New law to permit non-Qataris’ total investment in projects

Qatar has agreed replacement of the law pertaining to foreign investment and will allow foreign investment to be 100% of project capital in all sectors, 100% foreign investment was previously restricted to certain sectors only.

Non-Qataris may invest up to 100% of the project capital in all sectors of the national economy provided they have a Qatari services agent, according to a draft law approved by the Cabinet.

The Cabinet gave its nod to the draft law on non-Qatari capital investment in economic activity at its regular weekly meeting on Wednesday, the official Qatar News Agency (QNA) reported.

The meeting was chaired by HE the Deputy Prime Minister and Minister of State for Cabinet Affairs Ahmed bin Abdullah al-Mahmoud at the Emiri Diwan.

The draft law aims to keep pace with modern developments in the field of investment and will replace Law No 13 of 2000 regulating the investment of non-Qatari capital in economic activity.

More details: goo.gl/T58H8s