The Role of Local Governments in Attracting Foreign Investment (Qatar as a Model)

Abstract

This research deals with the role of the Qatari local government in attracting foreign investment, as this investment is an essential and vital focus for both developed and developing countries, and has become the focus of attention of the regimes and governments of these countries. Qatar is one of the richest countries in the world and its economy relies heavily on the oil and natural gas sector and enjoys a leading position in terms of per capita GDP with the highest level of per capita income in terms of GDP internationally. The Qatari economy showed great strength despite the blockade imposed on it and the severing of economic and financial relations with some countries of the Gulf Cooperation Council, but it overcame these problems, achieved an increase in the level of its economic growth, and showed great cohesion of its economic sectors. A large percentage of investment flows are concentrated in operations related to the oil sector, ignoring other economic and financial sectors, as it was able to find a good place in the world of foreign investments due to the interest of the Qatari authorities in the development of institutions, and the establishment of an effective system to attract foreign investment, working to increase its attractiveness.