CHAIRMAN MESSAGE CEO MESSAGE H.E. Sheikh Mohammed Bin Hamad Bin Qassim Al-Abdullah Al-Thani Yousuf Mohamed Al-Jaida I am pleased to witness the Qatar Financial Centre once QFC has also made signi昀椀cant strides in enhancing the It is a privilege to share with you QFC’s 2023 Annual leading wealth manager Julius Baer. It brought together again showcase its expertise in advancing its strategic ease of business incorporation and excelling in service Report, which tells our story of growth and development over 100 of the world’s most distinguished family goals, aligned with the Qatar National Vision 2030. delivery. These strategic e昀昀orts have resulted in the over a phenomenal year. business leaders for a two-day retreat which explored Building on the momentum of commercial activities and continued growth of 昀椀rms registered under its platform, It will come as no surprise to anyone that we began the latest trends and shifting priorities in global family business opportunities following the successful delivery with 327 new 昀椀rms added, raising its assets under 2023 on a high, the nation still jubilant after the businesses, emphasising shared responsibility and a of the FIFA World Cup Qatar 2022, QFC closed 2023 management to US$ 21.1 billion, an 85% increase from successful delivery of one of the most iconic football sense of duty. with signi昀椀cant achievements across its operations, US$ 11.4 billion in 2018. tournaments the world had ever seen. Though a decade And notably, through our global outreach, we leading to substantial growth. TM As we look ahead to 2024, I am con昀椀dent that QFC is in planning, the FIFA World Cup Qatar 2022 positively concluded the year having successfully onboarded 327 Its extensive domestic and international network, a well-positioned to further its mission of attracting global impacted every aspect of our economy and gave us new 昀椀rms. critical factor in driving business and industry growth, corporations and businesses to Qatar, fostering our additional opportunities to diversify our economic base has expanded further through partnerships spanning dynamic and thriving 昀椀nancial ecosystem. beyond hydrocarbons. With eyes 昀椀xed 昀椀rmly on the future, we are on a continents and industries, including healthcare, ICT, renewed trajectory of growth, innovation and expansion Building on this momentum, we strengthen or global - one that is underpinned by Qatar’s keen desire to energy, venture capital, asset management, family EVENTS network, forming partnerships with key markets such evolve and embrace all that digital and technological o昀케ce, and other 昀椀nancial services verticals. as Türkiye, Rwanda, Singapore, Hong Kong, Germany, capabilities can provide. Having built such strong As part of its strategic plan to position Qatar as a hub Canada, and Latin America by signing 18 agreements. foundations, I’m incredibly excited to see what we can for innovation and wealth, QFC launched two major collectively achieve in 2024. initiatives: the Digital Assets Lab, which included the The second half of the year proved the e昀昀ects of the public consultation for its Digital Assets Regulatory World Cup were not a 昀氀eeting triumph, and the country Framework, and the inaugural Family Business recorded a strong performance with growth rates Community Retreat, highlighting Qatar’s strength as a for output and new businesses remaining well above destination for wealth and wealth management among the six-year trend. Companies continued to point to key stakeholders. tourism as spurring growth, and 昀椀nancial services continued to expand sharply. We capitalised on this renewed vigour to create a framework of cooperation focused on developing the 昀椀nancial services industry through shared resources and initiatives. In the 昀椀ntech sector, QFC established collaboration platforms with key entities from the Middle East, Asia, and Africa. Another key highlight of 2023 was our full calendar of events. We organised as many as 84 events, bringing together business leaders and innovators from across the world to demonstrate 昀椀rst-hand Qatar’s prowess on the global economic stage whilst also fostering a culture of knowledge exchange and best practice. One of our standout events was the inaugural Family Business Community Retreat, held in collaboration with