Qatar’s performance during the Covid-19 pandemic built on the strength of its response to the economic blockade imposed in mid-2017. The economy has been supported by the North Field expansion project, which will increase liquefied natural gas (LNG) production from 77m tonnes per year in 2018 to 110m tonnes per year in 2027, when the project is set to be completed. The development will furthe
While the country has primarily been known for its vast gas reserves, Qatar’s global profile received a major boost in 2010 when it won the bid to host the 2022 FIFA World Cup. Since the announcement, the country has witnessed extensive international investment and substantial infrastructure projects, allowing the population to grow by an estimated 40% since 2010 due to an influx of foreign work
The state of Qatar, a peninsula located in the Arabian Gulf, is known for being one of the world’s foremost exporters of natural gas. Its economy has grown from a dependence mainly on pearling – that is, the harvesting of pearls from molluscs – to a strength in the production and exportation of hydrocarbons and other resources. Qatar National Vision 2030 (QNV 2030) was published by the…
Interview:Mubarak bin Abdullah Al Sulaiti How will new legislation improve the current investment climate in Qatar? MUBARAK BIN ABDULLAH AL SULAITI: Recent legislative changes, ranging from foreign property ownership to the residency law, offer good perspective and have contributed to a broad movement of attractively positioning the country for the future, which is spearheaded by Sheikh Tamim…
The state of Qatar, a peninsula located in the Arabian Gulf, is known for being one of the world’s foremost exporters of natural gas. Its economy has grown from being one that is dependent mainly on pearling – that is, the harvesting of pearls from molluscs – to one that is driven by the production and export of hydrocarbons and other resources. Qatar National Vision 2030 (QNV 2030) was published…
Foreign institutions can be confident in the rule of law in Qatar, as its bicephalous legal system is accessible to international investors. Business can be conducted in various ways: by registering with the Qatar Financial Centre; incorporating a local entity under Law No. 5 of 2002; or appointing a commercial agent, branch office or representative trade office. In August 2015 the new Commercial…
Viewpoint:Mubarak Bin Abdullah Al Sulaiti The newly enacted Law No. 21 of 2015 governing and regulating the entry, exit and residency of expatriates – which entered into force December 16, 2016 – has been hailed as a momentous change to the prevailing labour environment in the state of Qatar, especially given the new epoch of advancement and achievement that is currently taking place as…
The Civil and Commercial Arbitration Law No. 2 of 2017 has introduced major reforms in many areas in Qatar, and supersedes the old commercial and civil procedure code Law No. 13 of 1990. Similar to the arbitration rules set out in the UN Commission on International Trade Law (UNCITRAL) model law, the new Civil and Commercial Arbitration Law is flexible in nature and allows parties to openly…
Qatar has responded strongly to the trade blockade that cut off many of the country’s supply routes for goods, ranging from construction materials to milk, and has swiftly realigned key trading routes. Meanwhile, many in the local business community are optimistic about the opportunities for in-country value creation that the blockade has afforded. Qatar’s economy has remained better insulated
This chapter contains an overview of the legal framework in which local and foreign investors operate in Qatar, including a summary of the rules and requirements for foreign investors, a rundown of the new changes to the labour law, and a look at the modifications to the arbitration process that are taking shape. This chapter contains a viewpoint from Mubarak Bin Abdulla Al Sulaiti, Chairman, Al Sulaiti…