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The Qatar Investment & Innovation Conference, held recently at Barahat Msheireb in Msheireb Downtown Doha (MDD), provided an in-depth exploration of the future of economic zones within the Gulf Co-operation Council (GCC) countries. The conference, hosted by Msheireb Properties, in partnership with The Business Year (TBY), brought together industry experts, government officials, and thought leaders to discuss regional economic growth, innovation, and sustainable development.One of the event’s highlights was a pre-conference workshop at HEC Paris in Qatar, focusing on sustainable innovation and leadership challenges in a rapidly evolving world. During the opening session, Dr Hafiz Ali Abdullah, senior director of Corporate Communication at Msheireb Properties, emphasised the importance of cultivating proactive, challenge-seeking cultures within organisations to drive sustainable innovation.“Msheireb Downtown Doha stands as a testament to our nation’s visionary leadership and commitment to advancing Qatar National Vision 2030,” stated Ali al-Kuwari, CEO of Msheireb Properties, who highlighted the significance of sustainable urban development and innovation in shaping the region’s future.Al-Kuwari said: “This conference exemplifies our dedication to promoting regional co-operation and innovation, creating a platform where policymakers, thought leaders, and innovators can collaborate to unlock immense potential for growth.”Hamad al-Nasr, director of Trade Development and Investment Promotion at the Ministry of Commerce and Industry, shared insights on Qatar’s economic diversification efforts and investment opportunities. For his part, Dr Khalid bin Klefeekh al-Hajri, Qatar Chamber board member, emphasised the private sector’s role in driving innovation and sustainable development across the region.“There is no doubt that this conference reflects Qatar’s commitment to enhancing the innovation environment as an effective means of achieving economic diversification and building a knowledge-based economy, in line with the Qatar National Vision 2030,” al-Hajri said.The conference showcased two panel discussions on ‘The Future of Economic Zones - Innovation and Opportunities’ and ‘The Role of Technology in Infrastructure and Private Investment’s Impact on Regional Connectivity in the GCC’.The first panel, which highlighted the evolution of free zones in the GCC region, featured Mohamed Juma al-Musharrkh, CEO, Sharjah FDI Office (Invest in Sharjah); Hamed Ahli, head of Meydan Free Zone; Ali Shehab, global director of Special Projects and Services, DNV; and Bader al-Madhadi, senior associate, Qatar Free Zones Authority (QFZA). The discussion was moderated by Silvia Lambiase, senior country editor, TBY.Al-Musharrkh said: “It’s not about real estate anymore, it’s about the ecosystem. The whole region is booming.”The sentiment was echoed by al-Madhadhi, who emphasised that free zones are aligned with the region’s vision for economic diversification, digital transformation, and sustainability.The discussions highlighted the GCC’s strategic advantages, with Shehab emphasising the region’s unique position connecting East and West. Ahli, on the other hand, shared statistics about Meydan Free Zone’s operations, noting that “more than 95% of investors are FDI, with over 180 nationalities represented.”The second panel discussion, moderated by Alex Krunic, senior adviser to the chairman, Commercial Bank of Kuwait, featured the following industry experts: Sami Zaitoon, managing partner, Moore Qatar; Fahad al-Sharekh, vice-chairman, Kamco Invest Saudi; Irene Vidal, CEO, FMM; and Julien Hawari, CEO, Million and Sirius Lab.The discussions resonated strongly with MDD’s position as the world’s first sustainable downtown regeneration project, which has become a vibrant hub for innovation and sustainable urban living. The district’s recent attraction of major institutions, including Media City Qatar and Qatar Airways’ global headquarters, demonstrates its success in creating an ecosystem that supports the type of innovation and economic diversification highlighted throughout the conference.Both panels were complemented by special sessions, including an innovation speech by Aysha al-Mudahka, programme director of Innovation Programme at QRDI Council, and a special report launch by Doha Bank, providing attendees with comprehensive insights into Qatar’s evolving innovation and investment landscape. The conference’s discussions about technology-driven infrastructure and sustainable development.The conference concluded with a strong emphasis on regional co-operation, with speakers highlighting how collaboration and knowledge transfer can strengthen the region’s ability to attract major institutions and drive innovation.

An economy that prioritises a “people’s community”, where collaboration and mutual support are essential, promotes not only venues for value creation but also implies that thriving communities have the potential to generate widespread prosperity, a veteran Qatari entrepreneur has said.Speaking as the guest of honour of the inaugural ‘Tech Startup Community Awards’ hosted by Startup Grind Qatar, Sheikh Mansoor bin Khalifa al-Thani, chairman of MBK Holdings, underscored the value of building a robust community within the country’s tech startup community.Sheikh Mansoor said: “In the term ‘startup community’, the most important word is community because it centres on people. The people element is essential; everything we do aims to enable and support one another.”He also said: “Technology serves to help people and make things easier. A startup is fundamentally a problem solver, dedicated to creating innovative solutions. Therefore, community is a critical element.“I envision a future where the community drives the economy and focuses on the people's economy. This perspective means that community is not just a source of value; it can also generate prosperity for humanity.”The ‘Tech Startup Community Awards’ was designed by Startup Grind Qatar to honour the remarkable achievements of individuals and startups that drive innovation and growth in Qatar’s tech ecosystem.Focused on celebrating community success, the initiative aimed at bringing visibility to the efforts of those who contribute to building a thriving entrepreneurial landscape, a statement from Startup Grind Qatar emphasised.The following entrepreneurs and startups received awards in diverse categories: Innovation Café founder Ramzan al-Naimi, ‘Community Builder of the Year’; EBAN GCC ambassador and board member Marcel Dridje, ‘Mentor of the Year’; innovation and entrepreneurship trainer Emad Saif, ‘Startup Trainer of the Year’; Tenn.Ai, ‘Tech Disruptor of the Year’; Tatami, ‘Idea Stage Startup of the Year’; SkipCash, ‘Growth Stage Startup of the Year’; Qatar Development Bank, ‘Most Value-added Investor’; Adeer Solutions founder & CEO Reema al-Kuwari, ‘Female Founder of the Year’; and Wqtah, ‘Breakthrough Startup of the Year’.Sheikh Mansoor added: “I am a strong believer in building communities, and I want to thank everyone who contributes to fostering this community. I look forward to collaborating more and working together to enhance our community.“When people ask what differentiates Silicon Valley from others, I say it’s not about the system or the location—it’s about the community. It's about the kind of people who drive the system and make everything happen.”

