Invest Qatar, SOIN partner to launch regional operations in Qatar

Invest Qatar and SOIN, a leading IT solutions provider, have announced a strategic partnership to support SOIN's establishment and growth in Qatar. The agreement, signed at MWC26 Doha, aims to promote AI adoption, enterprise modernization, and digital transformation, while reinforcing Qatar's position as a regional hub for enterprise technology and innovation.

Invest Qatar and SOIN signed a Memorandum of Understanding (MoU) to foster SOIN's presence in Qatar. SOIN projects to invest approximately QR 197 million ($54 million) in capital and operational expenditure over five years, creating around 120 jobs by the end of the period. The partnership will provide SOIN with advanced AI solutions and enterprise technology expertise to help organizations modernize systems, automate processes, and enhance operational efficiency across sectors like banking, telecommunications, healthcare, retail, and government.

The partnership facilitates SOIN's entry into and expansion across the Qatari market, with Invest Qatar facilitating commercial opportunities, supporting strategic partnerships, and positioning Qatar as a base for SOIN's regional expansion. Sheikh Ali bin Alwaleed Al-Thani, CEO of Invest Qatar, emphasized Qatar's growing appeal as a strategic base for international technology companies.

Mariano Villalta, SOIN's Regional Director, highlighted the importance of modernizing and adopting AI while maintaining reliable operations and governing AI use. He also noted SOIN's four decades of experience in delivering advanced technology solutions to meet enterprise needs and improve operational efficiency. SOIN's establishment in Qatar aligns with Qatar National Vision 2030, supporting economic diversification, skilled employment, and local technology expertise, ultimately enhancing Qatar's competitiveness in the knowledge-based economy.