DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one...

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DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR

Transcript of DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one...

Page 1: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

DOING BUSINESS AND INVESTMENT OPPORTUNITIESIN QATAR

Page 2: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

QATAR HEART OF THE ARABIAN GULF

Page 3: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

HOW IS QATAR DIFFERENT?

Qatar’s Economical Global Ranking

A supportive, modern Qatari Constitution

Qatar’s National Vision 2030

Offers diverse Business Opportunities

FDI Policies and Governmental

Facilities.

Page 4: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

AND… One of the highest income-per capita countries.

Family-friendly lifestyle and an extremely safe

living environment.

World-leading education, medicine, leisure and

sports facilities.

Politically stable and economically secure.

Developing rapidly in all aspects.

Page 5: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

GLOBAL COMPETITIVENESS INDEX

Qatar is one of the richest countries in the world.

Real GDP growth rate of 22% between 2006 and

2013.

Real GDP growth: 6.3% (2014)

GDP per capita: $101,513 (2013)

Highest average growth rate in the Gulf Cooperation

Council .

Page 6: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

OUTSTANDING PROGRESS IN QATAR’S ECONOMICAL DEVELOPMENT AND GROWTH

16th Most Competitive Economy in

the World & 2nd Most Competitive in

the Middle East

Global Competitiveness 2014-15

World Economic Forum

Most Innovative in the Middle East

& 33rd in the World

Global Innovation Index 2012

Most Network-Ready in the Middle

East & 28th in the World

Global Information Technology Report 2013

Most Peaceful in the Middle East &

22th in the World

Global Peace Index 2014

Page 7: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

QATAR’S SOVEREIGN RATINGS REMAIN STRONG ONTHE BACK OF ROBUST ECONOMIC FUNDAMENTALS

S&P Moody’s Fitch CI1 EIU

Foreign

Currency LT2 Outlook LT2 Foreign

Currency LT2

Foreign

Currency LT2

Overall

Country

Risk

Banking

Sector Rating

Qatar AA Stable Aa2 AA AA- A BBB

UAE - - Aa2 - AA- BBB BB

Bahrain BBB Stable Baa2 BBB BBB BB BB

Saudi

ArabiaAA- Stable Aa3 AA- A1+ BBB BBB

Kuwait AA Stable Aa2 AA AA- BBB BB

Oman A Stable A1 - A A BBB

Source: Bankscope, March 2015

Note: 1 – Capital Intelligence

Note: 2 – Long-termSTRICTLY CONFIDENTIAL

Page 8: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

QATARI CONSTITUTION

Executive

Legislative

Judiciary

Page 9: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

QATAR’S NATIONAL VISION 2030

Human development

Development of all its people to enable them to sustain a prosperous society.

Social development

Development of a just and caring society based on high moral standards.

Economic development

Development of a competitive and diversified economy.

Environmental development

Management of the environment in harmony with economic

growth and social development.

1

2

3

4

National Development Strategy (2011-2016)

Page 10: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

QATAR’S GOALS AND OBJECTIVES TO ECONOMIC POLICY

Achieve sustainable economic growth.

Strengthen and broaden the country’s fast-growing economy.

Diversify the economy.

Help secure the future prosperity of its people by building a diversified asset base.

Promote economic growth.

Create the right investment climate.

Page 11: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

SIGNIFICANT GROWTH IN ALL SECTORS AND INDUSTRIES IN QATAR

Cumulative number of incorporated companies (excluding deleted and liquidated companies) by sector since 1980, shows sustained growth.

All the sectors have contributed to national growth since the 1980s, though the rate of increase in the last decade has been the highest.

0

5

10

15

20

25

1980 1984 1988 1992 1996 2000 2004 2008 2012

Co

mp

an

ies

(00

0)

Figure 10 - Net cumulative growth of industries by number of net incorporated companies excluding distribution sector

Construction and industrial activities

Consulting and technical services

Education

Energy and utilities services

Finance

Food and beverage

Healthcare

Lifestyle services

Tourism and entertainment

Page 12: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

DIVERSE BUSINESS OPPORTUNITIES IN QATAR

Construction and

contracting

12.84%

Manufacturing

3.72%

9.47%

59.42%

0.94%

0.65% 0.50%

3.27%7.76%

0.72%

0.65%

Construction industry

16.61%

Figure 7 - Percentage of net incorporated companies by sector

Construction and contracting

Other industrial activities

Consulting and technical services

Distribution (wholesale and retail)

Education

Energy and utilities services

Finance

Food and beverage

Lifestyle services

Healthcare

Tourism and entertainment

47.2%

36.0%

7.0%

2.8%2.1%

1.7%

1.4% 0.8%0.7%0.3%

Figure 8 - Employment in each sector

Construction and industrial activities

Distribution (wholesale and retail)

Energy and utilities services

Tourism and entertainment

Education

Healthcare

Food and beverage

Finance

Consulting and technical services

Lifestyle services

Percentage of incorporated companies by sector

Employment in each sector

Page 13: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

INVESTMENT OPPORTUNITIES

▪ Investments directly

linked to World Cup

(e.g., stadia, hotels)

▪ Investments not directly linked

to World Cup but enabling

successful organization (e.g.,

rail network, roads)