The Ministry of Commerce and Industry’s (MoCI) newly unveiled Qatar National Manufacturing Strategy 2024–2030 is seeking to adopt circular economy practices and drive the nation forward through smart industries.This was highlighted by HE the Minister of Commerce and Industry Sheikh Faisal bin Thani bin Faisal al-Thani’s speech during the strategy’s recent launching ceremony led by HE the Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani, where he also launched the Ministry of Commerce and Industry Strategy.According to a primer distributed by MoCI during the launch ceremony, the Qatar National Manufacturing Strategy’s focus on green manufacturing aims to raise the percentage of Qatari factories that use circular economy practices to 35% by 2030.Similarly, this strategy aims to raise the readiness of Qatari factories for smart industry to enable them to reach the second level of the Smart Industry Readiness Index (SIRI) by 2030.Another key component of this strategy is Qatarisation in manufacturing, which aims to increase the percentage of the Qatari workforce from 2.2% in 2021 to 3.0% by 2030. In terms of labour productivity, the strategic goal is to increase the value-added rate per worker from 1.7% in 2021 to 1.9% by 2030.To create a competitive and resilient manufacturing environment that contributes positively to the nation’s overall development, the strategy will also focus on knowledge-based industries to increase the proportion of Qatar’s highly skilled manpower from 23.2% in 2021 to 26.5% by 2030.Speaking at the launch ceremony, Sheikh Faisal also emphasised that the Qatar National Manufacturing Strategy aims to strengthen the manufacturing sector’s capabilities, increase its gross output as a driver of development and innovation, and raise the sector’s value-added contribution to QR70.5bn. Additionally, it seeks to boost non-hydrocarbon exports to QR49bn and attract annual industrial investments of QR2.75bn by 2030.The strategy encompasses 15 initiatives and 60 projects, focusing on diversifying industries by 50%, increasing the private sector’s value-added contribution to QR36bn, and positioning Qatar among the top 40 countries in the Industrial Competitiveness Index.Sheikh Faisal also underscored the role of the Ministry of Commerce and Industry Strategy stating that it aims to diversify Qatar’s economic sectors and achieve a compound annual growth rate (CAGR) of 3.4% for non-hydrocarbon GDP, with a target of attracting $100bn in FDI by 2030. These goals support the strategy’s objectives of fostering innovation and entrepreneurship while improving the business environment to attract more international investments.He noted that the ministry's strategy represents an ambitious roadmap that supports Qatar’s sustainable development goals to achieve balanced and inclusive economic growth, aligned with Qatar National Vision 2030 and the Third National Development Strategy (NDS3).“The ministry’s strategy focuses on enhancing and developing the commercial, investment, and industrial sectors, which will embolden Qatar's global competitiveness, encourage innovation and sustainability, and improve the quality and delivery of services. This is underpinned by our ongoing mandate to prioritise the protection of consumer rights according to the highest global standards,” Sheikh Faisal said in his speech.He added: “Our strategy emphasises and encourages active contribution to implement a comprehensive economic programme that builds on achievements and contributes directly to developing the national economy.“This strategy is not merely a plan but a commitment by the ministry to the continuous pursuit of excellence and progress, enhancing Qatar’s position as a leading commercial and industrial hub on the global stage.”

Two key strategies launched on Thursday aim to enhance Qatar National Vision 2030 by promoting sustainable economic growth, diversifying important economic sectors, and increasing the private sector’s contribution to GDP.HE the Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani officially inaugurated the Ministry of Commerce and Industry Strategy and the Qatar National Manufacturing Strategy 2024–2030, which carry the theme ‘Achieving Sustainable Economic Growth’.Speaking at the event, HE the Minister of Commerce and Industry Sheikh Faisal bin Thani bin Faisal al-Thani emphasised that the Ministry of Commerce and Industry Strategy aims to diversify economic sectors and achieve a compound annual growth rate (CAGR) of 3.4% for non-hydrocarbon GDP, with a target of attracting $100bn in foreign direct investments by 2030.These goals support the strategy’s objectives of fostering innovation and entrepreneurship while improving the business environment to attract more international investments, he pointed out.He noted that the strategy underscores the importance of supporting the role of small and medium-sized enterprises (SMEs) as key drivers of economic diversification. It also prioritises strategic partnerships and collaboration to expand Qatar’s global trade relations, accelerate digital transformation and smart technologies in industries, and ensure the integration of sustainable development practices across various sectors.The new strategy comprises four main pillars: institutional excellence, improving the business and investment environment, developing local industries and trade exchange, and consumer protection and competition promotion.It also focuses on enhancing direct economic contributions, improving the competitiveness and productivity of priority sectors, empowering public-private partnerships, supporting SMEs, strengthening intellectual property protection, and contributing to national self-sufficiency.Sheikh Faisal noted that the ministry has outlined ambitious development plans comprising 216 projects and initiatives, backed by key performance indicators (KPIs), to ensure successful implementation and continuous evaluation.Similarly, the minister explained that the Qatar National Manufacturing Strategy 2024–2030 aims to strengthen the manufacturing sector’s capabilities, increase its gross output as a driver of development and innovation, and raise the sector’s value-added contribution to QR70.5bn. Additionally, it seeks to boost non-hydrocarbon exports to QR49bn and attract annual industrial investments of QR2.75bn by 2030.The strategy encompasses 15 initiatives and 60 projects, focusing on diversifying industries by 50%, increasing the private sector’s value-added contribution to QR36bn, and positioning Qatar among the top 40 countries in the Industrial Competitiveness Index. It also prioritises a transition toward smart and green industries and aims to foster research and development to boost productivity, align education outcomes with labour market needs, and increase the participation of Qatar’s workforce in this vital sector.Sheikh Faisal stressed that the ministry’s new strategy builds on the achievements of its previous 2018–2022 strategy, which laid the groundwork for economic growth, local industry development, self-sufficiency, and non-hydrocarbon sector expansion. He noted that “significant progress had been made” and expressed confidence in overcoming any challenges that may arise to achieve Qatar’s ambitious goals.The minister reiterated that both strategies focus on enhancing the manufacturing sector and strengthening Qatar’s regional and global economic competitiveness. He also emphasised that the ministry’s strategy aligns with the Third National Development Strategy, which seeks to achieve sustainable economic growth within the framework of Qatar National Vision 2030.

