Qatar to introduce new laws to attract foreign investment

Qatar is set to implement three new laws, including bankruptcy, public-private partnership, and commercial registration legislation, as part of a comprehensive review to boost foreign investment, said Sheikh Faisal bin Thani Al Thani, the Minister of Commerce and Economy. The legislation, expected by March, is part of a broader effort involving 27 laws across 17 ministries.

Despite a goal to attract $100 billion in foreign direct investment (FDI) by 2030, Qatar’s FDI inflows were negative $474 million in 2023, lagging behind Saudi Arabia’s $26 billion and the UAE’s $30 billion in the same year.

Qatar’s new measures aim to invigorate its private sector and reduce reliance on government-led growth. Sheikh Faisal, appointed in November, previously served at the Qatar Investment Authority.

Attribution: Reuters

Subediting: M. S. Salama