Qatar’s Financial Services and Insurance Sector Emerges as Key GDP Driver

Doha, Qatar: The financial services and insurance sector in Qatar is emerging as a vital pillar of non-hydrocarbon GDP growth. As per the National Planning Council report, the sector contributes approximately 9 percent to the country’s non-oil GDP, playing a central role in capital market development, risk management, and national infrastructure financing and aligns with the government’s strategic push for economic diversification and private sector development.

“We have seen a sharp rise in Qatari organisations in this sector actively seeking certification and culture transformation support,” Jules Youssef, Managing Director for Qatar, Oman, Kuwait, and Bahrain at Great Place to Work Middle East, told The Peninsula. “This reflects a clear shift toward aligning with global workplace standards and boosting employer brand visibility.”

This month, Great Place to Work, unveiled the top 10 Best Workplaces in Financial Services and Insurance across the Gulf Cooperation Council (GCC) including Qatar. Officials stressed that these organisations exemplify the powerful link between employee trust, leadership integrity, and long-term business success in one of the region’s most impactful industries.

Youssef said: “A number of standout organisations from Qatar’s financial services and insurance sectors have been recognised on this year’s Best Workplaces in Financial Services and Insurance list”.

The rankings are based on the Great Place to Work For All methodology, which uses the Trust Index survey to gather direct employee feedback, and Emprising, a proprietary analytics platform that evaluates each company’s workplace programs. 

Youssef noted that firms based in Qatar on this year’s list achieved trust scores exceeding the regional average by over 15 percent, reflecting deeply embedded, sustainable people-first strategies.

This year’s honorees in the ‘Best Workplaces in Financial Services and Insurance’ category include Century Financial, KUN Investment Holding Company, DB Investing, Ruya Community Islamic Bank LLC, Al Afaq Reinsurance Brokers, Tarmeez Capital, Miyar Capital, Gulf Lifting Financial Leasing Co, and Al Dirae Insurance Brokers WLL.

“These firms represent a growing commitment to fostering employee trust, leadership credibility, and workplace well-being in a highly competitive industry”, he added.

Officials noted that the winners also demonstrate prioritising employees leads to greater innovation, stronger resilience, and a competitive edge, further supporting national economic objectives across the GCC, particularly in Qatar as cultural transformation is becoming a strategic asset.

As the region continues to evolve economically, the role of organisational culture in achieving strategic business goals is becoming increasingly central.

Researchers remark that by investing in leadership development, employee well-being, and inclusive workplace environments, businesses are setting a new benchmark for what it means to be both an employer of choice and a catalyst for national progress.