Sector now accounts for 10 per cent of GDP
Doha’s financial sector has become an important part of Qatar’s economy.
“The contribution of the financial industry is an important part of the National Vision for 2030,” said Shashank Srivastava, chief executive officer, Qatar Financial Centre Authority (QFC) speaking at the MEED Qatar Projects 2013 conference on 18 February. “Financial services help diversification away from excessive dependence on hydrocarbons. Qatar has already made long strides. Finance, insurance and reinsure now account for 10 per cent of GDP.”
QFC was set up by the state in 2005 to facilitate the development of financial sector. The authority maintains regulatory system so that QFC meets international standards, together with providing other services such as dispute resolution.
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.