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QFC registers 836 new firms, marking a 156% growth surge
The newly registered companies represent 90 countries, with the UK, India, the US, Jordan, Turkey and Qatar leading the pack.
The Qatar Financial Centre (QFC) experienced record-breaking growth in 2024, registering 836 new firms—a 156% surge compared to the previous year. This influx brings the total number of firms operating within the QFC to 2,489, with combined assets under management exceeding $33 billion. The QFC community now boasts over 11,700 employees representing 153 nationalities.
A key driver of this growth was the QFC’s active participation in the inaugural Web Summit Qatar in February 2024. This event proved instrumental in attracting many technology firms, constituting the largest share (26%) of 2024 registrations. Incentives offered during the summit further fueled this influx, attracting foreign investment.