Business & Economy in Qatar: Winter 2025/26 by Marhaba Information Guide, Qatar

Business & Economy in Qatar

BANKING AND FINANCE ECONOMY

COMMERCE USEFUL NUMBERS

INVESTMENT AND TRADE

THE HYDROCARBON INDUSTRY

INFRASTRUCTURE

INTERESTING READS

British Community Foundation

We are a non-profit community initiative dedicated to supporting and celebrating the British community in Qatar.

Whether you are new to Qatar or have called it home for years, we are here for you. From play group to padel leagues, social events for new arrivals to our winter bazaar, we offer something for everyone.

Head to our website or follow us on social media to find out more.

Business and Economy Business and Economy

Banking and Finance

•Useful Numbers: Banks and Exchange Houses

•The Banking Network • Currency • The Banking Sector

•Qatar Central Bank • Qatar Credit Bureau

•Loans, Bank Charges and Interest Rates • Accounts

•Islamic Finance • Financial Services and Insurance

•Anti-Money Laundering/Combating the Financing of Terrorism

Economy

•Economic Growth and Gross Domestic Product (GDP)

•Trade Surplus • The Budget

•Inflation and Cost of Living • Employment

Commerce Useful Numbers

Investment and Trade

•Overview • Incentives • Investment Regulations

•Choosing a Business Structure

•Company Structures • Commercial Registration

•Export and Import • Taxation • Intellectual Property

•Regulatory Bodies and Government-owned Entities

•Qatar Investment Authority • Qatar Financial Centre

•Qatar Stock Exchange • Real Estate

•Developers and Real Estate Agents Selling Property

The Hydrocarbon Industry

Feature – PPP Projects in Qatar

An overview of current and future

Public-Private Partnership (PPP) projects, including Sharq Crossing.

Infrastructure in Qatar

2026 Launch Year

Connecting Excellence

The British Chamber of Commerce Qatar (BCCQ) is the strategic transition of the QBBF.

The British Chamber of Commerce Qatar (BCCQ) is a member-led, Global British Chambers network and Embassy-aligned chamber, reimagined to meet the needs of a modern, connected and forward-looking business community.

Established in 1992, the Chamber empowers UK and Qatari businesses to grow, connect and lead through insight, trade and influence. BCCQ offers an in-country platform built on credibility, community and long-term commercial opportunity.

“BCCQ will redeﬁne British–Qatari trade and business in the Middle East — positioning Qatar as a strategic gateway for regional opportunity.”

Official Partner | Global Network, British Chamber of Commerce Collaboratively working with the Department for Business & Trade

More than a membership. A gateway to growth.

BCCQ is a respected bridge between UK businesses and Qatari opportunities, embedded within the British Embassy and aligned with government and trade policy.

A modern chamber, grounded in excellence and built for long-term impact.

Strategic connections across UK–Qatar markets

High-level events, forums and working groups

Credible insight, advocacy and visibility

Access aligned to government and Embassy stakeholders

Sponsorship & Partnership Opportunities

Partnering with the British Chamber of Commerce Qatar places your organisation at the forefront of UK–Qatar commercial engagement. Sponsorship offers strategic visibility, government and Embassy access, and alignment with a trusted international platform shaping future trade and leadership.

Choose from Foundation, Platinum or Elite level sponsorship and more.

For sponsorship enquiries: info@britishchamberqatar.com

Founder & Managing Editor

Hilar y Bainbridge

Editorial

Sarah Palmer (Editor)

Ola Diab (Deputy Editor)

Terr y Sutcliffe

Adver tising

Howard Bainbridge

Marrian Magtira

Retail Sales

Ayen Molina

Online/Digital

Weslee Dizon

Patrisha Manzon

Char lotte Wright

Juggy Gill

Khaled Emad

Design and Ar twor k

Dick Tamayo

Mar Principe

Marhaba endeavours to quote accurate information and updates each of its sections ever y issue. However, the company accepts no responsibility or liability for any false, inaccurate, inappropriate or incomplete information presented, whether in print, on the website, or on social media channels.

Dana Public Relations PO Box 3797, Doha, Qatar Tel (+974) 4465 0083, 4465 5533

General Information

marhaba@marhaba.com.qa

See also our maps Al Khor and the Northeast Coast

See also our maps Al Wakra, Mesaieed and the Southeast Coast

See our detailed

map of the area south of Doha MAP of AL WAKRA

Banking and Finance

Bank Telephone Website Currency and Exchange

Regional Banks

Ahlibank

4420 5222 ahlibank.com.qa

Commercial Bank of Qatar 4449 0000 cbq.qa

Doha Bank 4445 6000 qa.dohabank.com

Qatar Development Bank 4430 0000 qdb.qa

Qatar National Bank 4440 7777 qnb.com

Branches of Foreign Banks

Arab Bank Qatar 4438 7777 arabbank.com.qa

Banco Santander ¥

Bank Saderat Iran 4441 4646 bsi.com.qa

BNP Paribas 4453 7115 mea.bnpparibas.com

HSBC 4442 4722 hsbc.com.qa

Mashreq Bank 4408 3333 mashreqbank.com/qatar

Standard Chartered Bank 4465 8555 sc.com/qa

United Bank Limited 4444 1314 ubldirect.com

Islamic Banks

Dukhan Bank * 800 8555 dukhanbank.com

Lesha Bank § 4448 3333 qfb.com.qa

AlRayan Bank # 4425 3333 alrayan.com

Qatar International Islamic Bank 4484 0000 qiib.com.qa

Qatar Islamic Bank 4402 0888 qib.com.qa

Investment Banks

QInvest 4405 6666 qinvest.com

* Was Barwa Bank; merged with International Bank of Qatar in 2019

# Masraf Al Rayan merged with Al Khalij Commercial Bank in 2021; name changed in 2024

§ Was Qatar First Bank; name changed in 2022

¥ Representative office incorporated in the QFC in 2024

The Banking Network

Alfardan Exchange 4453 7777

alfardanexchange.com.qa

Al Jazeera Exchange 4449 2800 aljazeeraexchangeqatar.com

Al Mana Exchange 4442 4226 almanaexchange.com

Al Sadd Exchange 4432 3335/6 alsaddexchange.com

Arabian Exchange 4443 8300 arabianex.com

Gulf Exchange 4438 3222 gulfexchange.com.qa

Travelex Qatar 4498 1181/ 6675 8758 travelex.qa

Unimoni Qatar 4436 5252 unimoni.qa

Western Union 4453 7777 westernunion.com/qa

Bank branches and ATMs can be found extensively across the country. Visitors can usually access funds in their home accounts by using their cards here, with some ATMs allowing the withdrawal of USD and Euro – check for commission or exchange rate fees. Major credit cards are widely accepted. Exchange houses provide remittance services and foreign exchange, and are licensed by Qatar Central Bank (QCB). There are no exchange control regulations, but movement of money in and out of local accounts is monitored and a declaration of origin for large cash deposits may be required. Cash transactions above QAR50,000 are prohibited. The GCCNET system is a single ATM network linking all GCC point of sale switches – in Qatar this is NAPS (National ATM & POS Switch).

Branch opening hours: Generally Sunday – Thursday 7:30 am – 1 pm. Many banks have extended branch operations, particularly at malls; check the bank's website for timings and locations of branches and ATMs.

Digital branches and services: HSBC Msheireb Downtown Digital branch • QIB Video Banking via the QIB mobile app • Virtual assistants: Dukhan Bank (Rashid), Qatar Islamic Bank (Zaki) E-payment services: QCB has authorised digital payment services via the Qatar Mobile Payment (QMP) system, the instant national interoperable switch for mobile payments. In April 2025 QCB introduced a 'multiple wallets per mobile number' feature in the QMP system, allowing users to open two digital wallets with different payment service providers using the same mobile number. Participants: Ahli Bank • AlRayan Bank • Arab Bank • Commercial Bank of Qatar • Doha Bank • Dukhan Bank • HSBC • iPay (Vodafone Qatar) • Ooredoo Money • Qatar Islamic Bank • Qatar International Islamic Bank • Qatar National Bank. Fawran instant payment service: Fast, secure payments to individuals via Qatari mobile number or alias name. Global digital wallet services: Apple Pay, Google Pay and Samsung Pay are available and accepted in Qatar. Himyan: QCB's first national prepaid card, accepted at all ATMs, POS and online stores; Apple Pay was introduced to cardholders in June 2025, and to merchants via Qatar payment company Dibsy in July 2025.

PayPal: Goods and Services only – Friends and Family is not available.

The Ministry of Commerce and Industry mandates all commercial outlets in the country must provide an electronic payment service to customers without additional charges, nor impose charges for the use of debit/credit cards.

Currency

The unit of currency is the Qatari Riyal (QAR), divided into 100 Dirhams (Dh), issued by Qatar Central Bank (QCB). It is pegged to the US dollar at a fixed exchange rate of USD1 = QAR3.64.

The fifth series of notes were introduced in December 2020, with a new QAR200 joining the QAR1, QAR5, QAR10, QAR50, QAR100 and QAR500 notes. The old notes ceased to be legal tender on 31 December 2021, although the public can change the old notes at QCB for another 10 years. Banknotes incorporate security threads, as well as special features for recognition by the blind and visually impaired, and the new QAR500 note features a holographic security thread, the first in the Middle East to do so. Coins remain unchanged at Dh5, Dh10, Dh25 and Dh50.

The QAR1 note was changed in July 2025 (pictured) to align with laws regarding the official state emblem, Arabic numerals and date of issuance. The old QAR1 notes will remain in circulation. Changes to the other notes will be made at a later date, according to QCB.

Qatar, Saudi Arabia, Kuwait and Bahrain support the creation of a Gulf Monetary Union; the UAE and Oman have withdrawn entry. The GCC Supreme Council in 2008 approved the Monetary Union Agreement and the Statute of the Monetary Council. The Gulf Monetary Council headquarters opened in Riyadh in 2013 with monetary union proposed later that year. Qatar, Kuwait, Bahrain and Saudi Arabia subsequently agreed to establish a unified central bank with currency pegged to the USD. There has been no further action since 2013.

The Banking Sector

Overseen by Qatar Central Bank (QCB), the sector comprises local, regional, foreign and Islamic banks. State-owned Qatar Development Bank (QDB) provides financing to SMEs, while QInvest focuses on investment banking, asset management and investing its own capital.

Barwa Bank and International Bank of Qatar (IBQ) signed a final agreement in 2018 to merge the two banks, the first in Qatar's banking history, to create a Sharia-compliant financial institution. The legal merger was completed in 2019, trading as Barwa Bank, with IBQ products converted to Shariacompliant equivalents. Barwa changed its name to Dukhan Bank in 2020.

In 2020 negotiations began for merger between Masraf Al Rayan and Al Khalij Commercial Bank (al khaliji). Masraf Al Rayan was previously involved as a third bank in the merger between Barwa Bank and IBQ. Masraf Al Rayan and al khaliji's merger agreement in 2021 was completed later that year. al khaliji's business was absorbed into Masraf Al Rayan's, with the latter becoming the remaining legal entity operating in accordance with Islamic Sharia principles. Masraf Al Rayan changed its name to AlRayan Bank in November 2024.

The Cabinet has approved resolutions allowing a non-Qatari investor to own up to 100% of the capital in AlRayan Bank, Commercial Bank of Qatar, Doha Bank, Qatar Islamic Bank, Qatar National Bank, and Qatar International Islamic Bank. A revised loan-to-deposit requirement of 100% came into effect in 2018. The adoption of International Financial Reporting Standard (IFRS) 9 by QCB has strengthened the provision coverage at Qatar’s commercial banks – under the IFRS

standard, banks and financial entities have to set aside a certain proportion of profit against losses for unseen reasons. The Supreme Emergency Committee monitors the day-to-day activities of financial institutions in the country, addressing emergency matters and easing the flow of work.

In September 2025, the IMF stated in its staff visit to Qatar that 'banks continue to demonstrate strong capitalisation, liquidity, and profitability' and that 'recent stress tests conducted by QCB suggest that banks maintain adequate buffers to withstand potential shocks'.

Qatar Central Bank (QCB)

Under Law No 13 of 2012 Qatar Central Bank and the Regulation of Financial Services, QCB is deemed an autonomous corporate body, with a capital of QAR50 bn and under the direct control of The Amir. It is headed by a governor appointed by The Amir, and primary goals include financial stability, supporting developmental activities and strengthening the national economy. The law covers banks, insurance companies, exchange houses, Qatar Exchange and QFC-registered entities. Amiri Decision No 65 of 2021 appointed HE Sheikh Bandar bin Mohammed bin Saoud Al Thani as Governor of QCB. qcb.qa

Under Law No 13 of 2012, the Financial Stability and Risk Monitoring Committee shall study existing and future risks related to all banking, financial, insurance and stock market activities. The panel works closely with the Ministry of Finance to frame general policies.

The law provides strict penalties for anyone accepting deposits from the public without a valid licence from the banking regulator – violators can face a jail term of up to five years and/or a fine

of up to QAR5 mn. Refusing to accept the legal tender of Qatar incurs a jail term of three years and/or a fine of up to QAR5 mn, while issuing forged currency means 10 years in jail and/or a fine of QAR10 mn. Manipulating accounts incurs a prison term of up to three years and/or a fine of up to QAR200,000.

The Qatar Renminbi Centre opened in 2015, increasing financial connectivity between China, Southwest Asia and the MENA region. The centre provides access to China’s onshore RMB and foreign exchange markets to local financial institutions, facilitating trade with Chinese companies. qatarrmbcentre.com

Third Financial Sector Strategic Plan:

Issued in November 2023 to create a financial and capital market that leads the region in innovation, efficiency and investor protection and positions Qatar to unlock its full economic potential in line with its National Vision 2030. The strategy is based on four fundamental pillars: the banking sector, the insurance sector, the digital financial services system, and capital markets. These pillars support five common themes:

• Governance and regulatory oversight of financial sectors.

• Enhancing the role of Islamic finance. Digital innovations and advanced technology.

• Environmental, social, institutional governance, and sustainability.

• Talent and capabilities.

ESG (environmental, social and governance) and Sustainability Strategy for the Financial Sector: Issued in June 2024 to strengthen the financial system’s capacity to support national sustainability visions and goals. There are three pillars: financial sector climate, environmental and social risk management; capital mobilisation towards sustainable finance; and embedding ESG and sustainability as part of QCB’s internal operations.

The Sustainable Finance Framework was released in April 2025, which applies to all banks operating in Qatar and establishes principles of sustainable finance in accordance with international practices to promote responsible investment and lending.

