Qatar Free Zones Authority QFZ and Kingdee International Software Group Company Limited 0268.HK have officially announced the inauguration of Kingdee's regional headquarters at Ras Bufontas Free Zone in the State of Qatar. The two parties also signed a strategic cooperation agreement to strengthen collaboration in developing digital solutions and supporting Qatar's innovation ecosystem. This milestone marks the Chinese technology leader's strategic entry into the Middle East market, further positioning Qatar as a strategic hub for investment in emerging technologies and innovation.
The inauguration ceremony was attended by Mr. Abdulla Hamad Al-Binali, Acting Chief Operating Officer at QFZ Mr. Jason Zhang, President of Kingdee Group and senior representatives from key public- and private-sector stakeholders.
Founded in 1993, Kingdee is a global leader in enterprise management cloud SaaS solutions. With over 7.4 million customers globally and operations in 172 countries, Kingdee brings a wealth of domain expertise and deep technological capabilities. The launch of its regional headquarters in the State of Qatar is in line with the company's strategy to strengthen its international footprint. In December 2023, Kingdee signed an agreement with the Qatar Investment Authority QIA, under which QIA committed to invest approximately QAR 728 million USD 200 million in the company, establishing a strategic partnership that supports Kingdee's expansion in the region.
