In a strategic move to position itself as a regional hub for innovation and investment, Qatar has launched a major initiative aimed at attracting global capital and advancing its economic diversification goals. As part of its long-term vision to reduce dependence on hydrocarbons and develop knowledge-based industries, the Gulf nation is ramping up efforts to create a more dynamic and investor-friendly environment.

Investment promotion agency Invest Qatar has unveiled a $1 billion initiative designed to accelerate investment inflows and enhance economic diversification, the agency announced.

The program, revealed at the 5th Qatar Economic Forum, will provide financial incentives to both local and international investors. For five years, it will cover up to 40% of key expenses—including setup costs, construction, leases, and staffing.

In its initial phase, the initiative will roll out four targeted investment packages designed to attract new capital, support existing businesses’ growth and digital transformation, create high-skilled jobs, and foster knowledge transfer.

The Advanced Industries Package focuses on high-tech, value-added sectors such as pharmaceuticals, chemicals, automotive, and electronics. The Logistics Package aims to enhance infrastructure development while promoting automation and advanced logistics services. The Technology Package targets the digital economy, supporting cybersecurity, cloud computing, artificial intelligence, and data-driven innovation.

The Lusail Financial Services Package seeks to boost the fintech ecosystem and related sectors, including insurance, asset, and wealth management, while offering incentives for companies to establish operations in Lusail, Qatar’s premier financial hub.