As of the end of June, 532 firms were registered with the QFC.
The increase comes in the face of an ongoing blockade, in place since June 2017, backed by Saudi Arabia and the UAE. The Saudi and Emerati governments accuse Qatar of supporting terrorist groups.
According to the QFC, advisers are among the influx, with the “majority” of all types of firms coming from Europe, India and Pakistan.
Since 2010, the QFC said it has experienced 322% growth in the number of firms joining its platform. In addition, since June 2017, the QFC said it had seen a “notable increase in international firms looking to establish in Qatar”.
The figures published Tuesday include fintech, consulting, marketing, advertising firms, and investment clubs.
Yousuf Mohamed Al-Jaida, QFC Authority chief executive told International Adviser: “There is a need for more wealth and financial advisory firms to help better serve not just the expatriate community in Qatar, but also Qatari citizens.
“We are also witnessing an increasing need for asset managers, fintechs and capital market firms in Qatar, which is why the Qatar Financial Centre continues to focus its efforts on attracting key financial services players to the market.”
