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Tuesday, May 20, 2025 | Daily Newspaper published by GPPC Doha, Qatar.
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 Peter Alagos
Peter Alagos
Peter Alagos reports on Business and general news for Gulf Times. He is a Kapampangan journalist with a writing career of almost 30 years. His photographs have been published in several books, including a book on the 1991 Mt. Pinatubo eruption launched by former Philippine president Fidel V. Ramos. Peter has also taught journalism in two universities.
Dr Olga Revina, chairperson of QUBF, and Sheikh Mansoor bin Khalifa al-Thani, founder and Chairman of MBK Holding, shaking hands on the sidelines of Web Summit Qatar 2025 for the establishment of the Qatar-Ukraine Tech & Innovation Committee. Looking on is QUBF 
vice-chairperson Daria Revina.
Business
QUBF launches ‘Qatar-Ukraine Tech and Innovation Committee’

The Qatar-Ukraine Business Forum (QUBF) has established the Qatar-Ukraine Tech & Innovation Committee to facilitate co-operation in technology and innovation between Qatar and Ukraine.In a statement to Gulf Times, Dr Olga Revina, chairperson of QUBF, said the official agreement signing ceremony was held on the sidelines of Web Summit Qatar 2025, which successfully concluded its second edition.Revina explained that the committee operates under the umbrella of QUBF, which was established in 2018 to support Qatar-Ukraine partnerships across diversified industries. “QUBF is pioneering the collaboration in the tech and innovation sector between Qatari and Ukrainian counterparts,” Revina pointed out.The Qatar side of the committee is chaired by Sheikh Mansoor bin Khalifa al-Thani, founder and Chairman of MBK Holding, a global ecosystem builder and investor, while the Ukraine side is led by UNIT.City, Ukraine’s first and largest innovation park that nurtures the next generation of entrepreneurs and tech innovators.Revina further explained that the Qatar-Ukraine Tech & Innovation Committee replicates and extends successful bilateral collaboration models and focuses on the following objectives: fostering co-operation between Qatari and Ukrainian companies, NGOs, and government authorities to facilitate co-operation in innovation and technology; facilitating leading Ukrainian startups to enter the Qatari marketplace, as well as introducing Qatari companies to the Ukrainian market’s opportunities.Acting as a medium for sharing information and knowledge regarding digital transformation, Artificial Intelligence (AI), blockchain, fintech, and other technology innovations; and promoting co-operation for developing joint investment projects and technology partnerships between counterparts of Qatar and Ukraine.“We feel honoured to have the Tech & Innovation Committee act as a bilateral forum and unite representatives of both Qatari and Ukrainian businesses, non-governmental organisations (NGOs), and the government.A comprehensive action plan for the year ahead has been established, including workshops, hackathons, e-forums, information exchange sessions, and other events,” Revina said.She underscored Ukraine’s strong expertise and significant strides in the tech and innovation sector in recent years “despite facing ongoing geopolitical challenges,” saying “Ukraine’s tech and innovation sector is positioned to be a key player in the global economy, with its growing pool of talent, increasing startup activity, and emerging advancements in various technological domains.”

Gulf Times
Business
DTI intensifies efforts to help Philippine companies access Qatar market

The Department of Trade and Industry (DTI) in the Philippines is ramping up efforts through initiatives like the Outbound Business Matching Mission (OBMM) to help Filipino companies, particularly small and medium-sized enterprises (SMEs) access the Qatar market and expand their international presence.“Part of the government’s plan is supporting SMEs to grow. And that’s where DTI comes in to have these types of programmes for the SMEs to grow bigger. Not just within the Philippines but to internationalise and access international markets,” said Vince Lorenzo Liwanag, Commercial Attaché of the Philippine Trade Investment Centre (PTIC) – Riyadh.Speaking to Gulf Times, Liwanag explained that the OBMM is one of the DTI’s key initiatives designed to connect Filipino businesses with international partners. According to Liwanag, the recently concluded Qatar leg of the OBMM marked the first major activity organised by DTI Riyadh, which opened in November last year.Liwanag said the participating companies during the OBMM represented a wide range of sectors, including fresh/frozen produce, processed foods, and personal care and pharmaceuticals. While in Qatar, the Philippine delegation visited different hypermarkets in Doha and held B2B meetings with their counterparts in the country.Acknowledging that “while there’s still room for growth,” Liwanag pointed out that Filipino businesses are keen on looking for opportunities to expand their footprints in other international markets.“The positive reception of Philippine companies to DTI initiatives like the OBMM reflect a robust interest to expand overseas, meaning there’s already this mindset among our SMEs to grow beyond the confines of the Philippine market, and the OBMM has highlighted this strong inclination to internationalise,” Liwanag emphasised.Citing Filipino brand Century Pacific Food, Inc, Liwanag said the company’s various products have already established a strong presence in the Qatari market. “They’re not just targeting Filipinos; they’re targeting generally all the population. This showcases a clear commitment from our companies to establish a global presence and compete on an international scale,” he noted.During the Qatar leg of the OBMM, Philippine ambassador Mardomel Celo D Melicor addressed the participants, citing the Philippines’ long-term vision, the ‘AmBisyon Natin 2040’. He emphasised that “efficient manufacturing and exporting infrastructure are essential to achieving economic development by 2040.”Underscoring the importance of eyeing global markets and how this will benefit the Philippines’ economic well-being, Melicor said: “This openness will also help attract investments to our country, particularly from Qatar... I believe there are always niche opportunities for collaboration between the Philippines and Qatar.”Ends

Dibsy co-founder Ahmed Isse. PICTURE: Shaji Kayamkulam
Business
Co-founder highlights Dibsy’s role in enhancing Qatar’s digital payment landscape

