QATAR’S POSITIONING IN THE GCC
The GCC has been among the best performing economic blocks, recording exceptional
growth of 6.4% in the past two years. Qatar is one of the prominent members of the GCC
and is expected to lead the GCC growth rate with a projected 6.8% in 2014.
SWOT ANALYSIS of doing business in Qatar
WHY INVEST IN QATAR?
- 200 years of proven natural gas reserves
- 25.7 billion barrels of proven oil reserves
- Natural gas deposits in excess of 900 trillion cubic feet
- Daily output capacity of 850,000 barrels of crude oil
- Annual output capacity of more than 18 million tons of liquefied natural gas (LNG) per year.
- One of the richest countries in the world
- 70% of government revenue from exporting oil and gas.
- Liberal economy
- Free trade
- No restrictions on profit transfer or capital repatriation
- No import duties for machinery or raw materials
- Competitive labour costs
- No personal income taxes
- Ministry of Business and Trade support
- Tax exemptions for projects with Ministry of Defence or Ministry of Interior.
QATAR NATIONAL VISION (QNV) 2030
The four pillars of the QNV 2030 are:
- Economic development – development of a competitive and diversified economy
capable of meeting the needs of, and securing a high standard of living for all its people
for both the present and the future
- Social development – development of a just and caring society based on high moral
standards and capable of playing a significant role in global partnerships for
- Human development – development of all the country’s people to enable them to
sustain a prosperous society
- Environmental development – management of the environment such that there is
harmony between economic growth, social development and environmental protection.