The Qatar Financial Centre (QFC), one of the world’s leading and fastest-growing onshore business and financial centres announced a 69% increase in new firms registered under the QFC during H1 (1st January to 30th June 2018) compared to H1 in 2017. The total number of firms on the QFC platform was recorded as 532 firms (as of 30 June 2018).
The newly registered firms come from a wide variety of sectors including information technology, advisory and consulting, advertising and marketing, legal services and investment clubs.
As well as Qatari firms, the majority of new firms joining the QFC platform have come from Europe, India and Pakistan. There has also been a number of firms joining from the USA and MENA regions.
Since Q1 2010, the QFC has experienced 322% growth in the number of firms joining its platform. In addition, since June 2017 the QFC has seen a noteable increase in international firms looking to establish in Qatar.
Commenting on the positive results, Yousuf Mohammed Al-Jaida, Chief Executive Officer, QFC Authority said: "The QFC has broken another record in terms of firms joining our platform. We continue to attract a wide range of new companies from Qatar and beyond, all who recognise the attractiveness of the QFC platform and the many opportunities available within the Qatar market.