Why Start a Business in the Qatar Free Zones

11/02/21

The Qatar Free Zones Authority (QFZA) in partnership with the Qatari Businessmen Association (QBA) jointly organised a webinar on the ways of establishing a presence in the Qatar Free Zones with a participation of more than 112 small and medium-sized enterprises and multi-national corporations.

In collaboration and cooperation with other stakeholders, the QBA is actively promoting and supporting the QFZA in the country’s efforts to attract more foreign investment. The webinar featured several of QBA’s strategic partners such as the French Chamber of Commerce & Industry in Qatar and the Arab-German Chamber of Commerce & Industry (Ghorfa).

The QFZA was created in 2018 to develop, implement and regulate some of the world-class free zones in the State of Qatar and to provide additional opportunities and possibilities to the private sector, a key to diversity the economy of the country.

The establishment of a presence in the Qatar Free Zones provides a number of advantages to companies seeking to expand regionally and internationally. It includes one-hundred percent foreign ownership, market reach, accessibility and connectivity, award-winning infrastructure and capacity, skilled workers, legal framework, tax exemptions and partnership opportunities and possibilities.

These initiatives of the State of Qatar are contributing to the economic growth with the World Bank predicting a growth of 3% in 2021, the highest in the GCC.

The Qatar Free Zones provide companies a strategic location to develop, generate and distribute their products and services for markets in the third countries with access to many attractive incentives.

The most recent additions to the portfolio of the Qatar Free Zones Authority are companies with activities related to logistics, emerging technology and e-mobility. The interests of the QFZA are logistics, chemicals and emerging technologies as well as sectors where the country has a strong value proposition (such as information and communication technology, smart city solutions, petrochemicals and others).

The participants spoke about the relations between the State of Qatar and the French Republic which began in 1971 when the countries became strategic partners underlined by the presence of major French companies in Qatar (such as Total, Thales, Societe Generale and Others) and significant Qatari investments in France. Today, Qatar is home to more than 200 French companies.

At the same time, the State of Qatar is a key partner for the Federal Republic of Germany on different levels, especially the economic level, which is reflected in the significant Qatari investments in Germany, exceeding QAR 110 billion (USD 30 billion) and the number of German companies in Qatar (which reached more than 300 including Siemens, Volkswagen and Others).

Please click here to learn more about the Qatar Free Zones Authority or click here to reach out to Business Start Up Qatar.

Other News

BSUQ News 113 - Thumb

SCDL announces new tenders for 2022 FIFA World Cup

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
BSUQ News 112 - Thumb

Qatar to award a number of large-scale projects in 2021

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
BSUQ News 111 - Thumb

LNG expansion will positively affect Qatar’s economic growth

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
BSUQ News 110 - Thumb

Qatar’s economic performance improved in first quarter

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
BSUQ News 109 - Thumb

Investments in digital sector at all-time high in Qatar

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
BSUQ News 108 - Thumb - Old

Qatar prepares for additional reforms to attract more FDI

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
BSUQ News 107 - Thumb - Old

Qatar stakeholders continue to support SMBs and SMEs

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.

The...

Read more
BSUQ News 106 - Thumb - New

Qatar issues new travel and return policy

Qatar`s Ministry of Public Health has announced a new travel and return policy that waives hotel quarantine requirements...

Read more

Page Break