Capital investments in Qatar’s food industries sector in the past five years stood at QR4.4bn, reflecting a 35% jump in the total growth of the country’s manufacturing sector, according to the latest issue of Al Moltaqa, Qatar Chamber’s monthly economic magazine.
The magazine reported that the growth recorded in the country’s food industries’ capital investments was gleaned from an ongoing study by Qatar Chamber’s Research and Industries Department.
The study, titled ‘Production Capacities and Degree of Utilisation as an Input to Enhance the Growth of the Manufacturing Industry in Qatar’, revealed that based on the type of manufacturing industries, they are distributed over the entire branches of manufacturing industries even if a large percentage is distributed among different food industries.
Previously, Qatar Chamber reported that the country’s manufacturing industry witnessed “considerable growth” in the number of facilities and production in the past five years.
Citing data provided by the Ministry of Commerce and Industry (Qatar Industrial Gateway), the study showed that the number of food production facilities grew by 103% — “the largest growth rate among all other manufacturing industries including oil and gas-related industries.”
The study said the quantitative and qualitative development contributed significantly to increasing industrial diversity, according to the plans adopted by the country to achieve economic stability through diversifying sources of income, as well as increasing the attractiveness of the Qatari economy to domestic and foreign investments.
It said the rise in market shares of Qatari manufacturing industries in local markets to “satisfying levels near to achieving the relative self-sufficiency” would help provide the national economy with a solid basic foundation for the next planning stage for the industry’s future.
Similarly, the study showed that machinery and equipment manufacturing has grown significantly as their facilities also increased by 82% in the last five years.
Meeting domestic demand for basic products, even if it is sufficient in the short term, “will not be so in the medium and long terms, especially when markets reach the saturation stage and the continued targeting of Qatari market by current and potential competitors that leads to a high level of competition,” the study emphasised.
“Qatari industries have to effectively control over the various cost elements to improve the level of competitiveness of their products at the local and foreign markets,” the study also recommended.
The Chamber stressed that the interest in studying productive capacities in the non-oil manufacturing sector “is of special importance” as it helps in shaping the future policy for this sector within a long-term strategy.
The study, titled ‘Production Capacities and Degree of Utilisation as an Input to Enhance the Growth of the Manufacturing Industry in Qatar’, revealed that based on the type of manufacturing industries, they are distributed over the entire branches of manufacturing industries even if a large percentage is distributed among different food industries.
Previously, Qatar Chamber reported that the country’s manufacturing industry witnessed “considerable growth” in the number of facilities and production in the past five years.
Citing data provided by the Ministry of Commerce and Industry (Qatar Industrial Gateway), the study showed that the number of food production facilities grew by 103% — “the largest growth rate among all other manufacturing industries including oil and gas-related industries.”
The study said the quantitative and qualitative development contributed significantly to increasing industrial diversity, according to the plans adopted by the country to achieve economic stability through diversifying sources of income, as well as increasing the attractiveness of the Qatari economy to domestic and foreign investments.
It said the rise in market shares of Qatari manufacturing industries in local markets to “satisfying levels near to achieving the relative self-sufficiency” would help provide the national economy with a solid basic foundation for the next planning stage for the industry’s future.
Similarly, the study showed that machinery and equipment manufacturing has grown significantly as their facilities also increased by 82% in the last five years.
Meeting domestic demand for basic products, even if it is sufficient in the short term, “will not be so in the medium and long terms, especially when markets reach the saturation stage and the continued targeting of Qatari market by current and potential competitors that leads to a high level of competition,” the study emphasised.
“Qatari industries have to effectively control over the various cost elements to improve the level of competitiveness of their products at the local and foreign markets,” the study also recommended.
The Chamber stressed that the interest in studying productive capacities in the non-oil manufacturing sector “is of special importance” as it helps in shaping the future policy for this sector within a long-term strategy.
