Qatar: Cabinet Approves Sweeping Reforms to Foreign Investment Law

Qatar: Cabinet Approves Sweeping Reforms to Foreign Investment Law News developments

Qatar: Cabinet Approves Sweeping Reforms to Foreign Investment Law

The Cabinet stated it had examined and approved a draft law amending certain provisions of Qatar Law No. 1/2019 regulation of the Investment of Non-Qatari Capital in the Economic Activity on non‑Qatari capital in economic activity, with aims tied to attracting foreign investment and raising private‑sector GDP contribution under the Third National Development Strategy 2024‑2030. However, neither the Cabinet note nor related reportage specifies what provisions are being changed—such as ownership limits, sector eligibility, or listing rules.

Qatar Law No. 1/2019 regulation of the Investment of Non-Qatari Capital in the Economic Activity is well‑documented and already permits up to 100% foreign ownership in many sectors (subject to exclusions), alongside incentives (e.g., tax and customs‑duty exemptions; repatriation rights). Any new amendment would therefore matter most where 2019 left boundaries—for example, excluded sectors or residual approvals. Without the draft text, it is impossible to confirm whether the reform adjusts these boundaries or simply streamlines processes.

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Hannah Faye Gutang