Qatar`s Free Zones offer foreign companies an "extremely welcoming" regulatory environment, according to CEO Lim Meng Hui. He went onto say that "we are not content on resting on the successes of today. If we are to continue to be one of the world’s most successful free zones, we must always look for ways to improve what we offer to current and future tenants"
Free Zones Established in 2018
The Qatar Free Zones Authority was established in 2018 to attract and create opportunities in the private sector. This is a key strategic area of growth targeted by the government to diversify the Qatar economy. Additionally, new laws regulating public and private sector partnership will also encourage investment into the Qatari economy.
Recently, Hui said that “A major concern for companies setting up overseas, particularly tech companies, is the protection of their intellectual property and customer data. The legal frameworks put in place by Qatar have proven robust enough for Google and Microsoft, both companies with a strong reputation for guarding their intellectual property, to set up operations in the free zones”
"We are committed to ensuring that our tenants, both current and future, have access to the latest digital, physical, and legal infrastructure to optimise their operations. The government of Qatar has created an extremely welcoming regulatory environment for foreign companies in the free zones.” he said.
Strategic Geographical Advantage
Qatars free zones offer foreign companies a strategic base to produce their products and services for nearby markets. These include the Middle East, Europe, North Africa and Western Asia
Significantly, one of the newest companies to establish in Qatar is the French company Thales. Specifically the new Thales Digital Competence Centre will be a hub for software development. Thales will also facilitate large scale projects including events and security solutions.
A webinar hosted by the Qatar Financial Centre (QFC) and titled “Exploring Tender Opportunities at the Supreme Committee for Delivery & Legacy” discussed the potential for businesses and projects related...Read more
The State of Qatar is expected to invest more than QAR 113.15 billion (USD 31 billion) into large-scale projects this year. The estimation is in line with the country’s QAR 47.45 billion (USD 13 billion)...Read more
Qatar’s plans to expand the Liquefied Natural Gas (LNG) capabilities and capacities promise a major boost to the growth of the national economy. The expansion results in a projected surplus between 2021...Read more
Qatar’s budget for the first quarter of this year was exceeded by QAR 200 million (USD 54.8 million). The surplus is partly related to the most recent increase in the oil prices, the level of budgetary...Read more
Qatar has witnessed a lot of investment in the digital sector in line with the digital transformation of the country and the establishment of a knowledge-based economy as set out in the [Qatar National...Read more
With the world’s economy coming to a near standstill in 2020, economists from around the world have shared various analyses into how national economies will perform after this impasse related to the...Read more
The collaboration and cooperation of the public sector and the private sector will strengthen the position of the State of Qatar as a hub for business, trade and investment in the Middle East.