Doha: The Ministry of Commerce and Industry (MOCI) signed two cooperation agreements with QNB Group and Doha Bank as part of its efforts to enhance integration between the public and private sectors and to develop the services provided to investors through the Single Window platform. The agreements were signed by Director of the Single Window Department at the MOIC Mubarak Abdulrahman Al Khulaifi, QNB Group executive vice-president of SME Banking Ismail Mandani Al Emadi, and Deputy Chief of Strategy and Transformation at Doha Bank Yousef Abdullah Al Meer.
According to Qatar News Agency, the MOCI stated that, under the agreement with the Ministry, QNB Group will provide bank account opening services to eligible investors, in accordance with applicable laws and procedures, through the Single Window platform. This will expedite the company formation process and reduce reliance on manual and paper-based transactions, significantly contributing to the development and simplification of company registration procedures.
The signing of this agreement underscores QNB's role in supporting the business environment and strengthening cooperation with various government entities by providing banking solutions that facilitate company establishment procedures and enhance investor services. The bank continues its commitment to supporting Qatar National Vision 2030 through initiatives that contribute to building a diversified and sustainable economy based on innovation and integration between the public and private sectors.
Mubarak Abdulrahman Al Khulaifi mentioned that the signing of the agreement with QNB is part of a series of agreements the Ministry is concluding with banks operating in the country, aiming to expand cooperation with the banking sector and facilitate procedures for investors. He added that this step reinforces the position of the Single Window platform as a primary destination for establishing businesses in Qatar and aligns with the goals of Qatar National Vision 2030 in supporting sustainable economic development.
The agreement between MOCI and Doha Bank also aims to enhance cooperation to facilitate the procedures for opening bank accounts for companies through the Single Window platform during the establishment phase, thereby reducing reliance on manual transactions and expediting the completion of related procedures.
Al Khulaifi affirmed that signing the agreement with Doha Bank comes within the framework of the MOCI's efforts to solidify the role of the Single Window platform as a comprehensive destination for investors, in line with the goals of Qatar National Vision 2030. He highlighted the Ministry's keenness to develop strategic partnerships with various entities to simplify procedures, expedite transactions, and enhance the investment environment, supporting sustainable economic development.
Yousef Abdullah Al Meer stated that the launch of this service comes within the framework of cooperation between Doha Bank and the MOCI, in accordance with the bank's approach to developing services offered to customer segments. This enables companies, especially newly established ones, to benefit from banking services that meet their needs with efficiency and ease, supporting their success and enabling them to integrate into economic activity, enhancing their contribution to national development.