News

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Qatar initiates new projects as north field expansion advances

Qatar`s Public Works Authority (Ashghal) has initiated 22 new projects worth more than QAR 4.1 billion (USD 1.1 billon) in 2023. So far, six projects have been awarded and 10 are in the process of implementation. The remaining six will enter the tender stage in quarter three of this year.

The six awarded projects are worth an estimated QAR 1.1 billion (USD 300 million), while the 10 projects in...

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23/07/23

Qatar`s non energy sector continues to expand in June

Qatar’s non-energy private sector economy has sustained growth through 2023 according to data from the Qatar Financial Centre (QFC). Furthermore, the 12-month outlook remains firmly positive across all sectors.

Figures from the latest Purchasing Managers’ Index (PMI) survey indicate that growth rates for output, new orders, employment and purchasing all remained solid. The Qatar PMI indices...

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16/07/23

Qatar tops average 5G download speeds in GCC region

Qatar boasts the fastest average 5G download speeds across the Gulf region at 312 Mbps according to a latest report.

Written by independent analytics company Opensignal, the report goes on to reveal that 5G Peak Download Speeds are even more impressive, with speeds of upto 782 Mbps. Furthermore, Qatar also tops the upload charts for the Gulf Cooperation Council Countries (GCC)...

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09/07/23

Qatar’s construction sector estimated to reach QAR 325 billion

Qatar's construction market is valued at QAR 210 billion (USD 57.7 billion) at present and analysts expect it to rise to QAR 325 billion (USD 89.3 billion) by 2028. It reflects a compound annual growth rate (CAGR) of 9.0% from 2023 to 2028.

The growth in Qatar's construction market is fueled by increased construction activity across sectors such as industrial and infrastructure as well as energy...

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02/07/23

Qatar launches simplified single window platform

Qatar recently announced new services that expands the scope of the single window and simplifies company registration procedures. The initiative is a combined venture by the ministries of Commerce and Industry, Labour, Justice and Interior.

The new services will enhance the ease of doing business in the State as well as improve its delivery of public services. The improved single window...

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25/06/23

Qatar focussing on PPP strategy to attract FDI

Qatar will continue to encourage public-private partnerships (PPPs) to attract foreign direct investment (FDI) according to the Investment Promotion Agency Qatar (IPA Qatar).

The successfull ongoing PPP strategy currently targets different sectors, including oil, gas and banking. However the State is targetting further sectors, with a focus on technology in light of the rapid development being witnessed...

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18/06/23

Qatar logistics sector to exceed growth of neighbours

Qatar`s Investment Promotion Agency (IPA) forecasts the States logistics market will outperform other GCC countries between 2020 and 2026.

In its recently published sectoral study, it predicted a promising outlook for global supply chains, logistics and warehousing, a sector worth QAR 34.6 trillion (USD 9.5 trillion) in 2021.

The State is ranked second in the Middle East in logistical performance...

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11/06/23

Qatar International Court introduces new practice guide

Qatar International Court and Dispute Resolution Centre (QICDRC) has introduced new Practice Guidance for parties utilising the Court. The Practice Guidance will serve as a key point of reference and are the most current set of documents reflecting standard processes.

The Guidance provides a framework for many of the QICDRC’s most important procedures,...

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04/06/23

Qatar witnesses tourism sector expansion

Qatar has witnessed huge growth in the hotel real estate sector, which has added over 700 hotel rooms to the market in the first quarter of this year.

The total supply of hotel rooms in March 2023 reached 38,500, which reflects an increase of more than 30% over 15 months. This follows the huge surge of new rooms in 2022, when over 7,000 hotel keys were delivered.

The sector has maintained momentum...

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28/05/23

Qatar’s trade balance surplus hits QAR 21.3 billion in March

Qatar`s foreign merchandise trade balance recorded a surplus of QAR 21.3 billion (USD 5.85 billion) in March 2023.

The Planning and Statistics Authority (PSA) data, which represents the difference between total exports and imports, showed that total export of goods (including exports of goods of domestic origin and re-exports) amounted to QAR...

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21/05/23

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