A Qatar-based payment infrastructure startup has witnessed significant growth since its establishment in 2021, from providing small merchants with digital solutions some four years ago to processing transactions for the country’s major enterprises today.Speaking to Gulf Times on the sidelines of Web Summit Qatar 2025, Dibsy co-founder Ahmed Isse said the company has established its role as a key player in the country’s digital payment landscape, helping a diverse range of domestic businesses accept payments through multiple channels, including credit and debit cards, as well as mobile wallets like Apple Pay and Samsung Pay.Since its inception during the Covid-19 pandemic, Isse and co-founders Loyan Farah and Anouar el-Mekki have focused on helping small businesses that didn’t have a website or mobile app. Soon after, Isse said large companies also tapped their expertise in innovations like embedded checkout and tokenisation, as well as anti-fraud solutions.Dibsy’s latest achievement, according to Isse, is the company’s partnership with QNB, allowing it to be the first bank in CEMEA (Central and Eastern Europe, Middle East and Africa) to launch the updated version of Visa’s ‘Click to Pay’ service.Asked about other partnerships with other local companies, Isse noted that as a regulated payment service provider under the Qatar Central Bank (QCB), Dibsy exclusively serves Qatar-based businesses.“We’re focused on providing digital payment solutions to local companies in Qatar as the Qatar Central Bank regulates us. From small businesses to large entities, we can onboard these businesses within 48 hours, provided they have the proper documentation,” Isse explained.Asked about Dibsy’s expansion plans, Isse noted that the company currently focuses on the Qatari market. “But we are planning to expand hopefully soon; we will make the necessary announcements,” he said.Regarding Web Summit Qatar, Isse was impressed by the growth from last year's inaugural event. He revealed that Dibsy’s foundation was born in Web Summit when he and el-Mekki met in Lisbon, Portugal. “The presence of Web Summit in Doha is a great advantage to many entrepreneurs and the event has opened Qatar to many international startups,” he said.When asked about artificial intelligence (AI) integration, Isse indicated that while it is not an immediate focus for Dibsy, AI could eventually help with fraud management and automate repetitive tasks.

Sheikh Ali bin Jabor bin Mohammad al-Thani, CEO of Ooredoo Qatar, and Ghassan Kosta, regional general manager of Google Cloud, during the panel discussion '‘Building Partnerships to Drive Success' held on the sidelines of Web Summit Qatar 2025. PICTURE: Shaji Kayamkulam
Business
Qatar’s digital transformation powered by strategic partnerships

Public-private partnerships (PPPs) are driving Qatar’s ambitious digital transformation, industry leaders highlighted on the sidelines of Web Summit Qatar, which concluded on Wednesday.Speaking at the ‘Building Partnerships to Drive Success’ panel discussion, Sheikh Ali bin Jabor bin Mohammad al-Thani, CEO of Ooredoo Qatar, and Ghassan Kosta, regional general manager of Google Cloud, discussed how collaboration between their organisations played a key role in the national innovation agenda.Sheikh Ali and Kosta also shared insights on how strategic collaborations between Ooredoo and Google Cloud, especially PPPs, are accelerating innovation across Qatar’s economy.According to Sheikh Ali, PPPs represent “the right model for us in Qatar” by “bringing the best of both worlds,” citing the strategic Qatar National Vision 2030, public sector resources, and the private sector’s innovation and agility.Echoing Sheikh Ali’s sentiment, Kosta, who pointed to Qatar’s national development strategy, said: “If you look at Qatar National Vision 2030, it clearly outlines the ambition to transform the nation from a carbon-based economy to a knowledge-based economy.“And this cannot happen in isolation. It needs collaboration – a strong collaborative ecosystem bringing together the government, the private, and global vendors,” said Kosta.Sheikh Ali emphasised that as Qatar positions itself as a global innovation hub, Ooredoo has aligned its strategic initiatives with national priorities.He said, “Qatar is creating a platform where innovation meeting opportunities. At Ooredoo, we know that we are at the forefront of delivering that vision from the early days, and we continue investing or adopting advanced technology and investing in our resilience and infrastructure,” Sheikh Ali noted.Sheikh Ali also emphasised that Ooredoo Qatar has strategically positioned itself to support the country’s digital agenda through smart cities, digital health, and educational technology advancements, among other various initiatives.Kosta underscored that Google Cloud’s investment in Qatar represents “another significant pillar” in this collaborative ecosystem, highlighting the milestone achievement of opening “the first region for Google Cloud in the Middle East, Turkiye, and Africa from Qatar” in May 2023.Both executives highlighted how AI and data analytics are transforming Ooredoo-Google Cloud partnerships with Kosta sharing several examples, including a collaboration with Ooredoo that involved “moving its full data lake to Google Cloud and leveraging our AI and data analytics platform to gain more insights about the customer needs.”He said another significant project was the ‘Qatar Art Beat’ initiative, launched during Qatar National Day in partnership with MediaCity.Kosta explained that the AI-powered project captured citizens’ sentiments about their nation and generated an artwork that earned a Guinness World Record for “the most interactive impressions for an AI-generated artwork.”Sheikh Ali explained the distinction between data and AI, noting that while Ooredoo has always handled large amounts of data, partnerships with technology leaders have unlocked new value.He said, “When we start leveraging through partnering with the right technology leaders, through adopting the advanced analytic data tools and machine learning from our guys in Google, the same data that we used to process it before, we unlock a huge opportunity.”Sheikh Ali also announced Ooredoo’s recent AI initiatives, including the ‘O-Bot’, an AI chatbot powered by Microsoft designed to provide real-time customer support, as well as a “first in the region” – Ooredoo’s new deviceless TV approach with embedded AI, which will replace its old set-up box.The panel discussion acknowledged that technological advancement requires a skilled workforce.Kosta spoke about Google Cloud’s commitment to talent development through its Centre of Excellence inside the Qatar Free Zone, which has trained over 6,000 participants between 2021 and 2024.He further said Google Cloud has also launched an overseas internship programme with the Ministry of Communications and Information Technology (MCIT), sending 16 Qatari professionals to Google’s Dublin facilities for a three-month training programme.Concluding the discussion, Sheikh Ali called for Qatar to “maintain all whatever brought our success today” while continuing to “embrace animation, strategic partnership, and the need to invest in talent and infrastructure.”Reaffirming the critical importance of partnerships, Kosta added: “The power of partnership is crucial and beneficial for Qatar’s future and growth. It’s all about unlocking innovation and driving success.”Ends

(From left) Juan Pablo Ortega, co-founder and CEO of Yuno; Hamad al-Hajri, the founder and CEO of Snoonu; and Philipp Kandal, chief product officer of Grab, during the discussion of ‘Building the Global Super App’ at Web Summit Qatar 2025. PICTURE: Shaji Kayamkulam.
Qatar
Localisation vital to super app success, says Snoonu CEO

