Qatar Financial Centre (QFC) is targetting to attract more than 1,000 companies and create more than 10,000 jobs in the financial and non-financial sectors in the country by 2022.
“Today we have more than 540 companies, and with in five years we are targeting more than 1,000 companies. So we want to double the size,” said Yousuf Mohammed Al Jaidah, CEO of QFC. “We are targeting 10,000 jobs by 2022,” he said, speaking at panel discussion on the first day of IPEC 2018.
He said that QFC is committed to enhancing the business environment to contribute to the economic growth and to the diversification of the national economy. “At the QFC we remain committed to fostering an ecosystem that fully supports businesses in realising their growth potential and contributing to the diversification of the economy, and thereby support Qatar in its efforts to achieving the objectives set out in the Qatar National Vision 2030,” he added.
He stressed on the importance of the IPEC 2018 as a unique event brings together the most important leading institutions in the Qatari economy and the international partners, in order to discuss and explore future investment opportunities and the way to maintain sustainable development in various economic sectors.
Al Jaidah stressed that QFC strives to strengthen Qatar’s position as an attractive and rewarding destination for companies looking to expand their operations in the Middle East and take advantage of business opportunities in the country. He noted that companies operating under the umbrella of QFC have many competitive advantages, such as working in a legal environment based on English common law, the right to trade in any currency, the right to foreign ownership up to 100 percent, the possibility of transferring the entire profits abroad, and others.
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