Qatar has announced the launch of a 10-year residency program aimed at attracting entrepreneurs and senior executives from around the world. Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani made the announcement on Sunday, highlighting the country’s push to boost investment and bring skilled professionals into its economy.
The new long-term residency initiative follows similar programs introduced by neighboring Saudi Arabia and the United Arab Emirates. Gulf states have increasingly adopted such schemes to compete for global talent, investors, and business leaders seeking stability and long-term opportunities in the region.
In a parallel move to strengthen entrepreneurship, the Qatar Investment Authority has announced plans to expand its venture capital program by an additional $2 billion. The expansion is expected to significantly enhance funding opportunities for startups and emerging businesses operating in or entering the Qatari market.
The QIA’s existing “Fund of Funds” initiative, currently valued at $1 billion, is designed to attract international venture capital firms and support the development of local startups. Officials said the program has already played a role in building Qatar’s startup ecosystem and encouraging innovation.
Authorities stated that the residency and investment initiatives are part of Qatar’s broader strategy to diversify its economy beyond gas and energy revenues. The focus is on developing sectors such as technology, finance, and entrepreneurship to ensure sustainable long-term growth.
Officials added that by offering long-term residency and increased venture capital support, Qatar aims to position itself as a regional hub for innovation, business, and investment, strengthening its competitiveness in the global economy.
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