QATAR, Doha, May 24 (Bernama) -- Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.), the official marketing agency for the Labuan International Business and Financial Centre (Labuan IBFC) has renewed its Memorandum of Understanding (MoU) with Qatar Financial Centre Authority (QFCA) which is responsible for the development and promotion of Qatar Financial Centre. The non-binding MoU, which was signed at the sidelines of the Qatar Economic Forum, is to be valid for a period of three years.
Labuan IBFC Inc. and QFCA previously signed a MoU in 2021. During this period, both signatories collaborated on market development and promotional initiatives. Following the success of these programmes, both parties decided to renew the MoU to enable a further exploration of mutual benefits.
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