The Qatar Financial Center Authority, the legal and tax arm of the Qatar Financial Center, signed a memorandum of understanding with the Hong Kong Trade Development Council, and an initial conditions agreement with the Hang Singh Indicators Company Ltd. These partnerships, which were held during the visit of the main entrepreneurial delegation of China to Doha on May 11 and 12, are an important step in enhancing trade, investment and financial cooperation between Qatar and Hong Kong.
The Memorandum of Understanding with the Hong Kong Trade Development Council determines the framework of cooperation to exchange information and experiences in sectors of common concern, and to facilitate the process of entering companies from both countries to the Qatar and Hong Kong market, in addition to cooperation in organizing and supporting commercial activities, such as forums and exhibitions, and mutual promotion of initiatives through the digital platforms for both sides.
The Memorandum of Understanding also includes promoting the services provided by Qatar to the business sector and attracting investments through the platforms of the Hong Kong Trade Development Council, facilitating the entry of companies coming from Hong Kong to the Qatari market and providing the necessary support and guidance through the Qatar Financial Center.
The initial conditions agreement between the Qatar Financial Center and the Hang Singh Poetry Company Ltd. determines the joint efforts to enhance their business in both countries, during the involvement of the stakeholders and the benefit of the communication networks and platforms of both parties.
“These partnerships with the Hong Kong Trade Development Council and the Hang Singh Pethods Ltd. are an important step in our efforts to consolidate our strategic relations with Hong Kong and strengthen the global presence of the State of Qatar,” said Mr. Youssef Mohamed Al -Jaida, CEO of the Qatar Financial Center. By enhancing cooperation in trade and investment and the development of capital markets, we open new prospects for growth and innovation in a way that reflects positively on the economy of both countries.
For his part, Mr. Peter Lam, the regional head of the Hong Kong Trade Development Council, affirmed the commitment of the Hong Kong Trade Development Council to facilitate and enhance economic cooperation and create opportunities for companies in both regions. He added: “The contract of strategic partnerships contributes to the consolidation of relations, which opens a wide range of cooperation between the two sides.”
