The launch of an additional business solutions center is expected to create 200 jobs and advance Qatar's financial digitalization.

UBS will create an additional shared services centers in Doha, Qatar in addition to ones based in multiple locations in India, Poland, the U.S. and China. The hubs provide centralized shared services to the bank in a variety of functions, among them finance, technology, human resources, operations, risk control, legal and internal audit.

In an announcement, the investment promotion agency of Qatar said it will support the creation of the hub.

«The launch of a Business Solutions Hub contributes to advancing the financial digitization in Qatar while supporting the local talent development, as up to 200 digital experts will be employed over the next few years,» the agency said.