BUSINESS START UP QATAR

Qatar's private sector exports in the first quarter of 2024 amounted to an impressive QAR 2.53 billion (USD 700 million), marking a 6% increase compared to QAR 2.39 billion (USD 660 million) in Q4 2023. This data, released by Qatar Chamber, highlights the robust growth in the country's export sector. The report detailed the data according to the type of certificates of origin issued by Qatar Chamber, revealing an increase using both the General Model and the Unified GCC Model. Exports through the General Model rose by 12%, from QAR 1.79 billion (USD 490 million) to QAR 2 billion (USD 550 million). Similarly, exports through the Unified GCC Model increased by 10%, from QAR 398 million (USD 109 million) to QAR 438 million (USD 120 million). Significant growth was observed across various sectors: Fuel exports increased by 8.6%. Steel exports surged by 89%. Industrial gases exports grew by 25%. Kerosene exports saw an extraordinary increase of 185%. Regarding economic groupings, As

  Qatar's Government Prioritizing Environment, Water, and Biodiversity Qatar has launched a series of ambitious environmental initiatives aimed at safeguarding its ecosystems, recycling water resources, and enhancing biodiversity. These nature-based solutions (NbS) are particularly focused on agriculture, supported by detailed mapping efforts to identify optimal areas for various types of trees and crops. Aligned with Qatar National Vision 2030, these initiatives are enhancing and sustaining coastal areas through the expansion of tree forests within natural reserves. These efforts not only boost biodiversity but also contribute to food security and aid in carbon reduction and oxygen production. Notably, Qatar has successfully tackled challenges like rising temperatures and limited arable land in its coastal development strategy. Collaboration with specialized scientific research centers has been key to Qatar's success in revitalizing ecosystems. The country's commitment to

Qatar strides boldly into a new era as the cabinet recently gave the green light to the draft of the third National Development Strategy (NDS3) spanning 2024-2030. Aligned with the visionary objectives of the Qatar National Vision 2030 , this strategy heralds a monumental transformation, steering Qatar towards becoming an advanced state committed to sustainable development and the welfare of its citizens. Key Highlights of NDS3: Strategic Priorities: The NDS3 places strategic emphasis on competitiveness, innovation, and institutional excellence, maintaining a delicate balance between sustainable growth and social cohesion. Aligned with the Qatar National Vision 2030, the strategy rests on four foundational pillars—human, social, economic, and environmental development. Economic Ambitions: Qatar sets its sights on a 4% economic growth until 2030 through expanded gas production and accelerated economic diversification. The government's vision includes positioning Qatar among the top

In a recent event organized by Qatar's Startup Grind Doha chapter, the spotlight was on the transformative potential of artificial intelligence (AI) for Qatar's startup ecosystem. The gathering, titled "Unveiling the Future: Empowering Qatar’s Startups with AI," brought together a diverse group of stakeholders, including startup founders, investors, academia, and experts from both the private and public sectors. One of the focal points of the discussion was the Ministry of Communications and Information Technology's (MCIT) Qatar National Artificial Intelligence Strategy, which revolves around six key pillars: education, data access, employment, business, research, and ethics. The panel delved into how these pillars are shaping Qatar's AI landscape and facilitating its growth in various sectors. A notable aspect of the conversation was the emergence of AI capabilities, such as advanced chatbots that mimic human interactions, on corporate websites and applicati

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71% of all investments made in the Middle East came to Qatar in the second quarter of this year, according to the Investment Promotion Agency Qatar (IPA). The report offers quarterly updates on trends in foreign direct investment (FDI) and tracks FDI flows globally and regionally using both internal and external data sources. According to the report, a total of QAR 70.01 billion (USD 19.2 billion) worth of investments were made in the State of Qatar, which resulted in the creation of 6,680 employment across 11 projects. Software and IT, business services, financial services, coal, oil, and gas were the main industries. Read more:   Qatar attracts most FDI in ME and meets key partners

