Qatar maintains top financial centre ranking in the GCC
The latest Global Financial Centres Index, (GFCI 15), which measures the competitiveness of 83 financial centres has been published today by the London based Z/Yen Group. The index ranks Qatar as the top financial centre in the GCC, keeping the position it held last year.
Qatar’s rating rose by 15 points, mainly driven by its increasing competitiveness and perceived significance as a financial centre. The index saw the ratings of Bahrain, Riyadh and Abu Dhabi in the region also increase. However, Qatar maintained its leading position despite its ranking dropping two places from last year.
Commenting on the recent report, CEO of the QFC Authority, Shashank Srivastava, said, “I am delighted that Qatar has again been recognised as the leading financial centre in the GCC. The GFC Index, is a highly relevant and recognised indicator reflecting the views and opinions of executives from all over the world. Qatar’s position and rise in the ratings reflects how well the economy is performing, the competitive business environment and the world class legal, regulatory and tax platform the Qatar Financial Centre offers all firms to grow their businesses in Qatar and the broader GCC region.”
Qatar’s average global assessment rating has gone up slightly from last year, with all regions except Europe and the Offshore centres have given favourable assessments to Qatar, with the Americas being signiﬁcantly more favourable than theMiddle East and Africa and Asia and Paciﬁc respondents.