Qatar will introduce a 10-year residency program for entrepreneurs and senior executives to attract global talent and boost investment, Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced on Sunday.
The initiative follows similar long-term residency schemes launched by neighboring Saudi Arabia and the United Arab Emirates to draw skilled professionals and investors to the region.
In a related move to strengthen entrepreneurship, the Qatar Investment Authority (QIA) will expand its venture capital program by $2 billion.
The existing “Fund of Funds” initiative, currently valued at $1 billion, aims to attract global venture capital firms and support startups in Qatar.
Officials say the program forms part of broader efforts to diversify the country’s economy beyond gas revenues and position Qatar as a regional hub for innovation and business.