Qatar secures 20th rank in World Bank property registration procedure index
November 03 2018 08:09 PM
The Qatar economy 'demonstrated strong resilience' in Q4, 2017 despite the ongoing economic blockade

QNA

Qatar has risen six places on its property registration procedure index, climbing to 20th rank from 26th previously in the World Bank's 'Doing Business Report 2019'.

This improvement comes in the wake of the reforms and procedure easing introduced by the new property registration and authentication system, which links all relevant government bodies concerned with property registration and documents issuance.

The Ministry of Justice had held several meetings with the World Bank team, which was briefed on the new procedures and improvements introduced by the system in the course of work.

The system has developed property registration procedures and title deeds. While procurations have been updated and provided in secure templates, existing paper and stamp procurations have been replaced by secured documents with a hard-to-forge security stamp.

The World Bank said that Qatar has joined the list of countries that carry out concrete reforms to enhance the business environment and support the ease of practicing business activities, thanks to the procedures added by the project of development of real estate registration and documentation systems.

The project had won the 'Sheikh Salim Al Ali Information Technology Award 2018' in Kuwait.

The Sheikh Salim Al Ali Award committee has sent a congratulations letter to HE the Minister of Justice and Acting Minister of State for Cabinet Affairs Dr Hassan Lahdan Saqr al- Mohannadi, praising the project.



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