Qatar is strategically located in the Middle East. It is a Gulf Co-operation Council (GCC) member having its capital in Doha. Today Qatar has developed into a modern oasis and has highly developed communications, education, health and transportation systems, and a diversifying economy.
Qatar is one of the fastest growing economies and boasts of highest per capita incomes in the world. It has proven gas reserves of over 900 trillion standard cubic feet in its North Field and oil reserves of over 15.2 billion barrels. Over the years, the country has developed into a major global supplier of energy and is set to become the largest exporter of liquefied natural gas (LNG) in the world and a world leader in gas-to-liquids (GTL) production.
As per Investment Laws, up to 100% foreign investment is allowed in projects related to agriculture, industry, leisure, tourism, health, education and the exploitation of natural resources, energy or mining – subject to dispensation from the Ministry of Economy & Commerce. Further, foreigners can invest in all sectors except banking, insurance, commercial agencies and real estate together with Qatari partners, who hold 51% interest.
The country boasts of world-class hotels and recreation clubs, sophisticated shopping malls, large entertainment complexes, and restaurants serving food from around the world. It has extensive sporting facilities and the country’s national teams compete in international events worldwide. It is also rapidly developing as a tourist destination as well as a conference center and incentives destination for international corporations.