Destinations > Qatar attracted Five Hundred Chinese firm for Investment
Qatar attracted Five Hundred Chinese firm for Investment
Qatari-Chinese economic relations, bilateral trade reached $13 billion in 2018, an increase of 27% compare to 2017. China ranks as Qatar’s third-largest trading partner and accounts for 11.65% of its total trade volume.
On Chinese investments in Qatar, more than 265 Chinese companies and representative offices have established presence in Qatar, including 244 joint Qatari-Chinese firms and 20 representative offices for Chinese firms, in addition to one fully-owned Chinese company, and one company licensed by Qatar Financial Centre.
The minister said these companies operate in several vital economic sectors, such as trade, contracting, construction, information technology, and engineering consultancy. Qatar is driven by higher growth in the services and construction sectors as Qatar implements projects within the framework of its National Vision 2030 and in preparation for 2022 FIFA World Cup.