Qatar focussing on PPP strategy to attract FDI
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Qatar is strategically focusing on public-private partnerships (PPPs) as a means to attract foreign direct investment (FDI), according to the Investment Promotion Agency Qatar (IPA Qatar). The ongoing success of the PPP strategy is already evident in sectors such as oil, gas, and banking. However, the country is expanding its scope and placing a particular emphasis on technology, given the rapid development in the information and communications technology (ICT) sector. This growth has resulted in a significant portion, 27%, of FDI inflows coming from the tech industry, and this percentage is expected to continue increasing. The IPA Qatar plays a crucial role in driving these initiatives. In its annual 2022 report, the agency announced the creation of over 13,972 new jobs across 135 FDI projects in the previous year. Additionally, Qatar's thriving FDI ecosystem witnessed an impressive QAR 1.08 trillion (USD 29.8 billion) in capital expenditure. This represents nearly 25 times the