About us - Qatar
Qatar is a small Arab emirate of 11,437 square kilometers located on the northeastern coast of the Arabian Peninsula, bordered by Saudi Arabia to the south and otherwise surrounded by the Persian Gulf. Although the total population is almost 1,7 million people, less than 250,000 are native Qataris; the rest are expatriates mainly from Asia and other Arab countries. Arabic serves as the official language, but English is widely spoken and is the preferred business language. The local time is GMT+3 hours.
Qatar used to be one of the less fortunate Gulf states with pearl-fishing as a main source of income, but thanks to a flourishing oil and gas industry the country is now one of the richest in the world with the highest GDP (PPP) per capita in 2010, ahead of Luxembourg and Singapore. Oil and gas remain the backbone of the economy and from which the national income primarily derives from. However, Qatar focuses heavily on diversifying its economy to reduce its dependency on this sector, and sports and tourism are high on the agenda. In 2006 they hosted the Asian Games, and in December 2010 they impressed a whole world by winning the rights to host the 2022 FIFA World Cup. Qatar will also host the 2015 Men`s Handball World Championship, and is bidding for the 2020 Summer Olympics. The country`s planned investments for 2011-2016 amounts to $225 billion, of which roughly 50% is not in the oil and gas industry.
The Qatar office is the oldest established audit and accountancy practice in the country having a presence dating back to 1950. The development of the gas industry led to the rapid expansion of the country’s economy, and subsequently the office has grown in size to almost 300 professionals. The considerable local knowledge and experience of the partners have been vital to the success of the firm, and all are well known in the local business community.
We offer our clients highly specialized services in the areas of Advisory, Assurance, Transactions and Tax. We work closely with colleagues in the region and across the world, reflecting the EY global integration strategy and our borderless business environment that are so highly valued by our clients.
Our client base is varied and from all industries, encompassing a number of multinational clients, government organizations, large private owned companies and family businesses.
Our offices are in the Al Ghassar Tower, in the Majlis Al Tawoon Street.
For further information on the services of the Doha office please contact our Office Managing Partner Firas Qoussous (+974 4457 4111).