Qatar is one of the fast-growing regional economies and among the most promising globally, maintaining balanced growth rates despite various global challenges. Over the past few years, the State has succeeded in consolidating Qatar’s position on the global economic map under the guidance of His Highness the Emir Sheikh Tamim bin Hamad al-Thani. Qatar is currently pursuing its journey towards establishing a diversified, competitive and knowledge-based economy in line with the Qatar National Vision 2030.
Qatar’s economic policies have provided support for various sectors and bolstered their contribution to economic growth, thus strengthening and enhancing investor confidence in the national economy. Qatar has been keen on developing a promising investment environment in priority sectors of the national economy, supported by an administrative and legislative system conducive to doing business and an appropriate legislative framework for business development and investments.
The State is seeking to ratify laws that allow foreign investors to implement fully-owned investment projects in various sectors and is introducing amendments to its Free Zones Law. The government has also approved a draft law submitted by the Ministry of Commerce and Industry on regulating the investment of non-Qatari capital in economic activity and has issued several laws aimed at stimulating and attracting domestic and foreign investments.
The state has also developed an investor-friendly business environment, through the launch of several initiatives, including the creation of a single window for investor services, providing advanced electronic services for business incorporation, identifying and streamlining procedures for licensing the construction of business centers, issuing business licenses and offering incentives to foreign investors.
Qatar’s adoption of an open and diversified economy has contributed to bolstering its investment environment through the launch of major projects that reflect the success of public-private partnerships and provide promising investment opportunities in the logistics, food security, education, health, tourism and sports sectors.