Buy Now Pay Later (BNPL): QCB gave the first licence for the BNPL service to PayLater in March 2025, one of the five approved companies in the first cohort of submitted applications in April 2024.

BNPL is a short term interest free credit facility, allowing the customer – a Qatari resident aged 18 and above – to split the transaction amount into instalments to be repaid over a maximum of 12 months, via a merchant's online and offline

store, or a BNPL Provider's digital platform that aggregates multiple merchants.

The BNPL regulations apply to any provider operating in Qatar set up under the Ministry of Commerce and Industry, Qatar Financial Centre, Qatar Science and Technology Park or any other free zone authority/commercial licensing entity, but not banks or finance companies licensed by QCB.

Fintech regulations: Noting the increasing growth and popularity of fintech, QCB has launched the Regulatory Sandbox and the Express Sandbox. Registration opened in January 2025, inviting fintech companies, startups, and innovators in the financial sector to test technological solutions in a regulated and secure environment under the supervision of QCB. sandbox.qcb.gov.qa

QCB launched the National Fintech Strategy 2023 in March 2023 to 'support and reinforce a diversified economy and investments in Qatar based on financial technology and technological innovation,' according to the QCB Governor. There are four pillars to boost Qatar's economic growth:

• Establishing infrastructure eg advanced regulatory rules and electronic platforms to develop financial technology.

• Prioritising innovation and financial technology sector growth, especially Islamic financial technology and sustainable development, as well as insurance technology.

• Empowering companies and enhancing their performance by using financial technology solutions and making the State of Qatar a financial technology hub.

• Providing a smooth mechanism and support for the transition towards cash-less transactions.

This strategy will add to the number of initiatives already in place to support the fintech sector, such as electronic wallets, instant payments and transfers, and the first local prepaid electronic payment card (Himyan).

In April 2024, QCB issued its Cloud Computing Regulations, seeking to regulate the use of cloud computing in the financial sector, protect financial data, and promote digitisation and innovation, while in September the Artificial Intelligence (AI) Guideline was issued, to regulate the use of Al within the financial sector, increase customer satisfaction and reduce costs.

Qatar Credit Bureau

Bad loans have been reduced since the Bureau started operations in 2011. The centre cannot grant credit facilities to individuals nor impose restrictions on banks. The Bureau provides

analytical data and supports banks’ use of advanced techniques in risk management, as well as support sustainable growth of credit in Qatar. It provides banks with information on customers' total exposure in the market and the loans they hold, enabling banks to choose prospective customers. cb.gov.qa

Loans, Bank Charges and Interest Rates

Loans: Under QCB rules, the default period for a substandard loan is three months or more, for a doubtful loan six months, and a bad loan nine months. Banks have to closely monitor loan disbursement and forward reports on customer creditworthiness to QCB. There is also a duty to track and follow defaulting customers and seek resolution – if this fails, they will take legal action. Non-payment of loans could lead to a travel ban for Qatar and possibly the GCC.

QCB has imposed ceilings on the amounts a bank can lend as a personal loan to citizens and expatriates. Banks cannot lend more than QAR400,000 to an expatriate, over a maximum repayment period of 48 months, against a max 50% of total monthly salary, and at a max 6.5% interest rate. For Qatari citizens there is a max loan of QAR2 mn over a max 72 months. Banks cannot use post-dated cheques for the loan value.

Mortgages: New rules were introduced by QCB in July 2023, to be applied by Qatari banks and subsidiaries within the country. Branches and subsidiaries of Qatari banks outside the State of Qatar should comply with the instructions and conditions of the host regulatory authorities as long as the collaterals and financed properties are outside the country.

There are three categories:

• Ready and under construction residential properties for individuals, whose repayment sources are linked to the client's own sources, salary or any other non-real estate sources:

ø For Qataris, proprieties up to QAR6 mn –maximum loan-to-value (LTV) of 80% and max tenure of 30 years; above QAR6 mn – max LTV 75%, max tenure 30 years.

ø For residents, for properties up to QAR6 mn –max LTV 75%, max tenure 25 years; above QAR6 mn max LTV 70%, max tenure 25 years.

• Financing ready properties for individuals and companies for investment and commercial purposes, with the repayment depending mainly on real estate revenues:

ø For Qatari citizens and companies, which Qatari partners own not less than 51%, for property

value up to QAR10 mn – max LTV 75%, max tenure 25 years; over QAR10mn – max LTV 70%, max tenure 25 years.

ø For residents (individuals or companies), for property value up to QAR10 mn – max LTV 70%, max tenure 25 years; over QAR10 mn – max LTV 65%, max tenure 25 years.

ø For non-residents, property value up to QAR10 mn – max LTV 60%, max tenure 20 years; over QAR10 mn – max LTV 60%, max tenure 15 years.

• Financing real estate under construction for investment and commercial purposes with the repayment depending on the property revenues in whole or in part:

ø For Qatari citizens and companies, which Qatari partners own not less than 51% – max LTV 60%, max tenure 20 years.

ø Foreigners (residents and non-resident) – max LTV 50%, max tenure 15 years.

QCB rules for granting mortgages for salary customers states the debt burden ratio should not exceed 75% of the total salary for Qataris, and 50% for expatriates. If the customer obtains permanent residence in Qatar as a result of owning the property, the mortgage providers can extend the tenure to be similar to that of residents.

The amendments also state that for underconstruction property financing, the grace period, if granted, should not exceed three years and be within the overall tenure, with regular interest payments during this period on a monthly or quarterly basis.

Documents usually required: Valuation Report from an approved real estate agent • Salary assignment letter if the home loan is the first facility with the bank • ID card for Qataris or passport and valid residence card for expatriates • Copy of the Title Deed and map • Building insurance cover. Discuss provision for life assurance against any loan amount taken and consider updating your will.

Credit cards: Max 12% annual interest rate and usually only issued when customers transfer their salary or have an adequate deposit at the bank.

Interest rates: Announced by QCB on overnight deposit and loan transactions between QCB and local banks via the Qatar Money Market Rate Standing Facility, a monetary instrument through which local banks can request access to loan and deposit facilities with QCB at daily interest rates. QCB and Bloomberg jointly launched the first Qatar interbank offer rate (QIBOR) fixing in 2012 – the interest rate charged by banks in Qatar for interbank transactions.

Given the fixed parity between the Qatari riyal (QAR) and the US dollar (USD), QCB short term interest rates policies are subordinated to the fixed exchange rate policy, making QCB overnight interest rates closely related to its USD counterpart, the Fed Funds Rate. As of November 2025, the QCB Deposit Rate rate is 4.10%, the Lending Rate is 4.60%, and the Repo Rate is 4.35%.

Accounts

Standard bank facilities: Debit/credit cards, standing orders, money transfers, personal loans, vehicle loans, and mortgages on current and savings accounts (including joint accounts). Some accounts offer longer terms, higher interest and the option to save in USD, GBP and Euros.

24/7 telephone and internet banking services and apps offer additional options, while some services such as ordering a cheque book can be accessed via the bank's ATM network. With mobile banking a customer relations officer can visit you at home or work to assist with banking requirements. Most banks offer premium banking services.

The Wage Protection Scheme (WPS) is an electronic salary transfer system that ensures workers are paid as per their employment agreement, initiated by the Ministry of Labour and QCB. Employees therefore need a local bank account in order to receive their wages from the employer.

International bank account number (IBAN): Adopted in 2014 as a standard for identifying and numbering all bank accounts in Qatar. The system applies to all accounts in banks operating in the country, and can be found on bank statements or online in account details. The existing account number is not replaced; additional characters appear in front of the account number to form a 29‑character IBAN. All incoming and outgoing transfers to and from banks and financial institutions must use IBAN.

Opening an account: Documents usually required:

• A valid residence permit or work visa. A worker’s dependants (eg spouse and family) can open an account but may require his permission as he is their sponsor (check with the individual bank).

• Valid passport.

• For current accounts, a letter from the employer/ sponsor confirming the total monthly salary, with the company’s official stamp. You may have to transfer your salary to the new account.

• Some banks may ask to see your tenancy agreement to establish your residential address.

• Take copies of these documents, along with identity photographs. Ask for photocopies of any documents signed.

Closing an account: Start closing bank accounts 30 45 days before your last salary payment, and ensure your accounts have sufficient credit to cover loan and credit card payments (including any cancellation fees), as well as any utiility bills or traffic violation fines.

All outstanding bank loans and credit card balances must be paid off before you leave Qatar. Any end of service benefit payments will be withheld until the loans are cleared. You will then be given a signed and stamped letter to give to your employer/sponsor for payment of the gratuity. Leaving the country without paying off your loans could incur a fine or prison term if you wish to re enter.

Cheques: A chequebook can be issued with a current account. They are not widely accepted for instant payment; post‑dated cheques are commonly used for house rental payments. The onus of responsibility is on the banks not to encash cheques before the designated date. Issuing a cheque without the necessary funds in your account is a serious criminal offence and the bank or creditor may notify the police, leading to possible prosecution. Punishment for causing a cheque to bounce due to insufficient funds can be severe: jail terms of between three months and three years, and/or fines of between QAR3,000 and QAR10,000. The Capital Security Department records all cases electronically to speed up the process.

Under QCB instructions, the Qatar Credit Bureau lists individuals and companies who have issued at least one bounced cheque. Banks are not obligated to issue new cheque books to these customers unless the amount has been settled and their name removed. Banks must also report any customer who has issued a bounced cheque.

Credit cards: Available with all the usual privileges, with the credit limit determined by the cardholder's salary or savings balance. Family members may also be eligible for a card. Check at the time of applying for issuance and renewal fees, conversion charges, and payment options.

Since 2014 all card transactions made using the magnetic stripe inside and outside of Qatar will be declined. However, as certain countries (eg the US, India and the Philippines) still use the magstripe for transactions, customers should activate their card before travelling.

Offshore banking: Offshore banking can be a secure anchor for an expat's finances while out of their home country. Check with local banks for availability of international bank accounts in USD, GBP, or Euros.

Complaints: Unresolved consumer complaints can be made online to QCB's Consumer Protection Department. qcb.gov.qa

Islamic Finance

There are a number of Islamic banks in Qatar, the largest of which is Qatar Islamic Bank. Lesha Bank, regulated by the QFC Regulatory Authority, is the first independent, Sharia compliant investment bank.

Banks were required by QCB to separate their Islamic and conventional lending operations in 2011. Islamic banking by other conventional banks is barred from Qatar's market. QCB took this action due to certain supervisory and monetary issues, namely that holding both Islamic and non-Islamic deposits incurs different risks and reporting methods.

Law No 13 of 2012 requires that Islamic banks must have a Sharia board with at least three qualified members approved by the shareholders. Neither they nor members of their family may be employed or hold shares in the entity.

Institutions and services must abide by regulations set out in the holy Quran and Sharia (Islamic Law). Charging riba (interest) is haram (forbidden). Islamic banks charge fees for services and engage in profit sharing, enabling them to offer comparable facilities to those of conventional banks. Under a mudharabah (profit sharing) contract, the rabbul maal (owner of the money) authorises the bank to invest funds as per Sharia to make justifiable returns. Other concepts of Islamic banking include wadiah (safekeeping), musharakah (joint venture), and ijarah (leasing). Bai (saving) is halal (allowed).

Financial Services and Insurance

QCB is the supreme authority with overall control, regulatory responsibility and supervisory powers for all financial services providers in Qatar, including banks, Islamic financial institutions, insurance and reinsurance companies and other financial institutions. The provision of any financial service or the conduct of any financial activity or business (including insurance and reinsurance) is prohibited unless a licence is granted by QCB.

Financial services are provided by entities registered with the Qatar Financial Centre (QFC). Insurance products are widely available from local and international companies (see Living in Qatar).

Under Law No 13 of 2012 QCB and the Regulation of Financial Services, only local insurance providers are permitted to underwrite any kind of risk against

properties in Qatar. Decision No 1 of 2016 issued by the Governor of QCB provides instructions related to licensing, regulation and controls, risk management, accounting, and other requirements. Decision No 7 of 2019 has further instructions for licensing, organising and supervising the services of supporting insurance providers. It set out the competencies and expertise, the nature of the work, areas of responsibility and functions, and the establishment of professional and ethical codes of conduct.

QCB continues to regulate and develop the insurance market under the National Fintech Strategy 2023 launched in March 2023.

Anti-Money Laundering/Combating

the Financing of Terrorism (AML/CFT)

Qatar is a founding member of the Middle East and North Africa Financial Action Task Force (MENAFATF), and also a member of the Financial Action Task Force (FATF).

Law No 20 of 2019 on Combating Money Laundering and Terrorism Financing was issued in September 2019, replacing Law No 4 of 2010, with implementing regulations following in December. The law is in accordance with the latest standards adopted by major international organisations including FATF, highlighting Qatar's regional role in setting standards in its legal and regulatory framework for AML/CFT.

The Qatar Financial Information Unit (QFIU) is a government regulatory agency responsible for financial intelligence efforts to combat money laundering and financing terrorism. Banks, investment companies, insurers and other financial institutions must report suspicious financial transactions, which are analysed by the QFIU and disseminated to law enforcement authorities for further investigation and action. qfiu.gov.qa

The QFIU is part of the National Anti-Money Laundering and Terrorist Financing Committee (NAMLC), which works closely with financial regulators and other authorities in Qatar, alongside international bodies, to ensure the effective implementation of Law No 20 of 2019, as well as other legislation. The NAMLC is chaired by the Deputy Governor of QCB. namlc.gov.qa

In 2023, the FATF report on Qatar’s initiatives for anti-money laundering claimed that Qatar has made substantive improvements to its system to combat money laundering and terrorism financing and its technical compliance with FATF requirements is strong. m

QFMA Issues Code of Governance for Listed Companies

By Sarah Palmer

The Qatar Financial Markets Authority (QFMA) recently announced the issuance of the Code of Governance for Listed Companies, known as the New Code, replacing the previous 2016 framework.

In accordance with the Board of Directors Resolution No 5 of 2025, all parties covered by this system are required to ensure compliance with its provisions within one year from the date of its publication in the Official Gazette. This means that companies who are still applying to convert into a Qatari Public Shareholding Company (QSPC) and be listed on the Qatar Stock Exchange (QSE) may have to make adjustments in order to comply with the New Code.

QFMA has been working on a new Governance Code since 2022, with the draft having been published online for public consultation. Preparation of the draft came after conducting studies and comparisons with many other financial markets in order to adhere to the best international practices and standards.