Qatar’s strategic investments in digital transformation and partnerships with global tech giants are expected to significantly benefit stakeholders and key players in the country’s retail industry.According to LuLu Group Director of Global Operations Dr Mohamed Althaf, rapid technological advancements, the advent of artificial intelligence (AI), and the predictive maintenance of the Internet of Things (IoT) have been reshaping the global retail sector’s operational landscape.Dr Althaf highlighted that LuLu Group’s digital transformation reflects Qatar's broader vision for technological progress, merging traditional retail expertise with innovative digital solutions to address changing market demands and consumer expectations.Speaking to Gulf Times recently, Dr Althaf elaborated on the extensive integration of technology in modern retail operations, particularly in supermarket and hypermarket businesses, and how Qatar’s digital transformation strategy will offer huge gains for the industry.He explained that nothing may appear to have changed “in the past 25 years” when consumers enter a story, but little do people know that many retail establishments have been utilising different technologies that offer various solutions to their operations.“The store look and feel will remain the same because this is the nature of our business. But in our backend, what is happening is that we are heavy users of technology. I don’t know about the region, but if you take the US as an example, perhaps the second biggest data users after NASA are their retail supermarkets, so we are very knowledge-based; we are very much a data-driven business,” Dr Althaf emphasised.Aside from LuLu Hypermarket’s significant digital transformation in its backend operations, the implementation of cloud-based systems for cold chain management ensures food safety through comprehensive tracking and tracing capabilities. Similarly, the integration of IoT technology significantly helped optimise energy usage to meet the company’s sustainability goals, Dr Althaf noted.“AI and digital transformation are already transforming the processes that we are in. For example, our call chain management makes sure that the food is safe. All that is data-driven and stored on the cloud; we track and trace all our call chains for management. In terms of energy usage, most of our systems are benefitting from IoT – it is already helping us reduce energy bills and meet sustainability goals through digital transformation.“The other area where we are using it heavily is in terms of training our people on data.The company believes that we will be able to make our staff employed in much more productive and knowledge-demanding jobs. A lot of other tasks are already there, so in terms of our projections and predictive analytics, as well as forecasting of our order, all those are already digitalised,” Dr Althaf pointed out.On the storefront, particularly on the hardware side, Dr Althaf said LuLu boasts of autonomous stores and stores that are certified as carbon neutral. At the same time, the company has implemented different automation in its payment gateway, as well, he also noted.Looking ahead, Dr Althaf announced LuLu’s plans to launch an upgraded e-commerce platform featuring new AI tools. He also noted that his perspective on AI has changed from initial concern to viewing it as “an efficiency enhancer,” citing global CEOs who called for a pause in research and development of Large Language Models (LLMs) in 2024.“Looking back, we’re very pleased to say that nothing has changed much – human beings are still in command. It is still emerging, and I think AI is emerging as an efficiency enhancer, so I am looking at the positive outcome. I am looking forward to AI getting more mature.“There will be a lot of other business opportunities. For example, how do we use AI for agriculture and security? What do we do to increase the efficiency of new drug discovery processes?” Dr Althaf stressed.He also underscored the importance of keeping the people in Qatar well-informed and educated in innovation and advancements in AI. “Perhaps, AI can expand the reach of education to a lot of people around the world, and also at some point maybe it could start as a real-life problem solver. These are some of the things that I will be looking at very closely this coming year,” he added.

Qatar is strategically positioned to leverage its world-class infrastructure to drive sustained economic growth in 2025, according to a top executive of LuLu Group.Dr Mohamed Althaf, LuLu Group Director of Global Operations, said the country is poised to reap “huge benefits” from government foresight and the well-calculated infrastructure-related preparations for Qatar National Vision 2030 and the hosting of the 2022 FIFA World Cup in the coming period.He explained that some countries, despite being rich in resources, face a significant challenge due to inadequate infrastructure. In contrast, Qatar has established a strong foundation for development and is poised to utilise its world-class infrastructure as a “springboard” for future growth, he emphasised.Dr Althaf said his optimism is grounded in several key factors, including Qatar’s prudent fiscal policies and the country’s proven track record of successfully delivering the world’s “best-ever” FIFA World Cup in 2022, which not only placed the nation under the global spotlight but “left a very credible legacy.”Qatar is also keenly focused on becoming a centre for high-quality international events, he said.Looking at significant achievements in 2024, Dr Althaf highlighted that the government has ensured that the country remains “a safe, secure, and prosperous environment” for its residents, building upon the successful legacy of the 2022 FIFA World Cup.He also emphasised Qatar made significant strides in food security in 2024. Citing self-reliance, he said “80-85% of major essentials in the country are now secure” because of domestic policies focusing on increased agriculture and food production, and improved market access with lower entry barriers for quality food imports.He also said digital transformation remains a key focus area for Qatar, with significant investments in technology partnerships with global giants like Microsoft, Google, and Huawei, among others.“The impact of technological advancements is clearly visible in the retail sector, particularly through the innovative strategies employed by the LuLu Group,” Dr Althaf told Gulf Times.According to Dr Althaf, LuLu has integrated a range of digital solutions to streamline operations and enable a more convenient shopping experience for customers, noting that artificial intelligence (AI) is “emerging as an efficiency enhancer” rather than a threat.Additionally, LuLu Group has adopted data analytics to gain insights into consumer behaviour, as well as other initiatives that collectively demonstrate its commitment to embracing technology to stay competitive in the retail sector’s evolving landscape.“We are a very heavy user of technology...we are very knowledge-based and very much a data-driven business, noted Dr Althaf, who added that LuLu has integrated cloud-based systems for cold chain management and the Internet of Things (IoT) solutions for energy efficiency, while also developing autonomous stores and carbon-neutral facilities.Looking ahead to 2025, he identified three fundamental areas of focus for Qatar: continued enhancement of food security, acceleration of business digital transformation, and further progress toward a knowledge-based economy.On the diplomatic front, Dr Althaf stressed that Qatar is expected to expand its role as a global mediator in 2025. “Qatar is going to get even busier conducting its role as a chief peacemaker and negotiator for the world,” he added.

On the back of robust Ethiopia-Qatar ties and its strategic location as a gateway to the African continent, the country is looking to attract FDI, particularly investments from Qatar in various sectors, Ethiopian ambassador Faisal Ali Ibrahim has said.“Ethiopia stands as a beacon of growth and resilience on the African continent. With a population exceeding 126mn, we are not only the second-most populous nation in Africa but also one of the fastest-growing economies in Africa. Our GDP has shown consistent growth, averaging 10% annually for the past decades, and our ambitious goal to achieve middle-income status by 2025 is well within reach.“This is a testament to the dedication and hard work of our people and the vision of our leadership,” the ambassador emphasised in his speech during the ‘3rd Ethiopian Investment Forum’, held recently in Doha, in collaboration with Doha-based consultancy firm KON Group.According to Ibrahim, Ethiopia is positioning itself as a welcoming and reliable destination for foreign investments in prioritised sectors like agriculture, manufacturing, tourism, ICT, mining and energy, health, and banking and insurance.“Ethiopia’s commitment to creating an enabling environment for investors extends beyond these sectors. We offer an array of incentives to investors, including tax holidays, customs duty exemptions, and affordable land leases.“Our infrastructure investments, such as the Great Ethiopian Renaissance Dam and the Addis-Djibouti railway, ensure reliable energy and efficient logistics, making Ethiopia an ideal investment destination. Additionally, our strategic location in Africa positions us as a gateway to the continent’s vast markets and beyond,” he said.He said around 30,600 Ethiopians are living in Qatar, contributing to its workforce and seeking opportunities to build better lives. Bilateral relations have been further solidified through the signing of numerous agreements and memoranda of understanding in various fields, including economic cooperation, labour exchange, investment, and the elimination of overlapping taxes.“Despite the significant potential, Qatari engagement in business and investment in Ethiopia remains limited – a gap we aim to bridge through forums like this,” the ambassador explained.He said high-level visits between both nations have further strengthened Ethiopia-Qatar ties. Additionally, mechanisms like the Joint Bilateral Committee on Cooperation, established in 2012, and Political Consultation meetings, first held in Doha in 2021, have proven instrumental in advancing a shared agenda, he noted.Ibrahim said, “Ethiopia looks forward to reinvigorating the Joint Ministerial Commission and holding the next round of Political Consultation to boost comprehensive cooperation. To date, Ethiopia and Qatar have signed 20 agreements focusing on economic, commercial, and investment cooperation.“Another eight draft agreements are currently under exchange, signalling our mutual commitment to expanding our collaborative efforts. These agreements are the foundation for unlocking the immense potential of our partnership, and we encourage Qatari businesses to seize these opportunities and join Ethiopia’s growth journey.”He added: “The growing trade relationship between Ethiopia and Qatar exemplifies our shared vision for mutual prosperity. Ethiopia’s exports to Qatar, including coffee, livestock, and flowers, have increased significantly, reflecting the potential for further trade expansion. These exports are more than commodities; they are symbols of the high-quality goods Ethiopia brings to the global market.”

