QFC aims for QAR 91 billion of foreign direct investments by 2022

21/01/21

The Qatar Financial Centre (QFC) aims for QAR 91.25 billion (USD 25 billion) of foreign direct investments (FDIs) by 2022. It will translate into the creation of 1,000 new companies and over 10,000 new jobs in the State of Qatar.

These ambitions were announced a week after diplomatic, trade and travel ties were reinstated between neighbouring countries in the GCC. The accord will lead to easier access to markets as borders re-open and travel avenues are re-activated with a number of daily regional flights.

At the same time, it is expected to have a positive impact on trade and the region will witness a stronger Gulf Cooperation Council (GCC) with its members working more closely together.

Despite most recent challenges with the pandemic, Qatar brought important reforms on the way and continued to improve the ease of doing business in the country in an attempt to strengthen its position as a regional hub for business and to diversify the national economy.

Qatar has positioned itself to attract a range of businesses and projects from start-ups and scale-ups to multi-national corporations. The country is very actively promoting and supporting small and Medium sized enterprises (SMEs). In terms of sectors, Qatar has developed mid- and long-term strategies to develop non-oil and gas sectors including, but not limited or restricted to agriculture, health, travel and tourism, manufacturing, imports and exports, finance and financial services and others.

According to the World Bank, Qatar’s economy is expected to grow 3% in 2021 which is the best in the GCC.

Please click on the link and reach out to learn more about the latest developments and the investment opportunities and possibilities in the State of Qatar and Business Start Up Qatar.

Other News

BSUQ News 104 - Thumb

M7 and QSTP partner to target Qatar’s fashion and design sectors

M7 and Qatar Science & Technology Park (QSTP) have announced a partnership to strengthen Qatar`s entrepreneurship ecosystem.

The agreement provides for M7, an affiliate...

Read more
BSUQ News 103 - Thumb

Contracts in construction at the top of the mega projects in Qatar

A Qatar International Centre for Conciliation & Arbitration (QICCA) webinar discussed...

Read more
BSUQ News 102 - Thumb - New

Bedaya and stakeholders equip entrepreneurs on their journey in Qatar

The Bedaya Centre for Entrepreneurship & Career Development recently concluded a series of workshops as part of their ongoing foundation program.

The workshops were delivered online with the object...

Read more
BSUQ News 101 - Thumb - New

QFTH ends second wave of incubator and accelerator with demo day

Qatar FinTech Hub (QFTH) recently held the virtual Demo Day for the second wave of the incubator and accelerator program.

The major FinTech event hosted key players from Qatar’s ecosystem as well...

Read more
BSUQ News 100 - Thumb - New

A snapshot of the venture capital market in the State of Qatar

Qatar`s venture capital market has proven to be resilient despite the pandemic according to the most recent data and information.

The Qatar Venture Investment Report 2020...

Read more
BSUQ News 99 - Thumb - New

Qatar raises awareness for best practices in circular economy

The Josoor Institute held a webinar discussing the circular economy, an economic approach aimed at minimising waste, very recently.

The Josoor Institute is...

Read more
BSUQ News 98 - Thumb - New

Stakeholders in Qatar reiterate their commitment for tourism and travel

The State of Qatar has revealed an ambitious National Tourism Strategy which aims to position the country as a leading destination for tourism and travel.

Qatar has a lot to offer...

Read more
BSUQ News 97 - Thumb

Takeaways and lessons learned from the first Qatar Economic Forum

The Qatar Economic Forum concluded very recently and demonstrated the country’s position as an important centre for business, trade and investment. The virtual event provided a platform to exchange views,...

Read more

Page Break