HKGCC and QFC Sign MOU to Expand Cooperation
HKGCC and the Qatar Financial Centre (QFC), signed a Memorandum of Understanding (MOU) on 9 July to promote trade, investment and collaboration between Hong Kong and Qatar. Signed by Chamber CEO Shirley Yuen, and Managing Director, Business Development, QFC Authority, Sheikha Alanoud Bint Hamad Al-Thani, both parties expressed their hopes for broader collaboration and interaction between Hong Kong and Qatar.
“The Gulf Region has long been a key market for Hong Kong companies, and it is also at the crossroads of the very important Belt & Road Initiative,” said Yuen. “We look forward to working with QFC through this MOU to help businesses expand their trade, investment and understanding of the rapidly diversifying Qatari economy to capture more opportunities in the country.”
The QFC, located in Doha, is one of the world’s leading and fastest growing onshore business and financial centres. Al-Thani said Hong Kong and Qatar have enjoyed strong bilateral relations for many years and this agreement is testament to these historical ties.
“Through this MOU, we are also broadening the capacity of the QFC to create even more business prospects for organisations based in Qatar and Hong Kong, while paving the way for more avenues for mutually beneficial collaboration. I am confident that we will witness significant progress as a result, and look forward to the many opportunities that will result from our combined efforts,” she said.
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