The Qatari Businessmen Association (QBA) engaged in a series of significant economic and diplomatic initiatives this year, forging stronger ties with different heads of state, private and public sector leaders, and global captains of industry.The association, led by its chairman, HE Sheikh Faisal bin Qassim al-Thani, also led high-level QBA delegations to explore and foster new investment opportunities across different countries in Europe, Asia, and the Middle East.The QBA’s efforts and programmes in 2024 reflect its keen focus on expanding Qatar’s economic footprint on the global stage and promoting the country as a vibrant business hub in the Gulf region.Through its participation in a range of high-level forums and trade missions, the QBA has strengthened and identified new avenues for cooperation across various sectors aimed at achieving sustainable economic growth and the continued diversification of Qatar’s economy.Earlier this year, the QBA organised a business lunch in honour of UK Deputy Prime Minister Oliver Dowden and his accompanying delegation, where both parties discussed trade and investment relations between Qatar and Britain, as well as developments in the free trade agreement (FTA) negotiations between the GCC countries and the UK.In a media statement, the QBA noted that both expressed optimism that an FTA would contribute significantly to economic growth and enhance trade in goods and services, new sectors, and advanced technologies.The meeting also highlighted Qatar’s investments in Britain, such as those on the London Stock Exchange, Chelsea Barracks, Heathrow Airport, and Harrods, which have been viewed as an added value to the British economy, the QBA also noted.Alongside the Qatari Businesswomen Association (QBWA) and the Ministry of Commerce and Industry (MoCI), the QBA held a meeting with World Trade Organisation (WTO) Director General Dr Ngozi Okonjo Iweala and her accompanying delegation.The meeting, which discussed ways to address pressing global trade challenges and ways to overcome them, was held as part of the policy followed by the WTO towards non-governmental organisations concerned with small and medium-sized enterprises (SMEs), investment, and pioneering businesswomen.Both the QBA and QBWA have expressed the support of Qatar’s business community for the WTO, which plays a significant role in enabling small enterprises to grow, develop, and further access international markets.The QBA’s comprehensive visit to Berlin this year was touted as a milestone in forging robust relations with Qatar’s key partners in Europe. The visit included meetings with corporate giants like Siemens Group and SAP, as well as different government entities in Germany.The association’s delegation also explored investment opportunities and partnerships in the following sectors: technology, artificial Intelligence (AI), healthcare, and tourism, among others.The German-Qatari Joint Task Force for Trade and Investment also held a meeting at the headquarters of the Federation of German Chambers of Commerce and Industry during the visit.During a business dinner with Berlin's former mayor and senator Franziska Giffey, the QBA highlighted Qatar’s economic transformation and investment incentives, including new free zones and logistical zones.The QBA’s meeting with Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar bin Ibrahim al-Khorayef, was part of the association’s initiatives to strengthen regional ties. The meeting was held in Doha on the sidelines of the ‘Consultative Meeting between their Excellencies the GCC Ministers of Commerce and Industry and the Heads of the GCC Chambers of Commerce’.In an interview with Qatar News Agency (QNA), HE Sheikh Faisal underscored the importance of the official visit by His Highness the Amir Sheikh Tamim bin Hamad al-Thani to Germany last October.He said His Highness the Amir’s visit it will open new avenues for partnership and co-operation in various fields to serve the mutual interests of both nations, while stressing Qatar's strategic relations with Germany.“This visit would support Qatar’s transition towards a knowledge-based and innovative economy through the establishment of strong partnerships in which the private sector of both countries will play a pivotal role,” Sheikh Faisal told QNA.Later this year, the QBA encouraged its members to explore investment opportunities in Uzbekistan as part of the association’s drive to expand its horizons in Central Asia. During a meeting with Laziz Kudratov, Minister of Investment, Industry and Trade of Uzbekistan, QBA discussed potential investments in agriculture, mining, and energy sectors.

The adjustment of fees for certain services provided by Qatar Chamber is considered one of this year’s key highlights in its role as one of the leaders in the country’s economic diversification and growth.Cabinet Decision No 19 for 2024 was ratified by His Highness the Amir Sheikh Tamim bin Hamad al-Thani, a move that aligns with the strategic objectives of Qatar’s Third National Development Strategy (NDS3) 2024-2030, stated Qatar Chamber chairman Sheikh Khalifa bin Hamad al-Thani.Sheikh Khalifa explained that the recent decision was intended to ease the financial pressures faced by Qatari companies. He noted that the initiative also seeks to provide relief and support to businesses, enabling them to navigate economic challenges more effectively. By alleviating these financial burdens, the decision aims to foster a more stable and prosperous environment for local enterprises to thrive, he pointed out.In a recent edition of Al Moltaqa, the chamber’s economic magazine, Sheikh Khalifa stated that Qatar Chamber, which was established to address the needs of the country’s economy and the private sector, “believes that the decision to ease the financial burden of Qatar’s SMEs and large companies coincides with the reduction in cost for certain services recently approved in some ministries and government institutions.”“This will also create a positive impact and constitutes a motivating factor for companies operating in Qatar and encourages investors,” the Qatar Chamber chairman further pointed out.Sheikh Khalifa emphasised that the decision aligns with the chamber’s mission to represent, support, and protect the interests of Qatari businesses. This includes highlighting opportunities across various industries, supporting economic development and productivity, and attracting foreign investments for the overall benefit of the country and the chamber's member companies.According to the Cabinet's decision, membership fees for shareholding companies, holding companies, and foreign companies involved in state contracts have been reduced by 50%.For other company types, such as limited liability companies, general partnerships, simple partnerships, joint ventures, and partnerships limited by shares, the annual membership fees are standardised, regardless of capital or business activity.The decision also includes a reduction in fees for issuing ATA Carnets and arbitration requests. The fees for other services, such as authentication and certification, will remain unchanged under Law No 11 of 1990, which established the Qatar Chamber.“This step will undoubtedly support economic growth and create a favourable environment for investment in Qatar,” stated Sheikh Khalifa, who further emphasised that the chamber is committed to empowering the private sector to fully participate in the comprehensive development journey.Sheikh Khalifa stated that 2024 was highlighted with significant activities, achievements, and initiatives within the chamber. These aligned with the state’s efforts to achieve comprehensive and sustainable development under the Qatar National Vision 2030. “This is particularly relevant following the launch of the NDS3, which emphasises sustainable economic growth,” he added.

