MENA: MoU to boost financial sector in Morocco and Qatar

Source: Middle East Insurance Review | Jan 2025

Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), has signed a memorandum of understanding (MoU) with Casablanca Finance City Authority, the managing entity of Casablanca Finance City in Morocco.

The strategic partnership between the two entities, both members of the World Alliance of International Financial Centres, aims to bolster their roles as regional financial hubs and promote the economic development and business-friendly environments in both Qatar and Morocco.

The MoU’s core objectives, include development and sharing of best practices; attracting more financial institutions, multinational corporations and professional services providers to both financial centres; and knowledge transfer in relevant areas.

Cross-border business engagement is expected to increase through exchange of regular delegations, further strengthening ties between the two financial communities. The MoU also incorporates joint initiatives in financial literacy and professional training designed to cultivate a talent pool. M

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