Doha:The Investment Promotion Agency Qatar (Invest Qatar) has announced a strategic partnership with SOIN, a prominent IT solutions provider, to facilitate SOIN's establishment and expansion in Qatar. This collaboration aims to enhance the adoption of artificial intelligence (AI), enterprise modernization, and digital transformation, positioning Qatar as a hub for technology and innovation in the region.
According to Qatar News Agency, the partnership was formalized with the signing of a Memorandum of Understanding (MoU) during MWC26 Doha. Sheikh Ali bin Alwaleed Al-Thani, CEO of Invest Qatar, and Mariano Villalta, SOIN's Regional Director, were present at the signing. SOIN plans to invest approximately QR 197 million ($54 million) over five years, creating around 120 jobs in Qatar.
The collaboration will see SOIN introduce advanced AI solutions and enterprise technology expertise to various sectors in Qatar, including banking, telecommunications, healthcare, and government services. These solutions are intended to help organizations streamline operations, modernize systems, and improve efficiency.
The MoU outlines a framework to expedite SOIN's market entry and expansion in Qatar, with Invest Qatar providing access to commercial opportunities and facilitating strategic partnerships. Sheikh Ali bin Alwaleed Al-Thani emphasized that SOIN's presence in Qatar reflects the country's attractiveness as a base for international tech companies.
Mariano Villalta noted the importance of modernizing enterprises and incorporating AI while maintaining reliable systems. He highlighted SOIN's extensive experience in delivering tailored technology solutions to enhance operational efficiency for businesses.
SOIN's initiative aligns with Qatar's goal of attracting global tech companies and fostering a vibrant innovation ecosystem, contributing to the Qatar National Vision 2030. The investment in AI and enterprise modernization will aid Qatar's shift toward a knowledge-based economy and bolster the competitiveness of organizations across sectors.
Source Qatar News Agency