Invest Qatar unveils $1 billion incentives program to boost foreign, local investments

Doha:InvestQatar has officially launched a US$1 billion incentives program, aimed at strengthening Qatar s position as a leading global business hub....

Doha: Invest Qatar has officially launched a US$1 billion incentives program, aimed at strengthening Qatar's position as a leading global business hub.

Unveiled at the 5th edition of Qatar Economic Forum, the program offers a comprehensive suite of incentive packages tailored for both local and international Investors. These incentives provide financial support covering up to 40% of eligible local Investment expenses over five years, including business setup costs, construction, office leases, equipment and employee-related expenses.

Targeting key growth sectors identified in the Third National Development Strategy (NDS3), namely advanced industries, logistics, IT and digital and financial services, the incentive program will be rolled out in phases.

The first phase introduces four off-the-shelf incentive packages designed to support new Investments, facilitate the expansion and digitization of existing facilities, create high-skilled employment opportunities, promote knowledge transfer and foster an innovative, tech-driven ecosystem.

The Advanced Industries Package focuses on high-value, technology-intensive sectors such as pharmaceuticals, chemicals, automotive and electronics, fostering innovation and value-added production.