The Investment Promotion Agency announced the signing of a memorandum of understanding with SOIN, a company specialized in software solutions and information technology, to support its entry into the Qatari market and establish its regional operations from Doha.
The partnership aims to cooperate in the fields of artificial intelligence and modernizing institutional systems, to support digital transformation in vital sectors in the country.
The memorandum was signed by Sheikh Ali bin Al Waleed Al Thani, CEO of the Investment Promotion Agency, and Mr. Mariano Villalta, Regional Director of Swain, on the sidelines of the “MWC26 Doha” conference.
According to Swain’s business plan in the State of Qatar, its total capital and operating spending is expected to reach about 197 million Qatari riyals (54 million US dollars) over a period of five years, and to provide about 120 job opportunities by the end of this period.
Within the framework of this partnership, the company intends to provide its advanced solutions in artificial intelligence and its expertise in enterprise technology to the Qatari market, to support institutions in vital sectors including banking and financial services, communications, healthcare, retail trade, and government and public services.
These solutions will help organizations modernize their complex systems, automate their operations, and increase their operational efficiency.
Under the memorandum of understanding, the Investment Promotion Agency will work to support the establishment of Swain’s business in the State of Qatar and expand its regional presence, by facilitating its access to business opportunities and linking it with strategic partners and relevant parties, allowing it to benefit from the competitive advantages of the business environment in the country and enhance its growth opportunities in the region’s markets.
Sheikh Ali bin Al-Waleed Al Thani, CEO of the agency, said: “Swain’s decision to establish its operations in Qatar reflects the country’s growing attractiveness as a strategic center for global technology companies seeking to expand into the region’s markets.”
The company’s activities and investments in artificial intelligence and modernizing institutional systems are expected to contribute to supporting the transition towards a knowledge-based economy, raising operational efficiency and enhancing the competitiveness of public and private sector institutions.
