Counted among one of the richest countries in the world, Qatar is the top choice for job seekers looking for career opportunities outside their native countries. One of the major reasons why it is considered to be an attractive job destination is its thriving economy.
The country has come a long way from being a nation that heavily depended on its oil economy to a nation working towards establishing a diverse economy and has been successful in its endeavors to some extent. Today, despite facing massive fluctuation in the oil prices, Qatar’s economy remains unaffected.
Over the years, the nation has shifted its attention from the oil & gas industry to develop and promote other sectors such as real estate, construction, telecommunications, banking, healthcare, etc. These efforts have had a positive impact on the employment prospects in Qatar as well. If you too are job hunting and wish to start a great career in the country, here’s a list of top 5 companies in Qatar you must consider:
Top Companies in Qatar
1. Qatar National Bank
The country’s first Qatari-owned commercial bank, Qatar National Bank (QNB Group) was established in the year 1964. The 50% of the bank is owned by the Qatar Investment Authority and the rest 50% is held by members of the public. Over the years, the QNB Group has emerged as one of the biggest banks in Qatar as well as a leading financial institution in the MENA region. For the initial six months of the year 2016, the Group recorded a net profit of QAR 6.2 billion ($1.7 billion), which was 12% more than the figures recorded for the same period in 2015.
Market Capitalization: $35.56 Billion
Qatar National Bank offers excellent job opportunities to job seekers looking to build a great career. The organization provides extensive learning & development programs to help their employees grow as professionals.
2. Industries Qatar
Industries Qatar or the IQ Group was established in the year 2003. At that time, it did not have any subsidiaries and joint ventures. However, today, it runs four major companies in the fields of petrochemicals, fertilizers and steel industries. The IQ Group of companies includes:
- QAPCO – a petrochemical company
- QAFAC – a petrochemical company
- QAFCO – a fertilizer company
- Qatar Steel
Over the years, these companies have themselves invested in subsidiaries and joint ventures and assisted in significantly expanding the size of the group.
Sector: Industrial Conglomerate
Market Capitalization: $17.66 Billion
The companies held by the IQ Group are managed independently and have their own management teams. The Group offers lucrative job opportunities to talented professionals. Those wishing to work in any of the IQ group companies have to apply directly through the respective company.
3. Ezdan Holding Group
Earlier known as the Thani Bin Abdullah Housing Group, the history of the Ezdan Real Estate goes way back to 1960. Established as a private company, the company underwent major changes in the year 2007. With a new identity, Ezdan Real Estate became a public joint stock company. Over the years, it has emerged as one of the pioneer companies in the real estate space of the Gulf. The company has been recently taken over by the Emaar group. The company’s broad portfolio of real estate assets includes Al Wukair, Al Wakrah as well as a range of residential towers. It also owns two local hotels, Ezdan Mann Al Wakrah and Ezdan Mall Gharafa.
Sector: Real Estate
Market Capitalization: $12.38 Billion
Ezdan Holding Group attracts and recruits talented individuals from the real estate field. It offers a motivating work environment to its employees and assists them in performing their jobs creatively.
Ooredoo is one of the leading international communications companies. It serves more than 100 million customers across the Middle East, North Africa, and Southeast Asia. In Qatar, Ooredoo delivers world-class services to different categories of customers, including consumers, businesses, residences, and organizations.
The company aims to make Qatar one of the best-connected countries in the world and towards this end; it is focusing greatly on building its Supernet network.
Market Capitalization: $8.29 Billion
Ooredoo has a special Talent Development team, which offers excellent training and development programs dedicated to helping employees explore and develop their potential.
5.Masraf Al Rayan
Masraf Al Rayan is the biggest Islamic bank in Qatar. It was incorporated as a Qatari Shareholding Company in January 2006 under the Qatar Commercial Company law and launched in October 2006. Known as the second-biggest lender in Qatar, the bank is structured into three main divisions, namely, Retail Banking, Wholesale Banking, and Private Banking.
Market Capitalization: $7.23 Billion
Masraf Al Rayan values its employees and makes great efforts for acquiring, training and retaining talent. It offers ample opportunities for growth and development to deserving professionals.
This list has been published by the leading news portal, Gulf Business and the rankings are based on market capitalization.
With a strong economy, great companies and lucrative employment prospects for job seekers, Qatar is indeed a land of opportunities.
About Megha Raizada –
Megha Raizada is a professional writer working with the premium job portal Naukrigulf.com. She has a keen interest in the global job market but also loves to keep a track of everything interesting happening around the globe. You can reach her at Twitter and Google+.