MOTC QFC Sign MoU to Boost Digital Tech Industry Development

Wednesday, January 9, 2019
MOTC QFC Sign MoU to Boost Digital Tech Industry Development

Doha - Qatar

The Ministry of Transport and Communications (MOTC) and the Qatar Financial Centre signed a MoU for cooperating in all areas related to the technological and economic development of the State of Qatar and the development of a culture of innovation and entrepreneurship in all sectors of society.

Signed at MOTC offices today, the MoU aims at supporting the activities or projects that help raise the digital industry’s contribution to the Qatari GDP.

The two parties will also work together on improving the competitiveness of the local digital sector and supporting the activities aimed at attracting local and international investments and companies.

The MoU was signed by MOTC’s Assistant Undersecretary for Digital Society Development Affairs Ms. Reem Al-Mansoori and QFC CEO Mr. Yousuf Mohamed Al-Jaida.

As per the MoU, the two parties intend to support digital development in the field of information and communication technology and its adoption in Qatar for high priority segments of society such as the youth, entrepreneurs, startups, SMEs and others.

The MoU has special areas of focus. All of them fall in the context of developing the digital and technological industry as well as the programs and projects that MOTC executes toward that end such as the Smart Qatar Program (TASMU) and relevant innovation and research areas through the exchange of knowledge among stakeholders.

Economic development is also another area of focus through promoting and attracting global e-commerce and e-commerce related technology companies and driving digital investments in Qatar jointly through initiatives the two parties organize.

“We are delighted to have signed this MoU with QFC, which comes within the context of MOTC’s digital industry competitiveness enhancement mechanisms, through boosting entrepreneurship, research and innovation. This MoU will offer a significant platform for constructive cooperation and a broader and more pragmatic coordination toward what we aim for,” said Ms. Al-Mansoori.

“The State of Qatar,” she added, “is committed to building a smart, vibrant and robust ICT sector as one of the fundamentals for a knowledge-based economy. Today’s MoU is a key step toward benefiting from QFC’s expertise and visible support for Qatar’s digital and technological industry agenda.”

We will work together to improve potential and competitiveness through the TASMU Digital Valley, specialized e-commerce programs and Smart Qatar Program TASMU, she noted.

Mr. Al-Jaida said; “We are proud to work closely with the Ministry of Transport and Communications to further advance the technological and economic development of Qatar. By increasing the digital industry’s contribution to Qatar’s GDP we can help improve the competitiveness of the sector, thereby attracting both local and international investments, which remains the key mandate of the Qatar Financial Centre.”

“I am confident that this valued partnership will further support our efforts towards realizing the goals of the Qatar National Vision 2030, in particular, the economic development pillar which emphasizes economic diversification, in which the digital sector plays a crucial role,” he added.