Ooredoo Q P S C : Fuels Business Growth in Qatar through its Network Powerhouse, Joins Forces with QFZ

Doha, Qatar

Ooredoo, the leading telecommunications company in Qatar, announced today the signing of a Memorandum of Understanding (MoU) with Qatar Free Zones Authority (QFZ) to support international businesses and investment in the country.

The new strategic partnership aims to expand the connectivity and ICT solutions available to prospective and existing investors and businesses in the free zones. This collaboration is set to transform Qatar into a global business hub, empowering foreign businesses to operate seamlessly within the country and establish a strong foundation for their growth.

The agreement was signed by Sheikh Ali Bin Jabor Al Thani - Chief Executive Officer, Ooredoo Qatar and Sheikh Mohammed H. F. Al Thani - Chief Executive Officer, Qatar Free Zones Authority (QFZ) - at Ooredoo's headquarters.

Sheikh Ali Bin Jabor Al Thani, Chief Executive Officer, Ooredoo Qatar, said: "Ooredoo is committed to delivering cutting-edge solutions and connectivity services that empower businesses of all sizes and sectors to thrive. This landmark partnership with QFZ marks a significant milestone in our dedication to supporting international businesses and investment in the country, significantly contributing to upgrading Qatar's business ecosystem, fostering innovation, and - ultimately - driving economic growth."

As part of this agreement, Ooredoo will offer a comprehensive suite of business products and services, encompassing fixed and mobile connectivity services, as well as cutting-edge ICT solutions. These offerings will be extended to QFZ and its network of investors, providing them with preferential commercial terms and making it easier than ever to establish and expand their operations.

From his side, Sheikh Mohammed H. F. Al-Thani, CEO of QFZ said: "This partnership marks a key milestone for expanding the ICT and telecommunications services that QFZ investors can leverage in the free zones.

As the Ooredoo presence comes online through a dedicated office in the Investor Relations center in the Business Innovation Park in Ras Bufontas Free Zone, investors will be able to integrate state-of-the-art ICT and telecoms services seamlessly into their businesses, offered at a lower cost and in a customized and tailor-made manner to meet business needs."

Qatar Free Zones Authority (QFZ) was established in 2018 and launched soft operations in 2020 to oversee and regulate world-class free zones in Qatar and secure fixed investments within the zones. QFZ offers outstanding opportunities and benefits for businesses seeking to establish operations and expand regionally and globally, providing quality infrastructure, a skilled workforce, 100% foreign ownership, access to investment funds, tax exemptions and partnership opportunities with Qatari entities.