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Showing posts with the label Business Growth

Qatar Financial Centre Licenses 505 New Businesses in 2024

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  The Qatar Financial Centre (QFC) , Qatar’s premier onshore financial and business hub, has reported a significant rise in new company registrations for the first half of 2024. This marks a pivotal moment for the QFC as it continues to drive economic diversification and position Qatar as a leading technology hub in the Gulf Cooperation Council (GCC) region. Record Growth in Company Registrations In the first six months of 2024, QFC registered 505 new firms, a 230% increase from the 149 firms registered during the same period in 2023. This surge brings the total number of companies on the QFC platform to over 2,200, showcasing the growing appeal of Qatar as a destination for business and investment. Technology Sector Leading the Surge The technology sector emerged as the largest contributor to this growth, accounting for nearly 38% of the newly registered firms. This impressive figure is partly due to QFC’s strategic involvement in the Web Summit 2024 held in Doha, where exclusive inc

Qatar's Economic Diversification: A Catalyst for New Business Growth

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In tandem with the strategic pursuits outlined in the Qatar National Vision 2030, Qatar's economic scene is experiencing a dynamic surge in new business ventures. This evident growth marks a substantial move towards diversification and a conducive business environment, catering to both local and international investors. The Transformative Landscape Enabling Entrepreneurial Success A Flourishing Market: Driving Qatar's Economic Expansion Qatar's market encapsulates a myriad of industries—from finance, oil, tourism, to healthcare—each playing a pivotal role in the nation's overall development and economic progression. This diversity fuels innovation, creating numerous job opportunities for both nationals and international professionals. The recent Trust Index survey by "Great Place to Work Middle East" highlights a notable statistic: 95% of employees feel respected and valued as integral members of their organizations. The research, conducted across sectors, e