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Business Life in Qatar

29 Nov, 2021
Topic: Business and Finance, Education and Training
Intended Audience
Visitor: Student, Tourist, Business Owner
Citizen: Parent, Business Owner, Employee
Resident: Parent, Employee

Invest in Qatar

Why Do Business in Qatar?

The state of Qatar has become a central hub for world-class business events, conferences, and global exhibitions, attracting thousands of business tourists, investors, consultants, entrepreneurs, and service providers, who secure business deals with local investors, government institutions, and high-profile companies that serve major economic sectors, besides oil, gas and liquefied natural gas (LNG) including petrochemical industries, real estate, education, health care, technology media and telecom (TMT), retail, and industrial sectors.

As Qatar gets ready to host the world cup in 2022, which is expected to leave a major legacy for the country and its people, and in line with Qatar National Vision 2030, Qatar stresses on the importance of national economic development through diversifying sources of income and opening the doors for investment opportunities in various business sectors such as infrastructure networks development projects, financing major tourism and leisure projects that are represented in the development of ports, smart transit systems, Qatar Railway projects, residential properties, hotels and resorts, luxurious malls, as well as creating new smart cities such as Lusail, that uses smart integration systems across populated areas and venues and stadiums associated with the 2022 FIFA World Cup.

The Qatar Investment Authority plays a key role in diversifying Qatar’s source of income by attracting top expertise and invest in various markets, class assets, sectors, and geographies.

The business environment in Qatar, encourages foreign investors to conduct business activities that promotes innovation in a knowledge based economy, and free trade in an open market where they will be able to establish their own companies easily in Qatar. Also, Manateq advertises for the areas available for investment and is considered the primary operator for a number of logistic parks, industrial zones, and warehousing parks in the country.

The Qatar Free Zones Authority provides the needed support for companies in this regard as the case is in Ras Bufontas area that is located near Hamad International Airport and Umm Alhoul that is located near Hamad Port which facilitates sea freight and shipping activities for related industries, especially since Foreign investment in Qatar has witnessed noticeable growth following the establishment of law No.1 of 2019 on the investment of Non-Qatari Capital.

The benefit of this law is that it provides foreign investors incentives such as exemption of income tax, allocation of land, annual exemption from custom duties for equipment, machinery, raw materials and semi-finished and packaging material needed for industrial production that are not available in the local market, as well as allowing them to have up to 100 percent ownership per minister decree or exemption in all sectors except for banking and insurance, commercial agencies, and real estate.

Investment in Qatar is not only limited to its developmental projects, but also what contributes in achieving Qatar sustainable development in all areas and persevering its resources by focusing on industries that meet the demands of the local market and help achieve self-sufficiency in three focal areas: food, consumers goods, and medical supplies.

It is worth noting that ranked 1st in the middle east regional ranking and 13th globally in the 2020 Global Food Security Index.

Entrepreneurship in Qatar

The state of Qatar allows business entrepreneurs and developing companies the chance to work in a dynamic competitive economic environment. The Ministry of Commerce and Industry (MOCI) provides the needed support for companies in accelerating their reach to markets and suppliers through the establishment of corporate law No.11 for 2015 which helped in facilitating the procedures of establishing small and medium enterprise and cancelling the minimum capital amount for establishing Limited Liability Companies.

The Qatar Development Bank plays a big role in encouraging aspiring entrepreneurs & local start-ups, small to medium enterprises and capital owners to establish their own projects and get the needed support for its growth.

The Qatar Science and Technology Park (QSTP) also provides the perfect environment for companies and business owners to develop their tech products as well as dedicate an office space and an incubation center that aims to accelerate the establishment of tech companies.

Moreover, the Qatar Business Incubation Center (QBIC) helps entrepreneurs and start-up companies in every step of the way through its incubation programs that allows for support and accelerate their growth as well as launch into the market through the following programs:

Lean Acceleration Program: A Program that is specialized in accelerating the growth of established & promising companies and supports their reach to the market, assist in, recruiting the right talent, facilitating finance procedures, and training and guidance. Lean Startup Program: a program focused on helping entrepreneurs launch their products into the market by focusing on legal requirements, fundamentals of lean manufacturing and effectiveness of the business model, and customer validation. The program also helps startups on building and developing their capabilities in terms of launching their products into the market, and the benefits of these program is getting support in launching a factory with rent support, continues training, and office spaces, both residents and nationals can apply to this program.

Lean Fashion Program: a program specialized in providing comprehensive knowledge for fashion designers to transform their ideas into tangible products.

Explore Business Events in Qatar

Arranging Your Event

The Qatar National Tourism Council business event team will help you in the process of hosting meetings, seminars, conferences, conventions, or incentive trips through its state-of-the-art venues, providing you an exciting and enjoyable experience.

Step 1: Request for a proposal: Submit an online request and the business event team who will get in touch with you.

Step 2: Find a Venue: QNTC professionals will help you host your event and select the best world-class venues in DECC and QNCC that suits your needs with high class hospitality, allowing you to have a customized event planning experience.

Qatar Museums Venue Hire

Explore Qatar Museums venues that offers the best sites to host a range of corporate events and private ceremonies which include:

For more information, please visit the venue hire page on Qatar Museum website.

Explore Qatar

Among the perks of being in Qatar is the ease of moving and experiencing many fun activities in not so far-away places that are surrounded by the most prominent business centers.

Hopping on Doha Bus is a fun and educational experience and is the best way to explore Doha’s iconic landmarks, where you have the options of exploring major city attractions, cultural and heritage sites.

Start your day by visiting Katara, the pearl, or Msheireb Downtown Doha for a morning brunch or stop by Souq waqif cafes and restaurants that are full of life at night.

For more information on how to get around Qatar, please check the Visit Qatar website.