Entrepreneurs looking for potential investment opportunities ought to place Qatar high on their watch lists during the next year or two or else they could be missing out big time. Huge billion-dollar infrastructure projects, not to mention the 2022 FIFA World Cup competition, mean major companies from around the world eagerly eyeing the oil-rich Persian Gulf state and working out how to grab some of the action.
Little wonder. In terms of GDP per capita, Qatar is the wealthiest country in the world, with its economy still growing apace despite the global economic slowdown. Qatar is an outward-looking country, with modern infrastructure and sound financial institutions. So no problem then if you’re looking for a business bank account from HSBC or from one of the other multinational banks operating in the country!
But banks in Qatar aside, the country is the place to do business in the Middle East and North Africa (MENA) region. Ask the Brits who have been heavily involved in trade with Qatar for several centuries. As the British government’s UK Trade & Investment (UKTI) department points out, exports to the country have more than doubled in recent years.
Is Qatar on your entrepreneurial watch list? | EmergingMarkets.me
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