Wednesday, August 21, 2019
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CRA, QFCA sign agreement to boost media, digital sectors

CRA, QFCA sign agreement to boost media, digital sectors

Santhosh Chandran
Communications Regulatory Authority (CRA) and Qatar Financial Centre Authority (QFCA) on Monday signed a memorandum of understanding (MoU) to provide local and international enterprises working in the media and digital sectors with services that fall under each authority’s mandate.
President of CRA Mohammed Ali al Mannai and Chief Executive Officer of QFCA Yousuf Mohamed al Jaida signed the agreement in the presence of Minister of Transport and Communications HE Jassim Saif Ahmed al Sulaiti.
Under the MoU, CRA will support QFCA in the evaluation of enterprises’ proposals related to joint initiatives or projects, and on relevant products offered by Qatar Financial Centre. The two authorities will work jointly to support services sand activities aimed at attracting local and international enterprises, working in the media and digital sectors.
In addition, both authorities will support activities and projects that will help increase the two sectors’ contribution to Qatar gross domestic product (GDP).
Speaking on the occasion, Sulaiti said, “The production, dissemination and use of data in the context of the globalisation 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. The digital media sector will open up a wide range of opportunities, support competitiveness and innovation, and stimulate investment in the business environment.”
Mannai said, “CRA welcomes the signing of the MoU with the QFCA. CRA is always keen on contributing effectively towards achieving the goals of Qatar National Vision2030. 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, CRA will ensure providing needed support in accordance with its mandate to achieve this goal.”
On his part, Jaida said, “The Communications Regulatory Authority and the Qatar Financial Centre 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’”.
According to the MoU, both parties will participate in relevant advisory committees and working groups.


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