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QATAR INVESTMENT


Qatar also ensures that foreign investors can easily


import whatever is needed to establish, operate, or expand their projects. Authorities are most keen to see investors focus primarily on projects that use domestic raw materials, export industries or industries that provide new products or use modern technology. Qatar is also planning on establishing three free


trade zones. These include one near the new Doha International Airport (this free trade zone is for light industries and offices of financial, legal, trade and engineering consultancies), and another near the Industrial Area (for manufacturing industries and transport companies, with an emphasis on high-tech industries). Another free trade zone is designed near Mesaieed Industrial City, for petrochemical and other key downstream industries. For those planning on investing in Qatar, they can be


assured of the fact that the emirate’s political climate is stable. The emir of Qatar, Hamad bin Khalifa al Thani, has a program of gradual political and economic reform that appears to be broadly accepted in the country. The government’s policies towards foreign investments are among the best in the region too. With the emirate embarking on a renaissance of


sorts, this is the ideal time for any company planning on investing in the emirate. With a red carpet welcome for foreign investors to enter into, not just Qatar, but to the


whole Arabian Gulf regional market, it would certainly be worth considering Qatar as a viable business destination. There are new opportunities cropping across the emirate, primarily for new sports stadia, fitness cities, railways, airports, ports, tourist resorts and general construction too. Little wonder that a major United States oil company has invested US$16 billion in Qatar during its time in the nation. The returns on investment can be excellent. Despite the pervading global economic doom and


gloom, Qatar is proving to be a rare bright spot for investors. Time, money and energy exerted in investing in this country will certainly bear fruit, not just for the short time, but for the long run too.


John Fernando and research by Jemima Riley


ABOVE:


The pearl landmark on the Doha corniche


“Qatar ensures that foreign investors can easily import whatever is needed to establish, operate, or expand their projects”


FAMILY OFFICE: ASIA TOMORROW 113


SPECIAL FOCUS – QATAR


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