Qatar, Luxembourg to sign financial cooperation deal

06 Mar 2015

(MENAFN) A financial delegation from Luxembourg is in Qatar in hopes of driving greater strategic cooperation between the two countries in the field of international finance, The Peninsula Qatar reported.

The Luxembourgian representatives are set to participate in a seminar organised by Luxembourg for Finance in cooperation with the Qatar Financial Centre (QFC).

Luxembourg is the second largest investment fund centre in the world after the US. In 2014, the country marked a historic year in which assets under management in Luxembourg-registered funds reached USD3.31 trillion.

The country has been specialized in exporting financial services and products across the globe and is in a good place to offer an array of diversification in investment for Qatar.

“I am delighted to be in Doha to meet with business leaders and financial professionals. Luxembourg has developed a close and mutually beneficial relationship with Qatar,” Luxembourg minister of finance said in a statement.

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