Qatar Financial Centre Authority and Enterprise Singapore signs MoU on investment opportunities – The Peninsula

Qatar Financial Centre Authority and Enterprise Singapore signs MoU on investment opportunities – The Peninsula

Doha: Singapore: Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC) and Enterprise Singapore have signed a Memorandum of Understanding (MoU) to promote investment opportunities between the two economies.

The MoU is QFC's first agreement with a Singaporean organisation, enhancing its close collaboration with the Southeast Asian country. It was signed by HE Sheikha Alanoud bint Hamad Al-Thani, Deputy CEO and Chief Business Officer, QFC, and Tan Soon Kim, Assistant CEO, Enterprise Singapore, during QFC's official visit to Singapore.

Enterprise Singapore is a government agency that champions enterprise and industry development, working with Singaporean companies to build capabilities, innovate and internationalise. It builds trust in Singapore's products and services and promotes international trade and start-up development. Under the provisions of the MoU, both parties will jointly develop and execute outreach initiatives and business matching activities, as well as organise an investment event to connect investors from Qatar to start-ups from Singapore and, conversely, investors from Singapore to start-ups from Qatar. The agreement will focus on enhancing business activities in digital, Fintech, MedTech, education and smart cities.

Furthermore, QFCA will endeavour to provide technical and business advice to eligible Singaporean companies referred by Enterprise Singapore, effectively providing