Qatar growth in FDI projects
The future-ready infrastructure of the Qatar attracts long-term foreign direct investment (FDI) and strengthens their influx
Doha, The Gulf Observer: Qatar’s resilient economy and its steady march towards its national vision 2030 have ensured its investment landscape remains competitive for international companies.
The country is witnessing a significant increase in FDI with more projects attracting international investments.
IPA Qatar said in a tweet, recently “Qatar tops FDI Intelligence Standouts Watchlist 2023. Qatar has achieved a 70% annual growth in FDI projects between 2019 and 2022 with most of the FDI projects in 2022 coming from companies in ICT, as well as business and financial services”.
Qatar ranks first among the world’s top destinations for FDI, owing to its strong economic and investment momentum into 2023 and ranks first among the world’s top 50 FDI destinations expected to carry the strongest investment momentum into 2023. In 2022 the top sectors for FDI projects were oil & gas, financial services, and software & IT services, it noted.
Qatar achieves 70% annual growth in FDI projects
The US and Qatar’s commercial ties have continued to flourish with the total economic relationship between the two countries exceeding $200bn and both nations eager to expand trade and investment ties, according to the US-Qatar Business Council (USQBC) report to mark 50 years of partnership between Qatar and the United States.
An earlier update by IPA Qatar on the Middle East highlighted the FDI Markets data which showed that Qatar attracted 71 percent of investments into the Middle East in the second quarter of 2022, creating 6,680 jobs across 11 projects and securing investments worth $19.2bn. The top sectors were software and IT, business services, financial services, and coal, oil and gas.
In adherence with the Qatar National Vision 2030 plan to establish an advanced, knowledge based, and diversified economy, the government has introduced reforms to its foreign investment laws to allow 100 percent foreign ownership of businesses in most sectors.