This new code is necessary to keep up with the advancement of the capital market's regulatory framework to meet the highest international standards, and has been drafted to also suit the characteristics of Qatar's financial market. It aims to reinforce transparency and integrity while also safeguarding shareholders' rights.

In a conversation with Qatar News Agency, Khalid Saif Al Sulaiti, Director of the Governance and Disclosure Department at QFMA, said that the code introduces disclosures on companies' adherence to sustainability, corporate social responsibility, and climate-related standards, requiring listed companies to publish periodic reports, as well as material news and financial statements. A guidance manual will be available from the ministry to assist companies in complying with these standards.

He further stated that the code also sets out a clear and detailed mechanism for the nomination and election process and includes an annex explaining the procedures from the opening of nominations through the formation of the board and its committees, specifying the types of members, whether independent, non-independent, executive, or non-executive, as well as the mandatory committees that must be established.

He commended listed Qatari companies for adhering to governance standards, as it maintains their standing both domestically and internationally and provides confidence to clients and suppliers. The regulations play an important role in enhancing investor confidence, particularly in allowing foreign investors to assess the regulatory environment before entering the market.

What the New Code covers and its key amendments

The rules and provisions of the code are based on recommendations by international institutions in connection with corporate governance, with additional best regional and international practices. Each company is required to develop a policy, approved by the board, for disclosure and transparency as per the relevant international principle, that benefits the company, its stakeholders, and relevant authorities.

Board of directors:

• The minimum number of board members has been raised from five to seven, with a maximum of eleven.

• A minimum of three independent board members is required; this was previously one-third of the board.

• The majority of the board must be non-executive members.

• New eligibility criteria and restrictions on shareholding, employment, and term limits (maximum of two consecutive terms) now apply to independent board members.

• The code has a clear, detailed process for nominations and elections, defining the roles of independent, nonindependent, executive, and non-executive members.

Enhanced disclosure and reporting:

• Listed companies must now disclose their adherence to standards concerning environmental, social, and corporate governance (ESG), along with sustainability, social responsibility, and climate-related practices.

• Companies must publish periodic reports of ESG efforts and standard financial statements.

• Boards must adopt and publish a board-approved policy on disclosure and transparency.

Shareholder rights and equality:

• The code reinforces the 'one-share, one-vote' principle for all shareholders, regardless of the number of shares they hold.

• It requires shareholder approval for significant transactions such as capital changes, mergers, acquisitions, and buyouts.

Other significant updates:

• The new code applies to companies on both the Main Market and the Venture Market, unlike previous regulations that focused only on the Main Market.

• Companies have a one-year grace period, ie until August 2026, to fully comply with the new provisions. The QFMA may grant extensions, for one or more additional one-year periods.

• The code is designed to align Qatar's regulatory framework with international best practices from organisations like the International Organization of Securities Commissions (IOSCO), the Organisation for Economic Co-operation and Development (OECD), and the International Sustainability Standards Board (ISSB). A set of principles were observed in drafting the provisions of this Code, including transparency and clarity, justice and equality, and responsibility, oversight, and accountability.

Companies going through the listing application process should check with the QFMA to confirm whether they may proceed with their current applications.

About the Qatar Financial Markets Authority (QFMA)

The QFMA was established under Law No 33 of 2005 to regulate and supervise the financial markets in Qatar as an independent regulatory body. Law No 8 of 2012 gave wider responsibilities due to developments in the financial markets.

Key roles and functions include:

• Oversight and supervision to ensure fairness, transparency and efficiency, and enforcement powers over capital market activities, including combating financial crimes related to the market.

• Investor protection to maintain confidence in the securities market.

• Regulation and licensing of financial service companies, brokers, auditors, and other participants.

• Development of financial services to improve products available to investors.

The QFMA announced in September 2025 that it was changing its official logo, 20 years after its establishment. The QFMA has now joined the collective governmental visual identity of the State of Qatar after adopting the official emblem of the State in its new logo. This move reflects the well-established connection between the QFMA and the national identity, and also increases its presence locally and internationally.

For more information about the QFMA and its activities and regulations, visit qfma.org.qa m

Economy

Economic Growth and Gross Domestic Product (GDP)

The economy successfully weathered both the COVID-19 pandemic and the blockade imposed on 5 June 2017, with positivity after borders reopened following the AlUla Declaration in January 2021.

An International Monetary Fund (IMF) staff visit in September 2025 stated that 'Qatar’s economy continues to demonstrate resilience, supported by forward-looking policies and large hydrocarbon wealth. The government is actively advancing reforms under its ambitious Third National Development Strategy (NDS3), which focuses on accelerating diversification, enhancing competitiveness, boosting productivity, and promoting climate sustainability'. imf.org

According to the National Planning Council (NPC), in Q2 2025 the economy showed real GDP growth of 1.9% year-on-year (y-o-y), reaching QAR181.8 bn at constant prices. This growth was driven primarily by non-hydrocarbon activities, which grew by 3.4%, and accounted for 65.6% of real GDP, reflecting the effectiveness of diversification policies outlined in the NDS3 and Qatar National Vision 2030 (QNV2030). npc.qa

Export, Import and Trade Surplus

According to the NPC, in Q2 2025 there was a merchandise trade balance surplus of QAR48.1 bn, a decrease from QAR54.5 bn y-o-y. Total exports amounted to QAR80.7 bn, down 5.1% y-o-y and down 8.4% against Q1 2025. Imports totalled QAR32.6 bn, an increase of 6.9% y-o-y and up 0.1% against Q1 2025. Asia was the principal destination for Qatar's exports and imports, at 74.1% and 71.7% respectively. The EU represented 8.7% of exports and 24.4% of imports, and the GCC accounted for 12.5% of imports.

The Budget

The State Budget for 2025, announced in December 2024, projects total revenues of QAR197 bn. HE Ali bin Ahmed Al Kuwari, the Minister of Finance, stated that Qatar continues its conservative approach in estimating oil and gas revenues, adopting an average oil price of USD60 per barrel to ensure financial flexibility and sustainable spending patterns.

existing ones, and construct new buildings for the College of Dentistry and the College of Nursing. The health sector is allocated QAR22 bn, to complete the construction of new hospitals and develop existing facilities for Hamad Medical Corporation and the Primary Health Care Corporation. Allocations for these sectors represent around 20% of the total budget.

Allocation for the municipality and environment sector is QAR21.9 bn, for projects like the establishment of a shelter and care centre for wildlife, development and rehabilitation of the Al Maha Wildlife Reserve in Al Sheehaniya, rehabilitation and maintenance of the central veterinary laboratories building, development of farm complexes, and expansion of the Aquatic Research Center.

The sports sector is allocated QAR6.6 bn to upgrade and develop facilities at Aspire Zone, the Qatar Racing and Equestrian Club, the Qatar Equestrian Federation, and the Al Uqda Equestrian Complex, as well as the development of covered sports halls and facilities under the Ministry of Sports and Youth.

Commercial affairs are allocated QAR3.9 bn, transportation QAR3.9 bn, tourism and culture QAR3.6 bn, telecommunications QAR3 bn, social services QAR2.7 bn, and research and development QAR1.1 bn. Allocations for salaries and wages have increased to QAR67.5 bn, up 5.5%.

Inflation and Cost of Living

The IMF in September 2025 reported that moderate inflation is expected despite robust economic growth. Qatar’s consumer prices would rise by 1.2% in 2025. It is expected to stabilise at around 2% over the medium term, due to LNG expansion, public investment, and a strengthening tourism sector. The NPC states that consumer prices remain stable, with inflation largely contained within expected levels.

Employment

Projected oil and gas revenue is QAR154 bn, down 3.1% compared to 2024, while non-oil revenues remain unchanged at QAR43 bn. The budget's total expenditure is QAR210.2 bn, up 4.6%.

The education sector is allocated QAR19.4 bn, with plans to construct 11 new schools, renovate seven m

The World Bank states Qatar has one of the lowest percentages of unemployed people, declining from 0.81% in 1991 to 0.1% in 2024. Qatar has been a member of the International Labour Organization (ILO) since 1972 and has ratified six conventions including five of the fundamental conventions. In 2018, Qatar and the ILO started the first phase of a technical cooperation programme (TCP) to carry out extensive labour reforms with Phase 2 from 2021 to 2024. Phase 3 will run from 2024 to 2028 and aligns with the Third National Development Strategy (NDS3) and Qatar National Vision 2030.

Commerce

Qatar is a member of the World Trade Organisation and its trade policies create a competitive international trading market. The government supports the growth and success of businesses in a bid to diversify the economy. Qatar is a member of the Gulf Cooperation Council (GCC), which also includes Bahrain, Kuwait, Oman, Saudi Arabia and the United Arab Emirates. Following the ending of the blockade in 2021, Qatar has resumed trade with Saudi Arabia, the UAE, Bahrain and Egypt, and has continued to strengthen relations with a number of other countries such as Turkey, Oman, Kuwait, India, China, the UK and the US.

Embassies can provide valuable information on commercial activities and can connect you with their business council/chamber of commerce – see the Discovering Qatar section for contact details. Translation services can be found in Day-to-Day Qatar in the Living in Qatar section.

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Strengthening Bilateral Ties Between Australia and Qatar

AQBA was launched in September 2024 by the Australian community and business leaders in Qatar, connecting two leading nations through networking opportunities, educational resources, and exclusive beneﬁts. By strengthening bilateral and trade relations, AQBA works to support the long-term economic vision of each country.

Membership Beneﬁts:

Access to the Australian business community in Qatar

Access to a wide range of networking events

Exclusive membership discounts

To register your interest, please contact info@aqba.qa

Investment and Trade

Qatar has one of the fastest growing global economies thanks to the world's third largest concentration of natural gas reserves. Recent legal liberalisation, economic diversification and an expanding economy provide many investment opportunities for non-Qataris. Investors have unrivalled world connectivity via Hamad Port, one of the largest in the region, and the world’s best airport, airline and air cargo carrier. Profits can be repatriated as can proceeds of sale and capital on liquidation. Major investment sectors are hydrocarbons, education, and financial and legal services, alongside ICT, sport, leisure and healthcare.

Under Qatar National Vision 2030 (QNV2030), several initiatives have been launched to diversify the economy and attract foreign direct investment. The Third National Development Strategy (NDS3) unveiled in 2024 states that Qatar is aiming for a 4% growth in non-hydrocarbon gross domestic product (GDP). As noted by the Investment Promotion Agency Qatar (IPA Qatar), the State ranks among the world’s top destinations for foreign direct investment (FDI), due to strong economic and investment momentum. There are even more opportunities due to the Ministry of Commerce and Industry reducing fees by up to 90% for certain services.

Incentives

The government welcomes foreign participation in joint ventures, with a number of incentives:

• A developed infrastructure and ICT network.

• Easy access to world markets with good sea and air connections, continuously being upgraded.

• Natural gas, electricity, water and petroleum at subsidised rates.

• Land for development in the Industrial Area near Doha for nominal fees – companies can submit a request to the Ministry of Municipality for a lease contract of a plot under the Doha, Al Khor, Al Thakhira and Al Shamal Municipalities.

• Loans available from Qatar Development Bank.

• Fixed parity between the Qatari riyal and US dollar (USD1 = QAR3.64).

• No customs duty on the import of plant machinery; exemption from export duty.

• Five-year renewable tax holidays (based on government approval).

• No income tax on the salaries of expatriates.

• Tax on the profits of foreign-owned stakes in Qatari companies applied at a flat rate of 10%.

• Employment and immigration rules enabling the import of skilled and unskilled labour.

Investment Regulations

There are primarily two regulatory jurisdictions for foreign investors seeking to conduct commercial business in Qatar: the regulations of the State of Qatar, and the rules and regulations of the Qatar Financial Centre (discussed in more detail below).

Qatar also recently introduced new free zones designed to encourage certain bespoke investment vehicles to bring their businesses to the region.

Non-Qatari investors may only invest in Qatar in accordance with Foreign Investment Law No 1 of 2019:

• In January 2019 the Amir promulgated the new foreign investment law of 2019. According to

the new law, foreign investors are permitted to hold more than 49% in commercial companies with special permission from the Minister of Commerce and Industry (MoCI) (subject to some prohibitions set out below). Under the former law such increased ownership was limited to those businesses operating in a specific set of sectors.

• Non-Qatari investors are prohibited from being appointed as commercial agents under Commercial Agencies Law No 8 of 2002, but the former prohibition preventing foreigners from investing in real estate businesses has been removed under the new Foreign Investment Law. Approval from the Council of Ministers is required for foreign investment in banking and insurance.

• Foreign capital is protected against expropriation (although the State may acquire assets for public benefit on a non-discriminatory basis, provided the full economic value is paid for the asset).

• Subject to Ministerial approval, a foreign company performing a specific contract in Qatar may set up a branch office if the project facilitates the performance of a public service or utility.

• A non-Qatari company operating in Qatar under a Qatari government concession to extract, exploit or manage the State's national resources is exempt from the Foreign Investment Law. In practice this covers all large oil and gas companies.

• A company formed by a non-Qatari entity with the government or a government entity ('Article 207 Company') may be subject to special rules and exemptions from the Commercial Companies Law No 11 of 2015.

• All international companies securing mega infrastructure development work must share at least 30% of the contract with local entities.

• Law No 7 of 1987 governs the practice of commercial activity by GCC citizens in Qatar, and was amended in April 2017 under Law No

6 of 2017. GCC citizens as individuals or legal personalities can practise retail and wholesale trade in Qatar. However, the GCC citizen engaging in the activity must be directly responsible for it. Those undertaking retail business must do so via direct sale to customers in a shop, and those in wholesale trading are required to import and export the goods. NB: following the signing of AlUla Declaration regarding the blockade against Qatar, legal advice is recommended for this type of commercial activity.

• Law No 12 of 2020 regulating the partnership between the public and the private sector became law in July 2020, as per one of the following regulations: Allocation of land through a rental or usage licence, for development by the private sector; build-operate-transfer (BOT); buildtransfer-operate (BTO); build-own-operate-transfer (BOOT); operations and maintenance (OM); or any other form adopted by the Prime Minister, upon the proposal of the relevant minister. The Government or other administration may, on its own initiative or at the suggestion of the private sector, identify a project for its implementation through partnership.

Choosing A Business Structure

To conduct business in Qatar on a regular basis, foreign investors are required to establish or register a legal presence from the following options:

• Incorporating as a company under the Commercial Companies Law which allows full access to Qatar's market and to work on an unlimited number of projects. A Qatari partner is required to own 51% of the capital of the company, except in the circumstances mentioned above. Various exemptions are available to attract foreign capital.

