The ‘1,000 Opportunities Initiative’ launched on Sunday by the Ministry of Commerce and Industry (MoCI) on the occasion of ‘National Product Week’ allows local investors to secure investment opportunities from major international and local companies operating in Qatar.
This was according to a statement by Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani, who participated in the launch ceremony of National Product Week, organised by MoCI, in collaboration with Qatar Development Bank (QDB), at the ministry’s headquarters in Lusail city.
He explained that the ‘1,000 Opportunities Initiative’ offers small and medium-sized enterprises (SMEs) the opportunity to develop their products and services and become more competitive in the Qatari market.
Sheikh Khalifa also said that enhancing the level of competitiveness will be advantageous to stakeholders in the private sector, allowing them to play a larger role in Qatar’s economic activity.
According to Sheikh Khalifa, national products have proven their competence in both the local and international markets. He stressed that the competitiveness of local products is now at par with their international counterparts in terms of pricing and quality. This has contributed to increasing the level of the State’s self-sufficiency, he also emphasised.
Sheikh Khalifa also lauded the efforts made by the ministry to support the local market, especially SMEs, and affirmed that this will “reflect positively” on the national economy.
He also underscored the ministry’s role in enhancing the communication between SMEs and government bodies and praised the interest of government entities to increase their procurement of locally-manufactured products.
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