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Deal by Design
Welcome to this edition of Law Update, focusing on the evolving M&A landscape across the MENA region. With deal activity and value continuing to grow, the region is seeing increased investor interest alongside a changing regulatory environment.
This edition explores key legal and market developments affecting M&A transactions, including regulatory reforms, foreign investment, governance, due diligence and deal structuring across the region.
The Ministry of Commerce and Industry of the State of Qatar (Ministry) has announced a phased update to the commercial activity classifications assigned to companies registered in mainland Qatar. The update aligns existing activity codes with the Unified Classification of Economic Activities. The implementation will proceed in three phases commencing on 1 June 2026. Importantly, the Ministry has confirmed that the updates will be applied automatically and will not require any action by business owners. The reclassification will not affect the nature of any commercial activity or the validity of any commercial registration.
The Ministry maintains the registry of commercial activities in Qatar and assigns activity codes to all registered businesses in mainland. As part of its ongoing efforts to modernise the commercial registration framework and align it with international standards, the Ministry is implementing the Unified Classification of Economic Activities. This classification system provides a standardised framework for categorising economic activities, facilitating more precise regulatory oversight, statistical reporting, and alignment with international classification standards.
The transition from the legacy activity codes to the Unified Classification requires a systematic update of the commercial activity designations of all registered companies. The Ministry has structured this transition into three phases to manage the varying degrees of complexity involved in remapping legacy codes to the new classification system.
During Phase One, the Ministry will update the commercial activities of companies whose existing activity code corresponds directly to a single specific activity under the Unified Classification of Economic Activities. This phase addresses straightforward one-to-one mappings where no ambiguity exists in the reclassification.
During Phase Two, the Ministry will update the commercial activities of companies whose existing activity code corresponds to multiple activities under the Unified Classification. In these cases, a single legacy code will be expanded into several activity classifications to reflect the broader scope of the original registration.
During Phase Three, the Ministry will update the commercial activities of companies that hold mixed commercial and industrial activity registrations. These updates will align such mixed registrations with the Unified Classification of Economic Activities.
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