• Obtaining a licence for a branch office or trade representation office which does not require a Qatari partner. The licence for a branch is granted in respect of a specific project for a government client. The existence of the branch office is dependent on the duration of a particular project: once the project is completed, the branch office must close unless it has secured additional qualifying projects. Branch offices are only permitted to perform a specific contract and may not engage in general commercial activities with the larger local market. The branch will be fully taxable unless granted a special exemption. Trade representation offices are only permitted to market goods and services; they are not permitted to engage in commercial activities.

• Under Law No 7 of 2017 companies in GCC states can now establish companies in Qatar, subject to having had a commercial registration in one of the GCC states for at least three years, and be fully owned and managed by a GCC citizen. Refer to the preceding caveat in Investment Regulations regarding the blockade.

• Appointing a commercial agent means a nonQatari company does not establish a presence in Qatar; instead a 100% owned Qatari entity or Qatari national is appointed as an agent to market the relevant goods and services. Commercial agencies must be exclusive and registered in order to be afforded the protections provided under the Commercial Agents Law No 8 of 2002; non-registered distributorships are subject to the Commercial Law No 27 of 2006.

• There is a separate regime for establishing an entity in the Qatar Financial Centre (QFC). This allows 100% foreign ownership and aims to attract international financial services companies and some professional support companies to invest in Qatar. The number of permitted activities in which a QFC firm may engage has been increased to include a broader spectrum of investment options.

• The Qatar Science and Technology Park (qstp.qa), a free zone in Education City, allows companies to engage in research and development, again with full foreign ownership.

• The Qatar Free Zones (qfz.gov.qa) accept applications from international investors in key sectors, at these locations:

ø Ras Bufontas, a 4 sq km site adjacent to Hamad International Airport – a technology and manufacturing hub for businesses requiring international connectivity.

ø Umm AlHoul, a 30 sq km site adjoining Hamad Port, south of Al Wakra – offers easy access to the water for maritime and logistics companies, and is a gateway for imports and exports. A port and marine cluster, 'Marsa', is able to support a wide range of marine businesses.

• The Cabinet has added some areas to the Free Zones Law, including Msheireb Downtown Doha, where Media City, established under Law No 13 of 2019, will focus on managing and developing media activities.

• Under Ministerial Decision No 242 of 2016, the MoCI will grant licences for small businesses at home conducting certain commercial activities including sewing, events services, electronic services, business services, cosmetic activities and food activities. A single licence is issued per

activity, with an annual fee, and cannot involve direct sales to the public from the residence. A further 48 activities were announced in 2024, bringing the total to 63. Applications can be made through the MoCI Single Window portal at moci.gov.qa

Company Structures

According to the Commercial Companies Law No 11 of 2015, the following structures are permitted:

• Limited liability companies (LLCs) – subject to the Foreign Investment Law can now be established by a single person owning the entire share capital (previously the minimum number of shareholders was two). This replaces the single person company under the old companies law. Shareholders can determine the share capital of an LLC (previously the minimum share capital was QAR200,000 divided into equal shares).

• Article 207 company – a shareholding company where the Qatari government, a government owned entity or a public corporation must own 51% of the shares, unless the Council of Ministers consents otherwise. Certain provisions of the Commercial Companies Law are excluded from the company’s Articles of Association.

• General partnership – joint partners administer the affairs of the company, and trustee partners contribute to the company's capital.

• Simple limited partnership – a local entity formed by two or more Qataris.

• Limited partnership with shares – formed by joint partners, liable for the debts, or trustee partners, whose liability is limited to the share value.

• Unincorporated joint venture – formed by two or more people pursuant to specific contractual arrangements. The unincorporated joint venture does not have a separate legal personality distinct from its partners.

• Joint stock company (public or private) – the capital is divided into shares with a minimum of five shareholders. Permissible foreign share ownership depends on the type of company and is subject to Qatar Financial Markets Authority approval.

• Holding company – incorporated as a joint stock or limited liability company. The holding company must hold at least 51% of the shares in each of the companies under its control.

Commercial Registration (CR)

Virtually all companies use a government liaison officer or facilitator to assist with establishment

formalities. Under Qatar Commercial Registration Law No 25 of 2005, companies must be approved or registered by one or more of the following entities: Ministry of Commerce and Industry (MoCI); Qatar Chamber; Ministry of Municipality; Ministry of Interior; Importers' Register/ Contractors' Register; and QFC Authority (where appropriate). Visit moci.gov.qa for details.

Amendments were made under Law No 20 of 2014 to expedite registration procedures, followed by Decisions 30 and 31 of 2019:

• The MoCI must respond to the applicant's request for registration on the same day.

• Reasons must be given for rejected applications. The Minister must accept or reject an appeal of the Ministry's decision within 15 days.

• Incorporated branches must be in the exact name of the principal company, and are not considered separate legal entities.

• Amendments have also been made to penalties for those operating commercial premises without a CR, misusing the CR, and providing false/ wrong documents.

• Renewals, trade name changes and other modifications are now online services only at investor.sw.gov.qa

Export and Import

According to the National Planning Council (NPC), total exports in Q2 2025 was QAR80.7 bn. There are no duties on exports. Imports in Q2 2025 was QAR32.6 bn. Asia was the principal destination for Qatar's exports and imports. See Economy in this section for more details.

Import tariffs

Importers of goods into Qatar must sign up to the Importers' Register and be approved by Qatar Chamber (QC). Customs duty and legalisation fees are levied on all commercial shipments, irrespective of its value. All goods imported into Qatar are subject to customs duties, based on a percentage value of goods (usually 5%), or on a 'per unit' basis. Effective from 2021, incoming parcels and personal shipments with a cost, insurance and freight (CIF) value exceeding QAR1,000 is liable to 5% customs duties.

Customs duty tariffs fall under these categories:

• Personal effects and household items, imports of charitable organisations and returned goods, diplomatic and military exemptions, merchandise for ‘free zones’ and duty-free shops – Exempt. Goods in transit may be accepted at designated stations without duty.

• General cargo, eg clothing, perfumes, cars, electronic appliances and devices – 5%

• Steel – 20%

• Urea and ammonia – 30%

• Cigarettes, tobacco and its derivatives – 100% or QAR1,000 per 10,000 cigarettes, whichever is higher

Law No 25 of 2018 on Excise Tax came into effect 1 January 2019. All businesses that import, produce or store/stockpile excise goods must comply with the requirements stipulated under the law. The following goods are subject to Excise Tax:

• Tobacco products, energy drinks, special goods – 100%

• Carbonated drinks (non-flavoured aerated water excluded) – 50%

In accordance with the Gulf Cooperation Council (GCC) Customs Union, more than 800 goods are exempted from customs duties, alongside exemptions granted to certain bodies and persons under Customs Law No 40 of 2004. There are fees for the attestation of the Certificate of Origin (from QC) and a tariff for the attestation of the Commercial Invoice, based on shipment value.

Qatar implemented the World ATA Carnet Council in 2018, an international customs system with nearly 80 member countries, permitting the dutyfree and tax-free temporary import and export of goods for up to one year.

Through the Authorised Economic Operator (AEO) launched in 2019, the General Authority of Customs (GAC) aims to develop partnership and cooperation with the private sector by granting customs benefits and facilities to companies involved in the supply chain in international trade, as per the World Customs Organisation (WCO) Framework of Standards to Secure and Facilitate Trade (SAFE).

Import regulations

All commercial shipments are examined by GAC prior to clearance. The Qatar Electronic Customs Clearance Single Window (Al Nadeeb) is the one-stop e-government system to facilitate international trade. customs.gov.qa

Regulations were introduced in 2013 to prevent fake products from entering the market. All general goods must have non-removable marking of their place of manufacture to be eligible for customs clearance. This applies to both air and sea freight. The import of vehicle tyres, spare parts and electrical home appliances has to be based on a 'certificate of conformity' issued by the authority concerned. All general cargo for customs clearance

must be backed by an original commercial invoice on the shipper’s letterhead, with stamp and signature. They also require attestation by QC. The packing list of each consignment must have the number of pieces, weight and volume.

All importers must obtain an HS Code, an international system for classifying traded products. This must be linked to the trader's Commercial Registration and import licence. Following Amiri Decree No 98 of 2024, the Integrated GCC Customs Tariff was implemented on 1 January 2025. The new tariff system comprises 12-digit tariff codes (previously 8 digits), so products can be classified for purposes such as determining the customs duty rate, nontariff barriers, and statistics.

The GAC has recently completed a direct electronic integration between Al Nadeeb and the Digital TIR Carnet Service of the International Road Transport Union in association with QC, which enables the exchange of data related to the road transport of goods governed by the International Road Transport Convention, ensuring a smoother flow of shipments through land ports by enhancing tracking accuracy and increasing transparency and control.

In September 2025, the GAC launched the Customs Documents system to automate archiving and create a unified central database for customs documents. The system uses artificial intelligence (AI) to analyse document content to enhance work efficiency and facilitate access to information, while also ensuring data protection and confidentiality.

Points of entry

Imports and exports transit via Hamad International Airport, Hamad/Doha/Mesaieed/ Ruwais Ports, Ras Laffan and the Salwa Overland Terminal.

Regulations for individuals and travellers

The GAC has specific exemptions and declaration requirements regarding luggage, personal belongings, gifts, household items, and the transfer of money or valuables across borders.

As per Law No 20 of 2019 on Anti-Money Laundering and Terrorism Financing, any person entering or leaving Qatar and in possession of any currency, bearer negotiable instruments, or precious metals or stones, equivalent to or exceeding QAR50,000 (or its equivalent in foreign currencies), must complete a declaration form, and provide any other information as requested.

Banned imports include alcohol, pork and e-cigarettes. The import of pets is allowed, although certain breeds are not permitted.

Taxation

There are no personal taxes or statutory deductions from salaries in Qatar. Under Law No 24 of 2018 on Income Tax ('the New Tax Law') and its executive regulations, companies must pay tax on all profits at a flat rate of 10%. This is on all corporate income from sources in Qatar, whether the entity has a physical presence in Qatar or not. The share of the profits due to a Qatari or GCC partner is exempt from tax.

Tax exemption applies for certain activities, and companies listed on the Qatar Stock Exchange are also exempt, but companies are required to pay a 2.5% contribution to charitable and cultural activities. Taxpayers need to register with the Public Revenue and Taxes Department. Auditors must be a firm based in Qatar and registered with the MoCI or approved by the QFC. Services are offered by the General Tax Authority via the Dhareeba portal.

In 2016 GCC members agreed to introduce VAT in early 2018. The Qatar Value Added Tax (VAT) Law and Excise Tax Law and Executive Regulations was approved in May 2017, based on the unified GCC agreement. To date, only the Excise Tax has been implemented.

Intellectual Property

Under Law No 9 of 2002, a trademark registration is valid for 10 years from the date of filing the application, renewable for further consecutive periods of 10 years. The court may be ordered to cancel a trademark registration if the owner fails to use it in Qatar within five consecutive years from the date of the registration.

Copyright Law No 7 of 2002 gives protection to authors of original literary and artistic works. Protected works include books, lectures, musical works, photographic works and computer software. The economic rights of the author/owner are protected during the lifetime of the author/owner, and for 50 years after his death.

Patent Law No 30 of 2006 provides for the registration of inventions and foreign patents at the Qatar Patent Office; implementing regulations were issued by the Minister of Commerce and Industry under Decision No 153 of 2018.

Qatar announced its accession to the Patent Cooperation Treaty in 2011. The Law of Trademarks in the GCC Countries was promulgated under Law No 7 of 2014, and in the same year Qatar signed a cooperation agreement with the World Intellectual Property Organisation (WIPO) to jointly improve services. There is an electronic trademark

registration service on the MoCI website to expedite submissions and preserve IP rights. Law No 10 of 2020 on the protection of industrial designs was issued to offer more comprehensive protection for designs, once the implementing regulations are issued, as previously protection was sought by publishing cautionary notices in Qatari newspapers.

Qatar acceded to the Madrid Protocol in May 2024 and is the 115th Member of the Madrid System, a practical and efficient solution for protecting trademarks worldwide. This brings the total number of countries in which it is possible to secure trademark protection via a single application to 131.

The Madrid Protocol came into force in August 2024, and allows for the centralised filing of trademark applications across multiple countries. Companies and entrepreneurs in Qatar can now seek protection via one application in one language (English, French or Spanish). Trademark holders in any other Madrid System Member can seek overseas protection of their trademark in Qatar, while holders of existing international trademark registrations will be able to expand its geographical scope to include Qatar. Trademark holders in four of the GCC countries – Bahrain, Oman, Qatar, and the UAE – can now use the Madrid System.

Regulatory Bodies and Government Entities

Investment and Trade Court A4

The court was established under Law No 21 of 2021, specialising in investment and trade issues and increasing the pace of resolving commercial disputes. Work commenced in 2022 using a stateof-the-art electronic system, offering a range of services from registration to case management, scheduling hearings and other related procedures, up to the issuance of preliminary and appeal rulings. The court consists of primary and appellate circuits, and a circuit in the Court of Cassation that specialises in examining appeals against rulings issued by the court. A cooperation agreement was signed with WIPO in September 2025 to enhance the court's role in protecting IP rights and resolving disputes. itc.sjc.gov.qa

Investment Promotion Agency Qatar (IPA Qatar) A4

Custodian of the Invest Qatar brand, IPA Qatar was launched in 2019 and is registered at the Qatar Financial Centre (QFC). The agency provides investment solutions in Qatar, attracting foreign direct investment in the country’s priority sectors. The Startup Qatar Investment Program, provided by Qatar Development Bank, aims to attract tech

startups to establish or expand operations in Qatar, with funding and incentives. The Invest Qatar Gateway is the first digital platform for investors in Qatar providing information on partners, business opportunities and resources. invest.qa, startupqatar.qa

Ministry of Commerce and Industry (MoCI) A4

Creates commercial policy for both private and public sectors to boost regional and international trade relations and support business development. A number of services are available through the Single Window to attract local and foreign investments. In line with Law No 1 of 2020 on the Unified Economic Register, the Qatar Business Map Portal was launched, with comprehensive information related to commercial establishments. There is a new dedicated digital platform under the Public-Private Partnership (PPP) Programme, to highlight investment opportunities and projects available to the private sector.