Super apps can leverage local expertise by offering a diverse range of services that cater to the varied needs of customers, the top official of a homegrown popular delivery service stated during a panel discussion at Web Summit Qatar 2025’s Centre Stage.Hamad al-Hajri, the founder and CEO of Snoonu, made the statement in the discussion of ‘Building the Global Super App’ with co-panellists Philipp Kandal, chief product officer of Grab, and Juan Pablo Ortega, co-founder and CEO of Yuno, who previously co-founded Rappi.Al-Hajri explained that a super app’s unique advantage over other mobile applications is its ability to harness local expertise because they are designed to offer many services and solutions to specific customer needs.When multiple functionalities are integrated into a single platform, al-Hajri further explained that super apps are thoroughly equipped to address diverse consumer demands while, at the same time, allowing for regional preferences and cultural nuances.Al-Hajri highlighted that aside from delivery services, Snoonu is focused on addressing “hyper-local needs” including unique services like “fine dining” and “drive-through” options that cater to local preferences.“We are the first to offer four different environments,” explained al-Hajri, adding that this localised approach both enhances user experience and fosters deeper customer loyalty because the services offered are tailored to resonate with the distinct lifestyles and requirements of the Qatari market.He added: “As a super app, you’re going to always have a competitive advantage to solve local problems. And when you have a local champion, a successful story, you’re going to get support from both the customer and even your business partner.”According to Ortega, Rappi’s growth was guided by user behaviour. He said, “We started as a delivery app of supermarkets and restaurants... and we started seeing that people order electronics, people order different things, and that’s kind of how we basically following user preference and we started adding more services.”Asked about selecting which services to integrate, Kandal explained that Grab’s approach began with mobility before expanding to food delivery and financial services, among others.Kandal said, “We served our drivers and our merchants, and allow them ultimately to have a better life by earning more. When we launched food, we saw that mobility services are primarily in the morning and peak in the evenings, but in the afternoon, the drivers are idle, so adding food has exactly opposite peak hours, so we can keep our drivers more busy across the entire day.”Ends

Web Summit CEO Paddy Cosgrave. PICTURE: Shaji Kayamkulam
Business
'Web Summit Qatar records 140% rise in participating local startups'

The second edition of Web Summit Qatar, which concludes today, has experienced an impressive surge in participation from various startups across the country, Web Summit CEO Paddy Cosgrave said on Tuesday.Speaking at a press conference, Cosgrave noted that Web Summit Qatar 2025 welcomed 228 Doha-based startups, marking a staggering 140% increase compared to the 95 companies that took part in last year’s inaugural edition.Addressing a question from Gulf Times, Cosgrave emphasised that the increase in the participation of domestic startups reflects the region’s burgeoning entrepreneurial landscape and shines the spotlight on the growing interest and investment in tech and innovation among local businesses.The Web Summit top executive also lauded Sheikh Jassim bin Mansour bin Jabor al-Thani, director of the Government Communications Office and chairman of the Web Summit Permanent Organising Committee, for ensuring the success of the event since its Qatar debut in 2024.Cosgrave noted that this year’s summit attracted 723 investors and 1,520 startups representing 90 countries. In total, 228 of these startups are Qatar-based, while 85% are from the rest of the world. He also said over 47% of participating startups are women-founded, reflecting a 51% growth from last year.“Some of the top themes include the Middle East’s emergence as a major tech hub fuelled by strategic investments in a whole range of different areas. There’s a lot of talks of financial inequality in the future of fintech, while generative AI has been dominating topics across almost all stages,” Cosgrave said.He noted that since its inaugural event, Web Summit Qatar has witnessed remarkable success stories, specifically among Qatari startups, many of whom had the opportunity to network with key industry figures.These interactions were instrumental in facilitating their growth and expansion into new and larger markets around the world, Cosgrave pointed out, adding that Qatar’s entrepreneurial landscape is thriving, marked by innovation and collaboration.

Dr Mohamed Althaf, Director, LuLu Group. PICTURE: Thajudheen
Business
Web Summit Qatar driving tech innovation, business growth, says Althaf

Web Summit Qatar’s successful inaugural edition last year has prompted an influx of startups, the majority of which are from a wide range of countries worldwide, thus driving business growth and innovation in tech, a top executive of retail giant LuLu Group has said.Qatar’s first-ever Web Summit in 2024 offered many global startups to study the country’s entrepreneurial ecosystem, said Dr Mohamed Althaf, Director, LuLu Group.“A significant number of international startups visited Qatar to explore the opportunities presented by the country’s burgeoning tech innovation landscape. Their interactions with their counterparts here have laid the groundwork for future collaborations and advancements,” Althaf told Gulf Times.He also said, “I am confident that the insights they have gained from these engagements will not only spur further interest but also lead to concrete actions and initiatives in the near future, reflecting a promising outlook for both domestic and international enterprises looking to thrive in the country’s vibrant entrepreneurial ecosystem.”He also pointed out that pre-summit engagement has been significant, with many companies, particularly those in e-commerce, payment solutions, and digital marketing, already laying the groundwork.“Even people like us are receiving a lot of inquiries and many offers from companies, especially on e-commerce, payment solutions, and digital marketing companies. The momentum is building, with many international tech startups, including India and Portugal, converging on Qatar,” he pointed out.Althaf said Qatar, which is undergoing rapid and robust digital transformation, is strategically positioned in a region with a young and digitally savvy population. “At the same time, Qatar’s backyard comprises countries where technology and the youth are evolving.“Qatar is accessible via airline connectivity and easy visa regimes, among other factors. Many international companies keep coming and this indicates that many deals are going to be secured at the summit this year,” he explained, citing some 800 startups from India alone are exploring the possibility of visiting the country.Althaf also emphasised that Qatar’s strategic location in the region and favourable business environment serve as an ideal springboard for global tech startups looking to expand into neighbouring countries.Qatar’s smart city infrastructure, exemplified by developments in Msheireb Downtown Doha and Lusail, also positions the country as an attractive destination for tech companies, he said.Althaf said, “Qatar’s readiness to embrace new technologies, such as artificial intelligence (AI) and machine learning (ML), as well as generative AI, make it a prime location for pilot projects like cognitive cities.He said he remains optimistic about Qatar’s ability to continue attracting interest from tech developers, playing a key role in new urban living and enhancing the lives of its citizens and residents.

Gulf Times
Qatar
‘AI complements human capabilities’