Samsung C&T of South Korea was recently given a sizable solar energy power plant contract by Qatar Energy Renewable Solutions. Samsung will construct two massive photovoltaic (PV) plants under the QAR 2.3 billion (USD 630 million) Engineering, Procurement and Construction (EPC) contract in the industrial cities of Ras Laffan (RLIC) and Mesaieed (MIC). Each plant will have a total area of ten square kilometers and an 875 megawatt capacity. By 2024, the Industrial Cities solar power project (IC Solar) is anticipated to boost Qatar's capacity to generate renewable energy to 1.675 gigawatts. According to data from cnet.com, one gigawatt can power around 750,000 houses. Read more:  Mega-solar power projects for sustainability in Qatar

  Qatar has made clear its intention to create a sustainable food supply system, in line with the Sustainable Development Goals for 2030 set forth by the United Nations. The Qatar National Vision 2030, which outlines the government's objectives for economic diversification and improvement while simultaneously enhancing living standards, is another source of inspiration for this initiative. In recent years, a number of connected projects and activities have been launched. An analytics platform for national food security has recently been successfully launched in Qatar. This technology compiles and organizes all available data on food security into a digital dashboard that is accessible to Qatari decision-makers. This leads to an improvement in the creation of data-driven and fact-based codes and policies. Read more:  Qatar to build the most sustainable food supply chain

With a focus on the private sector, Qatar Chamber (QC) has successfully launched its updated labor re-employment platform. In order to help local businesses hire available or unemployed local talent, the digital platform is run in coordination and cooperation with the Ministry of Labour (MOL). The most recent iteration of the re-employment platform will provide Qatar-based businesses access to the local market to find unskilled and skilled workers rather than hiring from abroad. By using this procedure, businesses and projects will continue to run smoothly while saving time and money on hiring. Additionally, because the MOL is directly involved, the platform facilitates the transition of employees from one organization to another. Read more: Labour Launch Qatar

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 , addi

  Trade between Qatar and United Kingdom at new heights @Zawya @psa_qatar The State of Qatar and the United Kingdom will continue to deepen their long-standing trade ties and broaden their engagement and cooperation in a variety of areas. Recently, ministers from the two countries evaluated areas of shared concern with the goal of enhancing collaboration in the trade, investment, and industrial sectors. Launching a digital database to offer pertinent information to investors interested in participating across many sectors is currently being worked on. Qatar's imports have expanded as a result of the cooperation between British and Qatari businesses. The UK has removed the need for a visa for investors from Qatar in order to promote foreign direct investment. On the other hand, the State of Qatar has already implemented a number of policies to support the private sector with incentives, laws, and chances that are guaranteed, all with the goal of enticing British investment in the na

The State of Qatar and the Federal Republic of Germany intention to make bigger their robust business and monetary funding ties. The two international locations lately signed numerous Memorandum of Understandings (MoUs) which construct on the Qatari-German Joint Commission on Economic, Trade and Technical Cooperation to inspire mutual investments. Other signed MoUs in a number of sectors encompass health, sports, media, archaeology, photo voltaic energy, culture, industry, trade, civil aviation and air transport. The State of Qatar additionally signed a joint assertion of intent to similarly promote cooperation in the power sector. The settlement is anticipated to increase into a collectively advisable partnership as Germany goals to diversify its gasoline grant with the aid of the use of liquefied herbal fuel (LNG) imports from Qatar. The partnership will foster Germanys electricity safety for the duration of the transition duration toward carbon neutrality and renewable electricity s

The State of Qatar is rating ninth on the listing of pinnacle nations for entrepreneurs in accordance with the National Entrepreneurial Context Index (NECI) 2021. The pinnacle function is due to many elements which include the country`s profitable country-wide improvement techniques which guide and promote new corporations and motivate lady entrepreneurs. These effects rank Qatar greater than many developed economies which include the United States, France, Germany, Canada, the United Kingdom, and Japan. The record finds that Qatar`s populace has constantly expressed excessive degrees of entrepreneurial confidence, each amongst the familiar populace and amongst entrepreneurs. It additionally ranks Qatar amongst the pinnacle international locations with the best degrees of new job expectations. Unsurprisingly given this degree of assurance, 50.4 percent of the Qatar populace count on to begin an enterprise within the subsequent three years. This is similarly supported by way of findings