Doing business in Qatar is an increasingly attractive option for foreign investors for a number of reasons, mostly related to the country’s rapidly developing legislation in regards to foreign investment in the country and its subsequent projected growth.
As the country develops, there are specific areas of opportunity that those looking to explore the Qatari market are encouraged to invest in by consulting agencies. Some of these opportunities and areas for development are listed below, providing the possibility for local businesses to grow as well as encouraging further foreign expansion into the Middle East.
Firstly, there are numerous business opportunities for those in the domains of education and training, with the country being home to institutions such as the Qatar Foundation, the Qatar Science and Technology Park and the Supreme Education Council. Each of these implements its own programmes and encourages investment from foreign companies and educational institutions.
Those looking to explore the Qatari market and its educational sector will be interested to know that the country is looking to improve the skills and education of its citizens and workforce through the Qatar Vision 2030 programme, which could lead to opportunities for foreign training providers to deliver their expertise in many areas of academia and skills training.
Another industry that is advised to explore the Qatari market is the energy industry, and not only because this region of the world has abundant natural resources in the way of oil and gas; the Qatar government is very interested in developing a cleaner, greener method of gas extraction which provides the opportunity for partnership with foreign engineering companies and investors.
In addition to its non-renewable energy sources, the country is also looking to develop its capacity for harnessing solar energy which, due to the nation’s geographical location, is in abundance. Qatar also currently produces a large volume of industrial products such as vinyl, fertilizer, ethylene and other chemicals, with opportunities for local partnerships available in this area.
Those looking to explore the Qatari market will be excited to learn that the country recently won the bid to host the FIFA World Cup in 2022. This will decidedly provide huge opportunities for foreign industry and investors to work on various projects that relate to this sporting competition and it should also be noted that all sport in Qatar currently enjoys very strong governmental support.
Qatar is also an area of interest for those in the construction industry, as the country’s government is currently continuing to rapidly develop the nation’s infrastructure. In addition to this, the upcoming FIFA World Cup will provide many opportunities for construction companies to deliver their services, as will the nation’s efforts to find greener and more sustainable energy solutions.
One of the reasons that Qatar is interested in developing its infrastructure is due to the growing population and workforce of the country. This also has an impact for healthcare companies that are looking to explore the Qatari market.
In addition to providing healthcare solutions for the population of the country, the Qatari government also intends for the nation to become a centre for life science research, and is therefore keen in invest in a number of projects that will drive them farther towards achieving this goal.
Along with delivering medical care, pharmaceuticals and medical research services, foreign companies and investors also have the opportunity to provide healthcare training and supply hospital equipment and furniture in Qatar as part of its healthcare objectives.
Businesses looking to explore the Qatari market will be pleasantly surprised to discover that this small nation currently offers a wealth of opportunity across a variety of domains. From construction and green energy to health care and education, there are possibilities for many to deliver their solutions and products to this rapidly growing country that is investing heavily in its future.