Implementing a culture of “AI ownership” in the workplace could enhance overall company operations and promote a more positive perspective surrounding artificial intelligence among employees.Khalid Mohamed al-Kubaisi, the CEO of Doha-based technology services and solutions provider, malomatia, shared his company’s AI journey during a panel discussion titled ‘Building Cultural Bridges between AI and Human Teams’ during Web Summit Qatar Monday.He was joined by industry experts Awdesh Chetal, CEO of HyperThink Systems, and Kenza Ait Si Abbou, CTO, board member of Fiege Logistik. The discussion was moderated by Ayesha Chowdhury, senior manager, Global Digital Business & Senior Leadership Board Advisor at the BBC.During the discussion, he highlighted the significance of giving employees ownership of AI initiatives. After making their employees ambassadors of AI, al-Kubaisi noted that malomatia witnessed remarkable improvements in customer experience processes.“By involving employees in AI implementation, we were able to achieve a 12% reduction in average handling time per transaction,” noted al-Kubaisi emphasising that the strategy both yielded impressive results and reduced resistance to AI adoption.He also pointed out that the approach not only promotes a more positive perspective on AI but also encourages innovation and collaboration among team members. Al-Kubaisi believes that as employees become more accustomed to various AI tools and their applications, this will improve efficiency and lead to better results for the company.Abbou, meanwhile, underscored the significance of reassuring employees who feel disconnected due AI’s rapid integration in the workplace. According to Abbou, “47%” of employees perceive AI as a threat, citing a Gartner study. She said it is important for managers to educate teams and offer upskilling opportunities, as well as ensure that employees feel involved in the ideation and development phases of AI solutions.“We include them in the ideation phase, from the design of those solutions, so that it is like their baby,” she explained, noting that this approach significantly enhances AI adoption.Chetal, on the other hand, forecasts a hybrid workforce and job transformation going forward. He said repetitive tasks would likely transition to AI, while mission-critical tasks requiring supervisory, emotional intelligence, and strategic thinking should be handled by humans.“Humans will drive AI,” Chetal noted, citing parallels with the Industrial Revolution and predicting a similar job transformation rather than loss. He also underlined the need of retraining and building internal capabilities to adapt to this new reality.

A seaside view of The Seef.
Business
Lusail to cement Qatar’s role as premier business, leisure hub

Domestic and international real estate developers stand to gain from global investment opportunities being offered by Qatari Diar, which has 50 ongoing development projects in 20 countries worldwide with a combined value of around “$35bn”, an official has said.Khalifa al-Mana, senior manager, City Control Centre and Smart Operations at Qatari Diar Real Estate Investment Company, made the statement during a media tour of Lusail City and several prime areas.The media tour commemorated the development of Lusail, Qatari Diar’s flagship project – touted as the country’s “smart city of the future”, which began 20 years ago. The tour also provided participating journalists the opportunity to explore two decades’ worth of Lusail’s transformative journey and its role in cementing Qatar’s position as a premier business and leisure hub.Local and international property developers have a wide range of investment opportunities in Huzoom, The Seef, and Lusail Boulevard, said al-Mana, who noted that Lusail is home to key attractions, such as Place Vendome, Meryal Waterpark, and Al Maha Island.According to al-Mana, Qatar’s real estate market was valued at “$485bn” in 2024, “attracting the most foreign direct investments after the energy sector”. In the past few years, he said the real estate industry witnessed “notable growth”, driven by the following factors: an increase in demand for residential and retail spaces, robust visitor growth, and Qatar’s hosting of mega-events, as well as developments in the business and trade sector.He said: “Qatar is paving the way for investment with new property ownership laws for foreigners and amendments to mortgage regulations, which came into effect in 2023.“Our ambitions are to harness our resources and capabilities to provide sustainable development of high quality, careful planning and the use of innovative methods in the world of real estate.”Lusail’s 20-year development journey represents a bold step forward in sustainable, smart urban living, al-Mana pointed out. “Known for its state-of-the-art infrastructure and forward-thinking design, Lusail offers a mix of residential, commercial, and entertainment districts... by leveraging AI technologies and interactive applications, we aim to offer superior smart city experiences that make the city more efficient and sustainable,” he explained.Spanning 38mn sq m, representing “$45bn” worth of infrastructure investment - al-Mana noted - Lusail is “the largest real estate project in Qatar.”The new Huzoom Lusail district, which is 15km from central Doha on Lusail’s northern edge was master-planned as a high-quality, low-density residential community, said al-Mana, who added that some of its features include 2,863 villa plots of various sizes and connectivity to city-wide public transport with easy access to the Lusail Expressway and Al Khor Coastal Road.As Lusail’s “crown jewel”, Qetaifan Island offers unique panoramic sea views. “Privacy is an integral part of the Qetaifan Islands lifestyle. The islands offer land buyers freehold ownership and residency in Qatar,” al-Mana said.Al-Mana noted that The Seef is Lusail’s high-profile waterfront district, home to luxury contemporary living at its finest. “The streetscapes, open spaces and waterfront promenade are linked to an efficient and sustainable transportation system – comprising the Light Rail Transit (LRT) network, pedestrian pathways, roads and cycle routes, a promenade trolley system and even water taxis,” he said.Al Tarfa is Lusail’s hub for landmark attractions, as well as for leisure and recreation activities and venues, integrated seamlessly into a sustainable, sophisticated urban environment, al-Mana said.Al Maha Island is the ultimate entertainment and leisure hotspot for Qatar and international tourism, located across Lusail Marina promenade and linked to the mainland via a causeway. It features Lusail Winter Wonderland with more than 50 rides for families and other fun activities and amenities, the world-renowned Nammos Beach Club, and a high-end dining district.Spanning 1.3km, Lusail Boulevard was modelled after the Avenue des Champs-Élysées comprising a range of mixed-use, upscale retail, offices, and premium residential units, all intricately designed and built to world-class quality standards in every detail, al-Mana further explained.Another strategic district is the location of the Lusail Stadium, which was the largest venue of the 2022 FIFA World Cup in Qatar, with a seating capacity of 88,966 spectators. “The stadium’s design is inspired by the interplay of light and shadow, reminiscent of traditional lanterns (the Arabic fanous). It also reflects the intricate patterns found on handcrafted bowls and vessels commonly used in Arab and Islamic culture,” he said.On sustainability, al-Mana said: “Lusail was the first development in Qatar to endorse Global Sustainability Assessment System (GSAS) in the region... all Lusail buildings hold a GSAS rating of at least two stars, having successfully achieved targets for energy consumption efficiency, water conservation, local material sourcing and recycling, outdoor environment quality, as well as management and operations.”He also said: “The Lusail District Cooling System, designed and provided by Marafeq Qatar, will save 65mn tonnes of CO2 annually. Upon its completion, the system will serve about 1,000 buildings through 175km (supply and return) of underground piping from four cooling plants. The system involves chilled water in pipes that are fed to each locality via an underground tunnel in the Marina district and through an extensive network throughout Lusail City.”Al-Mana emphasised that Lusail’s dynamic real estate market offers substantial growth potential for investors, with freehold ownership and residency in Qatar offered to buyers. “In 2020, the Qatari government introduced unprecedented property ownership reforms that mean non-Qataris are now eligible to invest in the Qatar real estate sector for the first time. These new government policies have been enacted to strengthen Qatar’s economic growth and develop the real estate sector. Eligibility falls into two categories,” he added.

