USQBC Releases “An Introductory Business Guide on Qatar”

Doha, Qatar: On June 29th, 2020, the US-Qatar Business Council (USQBC) released “An Introductory Business Guide on Qatar” to provide essential information to foreign investors unfamiliar with Qatar’s business market and economy. The guide includes an overview of Qatar and its economy, laws & regulations, current investment opportunities, and business structures.

Marked as one of the leading business hubs globally, Qatar has positioned itself as an attractive investment destination. With one of the highest GDP per capita measures in the world, Qatar’s Gross Domestic Product (GDP) has been estimated to reach $237 billion by 2024. As the country pursues ambitious plans to diversify its economy away from hydrocarbon revenues and transition to a knowledge-based economy, an increasing amount of attractive investment opportunities exist for international investors across many sectors including tourism, agriculture, manufacturing, health and education among others.

“Qatar is one of the leading investment destinations globally,” said Sheikha Mayes bint Hamad Al-Thani, Managing Director of USQBC’s Qatar Office, upon the release of the guide. “The country’s ambitious and continual reforms coupled with a strong and growing economy, supported by the private and public sectors, marks Qatar as an attractive investment hub."

Through USQBC’s mission of promoting, enhancing, and advancing the bilateral business relationship between the United States and the State of Qatar, the USQBC team has compiled a business guide with key information to facilitate foreign direct investment in the State of Qatar. 

The business guide details the following: 

  • The governance structure of the country including the roles and responsibilities of individual ministries and other government decision-making bodies. 

  • Investment incentives information as well as investment incentives for some of the most important public investment-related organizations in the country such as Qatar Financial Centre (QFC), Qatar Science and Technology Park (QSTP), Qatar Free Zones Authority (QFZA) and The Investment Promotion Agency Qatar (IPAQ). 

  • Rules and regulations for foreign direct investment are detailed within the guide with a specific focus on employment & labor law, business structures, and taxation.

The US-Qatar Business Council is the premier entity to facilitate trade and investment between the two countries and hosts many events to build business relationships. USQBC is dedicated to helping its American and Qatari members expand their business and encourage foreign investment and trade.

To download a copy of the report: Click Here