The digital media sector will open up a wide range of opportunities, support competitiveness and innovation, and stimulate investment in the business environment, H.E. the Minister of Transport and Communications Jassim Seif Ahmed al-Sulaiti has said.
Al-Sulaiti made the statement yesterday at a signing ceremony between the Communications Regulatory Authority (CRA) and the Qatar Financial Centre (QFC) Authority, which will work together for the development of Qatari digital and media sectors.
The memorandum of agreement (MoU) was signed by CRA president Mohamed Ali al-Mannai and QFC Authority CEO Yousuf Mohamed al-Jaida in the presence of al-Sulaiti at the ministry’s West Bay headquarters.
Under the MoU, CRA will support QFC Authority in the evaluation of enterprises’ proposals related to joint initiatives or projects and on relevant products offered by QFC. The two parties will also participate in relevant advisory committees and working groups.
The agreement is a major step in developing bilateral co-operation between the two authorities in this field by providing local and international enterprises with services that fall under each their respective mandate, the CRA said in a statement.
The two authorities will work jointly to support services and activities aimed at attracting local and international enterprises working in the media and digital sectors. In addition, both signatories will support activities and projects that will help increase the two sectors’ percentage of contribution to Qatar’s gross domestic product (GDP).
“The production, dissemination, and use of data in the context of the globalization of information have become one of the most important manifestations of the technological progress that has produced knowledge-based societies.
“This MoU between the CRA and QFC Authority will further support the development of the digital media sector as a key pillar in supporting our country’s transformation into a knowledge-based economy in line with the Qatar National Vision 2030,” al-Sulaiti stressed.
Al-Mannai said: “The CRA welcomes the signing of the MoU with the QFC Authority. The CRA is always keen on contributing effectively towards achieving the goals of Qatar National Vision 2030.
“A core aim of this vision is to create a balance between an oil-based and a knowledge-based economy, and to support the diversification of the country’s economy. In this respect, the CRA will ensure providing needed support, in accordance with its mandate, to achieve this goal.”
Al-Jaida added: “The Communications Regulatory Authority and the Qatar Financial Center have a long standing history of partnerships, and this MoU further reflects and solidifies our shared commitment towards investing in Qatar’s economic growth by enhancing our cooperation in the communications and information technology sector, or more specifically, by working closely to develop Qatar’s ‘Media and Digital Cluster’.”