Qatar’s business landscape in 2025 is marked by diversification, innovation, and strategic investments. From established giants to dynamic startups, the country’s economic environment offers a wealth of opportunities. Here’s an expert analysis of the top 10 businesses in Qatar this year.
1. QNB Group – Dominating the Financial Sector
Qatar National Bank (QNB) continues to lead as the largest financial institution in the region. With a market value of USD 41.1 billion and assets totaling USD 356.6 billion, QNB operates in 28 countries and employs over 31,000 people. In April 2025, the bank closed a USD 2 billion syndicated loan, reinforcing its strong financial position.
2. Ooredoo Group – A Telecommunications Powerhouse
Ooredoo stands out as a leading telecommunications provider in the Middle East. With a market value of USD 11.3 billion and operations in 10 countries, Ooredoo serves over 52 million users. In July 2025, the company launched a sovereign AI cloud, showcasing its commitment to technological advancement.
3. Industries Qatar (IQ) – Industrial Excellence
Industries Qatar (IQ) is a key player in the industrial sector, with a market value of USD 20.2 billion. The company reported sales of USD 3.5 billion and profits of USD 1.3 billion in 2025. IQ’s diversified portfolio includes petrochemicals, fertilizers, and steel, contributing significantly to Qatar’s industrial output.
4. Qatar Airways – Soaring to New Heights
Qatar Airways reported a record-breaking profit of $2.15 billion for the fiscal year ending March 31, 2025. With a fleet of over 230 aircraft and serving 43.1 million passengers, the airline continues to be a global leader in aviation.
5. Al Faisal Holding – A Conglomerate of Influence
Al Faisal Holding is one of Qatar’s largest and most diversified conglomerates. The company has investments in real estate, hospitality, and retail, playing a pivotal role in shaping Qatar’s urban landscape.
6. HBK Contracting – Leading Construction Firm
HBK Contracting is a prominent construction company in Qatar, known for its involvement in major infrastructure projects. The firm has a strong portfolio in civil engineering, building construction, and project management, contributing to the country’s development.
7. Baladna – Pioneering in Dairy Production
Baladna is Qatar’s largest locally-owned food and dairy producer, supplying over 95% of the country’s fresh dairy products. The company has played a crucial role in enhancing Qatar’s food security and reducing reliance on imports.
8. Snoonu – A Rising Star in E-Commerce
Snoonu is a rapidly growing startup in Qatar, offering delivery services for groceries, food, and other essentials. The company has gained popularity for its efficient service and user-friendly platform, catering to the needs of the modern consumer.
9. UMMA LIFE – Innovating Health and Wellness
UMMA LIFE is a startup focused on health and wellness, providing services that integrate technology with personal well-being. The company’s innovative approach has resonated with health-conscious individuals in Qatar, positioning it as a leader in the wellness sector.
10. Qatar Investment Authority (QIA) – Steering Economic Growth
The Qatar Investment Authority (QIA) is actively involved in shaping the country’s economic future. In 2025, QIA partnered with Canadian asset manager Fiera Capital to launch a $200 million fund aimed at investing in Qatari equities. This initiative reflects QIA’s strategy to diversify investments and attract global asset managers.
Key Takeaways
- Diversification is Key: Qatar’s economy is transitioning from oil and gas dependence to a more diversified portfolio, with significant investments in finance, technology, and infrastructure.
- Innovation Drives Growth: Startups like Snoonu and UMMA LIFE are leading the way in e-commerce and wellness, reflecting Qatar’s embrace of innovation.
- Strategic Investments: Initiatives by QIA and partnerships with global firms underscore Qatar’s commitment to economic growth and diversification.
FAQs
Sectors such as technology, healthcare, and food production offer significant opportunities for new businesses in Qatar.
Foreign investors can enter the Qatari market through joint ventures, partnerships, or by establishing a local presence in sectors open to foreign investment.
Benefits include a stable economy, strategic location, tax incentives, and a growing consumer market.
Yes, initiatives like QIA’s $1 billion ‘Fund of Funds’ program support startups by providing venture capital and fostering innovation.
Qatar is investing in digital infrastructure and promoting policies that encourage innovation and entrepreneurship across all sectors.
In conclusion, Qatar’s business environment in 2025 is vibrant and full of opportunities. Whether you’re an investor, entrepreneur, or professional, the country’s dynamic sectors and supportive policies offer a conducive environment for growth and success.
