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Qatar Announces 10 Years Tax Holiday, Land, 10 % QDB Financing, Single Window Services for Investors in Industrial Sector

By
M Ashraf Siddiqui
07/08/2017
in
Doha                                                                                                                                                                                                              
06 August 2017
Aside from licensing,Qualified investors will get project guarantees with land readiness and 
immediate access to visas, including readiness of industrial infrastructure like water, 
electricity, gas, and roads, as well as priority for purchases with local manufacturers.

Speaking at a press conference this morning, Salman Mohamed Kaldari, the chairman of the 
coordinating committee for the Single Window System Management, said the project attracted 
investors vying for 250 opportunities in the industrial sector, mainly in eight major areas:
food, paper, medical, chemical, electrical, machinery and automotive, rubber and plastics, 
and metals.Kaldari said other privileges include platforms for exports, 10-year income tax 
exemption, customs exemptions for raw materials, and the provision of a 10% support for 
national and government products, in addition to financing services provided by Qatar
Development Bank (QDB).

The ‘Own your Factory in Qatar in 72 Hours’ project, a government initiative aimed at 
fast-tracking the establishment of more manufacturing companies and factories in Qatar, has 
attracted 9,349 applications from local and international companies representing major
industrial sectors.

Kaldari noted that the food sector took the lion’s share or 34% of the total number of 
registered investors with 3,168 applications, while applications in the metal sector stood 
at 1,334. This was followed by the paper sector with 1,086 applications, rubber and plastics
sector (941 applications), chemical (826), medical (710), electrical (732), and machinery 
and vehicles (552).

Of the total number of applications, Kaldari said Qatari investors comprise nearly 85%, 
while around 15% are 3,000 investors from 52 countries, including Russia, Germany, France, 
China, India, Iran, and Pakistan, among others.

Kaldari said the committee will take a month to study the applications submitted by 
investors. After selecting qualified investors, the winners will be given a wide range of 
privileges like environmental and operational licenses with a plot of land.

He said the committee distributed yesterday 75 market studies on the basic activities 
proposed to investors. It also provided them with information on how to conduct feasibility 
studies based on the products needed in the domestic market.

Established in 2016, the coordinating committee for the Single Window System Management 
represents one of the key government initiatives launched to develop Qatar’s business 
environment, stimulate real participation of the private sector, encourage domestic and 
foreign investments and channel them towards sectors with added value to the national 
economy in line with Qatar National Vision 2030, Kaldari said.

He said the committee’s first initiative was the launch of the Single Window System, which 
streamlines the administrative procedures in the state. The second initiative, the ‘Own your
Factory in Qatar’, helps investors in the industrial sector get all the necessary facilities
to start a business in just 72 hours.

The initiative is spearheaded by the Ministry of Interior, Ministry of Energy and Industry, 
Ministry of Municipality and Environment, Ministry of Economy and Commerce, and Ministry of 
Administrative Development, Labour and Social Affairs, as well as QDB, Manateq, and Qatar
Chamber.

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