Qatar Investment Promotion Department

The agreements on huge projects for utilizing the North Gas Field enhance The State of Qatar’s policy in developing industries and diversifying the fields of investments. These agreements have been reached through a number of steps: Allowing foreign investors to participate in the gas sector, looking for the best offers for the drilling operations and joint ventures in the production process through a program especially designed for developing the gas sector and making the optimal use of it. Adopting new policies to deregulate economy and trade with the objective of supporting and expanding the participation of foreign investors and the national private sector in economic activities. A number of procedures have been taken in this regard, notably issuing new laws that may attract foreign capital and encourage and enhance the role of the private sector. Providing opportunities for industrial investment, carrying out feasibility studies and promoting them for foreign and local investors. Facilitating the investors’ mission at all stages, exempting them of customs and striking down limits on the amount of imports. Moreover there are several other advantages of the joint ventures as stated in the development plan. Generally speaking, the rate of inflation is acceptable in Qatar, as the average of inflation rate during the past 5 years was estimated at 2.5%. The two fold industrial sector with its the transformational and extraction industries, is considered to be the strategic choice for The State of Qatar as a source of national income, funding and investment.