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Report | The Report: Qatar 2015

Hydrocarbons revenues, specifically from liquefied natural gas, still form the bulk of Qatar’s national income. However, as the country moves forward with Qatar National Vision 2030 (QNV 2030), the government is increasingly seeking to diversify the economy away from hydrocarbons while investing in renewable solutions to meet the energy demands of the future.

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Chapter | Sri Lanka Country Profile from The Report: Sri Lanka 2016

The tropical island of Sri Lanka has for centuries attracted visitors and traders, lured by its astounding natural beauty and ideal position along dozens of ancient trade routes. Located just off the south-eastern tip of India, Sri Lanka’s geography continues to be one of its major strengths, and the country is advantageously located next to sea lanes over which almost half of global trade travels, including more than two-thirds of petroleum shipments to China. With human settlement dating back more than 125,000 years, Sri Lanka has been home to a wide array of immigrants, invaders, missionaries, traders and travellers from across India, East Asia, Europe and the Middle East.

Chapter | Legal Framework from The Report: Qatar 2015

With Pinsent Masons, this chapter contains an outline of the legal framework in which local and foreign investors operate in Qatar. It includes an examination of the rules related to company ownership, an overview of the employment procedures governed by the Labour Law, and a look at the new actions being taken to boost cyber security. The chapter also includes a viewpoint from James Elwen, Partner and Head of Qatar Office, Pinsent Masons.

Chapter | Accountancy & Tax from The Report: Qatar 2015

In conjunction with PwC, this chapter contains an overview of the tax framework in which local and foreign investors operate in Qatar, including a look at the Customs duty exemptions for some firms and an outline of the incentives available to those businesses that are diversifying the economy. This chapter also includes a viewpoint from Stephen Anderson, Managing Partner, PwC Qatar.

Chapter | Retail from The Report: Qatar 2015

With strong foundations in a thriving economy, a young population and a maturing consumer base, Qatar’s retail sector looks set to maintain robust growth as the country continues to develop into a major regional centre for trade and commerce. The state’s luxury retail segment in particular has witnessed strong growth in recent times with the rapid growth of the economy providing luxury retailers with a large and wealthy consumer base. A total of 14 new malls are in the pipeline and are set to add more than 1m sq metres of retail space over the next three years. In addition to malls, mixed-use projects are also being developed in Doha with one such development set to include 640 retail stores and 56,600 sq metres of leasable shopping space when fully operational.

Chapter | Media from The Report: Qatar 2015

The state of Qatar has become a hub for regional broadcasters, and the country enjoys high levels of media consumption with, for example, some 81% of Qatari residents reading newspapers, compared to a figure of 65% regionally. Elsewhere, Qatar’s internet penetration rate was 85.3% at the end of 2013, according to the International Telecommunications Union, one of the highest levels in the GCC, with 72% of the state’s internet users saying that “passing time online” is important, compared to 71% regionally. Meanwhile, total advertising spend in Qatar in the first three quarters of 2014 was $461m, down 1% from $466m in the same period of 2013. Newspapers were the dominant medium on the advertising market, accounting for $353m, or 77% of overall spend.

Chapter | Sports from The Report: Qatar 2015

Qatar is ramping up its production schedule in preparation for the 2022 FIFA World Cup and the state is allocating around $200bn for the tournament and associated projects, with the money to be invested in an extensive programme of infrastructure and service development. However, Qatar is looking beyond the World Cup and aims to establish itself as a global centre of excellence for all aspects of sport. To this end the Ministry of Youth and Sports was founded by the government in June 2013 and is expected to strengthen the long-term development of athletics in the state, improving planning and oversight, and consolidating the government’s involvement in the sector. Other notable institutions leveraging the growing concentration of sector expertise include the Aspire Academy for sports and the Aspetar Sports Medicine and Orthopaedic Hospital located in the Aspire Zone, an integrated complex of sports facilities, all of which should ensure the growth of the sector’s international standing moving forward. This chapter contains an interview with Dahlan Al Hamad, President, Qatar Athletics Federation; and Vice President, International Association of Athletics Federation (IAAF).