Qatar is committed to implementing the country’s public-private partnership (PPP) schemes, according to an official of Qatar Chamber, who underscored the private sector’s “vital role” in accomplishing the goals of the Qatar National Vision 2030.
Speaking recently at the Centre for Entrepreneurship (CFE) at Qatar University’s College of Business and Economics, Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari said, “Economic diversification requires the focus on developing industry as a strategic choice.”
“The industry sector constitutes a competitive advantage to Qatar’s economy, especially energy-related industries,” said al-Kuwari in a presentation during a seminar titled ‘Importance of Maximising the Private Sector’s Role in Achieving Qatar’s Sustainable Economic Development’.
“In this context, Qatar Chamber is committed to co-ordinating with all bodies concerned to help create an investment climate appropriate for these industries. This climate will be made through the establishment of industrial zones, providing necessary infrastructure, and adopting legislatives that stimulate investor to do business in this sector,” al-Kuwari continued.
He also lauded the “unwavering support” extended by His Highness the Amir Sheikh Tamim bin Hamad al-Thani to the private sector and for his directives that aim to provide all incentives to the private sector and local industries. He said these measures had contributed to increasing investments in the industry sector.
Al-Kuwari said the private sector would continue its role in projects related to the 2022 FIFA World Cup, and assured that “the pace of these projects would continue beyond the tournament” as more than 150 major projects “would be set for delivery.”
He said the recently-issued law that regulates investment of non-Qatari capital in economic activity “would not only attract more investments but also help in adapting modern technology.”
According to al-Kuwari, the private sector played a significant role in achieving the self-sufficiency in the country’s dairy industry and other products “with higher percentage.”
Also, al-Kuwari highlighted the mechanisms for increasing the private sector’s contribution to the country’s GDP, including giving local products special priority in all government bodies, increasing Qatari companies’ contribution in the mega projects being implemented in the country, and streamlining finance procedures.
Al-Kuwari noted that Qatar Chamber hosted 100 foreign trade delegations last year to help strengthen cooperation relations between the Qatari private sector and its international counterparts.
Qatar chamber also organised business visits for Qatari companies to a number of friendly countries. These events led to the signing of many alliances and partnerships and establishing joint projects inside and outside the country, he added.