The MoCI signed a 25-year concession agreement with the Qatari Economic Zones Company (Manateq) in January 2025 to manage the Small and Medium Industries Zone, with fees subsequently reduced in February. In September 2025, the MoCI and the Ministry of Transportation announced that companies engaged in shipping can consolidate land, sea, and air freight activities into one commercial registry. moci.gov.qa, investor.sw.gov.qa, businessmap.moci.gov.qa, manateq.qa

Ministry of Finance (MOF) C4

Prepares the State Budget and proposes objectives and tools of financial policy in line with Qatar National Vision 2030. Its Tahfeez programme enhances local services and products to strengthen the private sector. The General Authority of Customs monitors the import of goods, and the e-services of the Unified Website of State Procurement include tenders and company registration. In 2024, the Center for Fourth Industrial Revolution (C4IR Qatar) was launched, part of the World Economic Forum's C4IR Network and a step towards enhancing technological innovation in Qatar. mof.gov.qa, customs.gov.qa, monaqasat.mof.gov.qa, c4ir.qa/home

Ministry of Justice (MOJ) C4

Records legal actions and documents, registers and protects IP rights, and reviews draft contracts and agreements in accordance with the law. The Ministry has a real estate registration/ authentication office at the QFC for QFC entities.

Ministry of Municipality C4

The Foras investment portal promotes PPPs for environmental, service and sustainability projects. The Ministry's e-services cover shops and

establishments on commercial streets, agriculture and real estate. mme.gov.qa

Qatar Chamber (QC) D4

Provides services and support to local and international businesses, including QFC-licensed firms, like certificates of origin (COO) for import/ export and ATA Carnet, acting as liaison for international business delegations, and providing training courses. QC became a member of the International Federation of Freight Forwarders Associations (FIATA) in 2023.

The Qatar International Center for Conciliation & Arbitration (QICCA), established in 2006 as part of QC, acts as an efficient and swift mechanism to settle disputes between Qatari enterprises, or between national companies and foreign counterparts. qatarchamber.com, qicca.org

Qatar Development Bank (QDB) D4

Has an active role in the economic and industrial development of Qatar in the private sector by promoting and financing SMEs. The bank is 100% owned by the State of Qatar and provides a wide range of financial and advisory products, such as funding, incubation, and support services. qdb.qa

Qatar Financial Markets Authority (QFMA) C4

An independent regulatory authority supervising the financial markets and firms authorised to conduct activities related to securities in or from Qatar, and empowered to exercise regulatory oversight and enforcement over the capital markets. QFMA was granted full membership of the International Organisation of Securities Commissions in 2013. In 2023 QFMA launched the Single Window E-Portal so companies deal with just one entity, without separately involving QFMA, MoCI, Qatar Stock Exchange (QSE), and EDAA (formerly Qatar Cental Securities Depository Committee). qfma.org.qa

Qatar Science and Technology Park (QSTP) C2

A facility for international technology companies in Qatar, and an incubator of start-up technology businesses, offering premises, services and support programmes. The free zone at Qatar Foundation's Education City allows foreign companies to set up 100%-owned businesses in Qatar free of tax and duties. qstp.org.qa

Qatar Investment Authority (QIA)

The QIA A4 was established in 2005 as the sovereign wealth fund to grow and diversify Qatar's economy. QIA reports to the Supreme Council for Economic Affairs and Investments (SCAEI), the highest decision-making body concerning economy, energy, and investment of the State. The SCAEI approves QIA's investment policy and oversees QIA's performance.

QIA has two main objectives: to support the local economy; and provide liquidity when required to stabilise the local economy, supporting local economic development by investing in companies that fill market gaps. QIA is the owner or a key shareholder in domestic companies such as Qatar National Bank, Ooredoo, Qatar Airways, Mwani Qatar, Qatar Holding, Qatari Diar Real Estate Investment Company, Katara Hospitality, Barwa Group, and Qatar Sports Investments, which owns football club Paris Saint-Germain.

QIA has approximately USD557 bn in assets according to Sovereign Wealth Institute (August 2025), although the fund does not publish its holdings. Direct investments are made in real estate, healthcare, retail/consumer, technology/ media/telecoms, finance and industry. Following a restructure in 2016, USD100 bn of investments in local companies were placed in a new unit, Qatar Investments (known as QIA internationally).

QIA is a founding member of the One Planet Sovereign Wealth Fund Working Group, helping to produce a framework in 2018 to integrate climate change analysis into investment decisions. Further to this, in 2020 QIA embarked on a revised strategy promoting sustainability, with no new investments in fossil fuels.

Amiri Decision No 34 of 2023 reorganised QIA, highlighting its mandate, primary roles and responsibilities, and strategic objectives. An enhanced governance framework enables effective oversight, aligned with international best practices.

QIA announced the establishment of the Active Asset Management Initiative in 2024, with Ashmore Group its first partner. A USD1 bn investment in international and regional venture capital (VC) funds will support entrepreneurs, Qatar's first VC Fund of Funds. qia.qa

QIA Portfolio (unconfirmed): 52 Champs-Elysées, Adecoagro, Agricultural Bank of China, Asia Square Tower 1, Banyan Tree, Barclays PLC, Barwa Bank, Brookfield Property Partners, Canary Wharf Group, Claridge's/The Berkeley/The Connaught hotels, Coveo, Credit Suisse Group AG, Deutsche Bank AG, El Corte Ingles SA, Empire State Realty Trust, Fahrenheit, Glencore PLC, Grupo Santander Brasil, Harrods, Hassad Food, Heathrow Airport Holdings, Hochtief, Iberdrola SA, ISAGEN, Ivanhoe Mines, J Sainsbury PLC, Kahramaa, Kardium Inc, Lagardère, Le Brantano!, Le Tanneur, Lifestyle International Holdings Ltd, London Shard Tower, London Stock Exchange, LVMH, Masraf Al Rayan, Mowasalat, National Grid PLC, One Ocean Port Vell, Ooredoo, Oryx Midstream Services (Oryx), Pavilion, PsiQuantum, Pulkovo Airport, Qatar

Exchange, Qatar Islamic Bank, Qatar International Islamic Bank, Qatar National Bank, Reliance Retail Ventures, Rosneft PJSC, Royal Dutch Shell, Sauber Holding, Siemens, Societe Fonciere Lyonnaise SA, The Bürgenstock Selection, Total SA, Turkuvaz, Valentino Fashion Group SpA, Vente-Privée, Vivendi, Volkswagen AG, Xstrata PLC.

Qatari Diar Real Estate Investment Company

Ongoing projects include: Lusail City; Simaisma (Qatar) • Chelsea Barracks; Chancery Rosewood (UK) • Qatar Railways Development Company (Qatar Rail), overseeing the Qatar Rail Development Programme: the Doha Metro, the Long Distance Rail, and the Lusail Tram. qataridiar.com

Qatar Financial Centre (QFC)

The QFC C4 was established in 2005 to attract international financial institutions and firms to establish business operations in a 'best-in-class' international environment.

Firms need to be incorporated or registered by the QFC Companies Registration Office, licensed by the QFC Authority, and for regulated activities, authorised by the QFCRA. Advantages of establishment in the QFC include:

• A separate legal, regulatory, tax and business environment.

• 100% foreign ownership, 100% repatriation of profits, and 10% corporate tax on locally sourced profits.

• A double taxation avoidance agreement network with more than 80 countries.

As of August 2025, the QFC has 3,300 registered firms, with 828 new firms registered in the first half of 2025, a 64% increase in new registrations compared to the same period in 2024. Companies comprise investment and private banking entities, and (re)insurance and asset management firms (each of which is regulated); and consultancy service providers, law firms and financial services recruitment firms (which are non-regulated).

The QFC takes a major step in diversifying key economic sectors eg digital, financial services, sports, and media. An attractive incentives programme for multinational companies offers free offices, highly-competitive tax incentives, seed capital to cover five years of operating expenses in return for a 10-year commitment, and a dedicated Relationship Manager once registered.

The application fee to conduct non-regulated activities in the QFC was cut by 90% in February 2025, except for the activities of Single Family Offices, making entry easier for startups, SMEs and global companies to Qatar’s dynamic market.

The QFC Digital Assets Lab is the inaugural programme under the QFC Innovation Dome, powered by Qatar Central Bank (QCB). The Lab is a collaborative environment for start-ups, businesses and researchers, contributing to the growth of the digital economy and the adoption of emerging technologies across various sectors.

The QFC Digital Assets Framework 2024 was launched in line with the Third Financial Sector Strategy issued by QCB. The framework establishes the legal and regulatory foundation for digital assets, including the process of tokenisation, legal recognition of property rights in tokens and their underlying assets, custody arrangements, transfer, and exchange. The framework also provides for the legal recognition of smart contracts.

The QFC Metaverse was unveiled in February 2025, an initiative under the QFC Innovation Dome. Building on the success of the Digital Assets Lab, the project will reshape Qatar’s financial landscape through Web3 technology and will provide QFC firms with a virtual space to showcase their achievements, interact with global partners, and explore business opportunities. qfc.qa

The Qatar Financial Centre (QFC) Authority, the commercial arm of the QFC, leads the expansion of Qatar's financial services sector and develops relationships with the wider financial community.

The QFCA's strategy focuses on the creation of a global business hub for three core markets – Asset Management, Reinsurance and Captive Insurance.

The QFCRA is the independent regulatory body of the QFC, overseeing all firms conducting financial services in or from the QFC, as a combined banking, insurance and markets regulator. In 2012, the Qatar Central Bank (QCB) Governor became the chairperson of QFCRA establishing a single financial regime, comprising QFCRA, Qatar Financial Markets Authority (QFMA), Qatar Stock Exchange (QSE), QCB, and the Supreme Judicial Council. qfcra.com

The Qatar International Court and Dispute Resolution Centre (QICDRC), established under QFC Law No 2 of 2009, consists of the QFC Civil and Commercial Court (First Instance and Appellate Divisions) and the QFC Regulatory Tribunal. The Court resolves civil and commercial disputes while the Tribunal hears appeals raised against decisions of the QFCA, the QFCRA and other QFC institutions. There is a purpose built Alternative Dispute Resolution (ADR) centre.

Under Laws No 14 and 15 passed in 2021, the QICDRC's jurisdiction was expanded to include the Qatar Free Zones and the Qatar Free Zones Authority, as well as matters referred to the Court

or Regulatory Tribunal by any law in the State. A new practice direction on small claims, No 1 of 2022, substantially shortens the time to reach a judgment and offers a quick and efficient legal dispute resolution mechanism.

An additional practice guide was issued in 2023, providing standard directions and notes for proceedings, with a framework of procedures for litigants or their legal representatives during pleadings. In June 2025, the QICDRC issued an updated set of Rules and Procedures applicable before both the QFC Civil and Commercial Court and the QFC Regulatory Tribunal, to modernise its judicial processes and enhance access to justice.

In a recent judgment, the Appellate Division of the QICDRC held that it is not permissible for two non-QFC entities to 'opt in' to the jurisdiction of the Court, ie they cannot choose the QICDRC as the court to resolve disputes. However, under Law No 2 of 2017, the Civil and Commercial Arbitration Law, non-QFC parties can designate the QICDRC to act as the curial court in an arbitration, to manage the arbitral process, decide on interim measures, etc. qicdrc.com.qa

Qatar Stock Exchange (QSE)

QSE C4 was created in 2009 between Qatar Holding (88%) and NYSE Euronext (12%) as the successor to Doha Securities Market; Qatar Holding purchased NYSE Euronext's stake in 2013. In 2012, regulatory authority passed to QCB from QFMA. A Memorandum of Understanding was signed with the Investment Promotion Agency in 2021 to boost the attractiveness of Qatar as an investment destination.

Trading in treasury bills began in 2011 and in 2012 the Venture Market for SMEs was launched. In 2016 QSE joined the Sustainable Stock Exchanges Initiative of the United Nations (SSEI). QSE migrated to a new trading system, Millennium, in 2023, part of an agreement signed with the London Stock Exchange (LSEG) in 2022. The system allows QSE to use LSEG's financial markets technology products to oversee trading, market data, analysis and surveillance.

There are 53 listed companies on the main market and 1 on the venture market, and 7 brokerage firms (October 2025). While QFC companies are subject to separate rules and regulations, the listing and trading of shares in QFC companies still fall under the purview of QCB, QFMA and QSE.

Residents, expats and individual companies who want to trade must open an account with a brokerage firm, who will act as an intermediary for transactions and provide a National Investor

Number. Investors can trade from a bank account in Qatar or in the country of residence. EDAA (Qatar CSD) is licensed by QFMA to provide safekeeping, clearing and settlement of securities and other financial instruments listed on QE. A Code of Market Conduct was issued in April 2025 by QFMA regarding prohibited practices and transactions to reduce risks and provide market confidence. qe.com.qa, qcsd.gov.qa

Real Estate

Under Law No 5 of 1963, only Qataris were able to own freehold estates. Law No 14 of 1964 established a system of registering legal instruments that affect land title.

Ownership was amended under Law No 16 of 2018 on the regulation of non-Qatari ownership and utilisation of real estate, implemented in March 2019, whereby non-Qataris may own and use properties in Qatar 'in many areas according to conditions, regulations and procedures, which shall be determined by a decision of the Cabinet based on the proposal of the Committee for the Regulation of Ownership and Use of Non-Qatari Property'.

The real estate non-Qatari individuals and companies are allowed to invest in includes offices, shops, units and villas in residential complexes, and real estate development of land in specified areas, and is not limited to apartments and residential units. Cabinet Resolution No 28 of 2020 confirmed the areas in which non-Qataris may own and benefit from real estate, and the

terms, conditions, benefits and procedures for their ownership and use of them. This encompasses the right to free ownership of residential units inside residential complexes and shops inside malls. Amiri Decision No 28 of 2023 established the Real Estate Regulatory Authority (Aqarat), responsible for the governance and regulation of the sector. Law No 5 of 2024 the New Real Estate Registration Law was then issued to improve citizens’ access to real estate services, introducing electronic registration for the first time. This law is the first of its kind since Law No 14 of 1964 and deals with enhancing real estate registration services, part of an initiative to align laws and regulations with Qatar National Vision 2030. The law aims to improve real estate services provided to the public, including registration, record-keeping, document generation, processing applications for the registration of unregistered properties, objection processing, adjudication of ownership rights of unregistered properties and those expropriated for public benefit, and updating real estate registry data. Digital copies, procedures, requests and electronical transactions now have the same legal validity as paper originals. This eases transactions and procedures to benefit both individuals and legal entities such as companies.

