entities.
Yousuf Mohamed Al Jaida, said: 'The QFC's Memorandum of Understanding with Ooredoo follows our recently announced strategy which focuses on key sectors including digital as well as others that are poised for significant growth.
Our MoU with Ooredoo is, therefore, an important step in supporting Qatar on its path towards becoming a renowned international digital hub, and we are excited to see the great accomplishments that will undoubtedly result from this agreement.