Private sector leader Qatar Chamber has kept a keen focus on its role as a key driver of economic development in the country. Throughout 2024, the chamber has actively engaged in various activities and meetings with local and international business leaders, high-level delegations, and world leaders.Since the beginning of this year, the chamber organised and participated in over 270 events, and hosted some 75 foreign trade delegations to discuss enhancing mutual investments and cooperation between Qatar’s private sector and overseas counterparts.The chamber also took part in more than 40 international events, organised or participated in some 26 forums and conferences, and signed Memoranda of Understanding with 15 entities and other chambers.has hosted more than two dozen international trade delegations, including its counterparts in neighbouring Gulf Co-operation Council (GCC) nations.The meetings centred on enhancing investment and cooperation ties in various sectors, including food security, health, education, insurance, and tourism, as well as forging commercial alliances and partnerships and developing the halal industry, among others.The chamber also held meetings with the International Labour Organisation to prioritise and address the opportunities and challenges facing the country’s employment market, entrepreneurs, companies, and other private and public stakeholders.Meetings were also held with major players in both the local and international scene to meet the demands of the country’s small and medium sized enterprise (SME) sector to open opportunities for wider market access, trade relations, and investment opportunities.Various officials of the chamber’s panels and committees deliberated with key private and public sector officials to discuss pressing issues facing the business community. Among these meetings included talks on the establishment of a land transport company under the public-private partnership (PPP) system based on Law No 12 of 2020, which organises the partnership between the government and private sectors.A delegation comprising the chamber’s top officials and board members, as well as various businessmen and representatives of different Qatari companies, gathered to meet with leading executives of Qatar Free Zones Authority (QFZ) to examine ways to boost private sector investments in free zones.The meeting was also highlighted by a field tour of Ras Bufontas Free Zone, where the delegation explored the investment benefits and business opportunities inside the country’s free zones. Discussions revolved around strategies to enhance collaboration between the chamber and QFZ with a focus on supporting the national economy and fostering the establishment of projects by the Qatari private sector in the free zones.To engage the next generation in nation building, Qatar Chamber signed an agreement with the Young Entrepreneurs Club (YEC) to strengthen collaboration and facilitate participation in seminars, fairs, workshops, and other relevant events.A Qatar Chamber statement emphasised the agreement signing with the YEC stems from its keenness to support young entrepreneurs and increase their contribution to the national economy.In 2024, Qatar Chamber maintained its “pivotal role” in leading the private sector and in ensuring that local entrepreneurs and the SMEs sector will make a significant contribution to the country’s economic development.The chamber has ensured its “continues to play a pivotal role in empowering entrepreneurship in the state, based on its position as a representative of the Qatari private sector and recognising the vital role that SMEs play in the country’s economic growth.”Throughout the year, the chamber actively communicated with key entities and authorities in both the public and private sectors to support and cater to the needs of entrepreneurs in the country, citing initiatives that showcase local products like the ‘Made in Qatar’ exhibition.The chamber also committed its support for the country’s entrepreneurs and productive families during a high-level meeting on entrepreneurship organised by the Arab League on the sidelines of the Arab Leaders Summit in Manama, Bahrain.The event was an opportunity to emphasise Qatar’s significant role in providing a host of programmes to support entrepreneurs, productive families, and people with disabilities.The chamber also worked closely with the Regional Network Consultancy (RNC), a member of the Regional Network for Social Responsibility, to host a first-of-its-kind five-day workshop on ‘International Expert on Sustainable Development Goals 2030 (SDGs) Applications’.The workshop highlighted models and applications of sustainable societies and proposed methods for applying SDGs in institutions and companies. It further discussed the role of sustainable development globally and the concept of green society and its tools for implementing SDGs. Furthermore, it reviewed reports for professional documentation of the practices and activities of institutions with international standards.This was followed up with a virtual training on ‘ESG sustainability reports’ held in cooperation with the RNC to help companies and institutions from various countries prepare sustainability reports. The event covered several topics, including ESG practices, the objectives, and levels of ESG standards, and the methodology for implementing ESG standards.In light of the announcement of Qatar’s Third National Development Strategy (NDS3) 2024-2030, the chamber’s chairman, Sheikh Khalifa bin Jassim al-Thani has underscored the importance of strengthening public-private partnerships (PPPs) in key areas, such as petrochemicals, tourism, and education.Sheikh Khalifa stated that the launch of NDS3 reflects the country’s commitment to achieving Qatar National Vision 2030. The national vision was launched in 2008 with ambitious goals aimed at transforming Qatar into a developed nation capable of achieving sustainable development, he pointed out.Sheikh Khalifa said: “The Third National Development Strategy 2024-2030 represents the final stage in realising the objectives outlined in this ambitious vision, which focuses on four key pillars: human development, social development, economic development, and environmental sustainability.“The strategy assures the state’s interest in empowering the private sector and enhancing its role in driving economic growth. It underscores the development of the government’s role to enable the private sector to lead and drive economic growth.”According to Sheikh Khalifa, the NDS3 aims at creating highly productive, specialised, and competitive economic groupings, which includes adopting rapid reforms in the business environment.To drive GCC integrated industrial growth, Sheikh Khalifa underscored the value of increasing efforts to strengthen economic and industrial cooperation amongst GCC countries.This elevates the GCC as a vital economic bloc on a global scale considering that Gulf countries have the capacity and a “strong will” to realise this objective amid economic and geopolitical challenges in the international and regional arena, he pointed out.Sheikh Khalifa also highlighted that the results of the referendum on the 2024 draft constitutional amendments represent a significant nationwide effort by Qataris this year, emphasising that these amendments are in the best interests of both the citizens and the nation.He said: “The decision to revert to the system of appointing the Advisory Council serves the interests of the country and its citizens, as it focuses on selecting the most competent, reputable, and experienced individuals rather than merely those with the most votes. It also preserves social cohesion among Qatari families.”

Qatar Chamber's initiative to update its Commercial & Industrial Directory for 2025 will streamline the country’s business landscape and serve as a valuable reference for investors and company owners, an official has said.Ali Saeed Bu Sherbak al-Mansouri, acting general manager, emphasised that the 2025 edition of the chamber’s Commercial & Industrial Directory is touted as “the leading source of information on active companies in Qatar.”“As part of its strategy to support the private sector and provide a comprehensive reference for local and international investors and companies, Qatar Chamber is committed to regularly publishing its Commercial & Industrial Directory,” al-Mansouri stated in the latest issue of Al Moltaqa, the chamber’s monthly economic magazine.Al-Mansouri said: “There is no doubt that this publication enhances the ability of Qatar’s business community to access up-to-date data and statistics across various economic sectors. It serves as an essential tool for promoting commercial and industrial activities in Qatar, providing an updated and comprehensive database for the private sector.“Moreover, it helps domestic and international companies open new channels for communication and cooperation, fostering strong commercial relationships that positively impact the national economy.”Al-Mansouri explained that the directory will feature comprehensive listings and the latest information about commercial and industrial companies registered with the chamber, including their contact details.He said: “Overall, the publication aims to enhance the state’s economic environment by providing accurate and up-to-date information about the commercial and industrial companies registered with the chamber.“This underscores the chamber's commitment to issuing a new version of the directory, thereby facilitating the business environment and providing a comprehensive reference for investors and merchants.”Al-Mansouri added: “The directory, which aligns with the development of Qatar’s business and economic sectors, reflects the chamber’s commitment to supporting and protecting the interests of its members by facilitating communication that enhances the investment environment and benefits the business sector in the country.”Last September, al-Mansouri signed an agreement with Saad Abdulla al-Tawah al-Hajri, the chairman of Al Ikhtyaar Investment Group, which will prepare, print, and publish the chamber’s Commercial & Industrial Directory 2025.In an earlier statement from Qatar Chamber, al-Hajri thanked the chamber for its role in the initiative. He ensured that the company would leverage its potential and expertise in preparing and printing the directory following the highest technical standards. Al-Hajri added that the directory would be widely available to the Qatari business community and distributed to chamber members and relevant bodies in Qatar.The directory, which is finely tuned to the progression of Qatar’s dynamic business and economic environment, reflects the chamber’s enduring dedication to protecting the interests of its members. It achieves this by fostering effective communication that not only elevates the investment climate but also benefits the broader business sector within the country.