Titled ‘The Rise of AI Employees: Are We Ready for it’, the panel comprised executives from Google, Scale AI, Kaic.ai, and the Arab Centre for Research and Policy Studies, who differentiated current AI capabilities and complete workplace automation. PICTURE: Shaji Kayamkulam
Business
AI revolutionises business landscape, say experts

Rather than replacing humans, AI-human collaboration will shape the future workplace, according to tech industry leaders and academics during a recent panel discussion hosted by Startup Grind Qatar.Titled ‘The Rise of AI Employees: Are We Ready for it’, the panel comprised executives from Google, Scale AI, Kaic.ai, and the Arab Centre for Research and Policy Studies, who differentiated current AI capabilities and complete workplace automation.Dr Chawki Tawbi, Data & AI lead at Google, announced the launch of its ‘Agentspace’ platform, which would connect Google employees with AI assistants to access existing workplace tools and data sources, with capabilities spanning HR, accounting, and research functions.“Agentspace will enable employees to use a search engine on top of all their data sources and their day-to-day applications... we are helping to improve and increase productivity and help employees focus on more creative tasks,” he explained.Sahil Bhaiwala, director and general manager, Global Public Sector at Scale AI, emphasised that the distinction between AI and traditional automation is a crucial point of discussion, citing robotic process automation (RPA). According to Bhaiwala, today's AI capabilities for processing language, images, and videos in a human-like manner are more advanced and concerning than previous automation tools.“That’s why these conversations now versus two years ago are much more pressing to have because we’re starting to see the inklings of this getting more and more real,” Bhaiwala pointed out, referring to RPA.Firas Sleiman, founder and CEO of Kaic.ai, offered a practical framework regarding job displacement, saying, any job that can be defined by data and a set process, with minimal thinking or ethical decision-making involved, is highly suitable for AI.“That job, if you can define it that way, is at the top of the list of what an AI employee can do. An orchestration machine will do exactly what it’s told to do. When you give it data, models, and steps that it needs to run, it will run them, and then the output comes out. This concept applies across various industries, each having its own tier of jobs that align with this definition,” he explained.However, Dr Fadi Zaraket, unit director at the Arab Centre for Research and Policy Studies, cautioned about AI’s limitations and advocated for developing expertise in multiple domains to remain relevant in an AI-enhanced workplace.Zaraket emphasised the importance of establishing “smaller LLMs (large language models) that we have control of” as a crucial strategy to ensure data privacy while still capitalising on advanced capabilities provided by AI.The panel also underscored the critical need to maintain human oversight in areas of ethical decision-making and strategic planning. They highlighted that, although certain job functions could be automated, it is essential to prioritise the use of AI as a tool to enhance human skills and creativity.

CQBF executive director Yasser Dhouib (left) together with Qatar’s ambassador to Canada, Khalid bin Rashid al-Mansouri, and Philippe Couillard, the 31st Premier of Quebec.
Business
CQBF to lead Canadian high-tech delegation to Qatar

The Canadian-Qatari Business Forum (CQBF) will be leading a dozen Canadian companies specialising in the field of high-tech to Doha as part of its participation in the upcoming Web Summit Qatar, an official has said.CQBF executive director Yasser Dhouib told Gulf Times in a statement from Montreal that the delegation will be led by the forum’s newly-appointed high-tech and AI adviser, Vartika Manasvi. He said the delegation represents a dozen innovators across digital transformation, clean energy, carbon capture, artificial intelligence (AI), and quantum sectors.Manasvi was a senior adviser at MaRs, “North America’s largest urban innovation hub and a registered charity,” which “provides direct support for startups, builds communities of innovators, and accelerates the adoption of high-impact solutions to some of the world’s most pressing issues,” Dhouib said, citing the organisation’s website.“The goal of this visit is to explore potential partnerships with Qatar Science and Technology Park (QSTP) and other institutions in Qatar to collaborate on pilot projects, technology transfer, and the commercialisation of advanced solutions.“Our Canadian companies are interested in establishing a local presence in Qatar to capitalise on these opportunities. Manasvi will be in charge of creating a platform for strategic business partnerships under the auspices of the Canadian-Qatari Business Forum for the next four years,” Dhouib explained.Dhouib noted that Web Summit Qatar, slated from Feb 23 to 26 at the Doha Exhibition and Convention Centre (DECC), fosters the CQBF’s resolve to create a strategic partnership between Canada’s ecosystem and its Qatari counterparts. He emphasised that Doha is leading the region for more growth and a wide range of opportunities for Canadian high-tech and know-how.“The Canadian-Qatari Business Forum is taking part in the second edition of Web Summit Qatar, building on its successful participation last year. The CQBF is reaping the momentum created by the visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to Canada last September, where he participated with Canadian Prime Minister Justin Trudeau in the commemoration of the 50th anniversary of the establishment of Qatar’s diplomatic relations with Canada,” Dhouib said.In a related development, Dhouib said a delegation of prominent Canadian high-tech companies in healthcare and diabetes-related diseases will also visit Qatar this April, including Diagnos Medical, a leading Quebec-based company. The visit will be organised by CQBF, in close partnership with the embassies of both countries.Dhouib said Philippe Couillard, the 31st Premier of Quebec, will be leading the delegation.“This adds to the extraordinary impact made by both nations’ top diplomats, Qatar’s ambassador to Canada, Khalid bin Rashid al-Mansouri, who, with his tremendous impact on leading Qatari interest in Canada, has made a huge presence in Ottawa, and Canadian ambassador Isabelle Martin, whose contribution is effective and important,” Dhouib added.

From left: Christoph Kastner, the deputy chair of the Committee for Food Trade at the Austrian Federal Chamber of Commerce and CEO of Kastner Group, and Austrian ambassador Erika Bernhard during the event. PICTURE: Shaji Kayamkulam
Business
Austria eyes Qatar as strategic partner for high-quality food exports

