QFC mid-year report reveals investor confidence in Qatar’s flourishing digital sector

QFC mid-year report reveals investor confidence in Qatar’s flourishing digital sector

Doha

The mid-year growth record of Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has revealed investor confidence in Qatar’s flourishing digital sector.

Among the 152 firms registered on the QFC platform during the first half of the year, 25% comprised digital firms. The relatively high percentage of newly registered digital companies on the platform reflects QFC’s focus on developing the sector.

Similarly, finance, another QFC focus cluster, witnessed noticeable growth comprising 16 % of the overall number of firms that joined the company during the same period.

The half-year growth record also affirms QFC’s continued efforts to increase investment flow into the country and diversify the economy. A total of 48 countries were represented by the firms registered with the QFC from January 1 to June 30, 2022, mainly from the Middle East, Asia, and Europe. They operate in different sectors, including media, sports, real estate, retail, logistics, health, education, and energy, besides digital and finance.

A notable success of the company in the first half of 2022 is introducing the first sustainable framework for Sukuk and bonds in the GCC. The QFC Sustainable Sukuk and Bonds Framework integrates globally accepted principles with Qatar’s