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Qatar is a sovereign country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula. Oil was discovered in Qatar in 1940, in Dukhan Field.[1] The discovery transformed the state's economy. Now, the country has a high standard of living for its legal citizens. With no income tax, Qatar (along with Bahrain) is one of the countries with the lowest tax rates in the world. The unemployment rate in June 2013 was 0.1%.[2] Corporate law mandates that Qatari nationals must hold 51% of any venture in the Emirate.[3] In January 2018 a new draft law was approved by the Council of Ministers that would allow 100 percent foreign investment in all economic and commercial activities and sectors to help foreign capital inflow.[4]
Notable firms
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Notable companies
Active State-owned Defunct
Name Industry Sector Headquarters Founded Notes
Al Jazeera Media Network Consumer services Broadcasting & entertainment Doha 1996 Multimedia corporation
Barwa Group Financials Real estate holding & development Doha 2005 Development
BSI-Steel Building System Integration W.L.L Basic materials Iron & steel Doha 2006 Steel company
GSSG Holding Conglomerates - Doha 1994 Engineering, aviation, education, automotive company
Gulf Drilling International Oil & gas Exploration & production Doha 2004 Part of Qatar Petroleum
Gulf Helicopters Consumer services Airlines Doha 1970 Charter helicopters
Hamad Medical Corporation Health care Health care providers Doha[5] 1979 State-owned healthcare provider
International Bank of Qatar (IBQ) Financials Banks Doha 1956 Private bank
Kahramaa Utilities Conventional electricity Doha 2000 State-owned electrical and water company
Muntazah Oryx Investments Financials Investment services Doha 2010 Investments company
Nakilat Industrials Marine transportation Doha 2004 State-owned gas shipping company
Nehmeh Industrials Diversified industrials Doha 1955 Multidisciplinary company
Ooredoo Telecommunications Fixed line telecommunications Doha 1987 State-owned telecommunications provider
Oryx GTL Oil & gas Exploration & production Ras Laffan Industrial City 2003 Gas to liquids company
Qatar Airways Consumer services Airlines Doha 1993 State-owned airline
Qatar Amiri Flight Consumer services Airlines Doha 1977 State-owned VIP airline
Qatar Development Bank Financials Banks Doha 1997 State-owned development bank
Qatar Exchange Financials Investment services Doha 1995 State-owned primary exchange
Qatar Executive Consumer services Airlines Doha 2009 Charter jet subsidiary of Qatar Airways
Qatar Insurance Financials Full line insurance Doha 1964 State-owned insurance company
QNB Group Financials Banks Doha 1964 Commercial bank
Qatar National Cement Company Industrials Building materials & fixtures Umm Bab 1965 Cement manufacturing company
Qatar National Company for Medical Projects Health care Health care providers Doha 2005 Healthcare company
Qatar Petroleum Oil & gas Exploration & production Doha 1974 State-owned petroleum company
Qatar Steel Basic materials Iron & steel Mesaieed 1974 State-owned steel company
Qatargas Oil & gas Exploration & production Doha 1984 State-owned natural gas company
RasGas Oil & gas Exploration & production Doha 2001 Natural gas company
Salam International Investment Limited Conglomerates - Doha 1952 Multidisciplinary company
Seashore Group Conglomerates - Al Khor 1989 Multidisciplinary company