Qatar has taken significant steps to develop the fintech sector. The state announced a fintech strategy a couple of years ago and established an investment promotion agency and various other incentives to attract foreign direct investment. The Qatar Fintech Hub (QFTH) was launched and successfully rolled up two waves of Qatar's first-ever specialized Fintech Incubator and Accelerator programs. QFTH will further foster the growth of the fintech ecosystem through incubation and accelerating growth of both domestic fintech start-ups and international ones.