Qatar's strength is derived from its oil and gas revenues which have made it one of the wealthiest countries in the world in terms of per capital income. The Government of Qatar has ownership interests in several economic sectors, including oil and gases production, petrochemicals, and the steel and fertilizer industries. Government policy in recent years has recognized the need to promote greater private investment in core industrial projects.

There are three major considerations to be made by those thinking of starting a business in Qatar. You must have a good knowledge of the region, and be prepared to undertake extensive research into the business sector you aim to operate within. You must have a viable business plan, which includes a study of the market conditions, the competition and your forecast results. You must be prepared to find the necessary investment from your own resources or through your bank and preferably by other means than applying locally, particularly if you’re new to the region and without a track record. A credible plan might attract local support, possibly government support.

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