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Invest Qatar said in a statement that the partnership with SOIN will support the IT company’s establishment and expansion in the Qatari market while advancing artificial intelligence adoption, enterprise modernisation and digital transformation. The agreement, formalised through a memorandum of understanding signed on the sidelines of MWC Doha, was inked by Sheikh Ali bin Alwaleed Al-Thani, chief executive officer of Invest Qatar, and Mariano Villalta, regional director at SOIN. According to the statement, the collaboration aims to strengthen Qatar’s role as a regional centre for enterprise technology and innovation, with the agency committed to facilitating SOIN’s access to commercial opportunities and strategic local partnerships that will also serve as a platform for the firm’s broader expansion across the Middle East.
The statement from Invest Qatar detailed how SOIN plans to introduce its advanced artificial intelligence solutions and enterprise technology expertise to key sectors including banking and financial services, telecommunications, healthcare, retail, and government operations. These solutions are designed to help organisations update complex legacy systems, automate routine processes and lift overall operational performance across Qatar’s economy. Over the coming five years, the company’s business plan projects cumulative capital and operating expenditure of about QAR 197 million, equivalent to $54 million, while building a local team that reaches around 120 jobs by the end of the period.
Under the memorandum of understanding, Invest Qatar will connect SOIN with relevant stakeholders and help the firm capitalise on the country’s business environment to accelerate its regional growth objectives. Sheikh Ali bin Alwaleed Al-Thani stated that the decision by SOIN to locate operations in Qatar highlights the growing appeal of the country as a strategic base for international technology companies seeking to expand in the region. The framework established by the MoU will enable coordinated efforts to identify pilot projects and partnerships that align with Qatar’s broader technology ambitions.
Qatar’s Third National Development Strategy emphasises digital transformation and technology sector growth as central pillars for economic diversification, according to official planning documents. The National Artificial Intelligence Strategy, managed by the Ministry of Communications and Information Technology, sets targets for integrating AI across public and private sectors to improve efficiency and foster innovation. This latest agreement with SOIN builds on similar collaborations that Invest Qatar has facilitated with other international technology providers in recent months.
SOIN, recognised as one of the leading IT services firms in Central America, brings specialised capabilities in systems modernisation that have been deployed across multiple industries in its home markets. The company’s entry into Qatar follows a pattern of international technology providers choosing the country for its stable regulatory framework and strategic location, the Invest Qatar statement noted. Officials expect the partnership to generate spill-over benefits for local talent development and knowledge transfer in emerging technology fields.
The memorandum of understanding also outlines ongoing support mechanisms through which Invest Qatar will assist SOIN with regulatory navigation and stakeholder introductions across both public and private entities. Such measures form part of the agency’s standard aftercare services for new investors, which have contributed to sustained operations by foreign firms in Qatar. Data from similar technology investments indicate that projects of this scale often exceed initial job and spending targets once full operations commence.
