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 132 - Thumb

Qatar attracts most FDI in ME and meets key partners

The Investment Promotion Agency Qatar (IPA) revealed that Qatar attracted 71% of all Middle East investment in the second quarter of this year.

The report provides ...

Read more
BSUQ News 131- Thumb

More interest in social entrepreneurship in Qatar

Qatar is seeing an increase in social entrepreneurs dedicated to developing solutions to community based problems.

At a recent event, representatives of key stakeholders in the community of Qatari businessmen...

Read more
BSUQ News 130 - Thumb

Mega-solar power plants in Qatar for sustainability

Qatar Energy Renewable Solutions recently awarded a gigantic solar energy power plant contract to South Korea’s Samsung C&T.

The QAR 2.3 billion (USD 630 million) Engineering, Procurement and Construction...

Read more
BSUQ News 129 - Thumb

Qatar to build the most sustainable food supply chain

In keeping with the United Nations Sustainable Development Goals 2030, Qatar has revealed its ambition to build a sustainable food supply chain. This project is also inspired by the government’s goal...

Read more
BSUQ News 128 - Thumb

Launch of labour re-employment platform in Qatar

Qatar Chamber(QC) has successfully launched its revised labour re-employment platform targeting the private sector.

The digital platform is administered in collaboration and cooperation with the [Ministry...

Read more
BSUQ News 127 - Thumb

Investors confident in Qatar’s non-energy sectors

Qatar Financial Centre (QFC) data indicates the non-energy private sectors rapid growth according to the latest Purchasing Managers’ Index (PMI) survey.

The rates of expansion in total activity, new...

Read more
BSUQ News 126 - Thumb

SMEs are key contributors to Qatar’s economy

The State of Qatar`s small and medium enterprises (SMEs) represent 97% of registered private sector companies and contribute 16% to non-oil gross domestic product (GDP).

“The Report: Qatar 2022”...

Read more
BSUQ News 125 - Thumb

Qatar continues to grow and maintains trade surplus

Qatar`s real economic growth rate has grown by 2.5% based on constant prices according to figures released by the Planning & Statistics Authority (PSA).

The real economic growth rate is based on preliminary...

Read more

Page Break