Qatar’s FDI projects increase 110% in 2024 

Foreign direct investment (FDI) projects in Qatar have more than doubled in 2024, as the country aims to lure regional and global investors. 

FDI projects rose 110% in 2024, from 115 reported in 2023 to 241 last year. 

Greenfield projects secured the biggest slice of the pie, constituting 95.6% of the total FDI capital expenditure (CAPEX), with $2.62 billion,  

The Gulf state raked in $2.74 billion in FDI capital expenditure in 2024, versus a negative inflow of $474 million the previous year and $76.1 million in 2022, the Investment Promotion Agency Qatar (Invest Qatar) said in its latest report. 

Qatar has set an ambitious goal to attract $100 billion in net foreign direct investment by 2030, as  part of its national development strategy. 

Electric power generation lead the pack with FDI capital expenditure of $1.1 billion, constituting 40.1%. Retail & wholesale trade sector followed with 13.6% ($374 million), ahead of water, sewage, and systems sector, which garnered 9.6% ($263.9 million).

Japan emerged as the leading investor, contributing $1.38 billion (50.2%), ahead of second-place UAE with $464.6 million (16.9%). 

The US, India, and Lebanon also made significant contributions, with $361.5 million (13.2%), $56.8 million (2.1%), and $50.8 million