Qatar’s QFC Authority & Google Cloud to build new innovation platform

Qatar’s QFC Authority & Google Cloud to build new innovation platform

The Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), has signed a Memorandum of Understanding (MoU) with Google Cloud to build an innovation platform and advance the continued growth of Qatar’s tech ecosystem.

The two organizations will collaborate to encourage cloud technology adoption by fintech companies, consulting and technology firms, banks, and financial institutions.

“Drawing on Google Cloud’s global network and capabilities both organizations together with QFC’s clients and the wider industry intend to collaborate in sectors like artificial intelligence, data science, blockchain, and so on to accelerate innovation and digital transformation,” as per the statement.

Yousuf Mohamed al-Jaida

CEO – QFC Authority “We are proud to embark on this new collaborative effort with Google Cloud and to drive business transformation for clients across banking, capital markets, insurance, and emerging technologies. Financial services, including fintech, are one of QFC’s areas of focus, and we are delighted to expand our offering through industry-specific solutions under QFC’s umbrella. Together with Google Cloud, we aim to integrate innovation culture and technology into mainstream business practices to achieve sustainable economic development for Qatar in line with our national development goals.”

Mr. Ghassan Kosta, Qatar Country Manager, Google Cloud, said that, “Google