The Qatar Financial Centre (QFC) has signed a Memorandum of Understanding (MoU) with the Cyprus Chamber of Commerce and Industry (CCCI) to promote stronger economic ties between Qatar and Cyprus. The agreement focuses on enhancing cooperation in financial and professional services.
The Qatar Financial Centre signed the deal through its legal and tax authority, the QFC Authority (QFCA). The MoU aims to foster bilateral trade and support businesses looking to expand across borders.
Under this partnership, QFC strengthens ties with Cyprus by launching joint business initiatives. These include webinars, B2B meetings, networking events, and the exchange of market insights. Both sides will also introduce relevant companies to potential partners and support each other’s members in entering new markets.
HE Andreas Nicolaides, Cyprus Ambassador to Qatar, praised the MoU as a key step forward. “This MoU is a major development in deepening economic cooperation between Qatar and Cyprus,” he said. “We expect to see more business contacts and reciprocal visits as a result.”
Yousuf Mohamed Al-Jaida, CEO of QFC, highlighted the benefits of the agreement. “With this MoU, QFC strengthens ties with Cyprus by opening new doors for cross-border investment,” he said. “It reflects our mission to attract quality investments to Qatar and expand our global business reach.”
The partnership also includes licensing support. Companies from Cyprus that align with QFC’s permitted activities will receive fast-track licensing assistance, along with access to incentives and local guidance.
Stavros Stavrou, President of CCCI, added: “This agreement reflects our shared vision for a more connected and innovative business environment. QFC strengthens ties with Cyprus through this initiative, which will drive investment and growth.”
With this MoU, QFC strengthens ties with Cyprus and signals its continued push to build international partnerships that benefit Qatar’s economy and global standing.
