Doha: The Qatar Financial Center (QFC) and the Qatar Finance and Business Academy (QFBA) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in talent development and help bridge the gap between academic learning and industry practice.
According to Qatar News Agency, the partnership establishes a framework for initiatives that equip students and young professionals with the knowledge, practical experience, and skills required to succeed in Qatar's evolving financial sector. Under the MoU, QFC will offer internship opportunities to QFBA's Northumbria University students, providing hands-on industry experience and pathways to future employment. The partnership will also extend to lectures, seminars, workshops, career fairs, and other academic and professional events that foster knowledge exchange between industry and academia.
The two organizations will also work together on the Takween Excellence Award Program, a flagship initiative designed to support high-performing Qatari undergraduate students pursuing disciplines that are critical to the development of Qatar's financial sector and future economy.
Chief Executive Officer of QFC, Mansoor Rashid Al Khater, commented on the significance of the MOU, stating, "Developing national talent is essential to achieving the Qatar National Vision 2030, serving as a fundamental pillar for supporting sustainable economic growth. This requires a highly skilled workforce equipped to meet the evolving demands of the future." He emphasized that the partnership reflects a shared commitment to preparing the next generation of professionals with the expertise and practical experience needed for the modern workforce.
Chief Executive Officer of QFBA, Khalifa Al Salahi Al Yafei, noted that the MoU marks an important step toward strengthening collaboration between educational institutions and the financial sector. He expressed anticipation for expanding opportunities for students and young professionals to gain hands-on experience and exposure to industry best practices, enhancing their readiness for the labor market and supporting the development of national talent capable of contributing to the sustainable growth of the financial sector.