QFC, MEEZA Sign MoU to Boost Partnership in Digital Services

Doha, January 29 (QNA) - Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), signed a Memorandum of Understanding (MoU) with MEEZA, the leading provider of managed IT services and solutions in Qatar, to foster sustained growth within country’s tech ecosystem.
    Under this partnership, the QFC will introduce firms registered on its platform to the wide variety of services offered by MEEZA at special and competitive rates. These services include data centre services, Cloud services, managed IT services, cyber security services, IT solutions, IT security services and more.
    The MoU also intends to promote closer collaboration between the two entities to boost innovation and the exchange of knowledge and expertise. In addition, both parties will jointly organize and host events and launch initiatives of mutual interest in line with their respective strategic goals.
    Chief Executive Officer, QFC, Yousuf Mohamed Al Jaida, emphasized the significance of the collaboration, stating, "Financial services, along with fintech, are among our key focus areas. This strategic partnership with MEEZA will enhance our clients’ IT capabilities by providing them access to first-rate digital solutions and highly resilient and reliable data centres that MEEZA provides to various business sectors. This collaboration will contribute to Qatar’s efforts in digital transformation, cyber security, and data protection domains."
    Acting Chief Executive Officer, MEEZA, Mohsin Nasser Al Marri, said: We are thrilled to embark on this strategic collaboration with the Qatar Financial Centre Authority (QFCA), which marks a significant milestone in advancing Qatar’s digital landscape. By joining forces with QFC, we aim to provide unparalleled IT solutions to businesses registered on the QFC platform, further accelerating their digital transformation journey. This partnership underscores our commitment to fostering innovation, knowledge exchange, and the growth of Qatar’s technology ecosystem. We look forward to a fruitful collaboration that will contribute to Qatar National Vision 2030 for a robust and secure digital future."
    The QFC is an onshore business and financial center located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows up to 100 percent foreign ownership, 100 percent repatriation of profits, and charges a competitive rate of 10 percent corporate tax on locally sourced profits. The QFC welcomes a broad range of financial and non-financial services firms.
    MEEZA QSTP-LLC (Public) is an established end-to-end managed IT services and solutions provider founded in Qatar Science & Technology Park (QSTP), that aims to accelerate the growth of the country and the region through the provision of world-class services and solutions, while providing the Qatari people and others throughout the region with opportunities to undertake fulfilling careers in the IT industry. 
    The company has five Tier III certified data centers, known as M-VAULTs, offering a guaranteed uptime of 99.98 percent built to comply with the most exacting international standards enabling businesses to benefit from greater efficiencies and reduce risks. (QNA)