Key Competitive Attractions
Qatar has one of the highest GDPs per capita and has been ranked as the richest country in the world.
The economy is dominated by the energy sector. Petroleum accounts for more than 80% of export earnings and 70% of government revenue. The country also has the third largest gas reserves in the world.
As part of a plan to diversify the economy, investment in industrial development has been made chiefly around the ports of Ras Laffan and Mesaieed. Industrial sectors include petrochemicals, fertilisers and steel. The insurance sector is also seeing significant growth.
The World Economic Forum rankings of 2010 put Qatar as the most competitive economy in the Middle East.
Assistance and Support For New Business Investors
The Qatar Investment Promotion Department is a division of the Ministry of Economy and Commerce. It provides foreign investors with information on the business climate, potential business partners and government incentives. It is the first point of contact for investors wishing to set up business operations in Qatar.
