Doha, June 09 (QNA) - Qatar Financial Center (QFC) signed six memorandum of understanding and a letter of intent with reputable Russian institutions in the fields of investment, technology and innovation, on the sidelines of the 24th edition of the St. Petersburg International Economic Forum 2021.
The signed agreements aim to encourage investment in the growing business environment in the State of Qatar, as all the memorandum of understanding that were signed focused on strengthening long-term trade and investment cooperation between Qatar and Russia.
Among the institutions with which Qatar Financial Center has concluded agreements were the Moscow Innovation Cluster, the Internet Initiatives Development Fund (IIDF), QR Sports, the Russia Business Foundation, the Qatar-Russia Investment & Trade Advisory and the Rosscongress Foundation. Qatar Financial Center also signed a letter of intent to cooperate with Skolkovo Foundation.
Commenting on the signing of the MoUs, CEO of QFC Yousuf Mohamed Al-Jaida, said that the QFC seized this opportunity at the St. Petersburg International Economic Forum 2021 to contribute to supporting the continuous flow of expertise and innovation in the two most expanding business scenes in Qatar and Russia.
Al-Jaida said that these new agreements also contribute to expanding the network of relations with international actors, playing a vital role in building long-term close relationships between institutions in both countries, and allowing more Russian companies to participate in the booming business scene in Qatar.
Members of the QFC delegation to the forum also exchanged views on developments in the commercial field in Qatar, bilateral trade relations between the two brotherly countries, changes in the global economic landscape, growth opportunities in the post-Coronavirus pandemic recovery phase, and the best ways in which companies can build lasting partnerships.
On the sidelines of the S.t Petersburg International Economic Forum 2021, Qatar Financial Center held an event in partnership with the Russia Business Foundation entitled "Digital Transformation of Business" to highlight the latest developments in the digital sector globally in light of the Coronavirus pandemic, and the most important repercussions for companies and institutions and the huge opportunities available in Qatar, which Russian companies can take advantage of to enter the local market.
During the forum, the Managing Director of Business Development at Qatar Financial Centre (QFC) Authority Sheikha Alanoud bint Hamad Al-Thani, participated in an open panel discussion organized by the Qatar Investment Promotion Agency entitled "Gender Equality in Corporate Governance: Sustainable Development and Profit Growth", during which she shed light on how commercial entities in Qatar and Russia can provide support to companies in their growth journey.
The Managing Director, Financial Sector Office at the QFC Authority Henk Jan Hoogendoorn, also participated in the opening session of the forum entitled "IFC and Environmental, Social Policies and Government: Rethinking the Mission of Financial Centers."
For her part, the CEO of Marketing and Corporate Communications at the Qatar Financial Center Sarah Al-Durani, participated in the TEDx St. Petersburg seminars that were held on the sidelines of the forum,
where she focused on the development and increase of cultural communication in light of the changes caused by the Coronavirus pandemic and the continuous digital transformation in the global business scene.
For his part, the Vice President-Financial Services at the Qatar Financial Center Sheikh Fahad Jassim Al-Thani, spoke during a panel discussion entitled "Innovative Financing and Partnerships for Education" organized by Education Above All Foundation, about the latest developments in the field of education financing, and the role of the broader financial sector and how targeted regulations can contribute to strengthening the role of finance in education globally. (QNA)