BUSINESS START UP QATAR

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

Social entrepreneurs working to create solutions for neighborhood issues are becoming more prevalent in Qatar. At a recent event, prominent stakeholders in the community of Qatari businesswomen and men stressed the importance of supporting micro, small, and medium-sized firms (MSMEs) in their digital transformation to boost the number of "Made in Qatar" goods and promote entrepreneurship. It also mentioned how crucial support is given to young businesspeople in the nation by the public sector, which includes ministries, institutions, and organizations. The event featured the Nama Center, which just launched a "Be a Social Entrepreneur" program and offers help for social entrepreneurs. Additionally, the government offers assistance to micro businesses in a number of industries, including agriculture, food, and beverage, education, health and wellness, sports, and lifestyle. In keeping with Qatar's National Vision 2030, the Minister of Education & Higher Educa

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

  In order to achieve its goal of being a centre for sustainable innovation by 2030, Qatar is giving special attention to the development of a start-up ecosystem. The backing of important stakeholders, such as Qatar Development Bank (QDB), among many others, is helping a number of locally based start-ups and scale-ups. KARTY, a FinTech platform that enables users to spend, save, and manage their funds in a single application, is one of these success stories. The start-up, which is situated in Msheireb, has raised QAR 4.3 million (USD 1.2 million) in a pre-seed round from a variety of investors, including angel investors based in Qatar and Visa, QDB, and QF. By utilizing cutting-edge technology and transaction data, KARTY seeks to revolutionize everyday banking experiences. Read more:  Qatar generates home-grown start-up success stories