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| Khalifa al-Misnad |
The twice yearly survey was done by Entrepreneurs’ Organisation (EO), a global organisation for entrepreneurs, in association with Standard
Chartered Bank.
With a global EO average of only 41% forecasting an improvement in their respective economies, Qatar’s entrepreneurs lead the way in terms of “business optimism on the national scale”.
Turning towards their own businesses, Qatar’s entrepreneurs also lead the polls, encouragingly predicting that both the hiring of employees and access to capital would increase in six months’ time.
As the global economic crisis continues to bite, the positive predictions from Qatar’s entrepreneurs are in stark contrast to their counterparts in rest of the world, with significant numbers predicting a fall in business lending and redundancies.
EO Qatar Chapter president Khalifa al-Misnad said: “It is quite an unbelievable statistic considering the current state of the global economy. We are very fortunate to be a part of an unparalleled economic boom in Qatar, especially in light of the international economic and political climate. We are seeing a number of governmental initiatives that are aimed at supporting SMEs in Qatar which acts as a further catalyst to boosting our optimism.”
The latest survey results from their joint Global Entrepreneur Indicator research include data from a sample of more than 1,500 entrepreneurs around the world, whose businesses average $17.3mn in annual revenue and 182 employees.
The Entrepreneurs’ Organisation, which was founded in 1987, is a global network of more than 8,000 business owners in 40 countries.