Qatar’s investment

agenda includes …... generating different opportunities over time

Opportunities from

infrastructure

construction

Time

Siz

e o

f opport

unity

I

Opportunities from operations of

infrastructure and services

II

Opportunities for sectors benefitting from

development of infrastructure/operations

III

In addition,

significant

multiplier

effect for

general

economy

World Cup

Investments necessary

due to general

increase of economic

activity/ population

(e.g., utilities, public

infrastructure)130-14070-80

90-110

Bn USD1

Page 14: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

VARIOUS INVESTMENT OPPORTUNITIES

Infrastructure

and real estate

Sports, culture &

tourism

Energy

investment

opportunities

Finance &

Insurance

Healthcare,

education &

environment

Real estate

development

Developers Drilling Hedge funds Hospitals

Infrastructure

projects

Consultants Exploration Investment

institutions

Medical centers

Consultants Travel agencies Transportation Banks Medical

research

Construction Airlines LNG/ GTL Leasing

companies

Schools

Real estate

investment

Tourism

authorities

Equipment

suppliers

Financial

consultants/

advisors

Colleges

Culture

authorities

Onshore &

offshore

Insurance Universities

Page 15: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

QATAR’S MEGA PROJECTS

Target investments USD 45BnEstimated population 200,000

Target investments LRT:USD 14Bn; Long

Distance: USD : 34BnLusail LRT:38.5 kms of rail with 37 stations

Long Distance: 390 kms with 6 stations (phase1-4)

Target investments USD 3.5Bn25,000 people will work here

Target investments USD 7.4BnOne of the world’s largest port developments

Target investments USD 65.2Bn241km of rail with 106 stations across Doha

Target investments USD 23Bn550km of road across 221 projects

Lusail CityLusail Light Rail Transit & Long

Distance

Hamad Seaport Doha Metro Phase 1& 2 Roads and Highways

Qatar Media City

Source: MEED – Qatar Megaprojects 2013

Page 16: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

QATAR’S MEGA PROJECTS (Cont.)

Hamad International Airport extension

$2 bn

Education sector: $7.2 bnTarget investments US$ 5.5Bn

31 Hectare development in the heart of Doha

Msheireb Downtown Doha

Page 17: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

2022 FIFA WORLD CUP PROJECTS™

Al Wakrah

Stadium

Al Bayt Stadium

Al Khor City

Qatar Foundation

Stadium

Al-Rayyan Stadium

(Expansion)

Page 18: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

HOW CAN FOREIGN INVESTORS BENEFIT FROM THE FDI POLICIES?

100% foreign ownership is possible through authorization by the

Ministry of Economy and Commerce in most sectors , if necessary.

• A foreign Investor can have up to 100% ownership in the following

business sectors:

• Up to 49% of foreign ownership in all other sectors.

• New draft law has been approved to exempt foreign investors from

corporate profits and units in investment funds which are listed for

trading from income tax.

• Tax exemption for Belgian companies.

Agriculture Industry Health Education

Tourism Energy ITBusiness

Counsultancies

Sport &Culture Enviromintal ServicesTechnical

Counsultancies

FDI

Sectors

Tax

1

2

3

Page 19: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

FURTHER MEASURES TO IMPROVE

QATAR’S BUSINESS ENVIRONMENT

Onshore business and financial centre offering its own

world-class legal, regulatory and tax environment.

•Allows 100% foreign ownership

•Allows 100% repatriation of profits

•Transparent environment

•Independent judiciary and dispute resolution services (QICDRC)

Source: www.qfc.qa

Suitable for a wide range of businesses:

• Financial Services

• Professional Services

• Business Support Services

• Company Headquarters

• Management Offices

• Trusts

• Holding Companies

1. Qatar Financial Centre (QFC)

Page 20: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

Qatar’s primary incubator for

technology development, fostering the

environment required for accelerating

commercialisation of research

•Allows 100% foreign ownership

•No taxes

•Duty-free import of goods, equipment

and services

•Unrestricted repatriation of capital

and profits

•No restriction on hiring expatriate

employees

Source: www.qstp.org.qa

2. Qatar Science and Technology Park (QSTP)

Suitable for technology businesses

related to the following sectors:

•Energy

•Environment

•Health Sciences

•Information & Communication

Page 21: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

3. Manateq

* EZ = Economic Zone

Source: Manateq, November 2014

The State of Qatar is investing in

building three economic zones in

primary locations.

•Zone 1 “Ras BuFontas” focusing on the

logistics, information & communications,

healthcare, and high tech industries.

•Zone 2 “AlKaraana” focusing on the

building materials, machinery &

fabrications, energy and environment, and

safety and maintenance industries.

•Zone 3 “Um AlHoul” focusing on the

petrochemicals, building materials, maritime,

logistics, metals, and food processing

industries.

Manateq Special Economic Zone Location Map

**

*

Page 22: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

START YOUR INVESTMENT PROCEDURES

Apply to the Investment Promotion Department under the Ministry of

Economy and Commerce.

Submit an investment feasibility study.

2

3

1

Complete the application for the commercial registration to obtain the

commercial registration from the Ministry of Economy and Commerce.4

Apply for the approval from the specific government authority

depending on which sector you are willing to invest in.

Page 23: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

FURTHERMORE ENCOURAGING INCENTIVES ON WHY TO INVEST IN QATAR!

Tax breaks

Transparency

Access to finance

Highly skilled labor

No income tax on salaries

Freedom of money transfers

abroad

Page 24: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

1. Single window registration – Ministry of

Economy and Commerce.

2. Qatar International Court and Dispute

Resolution Centre

GOVERNMENTAL FACILITIES TO INVESTORS

Page 25: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

• Agreement of Encouragement and protection

of mutual investments in 06/11/2007.

• Agreement for avoid double taxation.

• Qatar Invest 1.06 billion Euro in European

Private Bank( KBL).

• Total Trade volume : 6.87 Billion Qatari

Riyals.

QATARI- BELGIAN RELATIONS

Page 26: DOING BUSINESS AND INVESTMENT OPPORTUNITIES IN QATAR · GLOBAL COMPETITIVENESS INDEX Qatar is one of the richest countries in the world. Real GDP growth rate of 22% between 2006 and

Thank You

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