The Ministry of Development Planning and Statistics (MDPS) in collaboration with the Qatar Central Bank (QCB) conducted the fifth annual Foreign Investment Survey for the reference year 2016.
The State of Qatar is taking necessary steps to become a subscriber of IMF's Special Data Dissemination System (SDDS). Under this scheme, countries are required to compile and disseminate quarterly foreign investment statistics. In this respect, MDPS and QCB launched the first quarterly Foreign Investment survey referencing the period Q1 and Q2, 2017. Major findings of the these two surveys are presented in this press release.
The objective of these surveys, conducted in collaboration with QCB, was to cover major enterprises (private and public) operating in the national economy. However, data could be obtained only from privately owned companies and public corporations. International financial transactions made by individuals and by the Government were not covered. Users are accordingly cautioned that the survey results are not strictly comparable with the BOP statement of the QCB.
Findings for the annual and quarterly survey will be presented in two sections:
1) Annual Foreign Investment Survey Results for the reference year 2016
The survey obtained data from about 150 significant enterprises that had accounted for more than 90 percent of total investments and by various functional, geographical and economic activity (industrial) characteristics. For the remaining enterprises with foreign investments (inward/outward) data were estimated on the basis of past trends.
Revisions were made to the previously published 2015 data on the basis of new and revised data provided by respondents.
Liabilities to non-residents
• At the end of 2016, liabilities to non-residents increased by 23% or Bn QR 144.2 from Bn QR 629.8 to Bn QR 774.0
• At the end of 2016, other foreign investments accounted for 70% or 541.6 Bn QR, followed by foreign direct investment in Qatar at 135.4 Bn QR or 18% and portfolio investments at 93.2 Bn QR or 12% of the total liabilities.
• At the end of 2016, stock of inward FDI had been reduced by 5.2 Bn QR due to net outflows of FDI and other changes during the year.
Assets with non-residents
• At the end of 2016, Qatar’s assets with non-residents increased by 63.4 Bn QR from 396.2 Bn QR at the end of the previous year to QR 459.6 Bn QR.
• At the end of 2016, other foreign investments consisting of long term loans and trade related short term financial instruments accounted for 62% or 286.4 Bn QR of the total assets, followed by foreign direct investment abroad at 139.9 Bn QR or 31% and portfolio investments (financial securities) at 33.1 Bn QR or 7%.
• During 2016, net out flows of foreign direct investment abroad and other changes amounted to 10.9 Bn QR.
Inward Foreign Direct Investment
• About 90 percent of inward FDI was accounted for by the oil and gas and associated downstream manufacturing and other activities such as transportation and marketing. In terms of the book value of investments, manufacturing activities accounted for 56% of the total value of FDI, followed by mining and quarrying (32%) and financial and insurance activities (6%) at the end of 2016.
Outward Foreign Direct Investment
- Stock of outward direct investment from Qatar at the end of 2016 was 139.9 Bn QR, an increase of 8% over the previous year.
- In 2016, the following groups of economic activities accounted for most of the FDI abroad; financial and insurance activities (36%), transportation, storage, information and communication (31%) and mining and quarrying (27%).
2) Quarterly Foreign Investment Survey Results for Q2, 2017
The survey was addressed to about 30 of the largest enterprises in the private sector which accounted 84% of value of inward FDI of non-banks enterprises in 2016. Qatar Central Bank surveyed all 43 financial institutions under its supervision. Both institutions had therefore surveyed 73 enterprises in total.
Liabilities to non-residents
• At the end of Q2 2017, liabilities to non-residents decreased by 5% or Bn QR 37.1 from Bn QR 780.3 to Bn QR 743.2
• At the end of Q2 2017, other foreign investments accounted for 70% or 512.9 Bn QR, followed by foreign direct investment in Qatar at 135.8 Bn QR or 18% and portfolio investments at 89.4 Bn QR or 12% of the total liabilities.
• At the end of Q2 2017, stock of inward FDI had been reduced by 1.0 Bn QR due to net outflows of FDI and other changes during the quarter.
Assets with non-residents
• At the end Q2 2017, Qatar’s assets with non-residents decreased by 12.6 Bn QR from 463.7 Bn QR at the end of the previous quarter to 451.1 Bn QR.
• At the end of Q2 2017, other foreign investments consisting of long term loans and trade related short term financial instruments accounted for 59% or 266.0 Bn QR of the total assets, followed by foreign direct investment abroad at 145.8 Bn QR or 32% and portfolio investments (financial securities) at 38.0 Bn QR or 9%.
• During Q2 2017, net out flows of foreign direct investment abroad and other changes amounted to 1.5 Bn QR.
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