The inflow of foreign investments into the region is the result of policies and measures adopted recent years based on its political and economic appeal. The State of Qatar is a notable example of a country that continues to simplify investment procedures and modernise economic laws and legislation, which have helped it open the door for foreign capital to be invested in its productive sectors. Today, it allows companies to own up to 100 per cent of capital, and enjoy tax and customs exemptions that international companies are looking for.
It is a great achievement for Qatar in attracting 71 per cent of the total foreign direct investment in the Middle East during the second quarter of this year. This means that it is continuing to promote the policy of economic diversification, while establishing new projects in various fields such as software, information technology, business services, financial services, oil and gas and other economic sectors.
The inflow of investments will help create opportunities for national labour and expatriates as well. During the last period, it was able to provide 6,680 job opportunities through investments amounting to $19.2 billion, according to the Investment Promotion Agency (IPA Qatar) bulletin. This achievement comes after two years of disruptions caused by the Covid-19 pandemic in many countries of the world, which today suffer from indebtedness, inflation, unemployment, and others. Today, Qatar has become one of the countries that attract FDI, not only at the level of the Gulf Cooperation Council countries, but also at the level of the countries of the Middle East and the world at large.
The IPA, which oversees many activities and works to promote investment under the “Invest Qatar” brand, has become a national platform for attracting foreign direct investment through its advisory services, support and experience in the various fields that Qatar seeks to achieve in the region. Today, it owns many service, logistical, banking and other institutions that help it achieve these goals. As an investment agency, it is continuing to introduce international investors to the business opportunities available in this country, and the sustainable development that can be achieved in the economic and social fields that Qatar seeks in this regard to enhance the pace and objectives of economic diversification.
FDI into Qatar is continuing to be achieved, and it is taking an upward trend, especially as it is on the verge of staging the FIFA World Cup. Visitors will have the opportunity to see and learn about the transformation that this country is witnessing in commercial, economic and real estate, as well as sports and educational developments and other achievements in the field of energy and clean energy. This will help the country to expand global partnerships with other markets.
Finally, the establishment of the Qatar Investment and Trade Court supports these trends in creating an attractive environment for investment, which sends a message of reassurance to investors and business owners to invest in Qatar.
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