Ooredoo, announced the signing of MoU with Qatar Free Zones Authority to support international businesses and investment in the country
25 Sep 2023News
In order to assist foreign companies and investment in the nation, Ooredoo, the top telecommunications provider in Qatar, on Saturday announced the signing of a Memorandum of Understanding (MoU) with the Qatar Free Zones Authority (QFZ). The new strategic alliance intends to increase the range of ICT and connectivity options accessible to potential and current investors and companies in the free zones. Through frictionless foreign corporate operations within the nation and the creation of a solid framework for their expansion, this partnership is expected to turn Qatar into a major international economic hub.
Sheikh Mohammed H. F. Al Thani and Sheikh Ali bin Jabor Al Thani, the CEOs of QFZ Authority and Ooredoo Qatar, signed the deal at Ooredoo's headquarters. In accordance with the terms of the agreement, Ooredoo will provide a full range of business goods and services, including cutting-edge ICT solutions and fixed and mobile connection services. These will be made available to QFZ and its network of investors, giving them more favourable commercial conditions and making it simpler than ever for them to start and grow their businesses.
To manage and enforce world-class free zones in Qatar and secure fixed investments within the zones, QFZ was founded in 2018 and began soft operations in 2020. With top-notch infrastructure, a skilled workforce, 100% foreign ownership, access to investment funds, tax exemptions, and partnership opportunities with Qatari entities, QFZ provides outstanding opportunities and benefits for businesses looking to launch operations and expand regionally and globally.