The Ministry of Justice is the one-stop-shop for all transactions regarding non-Qatari ownership of real estate, and for more information regarding these laws and regulations. m

Freehold developments Non-Qataris can own and use freehold property in nine areas:

• Al Qassar (administrative area 60) • Al Dafna (admin area 61) • Onaiza (admin area 63)

• West Bay (Legtaifiya) (66) • The Pearl Island (66) • Lusail (69) • Al Khraij (69) • Jabal Theyleeb (69)

• Al Khor Resort (74)

Leasehold developments Non-Qataris can use real estate property for 99 years in 16 areas:

• Msheireb (13) • Fereej Abdelaziz (14) • Doha Al Jadeeda (15) • New Al Ghanim (16)

• Al Refaa and Old Al Hitmi (17) • Aslata (18) • Fereej Bin Mahmoud (22 and 23) • Rawdat Al Khail (24)

• Mansoura and Fereej Bin Dirham (25) • Najma (26) • Umm Ghuwailina (27) • Al Khulaifat (28)

• Al Sadd (38) • Al Mirqab Al Jadeed and Fereej Al Nasr (39) • Doha International Airport area (48)

Owners of property worth more than QAR730,000 are eligible for a residency permit for the duration of ownership. Owners of property worth more than QAR3.65 mn will receive the same benefits as permanent residents regarding healthcare, education, and investment. In both instances, the residence period in Qatar cannot be less than 90 days a year (continuously or intermittently). Once approved, owners can then sponsor family members for residency as dependents.

For information regarding mortgages, see Banking and Finance in this section.

Developers and agents selling property (for letting agents see Day-to-Day Qatar in Living in Qatar)

Cushman & Wakefield 4483 7388 Just Real Estate 4491 3333 New Methods 4410 8000 United Development Company 800 6222

Law No 22 of 2017 regulates the activities of real estate brokers, overseen by the Ministry of Justice. and covers licensing criteria, application process, and the scope of brokerage operations. Search for licensed real estate agents in Qatar online at propertyfinder.qa and saakin.qa

Connecting

Strong Investment Growth Continues in Qatar

TBy Sarah Palmer

he Investment Promotion Agency Qatar (Invest Qatar) released its 2024 Annual Report in May 2025, highlighting a strong year of investment growth, global engagement and continued momentum to position Qatar as a leading global business hub.

In a year of robust economic growth, strategic policy reforms and enhanced investor confidence, Qatar attracted USD2.74 bn in foreign direct investment (FDI) in 2024 across 241 projects, creating 9,348 jobs. These results are in line with transforming Qatar's economy as per the Third National Development Strategy (NDS3), with 95% of total FDI capital expenditure (capex) directed toward greenfield projects, showing the country’s commitment to diversification.

HE Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Commerce and Industry and Chairman of the Advisory Council (pictured), said, 'Guided by the Third National Development Strategy (NDS3), Qatar is paving the way for a sustainable, innovative and secure future. The results in this year’s report reaffirm our efforts to attract high-quality investments, strengthen economic resilience and enable private sector growth. Qatar remains committed to building a diversified, knowledge-based economy that offers exceptional opportunities to both Qataris and the global community.'

Sheikh Ali Alwaleed Al Thani, CEO of Invest Qatar, said, '2024 has been another successful year for Invest Qatar, marked by significant milestones that reinforce our commitment to positioning Qatar as a premier global business hub. Through over 1,200 investor and stakeholder meetings, 120 fact-finding trips, the successful attraction of more than 30 companies, and the introduction of innovative digital tools like Ai.SHA, we have made strides in fostering investment, innovation and sustainable growth. As we present this annual report, we celebrate these achievements and look forward to building on this foundation to drive further economic opportunities and advancements in the years ahead.'

There was key investment activity over a number of priority sectors, including electric power generation, which accounted for the largest share of capital expenditure at 40.1% (USD1.1 bn), followed by retail and wholesale trade, data processing and hosting, and scientific research and development. The year also saw a rise in Qatar’s international competitiveness, rising to 11th in the IMD World Competitiveness Index 2024, to 28th in the Global Economic Freedom Index, and to 24th in the DHL Connectedness Index.

FDI Projects Monitor: A Partnership with fDi Markets

To enhance the transparency and efficiency of FDI monitoring, Invest Qatar has launched the FDI Projects Monitor in collaboration with fDi Markets. This tracks over 1,000 FDI projects that have been publicly announced since 2017, and that have generated over 73,000 jobs and more than USD50 bn in capital expenditure.

The tool is designed to provide accrate, real-time FDI data, with an interactive investment map showing the locations of FDI projects, key insights about the involved companies, job creation statistics, capital expenditure figures, sector and source country breakdowns, updates on business environment developments and access to the latest FDI reports with an option to generate custom reports. fdimap.com/qatar

Invest Qatar unveils USD1 bn incentives programme to boost foreign and local investment Unveiled at the 5th edition of Qatar Economic Forum in May 2025, a new incentives programme will offer a comprehensive suite of incentive packages for both local and international investors. These incentives provide financial support covering up to 40% of eligible local investment expenses over five years, including business setup costs, construction, office leases, equipment and employee-related expenses.

Targeting key growth sectors in the Third National Development Strategy (NDS3) – advanced industries, logistics, IT and digital and financial services – the incentive programme will be rolled out in phases.

The first phase introduces four off-the-shelf incentive packages:

• The Advanced Industries Package – for high-value, technology-intensive sectors such as pharmaceuticals, chemicals, automotive and electronics, fostering innovation and value-added production.

• The Logistics Package – to transform Qatar into a leading global hub for logistics, re-export and distribution by promoting investments in infrastructure, automation and advanced logistics services.

• The Technology Package – attracting investments in cybersecurity, cloud computing, artificial intelligence (AI) and data-driven innovation for a dynamic digital economy.

• The Lusail Financial Services Package – to strengthen Qatar’s financial ecosystem by advancing asset management, insurance, wealth management and financial technology (fintech) innovation, and promotes the establishment of offices in Lusail City.

The incentives programme has a transparent set of eligibility criteria, including a minimum investment size of QAR25 mn over five years, job creation targets and a track record of operation in relevant sectors. Streamlined access is available via the Invest Qatar Gateway, the country’s first digital investor platform. invest.qa

New list of 1,200 activities open to foreign investors

To stimulate further investment into the country, the Ministry of Commerce and Industry (MoCI) has produced a list of 1,200 activities eligible for foreign investment.

In many cases this could be with 100% foreign ownership, making it an attractive opportunity for international investors. This will also achieve the State's aim to diversify the Qatari economy and reduce its reliance on the hydrocarbons industry.

On the list are various sectors including agriculture, construction, education, healthcare, IT and communications, and transportation. These further break down into activities like auto repair, financial services, mining, manufacturing, retail and trading activities, and waste management.

Not all activities included in the list are eligible for 100% foreign ownership, or indeed are even open to foreign investment. Examples include traffic regulation and monitoring, selling new and used cars, and managing airports, which all require some level of Qatari investment. Activities such as oil and gas extraction, printing newspapers and periodicals, and trading in pharmaceuticals, are closed to foreign investment.

The Hydrocarbon Industry

Qatar has the world's third largest proven natural gas reserve, much of it located in the world’s largest natural gas field, the offshore North Field. Qatar is one of the largest gas producers and exporters.

The State continues to focus on the energy sector as an important source of national revenue, increasing natural gas production levels and supplying 25% of the world’s total liquefied natural gas (LNG). This has positioned Qatar as the largest producer and exporter of LNG in the world and provides one of the highest per capita incomes in the world. This is due in part to the completion of Phase 1 of Qatargas' North Field gas development in 1991, leading to exports of LNG. The North Field Expansion Project – the industry's and the world's largest ever LNG project – looks to boost production and revenues even further.

Many projects are joint ventures between the national corporation, QatarEnergy, and international entities. Under Qatarisation, joint venture industries and government departments aim to place Qatari nationals in senior management positions, an initiative that has been embraced by the hydrocarbon sector.

Qatar was a member of OPEC for nearly 60 years until 2019. HE Saad Sherida Al Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated at the time that Qatar’s exit from OPEC was 'not political' and that 'the withdrawal decision reflects Qatar’s desire to focus its efforts on plans to develop and increase its natural gas production from 77 mn tonnes per year to 110 mn tonnes in the coming years.' Qatar is the first Gulf country to leave OPEC.

Qatar's Energy Companies

QatarEnergy (QE)

Formerly known as Qatar Petroleum (QP), the company rebranded in late 2021 to reflect its new vision of adapting its direction and strategic objectives. The integrated national oil corporation is responsible for the sustainable development of

Qatar’s oil and gas resources. QatarEnergy (QE) is also spearheading the energy and industry sector’s Strategic Qatarisation Plan to maximise the employment of Qatari nationals.

The first well, Dukhan 1, was drilled in 1939. In 1949, the first crude exports began and the first offshore concessions were granted. In 1960, Idd Al Shargi and Maydan Mahzam fields were discovered. The largest offshore field, Bul Hanine, was discovered in 1970 and came onstream in 1972.

QatarEnergy’s activities encompass the entire oil and gas value chain locally, regionally, and internationally, and include the exploration, refining, production, marketing and sales of oil and gas, LNG, natural gas liquids (NGL), gas-to-liquids (GTL) products, refined products, petrochemicals, fertilisers, steel and aluminium. Operations are onshore at Doha, Dukhan, Mesaieed Industrial City and Ras Laffan Industrial City, as well as offshore at Halul Island, offshore production stations, drilling platforms, and the North Field.

QE has signed Exploration and Production Sharing Agreements and Development and Production Sharing Agreements with major international oil and gas companies, including Elf Aquitaine/Total, Anadarko Qatar, Maersk Oil Qatar, Occidental Petroleum Qatar, Qatar Petroleum Development, Talisman Energy Qatar, GDF Suez, China National Offshore Oil Corp and Qatar Shell. Ongoing projects

• The Barzan Gas Project to develop approximately 1.9 bn cubic feet per day (cfpd) of North Field wellhead gas, and 1.4 bn cfpd of sales gas for the domestic market in addition to associated condensate ethane, LPG and sulfur.

• Redevelopment of the Bul Hanine offshore oil field to prolong the field’s life by countering production decline and doubling oil production.

• The Ras Laffan Industrial Petrochemical Complex with partner Chevron Phillips Chemical Company LLC. The USD6 bn complex will have an ethane cracker with a capacity of 2.1 mn tons of ethylene per annum, making it the largest ethane cracker in the Middle East and one of the largest in the world, raising capacity by more than 40% to 14 mn tons per annum by the end of 2026.

• The North Field Expansion, the world's largest LNG project. The Amir, HH Sheikh Tamim bin Hamad Al Thani laid the foundation stone in October 2023. Under the first phase, North Field East (NFE), LNG production capacity will increase from 77 mn tons per annum (MTPA) to 110 MTPA. Second phase, North Field South

(NFS), will increase LNG production capacity to 126 MTPA. A new third project was announced in February 2024, North Field West, which will increase LNG production to 142 MTPA by 2030.

• A new, world-scale urea production complex in Mesaieed Industrial City (MIC). The project will build three ammonia production lines to supply feedstock to four urea production trains and will double Qatar’s urea production from the current 6 MTPA to 12.4 MTPA. Production from the project’s first train is expected before the end of this decade, and will make Qatar the world's largest urea exporter.

• The Dukhan Solar Power Plant with a production capacity of 2,000 megawatts (MW). This will more than double Qatar’s PV solar power production capacity to about 4,000 MW, around 30% of Qatar’s total electrical power production capacity. The project joins two solar power projects that QE is building in Ras Laffan and Mesaieed Industrial Cities with a total production capacity of 875 MW, and which were inaugurated in April 2025.

• The Blue Ammonia Plant in MIC is the largest of its kind in the world, part of Qatar's strategy to produce low carbon ammonia to reduce CO2 emissions. The production unit has a capacity of 1.2 mn tons per annum, with an additional unit for CO2 injection and storage. Production is expected to begin in Q2 2026.

• QE signed a joint venture agreement with Mesaieed Petrochemical Holding Company (40%), Qatar Industrial Manufacturing Co (30%) and Turkiye’s Atlas Yatirim Planlama (30%) in September 2024 to build a salt production plant in the Um Al Houl area of Qatar, operated by Qatar Petrochemical Company and Qatar Vinyl Company. This is the first such facility in the Middle East region and will meet both industrial and food-grade salt needs.

QatarEnergy’s Industrial Cities Directorate Developed and operated according to international standards for the sector, with a focus on health and safety and sustainable development practices.

Dukhan Concession Area (DCA) is 80 km west of Doha and produces about 180,000 bpd of oil. Crude oil is exported through the terminal operations department at Mesaieed and also supplied to the QE Refinery, while condensates are sent to the QE Refinery in Mesaieed.

Mesaieed Industrial City (MIC), 40 km south of Doha, is a hub for petrochemicals, chemical fertilisers, oil refining and metallurgical industries.

Industries in MIC:

• Qatar Aluminium Co • QE Mesaieed Refinery

• Qatar Chemical Co • Qatar Fertiliser Co

• Qatar Fuel Additives Co • Qatar Petrochemical Co

• Qatar Steel • Qatar Vinyl Co

Ras Laffan Industrial City (RLIC) is 80 km from Doha along the northeast coast. It was established in 1996 and is now one of the fastest-growing industrial cities in the world.

Industries in RLIC:

• Al Khaleej Gas • Dolphin Energy Limited

• Erhama Bin Jaber Al Jalahma Shipyard

• Laffan Refinery 1 & 2 • Pearl GTL and Oryx GTL

• QatarEnergy LNG • Qatar Power

• Ras Girtas Power and Ras Laffan Power

• Ras Laffan Helium • Ras Laffan Olefins Company

Al Kharsaah Solar PV Power Plant (KSPP)

Located 80 km west of Doha, it was inaugurated by The Amir, HH Sheikh Tamim bin Hamad Al Thani in 2022. It is the first in Qatar and one of the region's largest, with a total capacity of 800 MW. The KSPP covers 10 sq km with more than 1.8 mn solar panels utilising tracking technology to follow the sun's movement to maximise daily production. Robotic arms and treated water clean the solar panels at night to boost production efficiency.

