Jersey and Bahrain have today signed a Memorandum of Understanding to work together to drive digital innovation across both jurisdictions, to encourage more women into the sector, and to assist entrepreneurs to create digital businesses, products and services – with a focus on those that will help the finance sector.
The MoU has been signed by representatives from Digital Jersey and the Bahrain Economic Development Board (EDB). One aspect of the agreement is to give members of Digital Jersey and the Bahrain FinTech Bay hub an opportunity to share experiences and joint projects.
Tony Moretta, CEO of Digital Jersey, said: "Today is a landmark day in the story of Jersey’s growing and thriving tech sector. We’re ready to look further afield and, in line with government priorities, drive collaboration with strategically important markets such as Bahrain."
The agreement will see Jersey and Bahrain working to promote the benefits of businesses operating in each other’s locations, further collaboration of women in the sector, and an opportunity for members of Digital Jersey and Bahrain FinTech Bay to use both agencies’ shared working spaces, platforms and knowledge.
The MoU was signed at a ceremony at Digital Jersey’s technology space and research centre DJX in St Brelade.
Pictured: Tony Moretta (left) with David Parker, Executive Director for Bahrain EDB