#Qatar to offer new areas of real estate for foreign ownership | Reuters

Qatar to offer new areas of real estate for foreign ownership | Reuters:

Qatar’s cabinet said on Wednesday it would identify several new areas where foreigners can own real estate, state news agency QNA said, part of a campaign to draw more investment to a sector that has been hit in recent years.

Last year Qatar passed a law permitting greater foreign ownership of its real estate sector, but details on how or where it would apply have been unclear. Only a small number of areas are currently open to foreign buying.

As part of the 2018 law, the cabinet said it would now identify 10 locations eligible for full foreign ownership and 16 that could be held for a period of 99 years, QNA reported, without providing details of the locations.