The power plant has been developed and is operated by Siraj 1, which is jointly owned 40% by a consortium formed by TotalEnergies (49%) and Marubeni (51%) and 60% by QE Renewable Solutions. The project includes a 25-year Power Purchase Agreement between Siraj 1 and Kahramaa. The KSPP can supply 10% of the country's peak power consumption and will avoid 26 mn tons of CO2 emissions during its lifetime. qatarenergy.qa

North Oil Company (NOC)

A joint venture to operate and further develop the Al Shaheen oil field for the next 25 years, owned by QE (70%) and Total (30%). Al Shaheen oil field is in Qatari waters 80 km north of Ras Laffan with 33 platforms and more than 300 wells, producing

Al Kharsah Power Plant

around 300,000 barrels of oil per day from Qatar’s largest offshore oil field and one of the largest offshore oil fields in the world. noc.qa

ORYX GTL Ltd

Established in 2003 to develop, construct, and operate Qatar’s first GTL plant, converting natural gas into high quality GTL products including diesel, naphtha, and LPG. ORYX GTL is a 51:49 joint venture between QE and Sasol Middle East and India, manufacturing more than 32,400 bpd of high specification GTL diesel, naphtha and LPG. The naphtha is exported from Ras Laffan and marketed by Qatar International Petroleum Marketing Co (Tasweeq) to customers in the Middle East and Far East. oryxgtl.com.qa

Qatar Chemical Company Ltd (Q-Chem)

Owned by Mesaieed Petrochemical Holding Company QSC (MPHC) (49%), Chevron Phillips Chemical International Qatar Holdings LLC (49%), and QE (2%). MPHC is majority owned by QE. The Q-Chem facility produces high- and medium-density polyethylene (HDPE and MDPE), 1-hexene and other products, using technology provided by Chevron Phillips Chemical. The Q-Chem complex in MIC has a production capacity of 453,000 MTA of polyethylene and a production capacity 47,000 MTA of 1-hexene. The adjacent Q-Chem II facility produces 350,000 MTA of HDPE. Ras Laffan Olefins Company Ltd, owned by Q-Chem II, Qatofin and QE, produces 1.3 MTPA of ethylene cracker and is operated by Q-Chem II. qchem.com.qa

QatarEnergy LNG

Established in 1984 as Qatargas, production began in 1996. The company rebranded in 2023 to QatarEnergy LNG. The largest LNG producer in the world, the company currently operates 14 LNG production trains. QatarEnergy LNG delivers cargos to more than 30 countries to meet the world’s demand for safe, reliable and clean energy, and is a leading exporter of natural gas, helium, condensate and associated products. QatarEnergy LNG also operates the Jetty Boil-Off Gas facility, Al Khaleej Gas, Barzan Gas, Ras Laffan Helium, the two Laffan Refineries (among the largest condensate refineries in the world), and the Ras Laffan Terminal. qatarenergylng.qa

Qatar Fertiliser Company (QAFCO)

Incepted in 1969 as a joint venture company to produce chemical fertilisers, the first significant step in Qatar’s industrial diversification programme to utilise its abundant natural gas resources. QAFCO is now owned by Industries Qatar (IQ) (75%) and Yara Nederland BV (25%). The majority of IQ shares are owned by QE, making QE the ultimate parent of the company.

QAFCO inaugurated its first plant in 1973. Today there are six ammonia and six urea completely integrated trains, two urea formaldehyde plants and the Qatar Melamine Plant, the largest in the Middle East and one of the largest in the world, with a production capacity of 60,000 MTPA. QAFCO is the world’s largest single-site producer of ammonia and urea, with an annual production capacity of 3.8 mn metric tonnes (MT) of ammonia and 5.6 mn MT of urea, exported via Muntajat Co. There are also two urea formaldehyde plants producing 60,000 MTPA of UFC85, the anti caking agent vital to urea production. qafco.com

Qatar Fuel Additives Company Limited (QAFAC)

A Qatari joint stock company operating facilities at MIC for the production of methanol and methyl tertiary butyl ether (MTBE). Since the 1960s methanol has been produced from petroleum, naphtha and natural gas, and is a clean energy source and raw material for many everyday items. The QAFAC methanol plant can produce 2,950 metric tons a day of US Federal Grade AA methanol from the natural gas provided by QE. The majority is exported to the GCC, Far East, Europe, and India.

The QAFAC MTBE plant produces around 1,830 metric tons a day by processing methanol from the on-site methanol plant and field butane from QE. It is then used by the QE Refinery at Mesaieed to replace lead in Qatar's gasoline. The main international markets are the Far East, Europe, South America and the GCC. qafac.com.qa

Qatar Fuel Company (WOQOD) QPSC

Distributes fuel products within Qatar – diesel and gasoline, marine fuel and aviation fuel – with fuel distribution depots in Mesaimeer and Ras Laffan. WOQOD has a fleet of road tankers, an extensive network of petrol stations, and vessels for supplying marine fuel. Qatar was the first GCC country to convert to fully unleaded gasoline and WOQOD’s diesel has the lowest sulfur content in the region. WOQOD also fulfils Qatar's energy needs with ecofriendly fuel products like LPG and compressed natural gas, and has also diversified into retail marketing with Sidra convenience stores at their fuel stations. woqod.com.qa

Qatar Petrochemical Company (QAPCO)

Established in 1974 and a joint venture between IQ (80%) and TotalEnergies (20%). QAPCO is one of the largest manufacturers of low-density polyethylene (LDPE) in the region. Joint ventures include Qatar Vinyl Co, Qatofin Co Ltd, and Qatar Plastic Products Co. QAPCO main facilities consist of an ethylene plant (cracker) with a production capacity of up to 830,000 MTPA, three LDPE plants with a total combined production capacity of over

795,000 MTPA, and a sulfur plant with a production capacity of up to 70,000 MTPA. As by-products, the ethylene plant produces LPG with a capacity of up to 55,000 MTA and hydrogenated pyrolysis gasoline with a capacity of up to 45,000 MTA. qapco.com

Qatar Plastic and Wooden Products Co (QPPC)

Established in 1998 with commercial production commencing in 2000, specialising in the development and manufacturing of flexible packaging using polyethylene resins. The company is owned by shareholders QAPCO and Qatar Industrial Manufacturing Co. Around 90% of products are sold domestically with the remainder marketed in other Gulf countries and Europe. The facility is located at MIC, producing form, fill and seal film, shrinkable film and hood, construction and general purpose foil, agricultural and general purpose film, heavy duty trash bags, wood plastic composite and wooden pallets. qppc.net

Ras Laffan Power Company Limited QPSC (RLPC)

Established in 2001 and the provider of electricity and water in Qatar. RLPC is a joint venture company owned by Qatar Electricity & Water Co (80%), QE (10%) and Gulf Investment Corporation of Kuwait (10%). RLPC has a 25-year Power and Water Purchase Agreement with Kahramaa and a 25-year Fuel and Seawater Supply Agreement with QE. The plant at RIC contributes 18% of the country’s power supply and 23% of the country’s water supply and is operated by Ras Laffan Operating Co WLL. rlpc.net

International Companies

ConocoPhillips

The world’s largest independent exploration and production company based on proved reserves and production of liquids and natural gas with operations in 14 countries. In Qatar, the QatarEnergy LNG N(3) joint venture provides stable production, while in 2022, the company was awarded interests in two new LNG development projects, North Field East (NFE) and North Field South (NFS). The ConocoPhillips Global Water Sustainability Center at Qatar Science and Technology Park (QSTP) focuses on solutions to aid water management in the oil and gas industry and beyond. CSR in Qatar includes the Kulluna Health and Safety campaign, in partnership with Hamad Medical Corporation. conocophillips.com

ExxonMobil

One of the largest publicly traded international energy refiners and chemical companies. In Qatar, ExxonMobil has partnered with QE to develop the North Field, participating in 12 of the current 14 LNG trains, 27 of the world’s largest LNG ships, and Qatar’s largest condensate refinery. ExxonMobil is the only foreign participant in Al Khaleej Gas

and Barzan Gas domestic gas projects. ExxonMobil also has partnered with QE in two LNG receiving terminals in Europe, an export terminal in the US, and in energy projects around the world. The company provides technical and management expertise to QE through technical services and secondment of ExxonMobil employees, while the ExxonMobil Research Qatar at QSTP conducts mutually beneficial research. exxonmobil.com.qa

Sasol

An international integrated chemicals and energy company that develops and commercialises technologies, and builds and operates world-scale facilities to produce a range of high-value product streams, including liquid fuels, chemicals and low-carbon electricity. In Qatar, Sasol is a 49% shareholder with QE in ORYX GTL, which uses Sasol proprietary GTL technology to convert natural gas into liquid fuel and chemical products. sasol.com

Shell

The largest international investor in Qatar. QE and Shell have jointly delivered two of the largest energy projects in the world in RLIC. Pearl Gas-to-Liquids (GTL) is the world’s largest GTL plant, costing USD19 bn, and the largest single investment in the Shell Group’s global portfolio. The Qatargas 4 LNG project (QE 70%, Shell 30%) combines Shell’s global leadership in LNG with Qatar’s position as the world’s largest LNG supplier. The Qatar Shell Research & Technology Centre at QSTP is a worldclass research and development facility and learning centre, with USD100 mn invested on programmes in support of energy and the environment. shell.qa

TotalEnergies

A broad energy company that produces and markets oil and biofuels, natural gas and green gases, renewables, and electricity. TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the wellbeing of people. TotalEnergies has been present in Qatar since 1936, and is active in all areas of Qatar’s oil and gas sector –exploration, production, refining, petrochemicals, and solar energy. totalenergies.qa

Mesaieed Industrial City (MIC)

PPP Projects in Qatar

By Sarah Palmer

In August 2025, the Ministry of Commerce and Industry (MoCI) announced the launch of a new digital platform under its Public-Private Partnership (PPP) Program, to highlight investment opportunities and projects available to the private sector. The new platform will assist in strengthening cooperation between the public and private sectors, as per the State's national development goals.

About Public-Private Partnerships in Qatar

Developed by the Business Development Department at the MoCI, the platform is a central digital database providing investment opportunities across various sectors. It will facilitate private sector access to PPP projects, allowing investors an easy way to explore business opportunities in Qatar. According to the ministry, the initiative will support the private sector in identifying and participating in investment projects that contribute to the nation’s economic growth.

Integrating public and private efforts on the platform creates a favourable environment for investment and advances national objectives, like infrastructure development, technological advancement, service delivery, and capacitybuilding across industries. The platform will help achieve economic and developmental goals by enhancing transparency, improving access to investment opportunities, and encouraging innovation in project implementation.

The initiative fully aligns with Qatar National Vision 2030 (QNV2030) and the government’s efforts to accelerate digital transformation, improve regulatory frameworks, and expand public-private collaboration. The digital platform is accessible to investors and stakeholders via the QR code.

The MoCI oversees all commercial and industrial activities in the State of Qatar and directs these in line with the requirements of national development. The ministry's responsibilities include establishing initiatives to attract investments, both domestically and internationally. It also contributes to fostering effective partnerships between the public and private sectors to achieve sustainable development and economic growth. As part of this strategy, the MoCI oversees the development of PPPs in Qatar.

The significance of public-private partnerships in the State's economic development is key to realising Qatar’s long-term vision. These collaborations are essential for promoting sustainable development, fostering innovation, and building a diverse, collaborative, and productive economy.

Law No 12 of 2020 on regulating the partnership between the public and private sectors aims to facilitate the development of partnership projects between the public and private sectors. This law is the country’s first comprehensive PPP legislation and has enabled a number of new projects.

Under the law, government entities can enter into contractual agreements with the private sector for the implementation and financing of assets and services across a number of key sectors, like education, infrastructure, hospitality, and utilities. This aligns with QNV2030, aimed at diversifying the economy, improving public service delivery, and fostering sustainable growth.

As per Article No 3, the PPP partnership can be one of the following types:

• Allocation of land through a rental or usage licence, for development by the private sector

• Build-operate-transfer (BOT)

• Build-transfer-operate (BTO)

• Build-own-operate-transfer (BOOT)

• Operations and maintenance (OM)

• Any other form adopted by the Prime Minister, upon the proposal of the relevant minister

Using a PPP framework is not without precedent in Qatar, and has already been used for a water and power project at Ras Laffan and a power project in Mesaieed. However, extending the PPP initiative to its infrastructure development plans makes Qatar a hub in the region for long-term investment.

It also drives momentum in the country's PPP sector by establishing a clear legal basis, provides a clear governance and approval framework, and gives confidence to the government, investors and lenders through legal certainty.

The law is mutually beneficial to both parties, allowing for the transfer of technologies and innovation from the private sector to public projects, while diversifying funding sources for government infrastructure projects from private sector financing. It also encourages best practices and efficiency, and supports economic diversification by expanding PPPs to all sectors, not just the large infrastructure projects that PPPs are usually associated with.

After Law No 12 of 2020 was enacted, a major PPP pilot project was unveiled for the construction of 45 schools in the public sector, worth QAR4 bn. The private sector will finance, build and maintain the schools to then be run by the government – the first batch of schools was delivered in mid-2025.

(details and requirements are available in the Public Private Partnerships Guidebook) for studying the feasibility of implementing the project under the PPP system.

Other projects either in development or under consideration include the Sewage Treatment Plant in Al Wakra and Al Wukair, the Qatar Food Security Terminal, West Bay Beaches and Al Safliya, and a number of healthcare services.

The PPP process

Parties interested in a PPP project must submit an official initiation letter to the Business Development Department at the MoCI. The letter should include the preliminary project needs assessment document

The Public Private Partnerships Guidebook provides a comprehensive framework for implementing PPPs in Qatar, as governed by Law No 12 of 2020. It has been developed by the MoCI to assist contracting authorities and stakeholders in managing PPP projects across their term. The guidebook follows the four stages of the PPP Project Lifecycle: identification and screening, establishment, project procurement process, and post procurement process.

A full list of projects and opportunities, as well more details about the application process, can be found online at moci.gov.qa

Sharq Crossing Project set to be revived

In September 2025, according to Al Sharq newspaper, a PPP contract was awarded for the revived Sharq Crossing project.

The Public Works Authority (Ashghal) awarded the USD2 bn mega-infrastructure venture to an international consortium led by Acciona, with project partners including local firm Al Jaber Group and management consultant company Bechtel.

Initially known as the Doha Bay Crossing, the project was first announced in 2011 but later shelved due to economic factors. The original master plan was developed by internationally renowned architect Santiago Calatrava and connects Hamad International Airport, West Bay/Al Dafna, Katara Cultural Village, and Lusail City via a 12 km multi-mode crossing connecting the various areas, three bridges (each between 600 and 1,310 m long), and an 8-km network of submerged tunnels linking the bridges under Doha Bay. Navigation across town will be easy thanks to a dual three-lane highway, people-mover track, and dedicated cycling and walkways. m

Infrastructure in Qatar

Qatar National Vision

As one of the world’s fastest-growing economies, Qatar recognises the importance of diversification and sustainability. It also acknowledges the challenges of a rapidly-increasing population, further industrialisation, and the resultant need for an ever-expanding infrastructure.

