QATAR IS MORE TRANSPARENT
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.