Qatar, which is actively positioning itself as a key hub for innovation within the Gulf Co-operation Council (GCC) region, is being eyed to host an international event focusing on digital technology and innovation.According to Yasser Dhouib, the executive director of the Canadian-Qatari Business Forum (CQBF), Doha would be an ideal “guest nation” to host ‘MTL connect’, citing Qatar’s investment in various sectors like technology, education, and research and development (R&D), to create a vibrant ecosystem that promotes creativity, entrepreneurship, and innovation.Dhouib lauded Qatar for leading the way in driving innovation and enhancing its status in the region through initiatives aimed at promoting cutting-edge developments and attracting talent from around the world. “MTL connect: Montreal Digital Week, is an annual international event organised by the non-profit organisation Montreal Digital Spring (Printemps numérique). This gathering of entrepreneurs, researchers, decision-makers, industry players and artists aims to provide an understanding of the challenges and issues of the digital revolution, while presenting opportunities and offering solutions to take advantage of them.“It’s also an opportunity for participants to expand their network and develop business relationships and collaborations. MTL connect takes a cross-disciplinary approach to the digital field, through its economic, social, cultural and environmental impacts on various sectors of activity,” the MTL connect website stated.The CQBF is working to partner with MTL connect, as well as with public and private sector players in Qatar, to bring the international event to the country, possibly for a ‘Doha connect’ version, noted Dhouib, who reiterated that Qatar is striving to be the centre of innovation in the GCC region.In an interview on the sidelines of this year’s MTL connect, Dhouib told event organisers that the CQBF has “approached the Ministry of Communications and Information Technology in Qatar, and this is an idea that is being respected and studied, and I believe this should be done in due course.”Dhouib also said: “This is a very interesting concept that the Canadian Qatari Business Forum wants to present. We are proposing the idea of a partnership in terms of getting Qatar as a guest nation for MTL connect.“This is a very interesting partnership that we are seeking to materialise with the Qatari authorities in holding MTL connect also in Qatar with the idea of a Doha connect,” Dhouib continued.He added: “I think MTL connect and Doha can learn from this concept. Of course, Montreal is the hub in North America when it comes to clean tech, high tech, and Artificial Intelligence (AI). Doha also is an ideal venue for this particular niche...the CQBF will be present and we are promoting this concept for a very interesting partnership between the two countries.”

HE the Minister of Municipality Abdullah bin Hamad bin Abdullah al-Attiyah unveiled sunday the Real Estate Regulatory Authority’s (Aqarat) strategy to strengthen Qatar’s position as a leading investment destination.The new strategy, which was launched in the presence of several ministers, investors, and senior officials, aims to enhance the country’s status as a premier investment hub by regulating, stimulating, and promoting Qatar’s real estate sector, in line with the Third National Development Strategy, according to Engineer Khalid bin Ahmed al-Obaidli, the president of Aqarat.Speaking during sunday’s ceremony held in Doha, al-Obaidli expressed enthusiasm for the new strategy’s launch and targeted initiatives. Al-Obaidli emphasised that the strategy is aligned with the Wise Leadership’s vision of income diversification, sustainable development, and fostering an attractive environment for real estate investment.Al-Obaidli said, “Qatar’s distinctive qualities make it an ideal destination for all, offering a family-friendly environment and advanced infrastructure spanning transportation, communications and logistics sectors.“Over the recent years, our country has emerged as a leading global hub, with the real estate sector as a key pillar of our national economy. This new strategy serves as our roadmap for its regulation and development, in line with the Qatar National Vision 2030.”He further said the strategy marks a significant step towards establishing a sustainable and inclusive real estate sector that caters to the needs of both present and future generations.“It underscores our commitment to reinforcing Qatar’s position as a preferred investment destination while realising our leadership’s vision to create a competitive environment that attracts investments,” al-Obaidli noted.He explained that the comprehensive strategy is built on five key pillars: developing a national plan for the real estate sector through supportive policies that promote sustainable development and align with local and international real estate market needs; activating real estate regulations by establishing the Licensing Committee; creating a real estate development registry to enhance market transparency; overseeing the escrow account initiative; and activating the Dispute Resolution Committee.Additional pillars include enhancing professional standards by improving quality through the real estate valuation system governance; establishing an internationally aligned regulatory framework for practitioner licensing and classification; delivering advanced digital solutions to streamline procedures; and launching initiatives that promote transparency and facilitate easy data access and expanding investment opportunities to solidify Qatar’s position as a premier investment and family-friendly destination.This will be achieved by organising local and international real estate forums and actively promoting investment opportunities within the country, al-Obaidli also pointed out.He emphasised that Aqarat reaffirms its dedication to advancing Qatar’s real estate sector and ensuring the successful implementation of the strategic objectives. “This commitment supports the broader vision of positioning Qatar at the forefront of global investment and fostering a sustainable and attractive business environment that benefits the national economy, fulfilling the aspirations of future generations,” al-Obaidli added.

Kazakhstan President Kassym-Jomart Tokayev will pay a working visit to Qatar from December 6-7 and is slated to hold a special session during the upcoming Doha Forum 2024, a top diplomat has said.Ambassador Arman Issagaliyev made the announcement Tuesday during a press conference where he highlighted the main achievements that Kazakhstan and Qatar accomplished this year.He also discussed Tokayev’s participation in the Doha Forum and provided details about “Born Bold” – Kazakhstan’s recent international promotion campaign.Issagaliyev said that the working visit is aimed at further developing Kazakh-Qatar strategic partnerships, including international co-operation.Bilateral meetings will be held during the visit, which the envoy said will also discuss the implementation process of the agreements reached during the mutual high-level visits this year, as well as consider ways to further enhance partnerships in all fields of mutual interest.During the Doha Forum, Issagaliyev said that Tokayev would hold a special session where he would share his vision on ways of countering modern threats by increasing attention to the role of middle powers.“The participation of the President in the Doha Forum is driven by Kazakhstan’s long-term strategic plans to accelerate innovation and facilitate technological progress,” the ambassador said.He noted that Kazakhstan is set to increase its volume of innovative products to “$5.5bn” this year, adding that the country has created innovation centres nationwide, including the Astana Hub and TechGarden, to promote the development and commercialisation of ideas.In his annual address to the nation on Just Kazakhstan: Law and Order, Economic Growth, Social Optimism, delivered in September this year, Tokayev called for the strengthening of the connection between top universities and the real sector of the economy to synchronise innovation policy with the country’s scientific and technological priorities.“This will spur sector-specific innovations and unlock the potential of applied science in universities,” Issagaliyev said. “In this regard, I would like to applaud Qatar’s achievements in line with the National Development Plan until 2030 aimed at developing the state’s ecosystem of innovation, which is an integral part of Qatar’s sustainable growth model.”“We are confident that Qatar has every opportunity and vast resources to become the leading innovation hub in the scale of the Middle East and internationally,” the envoy added.“Taking into account the rapidly rising IT (information technology), telecommunications, and artificial intelligence (AI) in Qatar with its ambitious strategy to further bolster its position worldwide,” Issagaliyev continued, “– we attach great importance to developing joint IT projects, as Kazakhstan also enjoys the leading position worldwide in introducing cutting-edge technologies in public, financial, education, and many other services, provided by Kazakhstan’s blooming unicorn IT companies.”According to the envoy, the Doha Forum has become a “unique and global platform” for open discussions on the most pressing challenges and opportunities.He said the forum’s theme of The Innovation Imperative “is well-timed” amid rapid developments in international policy, world economy, and security architecture that require innovative and new approaches.“We are confident that the Doha Forum will further bolster Qatar’s prominent position as the unique diplomacy hub,” Issagaliyev said. “A significant component of the visit will be the signing of economic agreements aimed at further implementation of joint projects in various fields, including energy.”“We expect that the president will hold several meetings with the heads of Qatari companies in this regard,” the ambassador said. “Overall, we expect that His Excellency’s visit to Doha will be another step towards strengthening the strategic partnership between Kazakhstan and Doha.”

