• Laws cover wide areas
• Qatar targets $100bn of FDI
• Competition with neighbours

Qatar will launch three laws to deal with bankruptcy, public-private partnerships and commercial registration, commerce and economy, minister Sheikh Faisal Al Thani has said.

The laws aim to attract foreign investment as competition grows from regional countries, particularly the UAE and Saudi Arabia.

The government is reviewing 27 laws and regulations across 17 ministries which impact more than 500 activities, the minister said.

The bankruptcy and public-private partnerships laws are expected to be drafted before the end of March, Al Thani said.

Qatar foreign direct investment

Qatar has set an ambitious target of securing $100 billion in foreign direct investment by 2030, as detailed in the updated 2024 national development strategy.

The Gulf state recorded a negative FDI of $474 million in 2023, compared with $76 million in 2022. Negative FDI inflows indicate disinvestment outweighed new investments.

Sheikh Faisal served as chief investment officer for Asia and Africa at Qatar’s $510 billion sovereign wealth fund before taking office.