Invest Qatar Launches $1 Billion Incentives to Boost Investment, Diversify Economy

Invest Qatar has launched a $1 billion incentive programme to accelerate investment inflows and diversify Qatar's economy, unveiled at the 5th Qatar Economic Forum. The initiative offers financial support covering up to 40% of local expenses such as setup costs, construction, leases, equipment, and employee-related costs for five years, targeting both local and international investors. The programme features four tailored packages: Advanced Industries (pharmaceuticals, chemicals, automotive, electronics), Logistics (infrastructure and automation), Technology (cybersecurity, cloud computing, AI), and Lusail Financial Services (fintech, insurance, asset and wealth management). These packages aim to stimulate fresh investment, support digitization and expansion of existing facilities, create high-skilled jobs, and promote knowledge transfer, aligned with Qatar’s Third National Development Strategy. Qatar seeks to diversify beyond hydrocarbons and has set a goal of $100 billion in foreign direct investment by 2030, although it attracted $2.74 billion in 2024 through 241 projects. The programme also emphasizes job creation and investment minimums, with key investors including Japan, UAE, the US, India, and Lebanon.