Qatar announced Monday it will grant residency to foreign investors for the first time, state media reported, the latest in a series of measures designed to diversify the economy. Foreigners investing an unspecified level of “non-Qatari capital” in the economy will be eligible for renewable five-year residency permits, the state-run Qatar News Agency reported. Real estate developers active in Qatar’s property market will also be eligible for the scheme, under the new law.
