Qatar Financial Centre Authority Signs Lease for New Hheadquarters

Qatar Financial Centre Authority Web Site - October 27, 2005

The Qatar Financial Centre Authority (QFCA) has signed a lease to move into a new building that will provide its permanent home from the end of next year.

The lease for the entire 20 storey building has been signed with the Qatar Insurance Company (QIC) and will include the QFCA, the QFC Regulatory Authority and provide licensed institutions with a base from which to operate.

The Qatar Financial Centre (QFC) has been established so that financial institutions and other associated businesses that move to Qatar can participate in the Country’s growth within an efficient and supportive business and regulatory framework.

The QFC has been created as an integral part of Qatar’s programme to attract major financial institutions and professional service groups that can help to develop business opportunities in the country. Qatar is asset rich and revenue rich and its strategy is to use the QFC to diversify the economy from a position of strength – including a $110 billion project finance programme over the next five years. Sphere: Related Content