FILE - In this Thursday Jan. 6, 2011 file photo, a traditional dhow floats in the Corniche Bay of Doha, Qatar, with tall buildings of the financial district in the background. (AP Photo/Saurabh Das, File)
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Companies that set up a hub in Doha will be provided free offices and tax incentives as well as seed capital to cover five years of operating expenses in return for a commitment of at least a decade, Yousuf al-Jaida, chief executive officer of the Qatar Financial Centre Authority, told Bloomberg TV. Qatar's financial hub is targeting to launch the incentive plan in the first quarter once all the governance structures have been put in place.Doha is working toward taking on rivals in the GCC by trying to attract overseas investment and growing into a bigger financial hub.
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