SOIN expands into Qatar with QR197 mn investment plan

Invest Qatar and SOIN, one of Central America's largest IT solution providers, have formed a partnership to support SOIN's establishment and growth in Qatar. The agreement, inked at the MWC Doha, aims to promote artificial intelligence (AI), enterprise modernization, and digital transformation across Qatar. The Memorandum of Understanding (MoU), signed by Sheikh Ali bin Alwaleed Al-Thani and Mariano Villalta, outlines a plan to accelerate SOIN's entry into the Qatari market and expand its presence.

Invest Qatar will assist SOIN in accessing commercial opportunities, forming strategic partnerships, and solidifying Qatar's role as a base for SOIN's wider regional growth. By 2028, SOIN plans to invest roughly QR 197 million in cumulative capital and operating expenditure, with around 120 new jobs created in Qatar. Sheikh Ali praised SOIN's decision to set up in Qatar, emphasizing its appeal as a regional technology base.

Mariano Villalta highlighted SOIN's extensive experience in enterprise technology and innovation, which will be applied to AI adoption across sectors such as banking, telecommunications, healthcare, retail, and government services. The partnership aligns with Qatar National Vision 2030, aiming to foster economic diversification, create skilled employment, and develop local technology expertise.