Doha, Qatar: The Qatar Financial Centre (QFC), one of the Middle East's leading financial and business centers, has signed a Memorandum of Understanding (MoU) with Ashmore Group, a leading global asset manager specializing in emerging markets, with approximately USD 46.2 billion under management.

This partnership aims to expand capital markets activities in Qatar and support the local asset management sector by enhancing knowledge exchange and developing innovative investment solutions. Key provisions of the memorandum include fostering local talent in the financial services sector and supporting Qatar's vision to build a diversified, knowledge-based economy.

Commenting on the importance of this partnership , Mr. Yousuf Mohamed Al-Jaida, Chief Executive Officer of the Qatar Financial Centre, said: “By combining Ashmore Group’s extensive expertise in asset management with the QFC’s efforts to support financial innovation, this partnership will serve as a powerful catalyst for long-term strategic development. Through this collaboration, we aim to support the growth of the asset management sector in Qatar and enhance the local capital markets by applying global best practices and adopting innovative investment solutions.”

For his part, Mr. Mark Coombs, Chief Executive Officer of Ashmore Group PLC, said: “Ashmore has a long history of investing in the Qatari market, and through this partnership with the Qatar Financial Centre, we look forward to achieving further development in the financial services sector in Qatar in the coming years. We also seek to contribute to strengthening the country’s position as a global investment destination, in line with the ambitions of Qatar National Vision 2030.”

This MoU builds on the significant achievement recently achieved by the Qatar Financial Centre (QFC) with the Ashmore Group joining its platform and launching its office in Qatar. It also represents an important step in consolidating its long-standing relationship with the country. This new office will support local investment activities and enhance communication between regional investors, contributing to strengthening Qatar's position as a leading and growing destination for asset management.

About the Qatar Financial Centre

The Qatar Financial Centre (QFC) was established to operate within the country and is located specifically in Doha. It provides a distinct business platform for companies wishing to establish and operate in Qatar or the region at large. The QFC also enjoys a unique legal and regulatory framework, tax regime, and well-established business environment that allows up to 100% foreign ownership, 100% profit repatriation, and a competitive 10% corporate tax rate on locally sourced profits. The QFC welcomes all financial and non-financial companies, both Qatari and international.

For more information on permitted activities and the benefits of operating under the umbrella of the Qatar Financial Centre, please visit the website www.qfc.qa

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