In a bold move, cabinet approves ownership and usage of real estate by non-Qataris

Ever since the start of the illegal blockade of Qatar, the country has been taking bold new steps that facilitates nation building.

While entering Qatar on a visit visa became easier than ever before, the country also started promoting local entrepreneurs to improve self-sufficiency.

In the latest example of how forward-looking the country’s recent decisions are, the Cabinet has approved a draft law on regulating the ownership and usage of real estate by non-Qataris in the country, reported Gulf Times.

The revolutionary decision, which is likely to shake up the real estate market in the country, was taken at the regular meeting of the Cabinet, reported the official Qatar News Agency (QNA).

The draft law stipulates that non-Qataris may own properties in Qatar as per conditions specified by a decision of the Cabinet and based on suggestions of the commission for regulating non-Qatari ownership and use of real estate, reported Qatar Tribune.

The draft law provisions will be applicable on land space, buildings and residential units, and detachment units in residential complexes. 

The Cabinet meeting also reviewed and took necessary measures on a memorandum to allow listed companies in the Qatar Financial Centre to participate in tenders offered in the country.

The Cabinet also reviewed the annual report of the National Committee for Traffic Safety and its recommendations, and took the necessary measures.

The report refers to the preparation of the National Strategy for Traffic Safety 2013-2022, the executive plan of the strategy and its revision.

It also includes the establishment of a national office for traffic safety to follow up, evaluate and support stakeholders, in addition to the committee’s membership in the United Nations Road Safety Collaboration.