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Dear Colleagues,

It gives me great pleasure to give you update on the recent developments in the QFC.

February has been a remarkable month marked by substantial growth in the number of firms on our platform. We are proud to announce that over 100 companies joined us during the 4-day Web Summit Qatar 2024, underscoring the significant competitive advantage we offer to businesses seeking to operate or expand within Qatar. With firms representing various sectors, this achievement marks a significant step towards achieving our objectives of economic diversification.

During the Summit, we had the privilege of signing three significant Memoranda of Understanding. These agreements, with Bahrain FinTech Bay, Partior, and the University of Doha for Science and Technology, underscore our commitment to fostering partnerships aimed at enhancing the financial services industry and driving Qatar's economy forward through innovation and knowledge sharing.

The economic prospects of Qatar are exceedingly positive. February's Purchasing Managers' Index reflects the country's economic resilience and dynamism. Moreover, Qatar's GDP is projected to exceed $300 billion by 2028, signalling a promising future for the country and businesses within its market.

We will continue to leverage these favourable economic conditions to attract businesses to Qatar and capitalise on the opportunities it offers to create an even more conducive business ecosystem in the country.


Yousuf Mohamed Al-Jaida

Chief Executive Officer, Qatar Financial Centre

We are proud to welcome 105 new firms to the QFC platform in February 2024
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QFC News Highlights

QFC registers more than 100 companies during the Web Summit Qatar 2024

QFC signs memoranda of understanding during the Web Summit Qatar 2024

Qatar PMI: Renewed expansions in activity and demand in January

QFC Employment Standards Office Promotes ESG and Just Transition Practices in Strategic Dialogue

Business News Highlights

Qatar's GDP set to exceed $300 billion by 2028: FocusEconomics

Qatar's medium-term growth to average 5.5%

Qatar Islamic fintech market seen to grow to $4 billion by 2027

Qatar's digital investments expected to reach $5.7 billion

QCB foreign reserves surge by 5.26% in January 2024

UAE, Qatar banks lead GCC ‘reputational net sentiment’

GCC will outperform global economy in 2024

GCC potential to up GDP by $2.5 trillion over next decade

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The global economy on track for a soft landing, but activity and growth prospects remain weak.

World Bank

World Bank predicts slowest half-decade of growth in 30 years.
PWC market trends


Qatar continues to offer investors a friendly and attractive integrated business and commercial ecosystem.
Know more about the latest market trends, news updates and our latest events. 
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