Huge potential for Property Developers in the Qatar

qatar-buildingsThe cascading impact of global meltdown has been felt in many countries but there are a very few countries like Qatar where it is business as usual. Qatar, with proven gas reserves of over 900 trillion standard cubic feet in its north field, and oil reserves of over 15.2 billion barrels, has one of the fastest growing economies and highest per capita incomes in the world. No wonder the rulers are laying much thrust on improving infrastructure for allround development.

Qatar is a peninsula of 11,437 sqkm located halfway down the west coast of the Arabian Gulf. The territory includes several islands, including Haloul, Sheraouh, Al Beshairiya, Al Safliya and Al Aaliya. Gifted with natural resources and yet to catch up with the fast developing emirates like Dubai, Qatar is yet to keep pace with the development.

Local investment laws allow for upto 100% in foreign investment in projects related to agriculture, industry , leisure, tourism, health, education and the exploration of natural resources, energy or mining – subject to dispensation from the Ministry of Economy and Commerce.

Together with Qatari partners, who hold a 51% interest, foreigners can invest in all sectors except banking, insurance, commercial agencies and real estate.