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Qatar business guide Doing Business in Qatar Country Commercial Guide for U S Companies INTERNATIONAL COPYRIGHT U S FOREIGN COMMERCIAL SERVICE AND U S DEPARTMENT OF STATE ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES ? Chapter Doing Business In Qatar ?

Doing Business in Qatar Country Commercial Guide for U S Companies INTERNATIONAL COPYRIGHT U S FOREIGN COMMERCIAL SERVICE AND U S DEPARTMENT OF STATE ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES ? Chapter Doing Business In Qatar ? Chapter Political and Economic Environment ? Chapter Selling U S Products and Services ? Chapter Leading Sectors for U S Export and Investment ? Chapter Trade Regulations Customs and Standards ? Chapter Investment Climate ? Chapter Trade and Project Financing ? Chapter Business Travel ? Chapter Contacts Market Research and Trade Events ? Chapter Guide to Our Services CReturn to table of contents Chapter Doing Business In Qatar ? Market Overview ? Market Challenges ? Market Opportunities ? Market Entry Strategy Market Overview Return to top ? Qatar ? s economic performance is expected to remain strong in despite di ?cult global economic conditions Gross domestic product GDP is expected to moderate to in on the back of government spending on large infrastructure projects and increased production in the manufacturing sector Qatar recorded GDP growth in rising to billion from approximately Billion in largely attributable to sustained high oil and gas prices and increases in LNG production as decades-long expansion plans reached completion From ?? Qatar ? s nominal GDP growth averaged The main drivers for this growth can be attributed to general increases in production and exports of LNG oil petrochemicals and related industries barring a slight fall of between and During the same period - the non-oil and gas sector ? s compound annual growth rate was In the oil and gas sector accounted for over of overall GDP while the non-oil and gas sector accounted for the remainder of According to Qatar National Bank the Per Capita GDP in Qatar is expected to rise to by the highest in the world There is no personal income tax in Qatar ? In Qatar was the United States ? th Largest Export Market ? Commercial ties between the United States and Qatar have been expanding at a rapid pace over the last seven years with trade volumes growing by more than from million in to billion in Over the same period U S exports increased to billion making the United States a major import partner for Qatar accounting for about of total Qatari imports Market Challenges Return to top ? Foreign Investment With certain exceptions Qatar ? s foreign investment law limits foreign ownership of local entities to of the entity ? s capital Foreign investors may own of an entity ? s capital in sectors like agriculture industry health care education tourism and the exploitation and development of natural resources subject to approval by the Government of Qatar ??GOQ ? ? Foreign investors must receive permission from the government to invest in the banking and insurance sectors Foreign investment is not allowed in commercial agencies and real estate although with respect to real estate there are limited Copportunities for foreigners to own interests in select real estate projects in