Austria is exploring opportunities to expand its trade ties with Qatar, citing the Gulf state as a “promising” market for high-quality Austrian food exports.In a recent dinner reception in Doha, Austrian ambassador Erika Bernhard and Austrian business leader Christoph Kastner expressed optimism about strengthening bilateral trade relations, particularly in the food sector.Speaking to Gulf Times on the sidelines of the event, Kastner, who serves as the deputy chair of the Committee for Food Trade at the Austrian Federal Chamber of Commerce and CEO of Kastner Group, identified Qatar as a promising market for Austrian food products.“Austria produces very high-quality products, particularly in food. I believe there is significant potential for Austrian companies to establish business connections here in Qatar,” emphasised Kastner after visiting the hypermarkets of regional retail giant LuLu Group.While Kastner lauded Qatar’s progress in domestic food production and efforts to achieve self-sufficiency, particularly in the dairy sector, he also emphasised that there are abundant opportunities for premium Austrian products in the Qatari market.“We recognise the developments in Qatar’s food production in a wide range of sectors, but at the same time, we are confident that Austrian and other European products that are of high quality have a very good chance in this market.“Beyond basic products like milk and dairy, our focus is bringing high-quality food here,” Kastner explained, adding that there are also opportunities for Austrian food producers and wholesalers in the country.Both Kastner and the ambassador emphasised the importance of exchanging best practices and building stronger bilateral relations, citing Austria’s ranking as one of the top 10 countries globally for food safety. They also underscored the country’s membership in the Consumer Goods Forum as a significant advantage for potential partnerships.Bernhard said Austrian food products already have a stronger presence in Qatar than most consumers realise. “There is a wide availability of organic juices and cookies, among many other products, so it’s quite well-provided, but I’m sure there is space for more,” the ambassador pointed out.In a speech during the dinner reception, Bernhard announced that Austria and Qatar are celebrating 50 years of diplomatic relations this year, emphasising both countries’ strong partnership across political, business, and cultural domains during a recent reception dinner.The ambassador also lauded Qatar’s critical role in international mediation, expressing gratitude for the Gulf nation’s diplomatic support: “Qatar is an extremely important partner when it comes to international mediation.”

German ambassador Lothar Freischlader.
Business
Envoy highlights German firms’ ‘pivotal role’ in Qatar’s industrial expansion

German ambassador Lothar Freischlader has lauded Qatar for positioning itself as an “attractive production hub,” citing the key roles played by German companies like Siemens, Kemroc, and DHL Express.All three firms are members of the German Business Council Qatar (GBCQ), Freischlader noted in his speech during the GBCQ’s recently held Annual General Meeting (AGM) in Doha.“Another strategic investment is the Qatar Investment Authority’s stake in Sauber Holding AG, which will become Audi’s factory team in Formula 1 by 2026 – an investment that reflects Qatar’s confidence in German automotive innovation,” the ambassador pointed out.Citing the Blue Ammonia Project and the new service centre of Siemens Energy, Freischlader emphasised that German companies “continue to play a pivotal role” in Qatar’s industrial expansion.“The Blue Ammonia Project, where Thyssenkrupp Uhde has partnered with QatarEnergy on a $1.2bn facility, marking a milestone in sustainable energy. Siemens Energy’s newly inaugurated service centre in the Qatar Free Zones reinforces its long-term commitment to the region,” he said.Freischlader said, “As climate change emerges as a critical global challenge and with climate foreign policy at the centre stage in Germany's international efforts, we are also poised to play a pivotal role in fostering climate collaboration between Germany and Qatar.“As a new Core Climate Embassy, we are proud that we were able to conduct our first high-level Doha Climate Talk last October – embedded in the Qatar National Dialogue on Climate Change (QNDCC) with Germany as a partner country.”He further said, “This dialogue was hosted by the Ministry of Environment and Climate Change. The German embassy, together with AHK, were official partners. We look forward to more Doha Climate Talks in 2025 and to further deepen our bilateral climate co-operation with more partners here in Qatar.”According to Freischlader, the GBCQ has been instrumental in fostering Qatari-German business relations, which the ambassador described as “a partnership built on mutual respect, shared values, and a vision for a prosperous future.”Since its inception in 2002, Freischlader said the GBCQ has provided a platform for German and Qatari companies to connect, collaborate, and thrive. Through events, dialogues, and advocacy, the GBCQ has strengthened Germany-Qatar economic ties, noted the ambassador, who is also an honorary board member of the GBCQ.The German embassy, in co-operation with the AHK and the GBCQ, regularly engages with German companies in Qatar to address their concerns and support their success, Freischlader said.He added: “For decades, Germany and Qatar have enjoyed a robust economic partnership, spanning key sectors such as energy, infrastructure, technology, and healthcare. This collaboration has not only bolstered trade and investment but has also fostered cultural and intellectual exchanges.“High-level visits further underscore our commitment to deepening ties. His Highness the Amir Sheikh Tamim bin Hamad al-Thani’s regular visits to Berlin last October and most recently, the visit of our Federal Minister of Finance to Doha, highlight our shared ambitions and pave the way for future co-operation.”

The Doha leg of the Department of Trade and Industry’s Outbound Business Matching Mission series served as a platform to explore new avenues for economic co-operation and investment between the Philippines and Qatar.
Business
Philippines’ trade agency holds business matching mission in Qatar

The Department of Trade and Industry in the Philippines concluded yesterday the Qatar leg of its three-day Outbound Business Matching Mission (OBMM), which saw the participation of a dozen exporting companies seeking to access the Gulf and Middle East markets.Vince Lorenzo Liwanag, the Commercial Attaché of the Philippine Trade Investment Centre (PTIC) – Riyadh, Department of Trade and Industry, told Gulf Times that the next OBMMs will be held in Amman, Jordan from February 9-11; Riyadh, Saudi Arabia (February 11-13); and concludes in Dubai (February 13-21) during ‘Gulfood 2025’.Liwanag said: “The OBMM is an annual initiative held in various countries in the Middle East. With the support of the Philippine embassy in Doha and the Qatar Chamber, we successfully organised the latest OBMM business-to-business event, featuring a range of companies based in Doha.“This initiative is organised by the Department of Trade and Industry to support our exporters. The Philippines has numerous innovative brands and products, and we are taking these offerings to international markets.”The companies represented a wide range of sectors, including fresh/frozen produce, processed foods, and personal care and pharmaceuticals, said Liwanag, who added that the Philippine delegation was able to visit different hypermarkets in Doha and hold B2B meetings with their counterparts in Qatar.Citing the Philippines’ long-term vision, the ‘AmBisyon Natin 2040’, Philippine ambassador Mardomel Celo D Melicor addressed the OBMM event, saying efficient manufacturing and exporting infrastructure are essential to achieving economic development by 2040.Melicor also underscored the value of staying open to global markets to better understand their demands and produce goods that would benefit the Philippine economy.“This openness will also help attract investments to our country, particularly from Qatar... I believe there are always niche opportunities for collaboration between the Philippines and Qatar,” noted the ambassador, who also enjoined Philippine exporters to consider what Qatar can offer in terms of food security.In his remarks, Qatar Chamber Board Member Abdulla bin Mohamed al-Emadi lauded the OBMM event, saying the initiative is a platform to explore new avenues for economic cooperation and investment between Qatar and the Philippines. Al-Emadi emphasised the significance of the visit by the Filipino business delegation in strengthening economic and commercial ties between both nations. He highlighted the close and rapidly expanding relations between the two countries, particularly in trade and investment, as reflected in high-level visits and numerous agreements signed across various sectors.He said the visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to the Philippines last year led to the signing of multiple agreements and memorandums of understanding (MoUs). He also noted that Qatar-Philippines bilateral trade stood at QR636mn in 2024, reflecting the growing partnership between the two nations.Al-Emadi further stressed the vital role of the private sector in fostering economic relations, encouraging businesses from both sides to explore joint ventures, trade partnerships, and investment opportunities. He reaffirmed Qatar Chamber’s commitment to facilitating partnerships and supporting Qatari businesses in identifying investment prospects in the Philippines.

