RIYADH: A total of 505 new firms were registered on the Qatar Financial Centre platform in the first half of 2024, up 230 percent year on year, new data revealed.
A QFC mid-year progress review disclosed that this rise brings the total number of firms on its platform to over 2,200, Qatar News Agency reported.
The data further showed that the tech sector accounted for the largest share of registered businesses, contributing to almost 38 percent.
This representation is mainly due to QFC’s strong presence at the Web Summit 2024 in Doha in February, where the company offered special incentives for companies registering during the event.
The rise also came as part of QFC’s efforts to further boost the inflow of foreign investments, diversify the economy, and position the country as a leading tech hub in the region.
The QFC data also indicated that the financial services sector accounted for 10 percent of the total number of…
