The Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), and Google Cloud signed a Memorandum of Understanding (MoU) to build an innovation platform that will support the steady growth of Qatar's technology environment.
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 etc. to accelerate innovation and digital transformation.
In this regard, Mr. Yousuf Mohamed Al Jaida, QFCA's Chief Executive Officer said: "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."
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