Qatari businessmen have called for a review into a proposed new law which would allow foreign investors 100 percent ownership of companies.
The private sector feels the a new foreign investment law which is in the pipeline would expose them to fierce competition from overseas rivals.
The Qatar Chamber of Commerce and Industry (QCCI) has called for a review of the draft of the proposed law, The Peninsula reported on Wednesday.
The paper said the QCCI also wants the authorities concerned to specify in which sectors of the economy foreign investors would be allowed to own up to 100 percent equity.
Businessmen attending a seminar on the role of foreign companies and their impact on the national economy held by the QCCI raised objections to several clauses of the draft, the report added.
They claimed that opening up the local market to foreign investment should not be done at the expense of national companies.
There was the need to specify economic sectors before the percentage of participation of more than 49 percent from a non-Qatari partner could be allowed.
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