New FDI law is set to make Qatar a hub for trade and re-exports

New FDI law is set to make Qatar a hub for trade and re-exports:

The new foreign direct investment (FDI) law, which is expected to be in place by the end of this year, and the economic zones, is expected to make Qatar a perfect hub for trade/re-exports, according to a top government official.

Although, Qatar is opening up almost all the economic sectors through 100% FDI; banking and insurance, which are critical to the country’s economy, will however require the Prime Minister’s approval, Abdulbasit Talib al-Ajji, Director of the Business Development and Investment Promotion Department at the Ministry of Economy and Commerce (MEC), told a roundtable.

Addressing ‘Qatar’s business climate and new FDI law’, organised by the MEC in association with The Business Year, to discuss the key incentives and advantages that Qatar is offering to investors on the organisational level; he highlighted Qatar’s economic growth and efforts to enhance co-ordination and co-operation among government agencies in a bid to provide an attractive investment environment to investors.