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Qatar is ramping up efforts to increase foreign investment and incentivise activity in a range of different industries, unveiling plans to launch two new free trade zones.

Qatar has taken an early lead in the roll out of 5G mobile services, with the country’s two operators, Ooredoo and Vodafone Qatar, both launching their next generation networks in recent months.

With liquidity levels strong and earnings solid, international ratings agencies and the Qatar Stock Exchange (QSE) have expressed confidence in the financial stability of the country’s banks, though external pressures remain.

Moves to expand promotional activities in India, China and Russia, coupled with the easing of visa requirements, have helped to diversify Qatar’s tourism industry, helping to offset a fall in arrivals from neighbouring states.

Qatar is placing significant focus on preventative health care as part of its new five-year plan for the sector, with efforts to improve the general health of the population and reduce the cost of service provision set to offer increased opportunities for private sector investment.

Small and medium-sized enterprises (SMEs) could be set for a much more prominent role in Qatar, with the government stepping up efforts to collaborate with local companies as part of broader diversification plans.

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