Fahad Al Dosari, Business Attaché for the Embassy of Qatar within the US, has argued that the Center Jap monetary hub is likely one of the world’s most steady economies.
Dosari, whose statements got here throughout a digital panel dialogue that coated Qatar’s evolving Fintech sector and associated enterprise alternatives (on June 23, 2020), acknowledged:
“Under the leadership of His Highness the Emir Sheikh Tamim bin Hamad Al Thani, all of Qatar’s government agencies are committed to supporting US investment in the region and making Qatar a fintech hub for the Middle East.”
Qatar is well-established as a significant monetary hub within the Center East. The nation has launched progressive legal guidelines that assist its emphasis and deal with embracing fee improvements whereas adopting the newest Islamic monetary companies.
As reported in January 2020, the Qatar Monetary Middle stated it recorded 33% development in 2019 with over 800 Fintech, IT, tax, and funding consulting corporations now a part of the group.
As famous in a launch shared with Crowdfund Insider:
“Set forth by the Qatar Central Bank (QCB), the National Fintech Strategy aims to support the burgeoning sector in partnership with several key local stakeholders including the Qatar Financial Centre (QFC) and the Qatar Development Bank (QDB).”
The nationwide Fintech Technique will intention to enhance digital funds platforms, cash administration, lending, and varied different monetary trade segments.
Yousuf Al-Jaida, CEO of QFC, remarked:
“Qatar’s Fintech strategy continues to accelerate local and international Fintechs in Qatar. QFC has long recognized that Qatar’s Fintech sector is booming with opportunity.”
“[COVID-19 related challenges] not only highlight the importance of tech and fintech, but also accelerates adoption and development. We will continue in our efforts to enrich and develop the tech and fintech infrastructure in Qatar as an enabling platform and look forward to seeing more international FinTechs, including those from the US, easily integrate into Qatar’s thriving ecosystem via QFC’s FinTech license and wide range of benefits.”
As reported not too long ago, the Qatar Fintech Hub (QFTH), co-founded by Qatar Improvement Bank (QDB), is planning to encourage and assist multinational Fintech corporations to determine operations within the Center Jap nation.
The “future is bright” for Qatar’s Fintech Companies that may survive COVID-19 and associate with incumbents, based on current statemsnts and insights from Henk Hoogendoorn, managing director of the Monetary Sector Workplace on the Qatar Monetary Middle (QFC),