SMEs have a significant role in Qatar's economy.

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SMEs have a significant role in Qatar's economy.


Small and medium-sized businesses (SMEs) in the State of Qatar account for 97% of all privately registered firms and 16% of its non-oil GDP (GDP).


The Oxford Business Group report "The Report: Qatar 2022" emphasized that SMEs are the foundation of major economies all over the world and significant forces behind economic diversification and GDP development.


Qatar has created a number of incubation and accelerator programs to promote and support with knowledge and experience the development of SMEs. The government has actively urged banks to provide new funding options to entrepreneurs looking to launch or expand their businesses in order to advance the sector.

Similar to this, the well-known "Made in Qatar" initiative is supported by the Qatar Chamber of Commerce & Industry (QCCI), which places its products in national and regional exhibits. Through its Ma'an (together) project in collaboration with Qatar University (QU) and the Qatar Development Bank, additional assistance is given (QDB).


In a same line, since the start of this year, the Public Works Authority (Ashghal) Ta'heel program has given SMEs construction contracts totaling QAR 189 million (USD 51.8 million).

Read more: SMEs have a significant role in Qatar's economy.

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