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 76 - Thumb - New

Qatar positioning itself as global business hub for investors

Qatar has established itself as a prominent global business hub, particularly in the real estate sector, reflecting the nation’s commitment to economic advancement and resilience. This dynamic market...

Read more
BSUQ News 75 - Thumb - New

Qatar`s TASMU Accelerator attracts over 640 applications

Qatar's Ministry of Communications and Information Technology (MCIT) recently closed registration for the 2024 cohort of the Smart Qatar - TASMU Accelerator programme. The scheme attracted over 640 applications...

Read more
BSUQ News 73 - Thumb - New

Qatar’s clean energy strategy targets renewables

Qatar’s future energy strategy aims to diversify into renewables, targeting a solar capacity increase to 5 Giga Watts (GW) by 2035.

Furthermore its strategy aims to leverages Qatar’s competitive...

Read more
BSUQ News 72 - Thumb

Qatar witnesses impressive growth in non-oil sectors

Qatar’s non oil revenues are expected to outperform all industries after recording growth of 2.2% this year, according to a report by Fitch Solutions. The company also indicated that numerous industries...

Read more
BSUQ News 71 - Thumb

Qatar Free Zones Authority launch visa service office

Qatar Free Zones Authority (QFZ) and the General Directorate of Passports at the Ministry of Interior (MOI) have officially inaugurated the Ras Bufontas Free Zone Visa Service Office.

This strategic...

Read more
BSUQ News 70 - Thumb

Qatar’s agricultural sector expected to grow significantly

Qatar’s agriculture sector has experienced significant growth and is projected to reach approximately QAR 812 million (USD 223.1 million) by 2029 according to research by Mordor Intelligence.

As a...

Read more
BSUQ News 69 - Thumb

Qatar concludes Northern European tour building relations

Qatar recently concluded a European tour encompassing Norden countries Sweden, Norway and Finland with the aim of enhancing ties and exploring issues of mutual interest.

Commencing the visit in Sweden,...

Read more
BSUQ News 68 - Thumb

Qatar and Uzbekistan increase economic ties featuring ICT

Qatar and Uzbekistan have actively undertaken high-level state meetings this past year to discuss ways of increasing economic co-operation while enhancing trade ties.

Meetings have focussed on digital...

Read more

Page Break