Qatar General Organization for Standards and Metrology
Qatar General Organization for Standards and Metrology aims to upgrade the
quality of commodities and materials. It is the only body authorized to
discharge the following duties:
1- Prepare, endorse and publish the standard specifications of commodities
and products; operation, test and examination procedures of raw materials
and equipments; the basis for assessment, the standard measurement systems,
terms, definitions and hallmarks, in addition to other functions in
coordination with concerned departments.
2- Issue and endorse conformity certificates for standard and quality
specifications, designate the basis of offering such certificates and
approve laboratories and non-government service utilities.
3- Follow up local and imported commodities and products to ensure their
conformity with the declared standard specifications.
4- Spread awareness of standardization and metrology activities among all
concerned parties and highlight the regional and international developments
in this field.
5- Conduct studies and researches on conformity with the standard
specifications and quality systems to reach the solutions for involved
6- Represent the State in the Arab and foreign organizations for standards
7- Follow up the implementation of regional and international agreements in
the field of standards and specifications and coordinate with concerned
parties in this field.
8- Propose the legislations pertaining to standards and metrology.
The financial resources of the organization include the following:
1- The financial resources allocated by the State.
2- The income generated by its activities.
3- Loans and financial facilities.
4- Grants, legacies, donations etc.
5- Other resources endorsed by the council of ministers on the basis of
proposals from the organization's board of directors and concerned
The Supreme Council for Economic Affairs and Investment
Presided over by His Highness the Emir, with His Highness the Heir Apparent
as vice president, the Council is generally concerned with economic and
energy affairs and the investment of the country's surplus financial
It is namely responsible for the following functions:
1- Drawing out the State's general policies in the economic, financial,
commercial and energy fields, as well as endorsing and following up the
implementation plans thereof.
2- Coordinating between the ministries and government departments, public
authorities and companies working in the fields referred to on paragraph (1)
in order to achieve the required integration in service of public interest.
3- Outlining the general principles to be observed in preparing and
implementing the development plans of the State.
4- Endorsing the financial and monetary policies of the State including the
priorities of public spending.
5- Designating the criteria to be observed in preparing the general budget
and the budgets of public authorities, establishments and companies in
service of the declared objectives.
6- Approving the projects to utilize the natural resources of the country as
well as the major industrial and economic projects in which the State or
public authorities, establishments and companies are involved.
7- Designating the general principles of commercial policies on the local
and international levels in such a way as to develop the internal trade,
stimulate commercial exchange and increase the financial returns thereof.
8- Outlining the policies required to diversify the economic base and
increase the sources of public income.
9- Preparing the policies, controls and criteria for designating the
priorities of the privatization of public sector projects.
10- Endorsing the policies aiming to activate the private sector and
increase the contribution thereof in the national economic activity and
11- Designating the policies and procedures to be taken to encourage
national and foreign investments, and deciding the suitable incentives to be
offered in this respect.
12- Following up the international economic developments and their potential
impact on the national economy, and taking the required steps and
precautions to benefit from their advantages and curtail their
13- Deciding the suitable frameworks through which to support economic and
commercial cooperation at the regional and international levels.
The council is responsible for the following tasks in the field of investing
the country's surplus financial resources:
1- Designating - within the general strategy of the State - the objectives
of investing the country's surplus financial resources.
2- Drawing out a long-term policy and annual implementation plans thereof to
invest the State's surplus financial resources.
3- Following up the implementation of investment programs and periodically
evaluating the results thereof.
4- Designating the banks and financial establishments in or through which to
invest the State's surplus financial resources.
5- Designating the foreign currencies by which to evaluate the investment
assets of the State's surplus financial resources.
6- Designating the securities in which to place the investments.
7- Discharging any other duties ordered by the amir.
The Council has a general secretariat chaired by a secretary general who is
aided by two deputies one for economic affairs and the other for investment
affairs. The secretary general and his two deputies are appointed by a
decision from the Council's president.
The general secretariat is composed of the following administrative units:
1- Financial Investment Department.
2- Direct Investment Department.
3- Investment Accounts Department.
4- Energy General Policies Department.
5- Administrative and Financial Affairs Department.
Qatar Finance Center
Qatar Finance Center seeks to stimulate the national economic activity in
line with the international economic developments and create the suitable
environment to enhance development and open new horizons for investment.
The Center is authorized to license the establishment and economic
activities of companies, individuals, banks, investment projects, finance
companies, insurance companies, all sorts of stock and securities markets,
asset management and all kinds of brokerage services. It offers its services
in the field of investment categorization and evaluation, financial
representation, counseling, financial facilities, holdings and operations
and management of offshore companies.
The entities authorized to operate at or through the Center enjoy the
freedom to repatriate their profits and investment assets in addition to
being secured against nationalization, expropriation or the imposition of
restrictions on private ownership. All entities licensed to operate at or
through the Center can be 100% owned by foreigners or non-resident
individuals or companies.
It has a three-tier authority structure comprising Qatar Financial Center
Authority, Qatar Financial Regulatory Authority and an Arbitration Body,
each of which is financially and administratively autonomous. The Center
Authority aims to enhance the position of the Center as a pioneering
international financial and business hub and boost the operational
efficiency of the Qatari economy in line with the best international
standards. The Regulatory Authority undertakes licensing tasks and organizes
and supervises banking, insurance and business activities discharged at the
Center. The Arbitration Body is concerned with hearing the appeals presented
by the companies and legal entities against the decisions of the Regulatory
Authority; and its decisions are final, unchallengeable and are binding to