QATAR IS MORE TRANS­PAR­ENT

Qatar Today - - BUSINESS > REALTY CHECK -

Qatar has been ranked sec­ond in the world, af­ter Kenya, for its con­tin­ued progress in trans­parency for global busi­nesses over the past two years, ac­cord­ing to Jones Lang Lasalle's lat­est bi­en­nial sur­vey re­port “Global Real Es­tate Trans­parency In­dex 2014.” Qatar has wit­nessed the most sig­nif­i­cant im­prove­ment in MENA, mov­ing into the “Semi Trans­par­ent” cat­e­gory.

In­ter­na­tional in­ter­est in Qatar's suc­cess­ful bid to hold the FIFA 2022 World Cup and work­ing con­di­tions for those in­volved in the event's in­fra­struc­ture has en­cour­aged a more open and trans­par­ent mar­ket. Qatar is us­ing im­proved trans­parency to strengthen its pres­ence on the global stage as part of the Qatar Na­tional Vi­sion 2030, a bid to po­si­tion it­self as a knowl­edge-based econ­omy.

Ex­ter­nal in­flu­ences have also fur­ther ad­vanced Qatar's trans­parency stand­ing, such as a greater in­volve­ment from in­ter­na­tional real es­tate con­sul­tan­cies and the de­ci­sion by New York based in­dex MCSI to up­grade the Qatar stock ex­change from ‘fron­tier mar­ket' to ‘emerg­ing mar­ket' sta­tus, the sur­vey adds.

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