Qatar Financial Centre Authority achieves 66% new business growth in 2017 - The Peninsula Qatar:
"The Qatar Financial Centre Authority (QFCA) has announced a record growth in 2017, posting a 66 percent increase in new firms being licensed year-on-year (1st January to 31 December 2017). This follows news earlier this year when the QFC reported a 41 percent increase in new firm registrations for H1 of 2017 (1st January to 30th June 2017) compared to H1 in 2016.
The total number of firms on the QFC platform has reached 461 as at 31 December 2017, compared to 348 firms at end of December 2016, marking a 32.5 percent increase year on year.
Yousuf Mohammed Al Jaida (pictured), QFC Authority Chief Executive Officer commented on the rapid increases stating: “While 2017 has seen unprecedented events take place, at the QFC we have in fact proven challenges can turn into successes and we have had our most successful year yet.”"
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