Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani underscored the importance of the ‘1,000 Opportunities Initiative’, which would contribute to the localisation of supply chains and increase the dependence on local products.
Sheikh Khalifa made the statement yesterday during a seminar organised by Qatar Chamber, in cooperation with the Ministry of Commerce and Industry (MoCI). The seminar aims to help private sector companies learn more about the ‘1,000 Opportunities Initiative’.
The initiative is an electronic platform launched earlier by MoCI so that local investors could secure investment opportunities from major international and local companies operating in Qatar.
The seminar was attended by Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani and first vice chairman Mohamed bin Towar al-Kuwari, as well as several Qatari businessmen and representatives of local companies.
Sheikh Khalifa expressed his gratitude to the ministry for its keenness to enable local companies to learn about the initiative, stressing its importance in enhancing public and private partnerships and activating business sectors in the State.
He said 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 noted that enhancing the level of a company’s competitiveness will be advantageous to stakeholders in the private sector, allowing them to play a larger role in Qatar’s economic activity.
He encouraged Qatari investors and businessmen to learn more about this “vital initiative” by visiting the Single Window website to know the available opportunities, which include all economic sectors.
Sheikh Khalifa, who lauded the role of the ministry in supporting the local market, especially SMEs and entrepreneurs, pointed out that national products have proven their efficiency in both local and foreign markets.
He stressed that the ‘Made in Qatar’ brand has become more competitive than imported products in terms of price and quality, which contributed to raising the State’s self-sufficiency rate.
Hamad Mohamed al-Abdan, director of the Business Development and Investment Promotion Department at MoCI, delivered a presentation about the initiative.
He stressed that it aims to stimulate the business sector and provide an attractive environment by localising supply chains and increasing the efficiency of service providers, as well as encouraging, localising, and transferring knowledge to the national product.
Al-Abdan noted that the initiative is a culmination of more than a year’s effort with eight local and foreign major companies operating in the country, which include Match Hospitality, McDonald’s, CCC Contracting, LuLu Hypermarket, Americana, Alshaya Group, Power International, and General Electric.
He pointed out that the initiative is available on the Single Window website, noting that local companies can browse it to learn about available opportunities and how to apply for the service.
 
 
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