Soin to Invest $54 Million in Qatar IT Expansion
Soin and Invest Qatar signed an agreement to establish AI and digital transformation operations in Qatar with a planned investment of QR197 million.
Invest Qatar and Soin, a Central American IT solutions provider, signed a Memorandum of Understanding on November 11 during MWC Doha to establish the company's operations in Qatar. The partnership focuses on advancing artificial intelligence, enterprise modernization, and digital transformation for the government, healthcare, banking, and telecommunications sectors.
Soin plans to invest approximately QR197 million ($54 million) in capital and operating expenditures over the next five years. This investment is expected to create around 120 jobs within the country. Invest Qatar will facilitate strategic partnerships and commercial opportunities to help position Qatar as a regional hub for the company's growth.
Regional Director Mariano Villalta stated that organizations must modernize and adopt AI while maintaining reliable critical systems and governance. The initiative aligns with the Qatar National Vision 2030, which seeks to diversify the economy and transition toward a knowledge-based system.
