Qatar looks to attract foreign investment with free zones

Ministers have approved a draft law setting out regulations for special economic zones aimed at attracting inward investment in Qatar, it was reported on Thursday.

Qatar’s cabinet has referred the bill to the Advisory Council, Qatar News Agency (QNA) was quoted as saying.

Its provisions stipulate that the cabinet can establish one or more economic zones “for the purpose of executing projects and stimulating and attracting investments”, said QNA.

Under the law, the cabinet would specify its area and borders and could permit the establishment of one or more ports – sea, land or air – to support the free zone’s growth.

Source