Foreign direct investment (FDI) projects in Qatar have received a 70% annual growth between 2019 and 2022, according to HE Abdullah bin Abdulaziz bin Turki Al Subaie, Minister of Municipality.
In his opening address at the Qatar Real Estate Forum on Sunday, H.E. Al Subaie commended the remarkable rise in FDI projects and noted that by the end of 2023, it is expected to grow by 2.4%, establishing the country as among the top countries attracting global FDI.
“The real estate sector is one of the fastest growing sectors in Qatar and ranks second after the energy sector, with investments exceeding more than $23 billion and launching 135 real estate projects in 2022. This is a big addition to Qatar’s infrastructure achievements,” he said.
Hosting the FIFA World Cup Qatar 2022 has had a positive impact in attracting a large number of foreign investors, Al Subaie noted. The event enhanced Doha’s position as a thriving financial center that leads dialogues and provides the possibility of exchanging views to enhance synergies among the main players in the economic arena at the local, regional, and international levels.
Al Subaie commended the Qatar Real Estate Forum as it highlighted regulations and legislation and their role in achieving a sustainable real estate industry.