Kazakhstan’s recently launched campaign, ‘Born Bold’, seeks to diversify its economy and to position itself as a leader in key emerging industries, the country’s top diplomat in Qatar has said.Ambassador Arman Issagaliyev said the campaign focuses on a wide range of sectors where Kazakhstan intends to be “bold” in the following areas: reforms, diplomacy, economy, investment, transport and transit, climate change, water security, food security and culture and tolerance. Speaking to the media in a recently held press conference, Issagaliyev said ‘Born Bold’ aims to showcase Kazakhstan’s “dynamic, forward-thinking approach” to economic growth, social progress, and innovation.“The campaign promotes Kazakhstan’s economic diversification, reducing reliance on traditional sectors, and positioning the country as a leader in new industries, from AI and technology to renewable energy and finance,” the ambassador explained.Issagaliyev said Kazakhstan has taken “enormous strides” over the last two years towards strengthening its democracy. He also noted that four policy reform packages, followed by a constitutional referendum, have changed one-third of the country’s Main Law, and reformed key institutions of power.“The reforms have also made it possible to increase the level of mutual trust between the state and society and showed the unity of the position of all citizens regarding the future of the country,” he said. In diplomacy, Issagaliyev said: “As we forge ahead as a ‘Just Kazakhstan’, we are increasingly committed to responsible diplomacy and creating value for the global community.“All external partners understand well what Kazakhstan stands for, seeing us as reliable and trusted partners. We will stay open and connected to the world, and ensure that we embody the notion of a ‘Global Kazakhstan’.”In 2023, Issagaliyev said Kazakhstan registered a 5.1% economic growth and aims to double GDP to $450bn by 2029. “To achieve this ambitious goal, we have to ensure an annual growth of 6-7% by building a modern knowledge-based and innovation-driven economy,” he pointed out. Also, in 2023, gross FDI inflow into Kazakhstan amounted to $23.4bn, and $5.7bn in the first quarter of 2024. “To double the volume of our economy by 2029, we plan to attract at least $150bn in FDIs. We have recently created a high-powered investment board to bolster decision-making and comprehensive end-to-end state support for strategic investment projects,” the ambassador said.According to Issagaliyev, Kazakhstan’s strategic geographic location and its role as a transit hub for global trade routes underscore its role in global cooperation. The country’s participation in China’s Belt and Road Initiative and the EU’s Global Gateway project has positioned the country as an important link between East and West, he noted.For its climate change initiatives, he said Kazakhstan has bold ambitions for its clean energy sector, citing “immense solar and wind energy potential.” “In a matter of decades, these renewable sources will be the lifeblood of our economy and beyond,” Issagaliyev stressed. “The significant investments by major international renewables companies are a testament to this potential, and we look forward to working with our global partners, and with domestic companies, to accelerate the growth of our clean energy generation sector.“We do not doubt that, before long, Kazakhstan will be a major green powerhouse, which exports renewable energy across Eurasia, including through the Green Middle Corridor,” Issagaliyev emphasised.

Plans are on the anvil for the staging of a forum in Qatar that aims to reshape employment opportunities across the Arab region, an official of the International Finance Corporation (IFC) has said.According to Niels Planel, an adviser to the IFC Regional Vice-President (Middle East, Central Asia, Turkiye, Afghanistan, and Pakistan), the IFC is collaborating with the US-Qatar Business Council (USQBC) to gather global leaders in Doha to tackle the staggering unemployment crisis in the Arab world.Planel said the upcoming forum, slated in the spring of 2025 in Doha, will be the second edition of the ‘1001 Stars Initiative’, which brought 85 key actors from the private sector, training centres, the banking sector, media, and international organisations and NGOs, to Amman, Jordan during its inaugural launch in June.Citing figures from the International Labour Organisation (ILO), Planel told Gulf Times in an exclusive interview that the Arab region has “the world’s highest unemployment rate” in 2023 with “8.2%” for males and “20.1%” for females.“In the same year, ILO figures showed that 17.5mn individuals in the Arab States wanted to work but did not have a job, translating into a jobs gap rate of 23.7%,” Planel further stated.Planel said: “Some groups, in particular, are facing cumulative adversity and struggling to seize the opportunities that exist in the labour market. They are women, people with disabilities, forcibly displaced people, and youth not in employment, education, or training (NEETs).”He explained that the IFC considers Afghanistan, Lebanon, Iraq, some provinces of Pakistan, the West Bank and Gaza, and Yemen, as fragile and conflict-affected situations (FCS)countries. “Our ambition is to develop and put together an alliance of private sector actors who can create jobs, training, or even financial inclusion opportunities for the most marginalised groups in the societies,” he said. Jordan is also part of the countries targeted by the initiative.“The IFC and the US-Qatar Business Council have signed an MoU to make that happen. And we are very happy that the forum, which will capture a lot of the efforts that we are developing, will happen here in Doha because we believe this is one of the greatest places to kickstart this fight against joblessness,” Planel emphasised.This forum aligns with Qatar’s commitment to driving regional economic growth and innovation. USQBC’s efforts underscore Qatar’s leadership in leveraging public-private partnerships to address global challenges.Planel pointed out that the USQBC will be instrumental in this effort by leveraging its extensive national and regional network to connect critical stakeholders, facilitate dialogue with domestic and international employers, offer insight into the challenges and needs of the workforce, bridge supply and demand in labour markets, and assist in identifying training and upskilling opportunities.Sheikha Mayes al-Thani, Managing Director of USQBC, echoed these sentiments.“As a global hub for innovation and collaboration, Qatar is uniquely positioned to lead initiatives that tackle pressing challenges such as unemployment. The private sector plays an essential role in driving sustainable growth, fostering inclusivity, and creating opportunities that benefit both local and regional economies. At USQBC, we are committed to connecting key stakeholders to ensure that these efforts translate into meaningful and lasting impact,” she said.The USQBC plays a pivotal role in shaping private-sector engagement by leveraging its regional expertise to create impactful collaborations. Through initiatives like this forum, USQBC demonstrates its commitment to fostering economic resilience and inclusivity.According to Planel, the forum aims to diagnose employment barriers in fragile economies, develop innovative solutions for job creation, explore technology-driven employment opportunities, and create a collaborative ecosystem of stakeholders through USQBC’s extensive network.USQBC is uniquely positioned to connect innovative businesses and stakeholders, enabling the private sector to play a transformative role in tackling unemployment and fostering economic empowerment.“The forum represents more than just an economic initiative. It’s a commitment to social inclusion and economic empowerment in a region facing multiple challenges. We expect the initiative to support the creation of 130,000 direct or indirect jobs, training, and financial inclusion opportunities.“But more importantly, we want to inspire larger companies to replicate these successful models. No society remains indifferent to the imperative of helping others and to achieving poverty reduction and levelling the playing field,” Planel pointed out.

