As many as 170 entities have established their presence in the Qatar Financial Center (QFC) since the beginning of this year; indicating the growing interests among the global businesses in the QFC platform despite Covid-19 challenges.
"Since the beginning of 2020, and despite the unprecedented economic impacts triggered by coronavirus, we have maintained our leading role in promoting Qatar’s lucrative investment opportunities and succeeded in attracting and welcoming more than 170 new firms to our platform," QFC Authority chief executive Yousuf Mohamed al-Jaida said, releasing its 2019 annual report.
This considerable increase is a testament of the competitiveness of the Qatari market, he said, adding it evidences the QFC’s determination to realising its 2022 strategic growth plan and further accelerating its progress towards its core mandate of supporting the diversification plans of the country.
Although global and local economies faced a set of "critical pressure and challenges" due to the pandemic; he said, "We are fortunate for the speedy and proactive response of our government and our public and private sectors, each of which are taking extensive measures that highlight the resilience of our leadership and our economy."
The remarkable (business) growth record (of 35%) of 2019 is a catalyst to further strengthen its outstanding business performance and even raise the bar of its promising plans in boosting Qatar’s economic development, according to him.
The QFC concluded last year on a high note, having more than 800 firms registered on its platform – representing a wide array of industries, spanning financial and non-financial sectors, including fintech, IT, and tax and investment advisories – hailing from diverse countries including the US, Canada, the UK, France, Germany, Switzerland, Jordan and India.
The "2019 Growth Report" highlights the QFC’s performance and continued expansion of its diversified business activities and network with world-renowned entities worldwide.
Year 2019 saw the launch of the Investment Promotion Agency of Qatar (IPAQ), which is registered on the QFC platform and aims to be a single and complete source for investment solutions in Qatar by attracting FDI (foreign direct investment) in all of the country’s priority sectors. IPAQ is testament to the nation’s FDI strategy and will complement the efforts of the QFC and other FDI platforms in Qatar.
Leveraging its connections across different markets, the QFC has signed 11 memoranda of understanding with key local and global stakeholders; including a key partnership with the Finance Office of the Presidency of Turkey to establish long-term co-operation between the Istanbul Financial Center and the QFC.
Additionally, the QFC signed agreements with Microsoft, which facilitates strategic cooperation and attracts international digital and IT businesses to Qatar, and also with Bloomberg Media Group, which brought the very first Qatar-based television studio to the QFC and further emphasised Qatar’s position as a thriving international media hub.
This considerable increase is a testament of the competitiveness of the Qatari market, he said, adding it evidences the QFC’s determination to realising its 2022 strategic growth plan and further accelerating its progress towards its core mandate of supporting the diversification plans of the country.
Although global and local economies faced a set of "critical pressure and challenges" due to the pandemic; he said, "We are fortunate for the speedy and proactive response of our government and our public and private sectors, each of which are taking extensive measures that highlight the resilience of our leadership and our economy."
The remarkable (business) growth record (of 35%) of 2019 is a catalyst to further strengthen its outstanding business performance and even raise the bar of its promising plans in boosting Qatar’s economic development, according to him.
The QFC concluded last year on a high note, having more than 800 firms registered on its platform – representing a wide array of industries, spanning financial and non-financial sectors, including fintech, IT, and tax and investment advisories – hailing from diverse countries including the US, Canada, the UK, France, Germany, Switzerland, Jordan and India.
The "2019 Growth Report" highlights the QFC’s performance and continued expansion of its diversified business activities and network with world-renowned entities worldwide.
Year 2019 saw the launch of the Investment Promotion Agency of Qatar (IPAQ), which is registered on the QFC platform and aims to be a single and complete source for investment solutions in Qatar by attracting FDI (foreign direct investment) in all of the country’s priority sectors. IPAQ is testament to the nation’s FDI strategy and will complement the efforts of the QFC and other FDI platforms in Qatar.
Leveraging its connections across different markets, the QFC has signed 11 memoranda of understanding with key local and global stakeholders; including a key partnership with the Finance Office of the Presidency of Turkey to establish long-term co-operation between the Istanbul Financial Center and the QFC.
Additionally, the QFC signed agreements with Microsoft, which facilitates strategic cooperation and attracts international digital and IT businesses to Qatar, and also with Bloomberg Media Group, which brought the very first Qatar-based television studio to the QFC and further emphasised Qatar’s position as a thriving international media hub.