The Qatar Financial Centre (QFC) recorded unprecedented growth in 2024, with 836 new firms joining its platform, a 156% increase from the previous year. This expansion brings the total number of companies operating under the QFC umbrella to 2,489, with collective assets under management surpassing $33 billion. The business hub now employs over 11,700 professionals from 153 nationalities.
New registrations span 90 countries, with firms from the UK, India, the US, Jordan, Türkiye, France, Lebanon, and Qatar leading the way. These businesses represent a range of industries, including fintech, consulting, media, IT, and wealth management.
One of the major catalysts for this surge was QFC’s presence at the first-ever Web Summit Qatar in February 2024, which played a key role in attracting tech-focused enterprises. Technology firms accounted for 26% of the new registrations, bolstered by incentives designed to encourage foreign investment.
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In addition to the Web Summit, QFC strengthened its network through 24 new memoranda of understanding (MoUs) with leading institutions such as Qatar Islamic Bank, Masraf Al Rayan, Dukhan Bank, the Hashgraph Association, and the Chartered Institute for Securities and Investment.
Throughout 2024, QFC hosted high-profile industry events, including the 20th Corporate Registers Forum Conference, the Qatar Financial Markets Forum in collaboration with Bloomberg, and specialized summits on family offices and wealth management. It also played an active role in global events such as the 7th International Conference on Islamic Finance, the Qatar Economic Forum, and the Islamic FinTech Forum in Dubai.
A major milestone was the advancement of the QFC’s Digital Assets Lab, which welcomed 29 participants and introduced its Digital Assets Framework. This regulatory framework outlines legal provisions for tokenization, ownership rights, custody, and exchange transactions—aligning with Qatar’s FinTech Strategy and reinforcing its position as a leader in financial innovation.
Engagement
