By The Maldives’ Ministry of Economic Development and Trade (MEDT) has entered a Memorandum of Understanding (MoU) with the Qatar Financial Centre (QFC), opening doors for companies from the Maldives and beyond to register within QFC’s globally recognized business hub. This MoU strengthens Qatar’s position as a business and commercial gateway between East and West, enhancing both nations’ economic landscapes.
Under the agreement, QFC will conduct regular knowledge-sharing sessions with MEDT, covering best practices in financial management, regulatory frameworks, and operational strategies. The QFC will also facilitate networking opportunities, fostering partnerships with financial institutions, regulatory bodies, and industry experts to build a robust financial ecosystem.
Yousuf Mohamed Al Jaida, Chief Executive Officer of QFC, emphasized the importance of collaboration. “This partnership underscores our dedication to fostering lasting, impactful networks with global financial institutions,” he said. “It also strengthens the long-standing friendship between Qatar and the Maldives, driving economic prosperity.”
HE Minister of Economic Development and Trade of the Maldives, Mohamed Saeed, highlighted the MoU’s value, noting that it will aid the Maldives in establishing a strong international financial center. “We are confident that our collaboration with QFC will provide invaluable insights and support,” he stated.
The partnership is expected to bring extensive benefits to both nations, fostering growth and innovation through shared expertise and mutual support.