Qatar Has 3 Strategies for Attracting Foreign Invest Including Creating Free Zones
In an interview with Oxford Business Group for the “Qatar 2019 Report”, HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister of Qatar and Interior Minister, highlighted Qatar’s plans to reach untapped markets through strengthening international relations and attracting foreign direct investment.
Speaking on Qatar’s long-term foreign investment strategy, HE the Prime Minister said: “Qatar’s plan for attracting foreign capital is guided by three interrelated strategies. The first encourages foreign direct investment (FDI) through the development of laws and legislations. The second expands the role of the private sector, as it is impossible to attract foreign investors without a strong and proactive private sector. Specialised ministerial committees, directly supervised by us, have been formed to follow up on the implementation of these plans. The third strategy creates free zones. The legislative and legal environment is of paramount importance in creating a safe and stable investment climate for potential investors. To that end, laws that will encourage FDI have been issued, including one that allows foreign investors to invest in all sectors of the economy up to 100% rather than just 49%.”