The Qatari government has approved a draft law that allows foreign investments across all markets in the country.
The new draft law aims to attract non-Qatari capital to the country and promote economic development.
At the time being, businesses in Qatar can not be 100% foreign investments, but should instead be joint ventures between Qatari and foreign parties – with the Qatari side holding the bigger stake.
The new decision was taken at the Cabinet’s weekly meeting, according to Gulf Times.
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The draft law will be replacing Law No 13 of 2000, which regulates investments done with
According to new regulations, foreign investors “may invest in all economic sectors up to 100% of the capital, and may own no more than 49% of the share capital of Qatari listed companies on the Qatar Exchange, after the approval of the Ministry of Economy and Commerce on the percentage proposed in the company’s memorandum of association and articles of association.”
Also, foreign investors may hold much larger stakes in Qatari companies than those mention, if they receive approval by the sitting Cabinet.