The Qatar Financial Centre (QFC) provides financial institutions with world-class services in investment, margin and no-interest loans, and capital support. These platforms are situated in an economy founded on the development of its hydrocarbons resources, specifically its exportation of petroleum. It has been created with a long-term perspective to support the development of Qatar and the wider region, develop local and regional markets, and strengthen the links between the energy based economies and global financial markets.
Apart from Qatar itself, which needs to raise capital to finance projects of more than $130 billion, the QFC also provides a conduit for financial institutions to access nearly $1 trillion of investments which stretch across the GCC (Cooperation Council for the Arab States of the Gulf) as a whole over the next decade. Commercial ties between the United States and Qatar have been expanding at a rapid pace over the last five years, with trade volumes growing by more than 340%, from $738 million in 2003 to $3.2 billion in 2009. Over the same period, U.S. exports increased by 580% to $2.7 billion, making the United States the largest import partner for Qatar. U.S. companies look to play key role in the $60 billion dollars that Qatar will invest in roads, infrastructure development, housing and real estate, health/medical and sanitation projects in the next decade.
The new town of Lusail, the largest project ever in Qatar, is under construction