gulfnews : Qatar emerges a strong regional financial centre

With the ideal business environment and right regulatory frameworks already in place, Qatar will become the region's focal point for all forms of asset management, reinsurance and captive insurance activities in the next few years, a top official said.

"I would hope that in five or six years, Qatar will be the leading jurisdiction of choice for international firms who want to do business in the region within those business sectors," said Akshay Randeva, director of strategic development of the Qatar Financial Centre Authority, the commercial arm of the QFC.

Like other countries in the Gulf such as Saudi Arabia, Bahrain and the UAE, Qatar aims to position itself as a world-class financial centre. To set itself apart from the competition, the government decided to focus on core markets of asset management, reinsurance and captive insurance.

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