Gulf Times
Qatar
PM officially opens 21st edition of the DJWE

The 21st edition of the Doha Jewellery & Watches Exhibition (DJWE) was opened on Thursday by HE the Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani at the Doha Exhibition and Convention Centre (DECC), where it will run until February 5. As many as 500 brands from 32 countries are participating in the DJWE 2025, organised by Qatar Tourism and brought by Visit Qatar. Present at the inauguration were Qatar Tourism and Visit Qatar chairman HE Saad bin Ali al-Kharji, Visit Qatar chief executive (engineer) Abdulaziz Ali al-Mawlawi, as well as various ministers, ambassadors, and other dignitaries. HE al-Kharji said that the the DJWE is a “prime example” of Qatar’s ability to host world-class events that captivate global audiences, showcasing the country’s growing status as a leading MICE (meetings, incentives, conferences and exhibitions) destination in the region. “This year’s exhibition brings together the world’s most esteemed brands and designers, highlighting the artistry and innovation that define the industry,” he added. “We are proud to always be among the first financial institutions to support local brands and provide encouraging incentives to Qatari entrepreneurs in all sectors and be a part of their success story,” said QNB Group chief executive Abdulla Mubarak al-Khalifa. “Being the Platinum Sponsor of this prestigious event confirms the values of the QNB brand focused on bringing the culture of excellence and success to our business.” The week-long exhibition will feature exquisite collections, statement pieces, and innovative designs from over 500 brands, including Alfardan Jewellery, Al Majed Jewellery, Ali Bin Ali Luxury, Amiri Gems, Fifty-One East, Al Muftah Jewellery, Blue Salon, Bulgari, and Arts and Gems. In addition, the DJWE 2025 will host a diverse range of international brands and established Qatari designers, such as Ghand Jewellery, Kaltham's Pavilion, M Royal Collection, Al Ghla Jewellery, and emerging Qatari designers Alya Jewellery and the One & Only Jewellery, continuing its tradition of blending heritage with innovation. The exhibition will also see the return of the Qatari, Turkish, and Indian pavilions, each highlighting unique craftsmanship. Ali Hussain Alfardan, the vice-chairman of Alfardan Group and president of Alfardan Jewellery, said: “In a historic first, this year's exhibition marks a significant milestone as several prestigious brands, including Vacheron Constantin, Chopard, and other renowned jewellers, have chosen to showcase their collections at the Doha Jewellery & Watches Exhibition before their appearance at the Geneva International Gem and Jewellery Show.” “It is a privilege to have contributed to designing a limited edition watch for Vacheron Constantin to celebrate their 270th anniversary, adding a personal touch to this remarkable milestone,” he said. “Each year, the DJWE attracts a distinguished audience of collectors, connoisseurs, and clients from Qatar and around the world, reflecting the nation’s growing influence as a global hotspot for luxury,” said Fifty One East chairman and managing director Bader al-Darwish. “At Fifty-One East, we take pride in carefully selecting some of the rarest pieces and latest novelties from the brands we represent, ensuring they meet the grandeur and prestige of this remarkable event.” “We thank the organisers for their dedication to creating such a remarkable platform,” he said. “We invite all visitors to explore our pavilion and discover novelties from the world’s most esteemed brands, promising a journey of exquisite wonders.” “Almuftah Jewellery, established in 1984, is proud to unveil an exquisite selection of jewellery and watches from prestigious global brands at the DJWE 2025,” said Almuftah Jewellery deputy chairman Abdullah Almuftah. “This year’s showcase highlights the latest trends from international brands alongside classic designs,” he said. “From stunning bridal sets to versatile, everyday jewellery, we bring you collections that resonate with sophistication and individuality.” “This year, Bvlgari has the privilege of presenting the exclusive Monete necklace in Qatar for the very first time – a masterpiece that embodies our devotion to timeless craftsmanship and celebrates the profound connection between heritage and creativity,” said Bulgari Middle East, Africa & India managing director Stephane Larher. “This extraordinary creation continues to nourish the dialogue between Rome and the region, a bond that lies at the heart of Bvlgari Maison’s story.” One of the DJWE’s main collaborations is with Education Above All (EAA), an initiative founded by Her Highness Sheikha Moza bint Nasser, chairperson of Qatar Foundation. This year, the EAA Foundation is partnering with Amrapali, a renowned jewellery house, launching an exclusive new jewellery collection entitled “Horizons of Heritage”. The collection draws inspiration from blending the architectural heritage of the jewelled horizons with the traditional Indian craftsmanship for which Amrapali is renowned. On behalf of the EAA, Fatima al-Nameh said: “At Education Above All Foundation, we are committed to transforming lives through quality education. Our efforts have supported more than 22mn children and youth globally, empowering them to overcome barriers and unlock their potential.” The DJWE timings are from 12 noon to 10pm (Saturday to Wednesday), 2pm-10pm on Thursdays, and 3pm-10pm on Fridays. Visitors can also enjoy food and beverage (F&B) options inside the exhibition and outside at the concourse area. For registration, visit https://app.micetribe.com/register/workspaces/qbec/events/djwe25/forms/vis?focus=false For more information on the DJWE 2025, visit www.djwe.com

Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani
Business
Private sector leaders highlight 20% growth in Oman-Qatar trade ties

Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani has lauded the remarkable 20% growth in Oman-Qatar trade over the past two years, citing the state of visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to the Sultanate as a crucial time as “the region is witnessing important developments at all levels.” Sheikh Khalifa described HH the Amir’s state visit and his meeting with Sultan Haitham bin Tariq of the Sultanate of Oman on Tuesday as an indication of both leaders’ commitment to bolstering “fraternal bonds.” According to Sheikh Khalifa, the state visit represents a significant step forward in promoting comprehensive opportunities for Qatar-Oman cooperation across multiple fields. He emphasised that by opening up avenues for collaboration, stakeholders from both countries can effectively work together to address shared challenges, making the most of emerging opportunities and fostering greater regional stability and progress. In an earlier interview with state-run Oman News Agency (ONA), Sheikh Khalifa detailed a robust landscape of cross-border investments, citing successful Qatari ventures in the Sultanate across multiple sectors, including trade, contracting, services, hospitality, energy, and maintenance. Sheikh Khalifa emphasised Qatar Chamber’s commitment to supporting Omani businesses entering the Qatari market and to facilitating partnerships through direct meetings with Qatari business owners. Similarly, Oman Chamber of Commerce and Industry chairman Faisal Abdullah al-Rowas described Qatar as a “strategic partner” for Oman, highlighting how bilateral relations have fostered increased inter-trade and opened new investment opportunities in priority sectors. “This embodies the vision of the two wise leaderships to strengthen the bonds of joint cooperation in order to realise common aspirations of growth and prosperity...recent years have witnessed a remarkable development in the level of trade cooperation between Oman and Qatar,” al-Rowas told ONA. He said, “The State of Qatar has become a strategic partner for the Sultanate of Oman in many economic fields, and these distinguished relations have contributed to enhancing the movement of inter-trade and opening up new vistas for investment in priority sectors.” According to al-Rowas, the energy, industry, tourism, and logistics services sectors are vital collaboration areas for both countries, emphasising that Omani-Qatari ties serve as “a model to be emulated in fraternal and economic cooperation” and represent a fundamental pillar for achieving broader GCC economic integration.

Qatar’s ambassador to Oman, Sheikh Mubarak bin Fahad al-Thani.
Qatar
Qatari envoy signals new chapter in Oman-Qatar partnership following Amir's visit

The state visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to the Sultanate of Oman Tuesday marks a significant milestone in solidifying the already strong bilateral relations between the two Gulf nations, Qatar’s ambassador to Oman, Sheikh Mubarak bin Fahad al-Thani has said.According to Sheikh Mubarak, the multiple agreements and memoranda of understanding signed during HH the Amir’s visit to the Sultanate plays a pivotal role in fostering strategic partnerships and enhancing mutual understanding.The high-profile visit is garnering “great attention at both official and popular levels,” according to Sheikh Mubarak, who emphasised its significance in fostering strategic partnerships and mutual understanding between the two countries.“The state visit of HH the Amir Sheikh Tamim bin Hamad al-Thani to the Sultanate of Oman is receiving great attention at the official and popular levels. It would constitute an important chapter in the history of bilateral relations between the two countries and the exchange of common interests in all fields,” the Qatari ambassador told Oman News Agency (ONA).Sheikh Mubarak noted that “the visit would provide an opportunity to exchange views on global challenges and current issues. It would also contribute to opening new vistas of mutual understanding and strategic partnerships between Oman and Qatar, as well as pushing these partnerships towards higher levels by boosting constructive bilateral cooperation.”He said both countries’ bilateral relations have been witnessing “remarkable growth and development in all fields, especially in joint investments,” citing many Qatari investments in Oman, such as the Karwa Motors project and the Qatari Diar Ras Al Hadd project.Sayyid Ammar bin Abdullah al-Busaidi, Oman’s ambassador to Qatar, previously told ONA that Qatari investments in the Sultanate cover a wide range of industries like food and pharmaceutical security, as well as other sectors like banking, education, communications and technology, construction, wholesale trade, tourism, logistics, mining, real estate, communications, and insurance, among others.According to al-Busaidi, both countries are collaborating in the field of renewable energy, citing Qatar and Oman’s “unified vision” to encourage investment and setting up clean energy projects.Citing further Oman-Qatar cooperation initiatives, the ambassador noted that Oman is encouraging top-tier firms to establish projects in the fields of green hydrogen and generating clean electricity through solar and wind energy.Al-Busaidi said Qatar and Oman established the joint investment fund ‘Al Hosn Investment Company’ in 2007. “It is a closed joint stock company headquartered in Muscat, and a partnership between Qatar Holding Company, affiliated to Qatar Investment Authority, with a 50% share, and Oman Investment Authority with a 50% share,” he also told ONA.

Indian ambassador Vipul. PICTURE: Thajudheen
Business
‘Strong potential’ for India-Qatar startup collaboration in 2025, says envoy

India’s top diplomat in Qatar has highlighted the South Asian nation’s robust startup ecosystem and potential for collaboration with Qatar, emphasising India’s impressive track record of over 100 unicorns in the past years.“The cultural connection between our two countries fosters this collaboration, allowing many Indians to work in Qatar,” Indian ambassador Vipul told Gulf Times on the sidelines of the recent launch of ‘India Utsav 2025’ at LuLu D-Ring Road.“As India continues to progress in the startup sector, and with Qatar’s focus on innovation and areas like sustainability, there is significant potential for Indian startups to thrive here,” Vipul pointed out.Asked what role India could play to help cultivate Qatar’s unicorns, the ambassador lauded Qatar for developing a strong ecosystem to encourage startups to establish and expand their footprint here. He said Qatar offers substantial financing and access to other global markets.“Startups that come to Qatar can effectively test their products and ideas, and once they achieve the necessary scale, they can expand into other markets. Thus, there are great possibilities and opportunities for startups here to grow into unicorns, and I am confident that many Indian companies will pursue these opportunities,” he explained.According to Vipul, there is significant activity in India’s startup sector, particularly in leveraging new technologies, such as artificial intelligence (AI).“Many of these companies participate in global events, and I believe Qatar is an important partner for collaboration. Last year’s Web Summit Qatar saw strong representation from Indian businesses and startups. Our Minister of Communications, IT, and Railways also attended the Web Summit here in 2024,” noted Vipul.The ambassador further said, “For 2025, we are co-ordinating with Web Summit to ensure a notable Indian presence there, as well. I am confident that several Indian startups will be represented in some capacity at Web Summit 2025.“Additionally, many Indians are connecting with Qatari entities, aiming to bring their innovative models and ideas to Qatar, where they can conduct pilot projects and launch their start-ups.”The ambassador also lauded the growing Qatar-India relations that both nations witnessed in the past years, citing the significance of LuLu Group’s launch of ‘India Utsav 2025’ to celebrate India’s 75th Republic Day.Vipul described 2024 as a “wonderful” year for India-Qatar ties, which witnessed several high-level visits to the country, including India’s prime minister and the national affairs minister.“We have historic and friendly relations between our two countries, on trade, on investment, on energy, on new technologies across the board...I think our relations are going forward. Businesses like LuLu are emblematic of this co-operation between India and Qatar on the trade and investment side,” Vipul said.He added: “I would say that centuries ago, the relationship was based more on trade and people ties. All that can be seen here in LuLu is the number of Indian products which are available. But more than that, an Indian business, which is also bringing products from elsewhere in Qatar, which is such an integral part now of the Qatari economy.”