27 Aug 2019
Increase in New Business in the First Half of 2019
Business
The Qatar Financial Centre, one of the world's leading and fastest-growing onshore business and financial centres, announced a 21% increase in the number of new firms registered under the QFC during H1 (1 January to 30 June 2019) compared to H1 in 2018. This represents nearly 90 new companies joining the platform, compared with 71 last year over the same period. The total number of firms on the QFC platform has exceeded 700 (as of July 2019).
The newly registered companies hail from a diverse range of sectors spanning IT services, advisory and consulting, marketing and brand management, as well as engineering. Holding companies and foreign business councils were also registered with the QFC. In addition to Qatari firms, a great deal of new firms joining the QFC platform have come from Europe and India, and a number of firms have joined from the USA, Australia, Asia and the MENA region.
The QFC has experienced a rapid rise in the number of firms joining its platform. In addition, the QFC has seen a marked increase in international firms looking to establish their operations in Qatar and the region, which is a testament to the stability and attractiveness of Qatar's thriving economy.