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"Qatar has been implementing measures to improve its business and investment climate, with the objective of further attracting foreign direct investments and assistance in the development of SMEs."
Al Sherawi added, "The measures include the establishment of a one-stop shop for foreigners to fully own companies in selected sectors."
"We hope that the market's liberalisation, easy access to ownership of one's business, no taxes and the currency's stability will attract foreign investors and create more demand in the market,"he added.
Al Sherawi said, "We are certain that with the rapidly expanding economy here in Qatar, there will be opportunities for successful SMEs both from inside Qatar and from across the globe."
Al Sherawi said that after the successful establishment of free trade zones (FTZ) at the Qatar Financial Centre and Qatar Science Park, the government had announced plans to set up three FTZs, one near the New Doha International Airport, one close to the industrial area in Doha, and the third likely to be located near Messaieed Industrial City.
"These zones will attract businesses from clean and light industries, financial and legal services, high technology, petrochemicals and other key downstream industries," Al Sherawi said.
"The benefits for companies coming into the zones are easy to see: fewer restrictions, cost and tax savings, and the chance to invest in rapidly expanding Middle East markets,"
added Al Sherawi.
The interview with Al Sherawi, carried in full in The Report, is one of a series of exclusive interviews with key officials and business leaders in what is considered the most extensive, independent, unbiased and authoritative review of Qatar available.
Rated as the premier guide for foreign direct investment into the country's vibrant economy, The Report is an invaluable guide to the many facets of Qatar, including its , macroeconomics, infrastructure, political landscape, banking and sectoral developments, and presents a remarkably in depth profile of the country.
The 200 page publication, with an international distribution of 71,000, is being produced by a team of six OBG analysts based in Doha for six months, who conducted some two hundred interviews with leading political and economic figures. 26% of its subscribers are in energy, 24% in financial institutions, 23% in real estate and construction, 14% in industry, and 10% in IT and telecommunications. The regional breakdown of subscribers shows 25% of them are in Europe, 21% in GCC states and the Middle East, 20% in North America, 15% in Asia, and 13% in North Africa.
OBG has worked in collaboration with local partners to compile the research: Qatar National Bank for capital markets and Clyde and Co for legal affairs.
Available in print form and online, The Report: Qatar 2008 is part of the range of OBG's publications, which are renowned as leading sources of information on developing and emerging economies around the world.
Posted by Siba Sami Ammari
