Invest Qatar and Central American IT firm SOIN have signed a memorandum of understanding to establish the company’s operations in Qatar and support its expansion across the region.
Under the partnership, announced at MWC Doha, SOIN plans to invest about QAR 197 million ($54 million) over five years and hire around 120 employees in Qatar by the end of that period.
Invest Qatar will help SOIN identify business opportunities, build local partnerships and use Qatar as a regional growth base. The company plans to provide AI and enterprise technology services to banks and financial institutions, telecommunications companies, healthcare providers, retailers and public-sector organisations.
SOIN said its services are designed to help clients modernise complex systems, automate processes and improve operational efficiency. The company is working with joint venture partner Sheikh Mohammed bin Falah bin Jassim Al Thani to build a local team and serve customers in Qatar and nearby markets.
Invest Qatar CEO Sheikh Ali bin Alwaleed Al-Thani said the agency would support SOIN’s regional ambitions and long-term presence in Qatar. SOIN Regional Director Mariano Villalta said organisations need to adopt AI while maintaining reliable critical systems and effective governance.
The announcement links the investment to Qatar National Vision 2030, citing economic diversification, skilled job creation and technology skills development.
Source: Fintech News UAE
