Qatar Financial Centre
Overview
The Qatar Financial Centre (QFC) provides business and economic institutions with a financial services platform for any business that is interested in operating in the Qatari economy. QFC was created with the long-term goals of supporting the development of Qatar and the wider region, developing local and regional markets, and strengthening the links between the energy based economies and global financial markets as part of the Qatar 2030 National Vision.
The Qatar Financial Centre Authority is QFC’s commercial and strategic arm. QFC also consists of an independent financial regulator, the QFC Regulatory Authority (QFCRA), and an independent judiciary comprising a Civil and Commercial Court and a Regulatory Tribunal. The QFC Authority is responsible for leading the expansion of Qatar’s financial services sector and for developing relationships with the regional and global financial community.
Apart from Qatar itself, which needs to raise the capacity of its financial services to support more than $140 billion worth of projects, the QFC also provides a conduit for financial services providers to access nearly $1 trillion of investment across the GCC as a whole over the next decade.