The Qatar Financial Centre contributes to providing 44,178 jobs in various sectors of the Qatari economy, an increase of 34% compared to 2022 .

Doha, Qatar : The Qatar Financial Centre (QFC), one of the leading financial and business centers, has released its Economic Impact Assessment Report, which shows the Centre contributing 2.2% to Qatar’s GDP and 3.5% to Qatar’s non-oil GDP during 2024, an increase of 13% in total value added compared to 2022, reflecting the growing role of the QFC as a key driver of economic activity in Qatar .

The Qatar Financial Centre’s (QFC) contribution to the Qatari economy extends beyond its direct activities to encompass broader economic impacts across various sectors. In addition to the direct activity of companies registered with the QFC, whose assets under management reached US$41.6 billion and total revenues US$5.8 billion in 2024, the Centre stimulates economic activity through the indirect impact of these companies’ local procurement and employee spending. This impact strengthens the QFC’s economic footprint across several vital sectors, including retail, real estate leasing, and services, thereby supporting economic growth and enhancing the added value of the national economy.

The report also demonstrates the expanding scope of economic activities for companies registered with the Qatar Financial Centre (QFC), which employed 44,178 people across Qatar in 2024, a 34% increase compared to 2022. This growth reflects the continued expansion of operations by companies operating under the QFC umbrella, as well as its increasing attractiveness to local and international companies seeking to establish and expand their presence in Qatar, benefiting from its competitive business environment and easy access to the Qatari market. Notable growth rates were recorded in the number of registered companies, particularly those operating in the consulting, digital transformation, media, insurance, banking, and holding company sectors.

In addition to these indicators, the report highlights the strategic role played by the Qatar Financial Centre as a platform that connects global investors and companies with the Qatari economy, contributing to facilitating capital flows, promoting the exchange of knowledge and expertise, and supporting the growth of various economic sectors.

The full version of the Qatar Financial Centre’s 2024 Economic Impact Report can be read on the website www.qfc.qa.

About the Qatar Financial Centre

The Qatar Financial Centre (QFC) was established to operate within the State of Qatar, specifically in Doha, providing a distinguished business platform for companies wishing to establish and conduct their activities in Qatar or the wider region. The QFC boasts a unique legal and regulatory framework, a robust tax system, and a well-established business environment that allows for 100% foreign ownership, 100% repatriation of profits, and a competitive corporate tax rate of 10% on locally sourced profits. The QFC welcomes all financial and non-financial companies, whether Qatari or international.

For more information on permitted activities and the advantages of doing business under the Qatar Financial Centre umbrella, please visit www.qfc.qa

@QFCAuthority | #QFCMeansBusiness

To contact us:

Corporate Communications Department - Qatar Financial Centre

Rasha Kamal El-Din | r.kamaleddine@qfc.qa

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