To manage these challenges effectively, Qatar National Vision (QNV) 2030 was first published in 2008. It defines the nation’s medium-to-longterm objectives and creates a framework for sustainable national strategies. QNV 2030 rests on four pillars – Human, Social, Economic and Environmental Development – each with clearly defined individual long-term outcomes yet important inter-relationships.

Under QNV 2030, all new projects should provide a high standard of living for future generations, with investments in education, research, healthcare, transport and industry, to enable Qatar to sustain its own development by 2030. Plans include an integrated transport system, a major overhaul of roads and highways, drainage and sewage, and the renovation of downtown Doha.

Three national development strategies have each built on its predecessor, setting measurable objectives aligned with QNV 2030. The Third National Development Strategy 2024–2030 (NDS3) is the final phase Programmes include Infrastructure projects, sustainable economic growth, and the Qatar Digital Government initiative.

Economic Strategy

Qatar’s economic development aims to create and sustain a competitive and diversified economy capable of meeting the needs of, and securing a high standard of living for, its population now and in the future. The economy has historically been significantly boosted by growth in the hydrocarbons industries. However the government is diversifying economic development elsewhere.

Spending on infrastructural projects continues to be a focus in the State Budget for 2025, announced in December 2024, total revenues are projected at QAR197 bn, adopting an average oil price of USD60 per barrel The education sector is allocated QAR19.4 bn, while the health sector is allocated QAR22 bn, representing around 20% of the total budget. Allocation for the municipality and environment sector is QAR21.9 bn and the sports sector is allocated QAR6.6 bn, mainly for the upgrade and renovation of existing buildings and facilities.

Read more about the 2025 State Budget in Economy, in this section.

Conferences and Exhibitions

Annual business conferences and exhibitions include Project Qatar, Build Your House Exhibition, QITCOM, Cityscape Qatar, Arab Future Cities Summit, Green Building Expo, World Stadium Congress, and trade summits.

Aiming to be an influential player in the region’s MICE market, the first major facility opened in 2011. The Qatar National Convention Centre (QNCC), a member of Qatar Foundation (QF) and located in Education City, is one of the largest venues in the Middle East, employing environmental and sustainability best practices including LEED gold certification. Designed by Arata Isozaki, the award-winning venue features a 3D representation of the Sidra tree, symbol of QF. The 200,000 sq m venue has a 40,000 sq m exhibition space, a conference hall for 3,800 delegates and a 2,300-seat theatre.

The 47,700 sq m Doha Exhibition and Convention Center (DECC) opened its doors in 2015. The building includes a state-of-the-art exhibition hall, modular wall system, and high-tech meeting and conference rooms. Located in Al Dafna, the venue has five exhibition halls, which can be combined into one hall thanks to a unique wall partition system. The 18-metre high ceiling is supported by a revolutionary cantilever roof and is pillar-free.

Spectacular Buildings

Dramatic changes to Doha’s skyline have seen glass and concrete towers built with materials imported from all over the world.

The population has increased from nearly 1.7 mn in 2010 to around 3 mn in 2025, with people mainly living in and around Doha. The original 20,000 population of Doha lived and worked in single or two-storey structures on the narrow streets of what was just a small town on the southern shore of Doha Bay.

The impressive Doha skyline

In the 1970s, as the country changed from fishing and pearl diving to oil production and export, the decision was taken to reshape Doha Bay, extend the waterfront and expand the town area by reclaiming land. The area now known as Al Dafna (or ‘West Bay’) was dredged from the sea and the first building was the iconic Sheraton hotel.

Demand for town centre real estate is strong, with more luxurious living and working environments. The traditional small-windowed, courtyard dwellings reflect the limitations of building materials and technology at the time. Now developments in glass technology and energy-efficient, eco-friendly air conditioning allow Qatar to build green.

Developments to Infrastructure

Qatar continues to undertake projects to satisfy Qatar National Vision 2030, good news for local and international businesses.

The public-private partnership (PPP) law, approved in 2019, supports projects connected to QNV 2030 across a variety of sectors, including healthcare, education, sports, real estate and infrastructure. Qatar signed its first PPP contract for the QAR20 bn Simaisma Project in May 2025.

Qatar is increasingly adopting sustainable practices and green building standards. Efforts like the Global Sustainability Assessment System (GSAS) developed by the Gulf Organisation for Research & Development (GORD) oversees sustainable construction. GSAS has been incorporated into Qatar Construction Specifications and it is mandatory for all private and public sector projects to get GSAS certification.

GORD, a subsidiary of Qatari Diar Real Estate Investment Company, has also developed the GCC region's first-ever Sustainable Construction Code, which draws on the success of GSAS. The Sustainable Construction Code is a flexible, multifaceted approach with both prescriptive and performance-based assessments. The Sustainable Construction Code is a simplified version of GSAS to ensure ease of adoption and enforceability across all Gulf countries. gsas.gord.qa

In an effort to protect workers, labourers, delivery drivers and security personnel, Ministerial Decision No 17 of 2021 prohibits outdoor work under direct sunlight from 10 am to 3:30 pm, between 1 June and 15 September.

Public Works Authority ashghal.gov.qa

The Public Works Authority (Ashghal) was established in 2004 for the planning, design, procurement, construction, delivery, and asset management of all infrastructure projects and public buildings in Qatar.

Ashghal strives to incorporate sustainability and environmental protection in its projects, as part of its commitment to QNV 2030. Three construction material recycling zones process waste materials like asphalt, concrete, and demolition waste, instead of sending it to landfill.

An ambitious five-year plan was announced in May 2025, worth more than QAR81 bn. Projects include the development of citizens' lands, construction of government buildings across the health, education and sports sectors, and the draining and reuse of rainwater for irrigation and cooling purposes.

Some new projects will be implemented under the PPP system, notably for the development of areas for more than 5,500 residents with improved road networks, sewage systems, and street lighting.

Ashghal awarded 13 new contracts in September 2025 worth QAR12 bn. Projects include road and drainage network development and maintenance, improving safety systems in 40 schools, refurbishing the Psychiatric Hospital, and constructing three new schools. Work is expected to begin in Q1 2026.

Qatar General Electricity & Water Corporation km.com.qa

The corporation, known as Kahramaa, was established in 2000 under the Ministry of Energy and Industry to regulate and maintain the supply of electricity and water to its customers. Kahramaa transferred ownership of its stations to Qatar Electricity and Water Company (QEWC) in 2002. In 2018 HE Saad Sherida Al Kaabi, the Minister of State for Energy Affairs, assumed responsibility for Kahramaa to oversee the regular and sustainable supply of domestic energy, power and water. Kahramaa has spent over QAR40 bn to meet increasing demands to the electricity and water

supply. This includes five mega water reservoirs providing storage for 2,300 mn gallons of water, while the power generation phase will produce 2,520 megawatts of electricity. The plant will add around 30% water and 25% electricity for local demand once fully completed.

The Smart Meters Project targets full deployment of smart electricity meters by the end of 2025, and smart water meters by the end of 2027. All electricity meters have been replaced, and 50% of water meters. The customer's consumption of electricity and water is monitored and read remotely, in collaboration with Vodafone Qatar.

In 2020, Kahramaa awarded a contract for the country’s first utility-scale solar photovoltaic (PV) project to Japan’s Marubeni and France’s TotalEnergies. The 800MW solar PV independent power producer scheme is on a 10 sq km plot in Al Kharsaah, west of Doha. The project is owned and operated by Siraj 1 SPV, a consortium owned by TotalEnergies & Marubeni (40%) and Siraj Energy (60%), the latter being a joint venture between QatarEnergy and QEWC. The plant was inaugurated in 2022.

Kahramaa launched the Qatar National Renewable Energy Strategy (QNRES) in 2024 with 22 energy stakeholders, to achieve deliverables under Qatar National Vision 2030 and the Third Qatar National Development Strategy 2024–2030.

QNRES aims to increase and diversify renewable energy sources, specifically solar energy. Largescale renewable power generation will be increased to about 4 GW by 2030, with the installation of distributed solar generation up to around 200 MW by 2030. This distributed generation capacity will enable more localised power generation, reducing strain on the centralised grid infrastructure and enhancing energy resilience. It should see Qatar’s total annual CO2 emissions from the power sector reduced by 10% and the carbon intensity in annual CO2 intensity down by 27% for each unit of electricity produced.

Selected Megaprojects in Qatar

FIFA World Cup Qatar 2022TM Legacy Mode

Previously known as the Qatar 2022 Supreme Committee, the Supreme Committee for Delivery and Legacy (SC) signed stakeholder agreements with Qatar Rail, Ashghal, Kahramaa, Aspire Zone Federation and Qatari Diar, for projects to deliver the infrastructure for the event.

The stadia were designed by the world's leading architects, incorporating Qatari culture, access and comfort, sustainability, and post-tournament legacy. Eight stadia welcomed the world in late 2022: Al Bayt Stadium • Al Janoub Stadium

• Ahmad Bin Ali Stadium • Al Thumama Stadium

• Education City Stadium • Khalifa International Stadium • Lusail Stadium • Stadium 974 (previously Ras Abu Aboud Stadium).

Sustainability was an integral part of the project. Optimum dust-control strategies were followed to reduce air pollution during construction, achieving a minimum four-star rating under the Global Sustainability Assessment System (GSAS) for design, construction and facility management, in addition to obtaining a gold certificate for its operations. More than 80% of waste from the stadiums, some 2,000 tonnes, was recycled or composted during the event.

Much of the annual State Budget was previously devoted towards stadium construction and associated infrastructure. Expenditure is now allocated towards fulfilling legacy plans to create community hubs around the stadia. The designs enable them to be easily converted into public facilities and for some parts to be sent overseas to those countries in need of sports infrastructure.

Ahmad Bin Ali Stadium is now home to Al Rayyan FC and Al Rayyan Sports Club. Amateur athletes and the public can use the running and cycling tracks, cricket pitches, tennis and padel courts, outdoor gym, skate park and aquatics centre.

Al Wakra FC has moved to Al Janoub Stadium, and on Qatar National Sport Day 2020, public parks at Al Janoub and Al Bayt stadia opened with green spaces, play areas, exercise stations, restaurants, and cycling tracks.

Many of the stadia remain in use, hosting more sporting events such as the AFC Asian CupTM 2023, AFC U23 Asian CupTM 2024 and FIFA U-17 World Cup Qatar 2025™.

Qatar Integrated Rail Project corp.qr.com.qa

Following its establishment in 2011, Qatar Railways Company (Qatar Rail) is leading one of the largest rail projects in the world to meet the demands of Qatar’s dynamic and growing population. The company is responsible for the design, construction, commissioning, operation and maintenance of the entire network and systems. The state-of-the-art railway network currently consists of Doha Metro and Lusail Tram, a service for convenient travel within the new city of Lusail.

The Doha Metro: Three lines cover the Greater Doha area with connections to commercial and residential areas throughout the city. In central Doha, the Metro network is mainly underground, while at the outskirts it is at ground level or elevated. The main interchange is at Msheireb Downtown Doha.

Lusail Tram: An integrated transportation system serving Lusail City, designed to travel on streets, sharing road-space with other traffic and pedestrians. The project has four lines and 25 stations, with two interchange stations allowing passengers to access the Doha Metro.

See Getting Around Qatar in the Discovering Qatar section for more information.

Lusail City lusail.com

One of the largest projects in Qatar costing an estimated QAR163.8 bn, Lusail City is developed by Lusail Real Estate Development Company (LREDC), a subsidiary of the Qatari Diar Real Estate Investment Company, itself a subsidiary of Qatar Investment Authority. Spanning 38 sq km north of Doha, Lusail City can accommodate more than 450,000 residents and visitors.

Launched in 2004, features include residential and commercial areas, parks, marinas, five-star hotels, a luxury mall, beach clubs, a waterpark, supermarkets and abundant dining options.

Read more about Lusail City in Sightseeing Hotspots in the Discovering Qatar section.

West Bay Beaches and Al Safliya Island Development Project

Qatar Tourism (QT), Ashghal, the Ministry of Commerce and Industry (MoCI), and Invest Qatar are collaborating on a project to develop five beachfront plots in West Bay and connect them to Al Safliya Island. The project is part of QT's Asset Masterplan, a strategic initiative to transform Qatar into a world-class tourist destination, and is structured under a Public Private Partnership (PPP) model as a Design, Build, Finance, Operate, Maintain, and Transfer (DBFOMT) scheme. Planned features include eco-tourism initiatives, leisure spaces, dining, and recreational facilities.

The Expression of Interest (EOI) process was announced in May 2025, open to regional and international developers and operators with a proven track record in delivering large-scale hospitality and leisure projects. RFP Stage 1 proposals closed in November, with pre-qualified companies then invited to participate in Stage 2.

Simaisma Project (pictured)

HE Sheikh Mohammed bin Abdulrahman bin

The project is part of a continuing effort to diversify Qatar's economy and attract foreign investors, offering different investment opportunities for the private sector. There are 16 dedicated zones available for development, and will include an array of attractions designed to appeal to both locals and international visitors.

Marketed as the country's new cultural landmark, there will be luxury resorts across four areas, a yacht club and a marina, restaurants and shops. Plans also include a 650,000 sq m theme park, bigger than Magic Kingdom at Walt Disney World.

The project will rely on sustainable construction and operation, incorporating cutting-edge smart systems and innovative technologies while prioritising the use of locally recycled materials.

In May 2025, Qatari Diar signed an agreement with Dar Global to develop a world-class 18-hole Trump International Golf Course, a Trump Golf Clubhouse, and an exclusive collection of Trumpbranded luxury villas.

Sharq Crossing

Al Sharq newspaper reported in September 2025 that the Public Works Authority (Ashghal) had awarded a USD2 bn PPP contract to an international consortium led by Acciona, with project partners including local firm Al Jaber Group and management consultant company Bechtel.

Initially known as the Doha Bay Crossing, the project was first announced in 2011 but later shelved due to economic factors.

Jassim Al Thani, Prime Minister and Minister of Foreign Affairs, launched the Simaisma Project in June 2024. The QAR20 bn initiative, led by the Ministry of Municipality and developed by Qatari Diar Real Estate Investment Company, will span over 8 mn sq m, with a 7 km waterfront along Qatar’s eastern coastline. m

The original master plan was developed by internationally renowned architect Santiago Calatrava and connects Hamad International Airport, West Bay/Al Dafna, Katara Cultural Village, and Lusail City via a 12 km multi-mode crossing connecting the various areas, three bridges (each between 600 and 1,310 m long), and an 8-km network of submerged tunnels linking the bridges under Doha Bay. Navigation across town will be easy thanks to a dual three-lane highway, peoplemover track, and dedicated cycling paths and walkways.

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