Investment projects in Kazakhstan will be the main focus of the ‘Kazakh-Qatari Business Forum’, which will be held in Doha on December 9, said Arman Issagaliyev, the ambassador of the Republic of Kazakhstan to Qatar.The forum is expected to witness a wide participation of heads of government institutions, national companies, and private entities in Doha that will give further impetus to further strengthening bilateral economic ties, Issagaliyev told reporters.During the press conference, the ambassador provided details of the upcoming working visit of President Kassym-Jomart Tokayev to Qatar and his participation in the Doha Forum 2024. He also discussed significant achievements in Kazakh-Qatari relations this year, including details of Kazakhstan’s recent international promotion campaign titled ‘Born Bold’.Issagaliyev said companies from Kazakhstan and Qatar have started the practical implementation of the agreement on the establishment of the strategic partnership in developing joint projects in priority fields, signed between heads of government in Doha last March 20 this year.He said: “Through this milestone agreement, we aim to efficiently utilise economic resources, create employment opportunities, enhance the health, safety, and well-being of citizens, foster sustainable development in the green economy, protect the environment, and employ advanced, environmentally friendly technologies and expertise.”The ambassador emphasised that Kazakhstan is “very optimistic” about the huge projects in the gas processing and gas chemistry sector.“Qatar’s expertise as the leading state in the international gas market and prominent experience in developing this field will significantly contribute to the energy security of Eurasia. I would also note the unique and successful experience of Qatari companies in boosting the nation’s food security. In this direction, we also have a huge project on the construction of a plant for deep grain processing in Astana.“Its implementation will increase the export potential of our country, since the plant’s products mainly consist of wheat gluten, starch, and protein isolate, which will be exported to the Middle East, Europe, and the US. Also worth noting is the planned construction of a perinatal centre in the Almaty region with 125 beds. This project will be implemented by the Qatar Fund for Development (QFFD),” the ambassador noted.Issagaliyev said the agreement on the establishment of a long-term strategic partnership for the development of projects in priority industries, signed by both nations’ leaders on March 20, is a significant step towards strengthening Kazakh-Qatar ties.“Currently, our countries are implementing joint investment projects exceeding $20bn in the areas of telecommunication, energy, transportation, petrochemistry, finance, agriculture, and other sectors. This year can fairly be called a turning point in business ties between our countries, the ambassador said.He added: “On February 14, President Kassym-Jomart Tokayev chaired the Kazakhstan-Qatar Investment Roundtable in Doha. It should be noted that there is untapped potential in mutual trade. Despite the ongoing positive dynamics, we aim to promote goods and services to the markets of the two countries.“On November 26 of this year, Kazakh and Qatari businessmen held B2B meetings in Doha with the participation of 12 Kazakhstani and 15 Qatari companies in the field of agriculture, industry, food processing, and IT.”

Officials of Web Summit Qatar and the German Mittelstand GCC Office signed a partnership agreement Tuesday bolstering Qatar-Germany relations, particularly in the field of innovation and entrepreneurship.The strategic agreement was signed by HE Sheikh Jassim bin Mansour bin Jabor al-Thani, Director of the Government Communications Office and Chairman of the Permanent Web Summit Organising Committee, and Christoph Ahlhaus, the chairman of the Federal Executive Board of The German Mittelstand.Representatives from the embassy of the Federal Republic of Germany to the State of Qatar and members of the Permanent Web Summit Organising Committee also attended the ceremony.The agreement aims to increase the participation of German startups in the second edition of Web Summit Qatar, scheduled to take place in Doha this February. The summit provides an exceptional platform for showcasing innovations and fostering connections with entrepreneurs and investors from around the globe.Sheikh Jassim said: “This partnership comes at a crucial time as Qatar prepares to host Web Summit Qatar 2025. We are focused on fostering an environment that supports small and medium-sized enterprises and promotes their international growth. Through this agreement, we also seek to strengthen Qatar's position as a leading global innovation hub, supporting digital transformation and a knowledge-based economy, in line with the goals of the Third National Development Strategy.“The signing of this partnership agreement is a key move to enhance cooperation and support opportunities for small and medium-sized enterprises in both Qatar and Germany. We recognise the vital role these companies play in driving economic diversification and innovation, and this agreement reinforces our mutual commitment to creating a sustainable and prosperous economy.”Ahlhaus added: “Qatar offers a strong environment that fosters innovation and entrepreneurship. We are thrilled to sign this agreement and contribute to Qatar National Vision 2030, which focuses on driving economic diversification and supporting startups both locally and globally. Our participation in the first edition of Web Summit Qatar was a fantastic experience, and we look forward to having an even larger and more impactful presence at the next edition.”Nizar Maarouf, regional director of the German Mittelstand GCC Office, said: “We are delighted to contribute to organising the first-of-its-kind German Pavillion in the region. Our participation in Web Summit Qatar 2025 offers a unique opportunity to showcase German innovations at this major tech event.“The German pavilion, workshops, and panel discussions will undoubtedly enhance understanding and foster strong partnerships between German companies and their international counterparts while strengthening economic and innovation collaboration between the two nations.”Web Summit Qatar 2025 is set to play a pivotal role in strengthening cooperation between Qatar and Germany. The summit will feature a dedicated German pavilion, showcasing over 24 startups, alongside a high-level delegation of more than 30 company founders, CEOs, and investors. The event will also offer workshops and panel discussions designed to highlight cutting-edge German innovations and encourage collaboration between German startups and global industry leaders.Qatar prioritises the support of startups both locally and internationally, aiming to empower entrepreneurs by providing an integrated business environment that fosters innovation and growth. As part of this effort, Qatar launched the StartUp Qatar Programme, which has experienced exceptional demand, with over 2,000 startups registering from around the world. This initiative aligns with Qatar National Vision 2030, which focuses on building a sustainable, knowledge-based and innovation-driven future.The German Mittelstand GCC Office was inaugurated in Qatar last year, following a strategic partnership with the Ministry of Economy and Commerce and Industry and Invest Qatar. This initiative also supports ongoing efforts to foster Qatar's entrepreneurial ecosystem, providing a comprehensive framework to assist startups and SMEs, ultimately contributing to the diversification of the national economy.