Qatar - QFC wraps up a successful year

The Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has wrapped up a successful year as it attracted companies from different geographies and sectors, signed several important agreements and hosted many high-level event in 2021. 

The number of registered firms on QFC's platform crossed over 1450, exceeding its target of registering 1,000 companies by 2022. QFC witnessed significant growth in 2021 and demonstrated resilience to navigate extreme economic times, turning these unprecedented conditions into another successful year.

“We reached over 1,452 registered firms to date, surpassing our target of 1,000 companies by 2022,” said QFC on one of its social media sites.

By attracting companies from across the world, QFC is playing a key role in further advancing economic diversification in the country. Last year was also a busy period for QFC as it organised several important events.

The year 2021 was also a year of forging new ties with organisations and companies. QFC signed a total of 20 Memoranda of Understanding (MoU) last year. On top of the MoUs signed with Russian firms during the 24th 24th St. Petersburg International Economic Forum (SPIEF), QFC also forged partnerships with the Ministry of Justice (MoJ), Qatar Central Securities Depository, the Supreme Committee for Delivery & Legacy, Qatar Credit Bureau, Qatar Museums, Ooredoo Qatar, Qatar Development Bank, Qatar Research and Development Institute, the Institute of Chartered Accountants of India, Rwanda Finance, and Labuan International Business and Financial Centre.

“We hosted, sponsored, and attended over 120 hybrid and in-person events, signed 20 MoUs, and welcomed 18 delegation visits,” it said.“We welcomed the establishment of the MoJ real estate registration and authentication office at QFC, as well as the French multinational bank Société Générale's, the Presidency of the Republic of Turkey's Finance and Investment Office, and NEBIX LLC,” it added.

In 2021, QFC organised over 50 virtual, hybrid and in-person events, engaging members of business communities in Qatar and other countries to explore mutually beneficial investment opportunities and collaborations and to discuss critical topics that help businesses navigate the global market. Additionally, QFC participated in more than 70 local and international events, such as the International Conference on Islamic Finance (ICIF), 24th SPIEF, and the inaugural Qatar Economic Forum.

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