News

Qatars MoCI and Manateq reduce land leasing rates

Qatars Ministry of Commerce and Industry (MoCI), in partnership with the Qatari Economic Zones Company (Manateq), has revealed a major reduction in leasing rates for land in industrial, logistics and commercial zones.

Consequently, the new rates, which offer savings of up to 50%, apply to several key zones, including the Jery Al Samur Logistics Park, Small and Medium Industries Zone, Al Wakra Logistics...

09/02/25

QFC registered over 800 firms in 2024 recording 156% growth

Qatar Financial Centre (QFC) witnessed record growth in 2024, welcoming 836 new firms to its platform recording 156% growth compared to 2023.

As a result, the total number of QFC registered firms is now 2,489 and combined assets under management are now worth QAR 120.12 billion (USD 33 billion). In addition the QFC community now encompasses over 11,700 employees,...

02/02/25

Qatars MoCI and Manateq sign SMI Zone agreement

Qatar’s Ministry of Commerce and Industry (MoCI) recently entered into a strategic agreement with the Economic Zones Company (Manateq) to manage the Small and Medium Industries (SMI) Zone.

As a result, the new framework forms part of Qatar’s broader strategy to enhance operational efficiency and improve services in the zone. Most importantly, it will maintain existing conditions for factory...

26/01/25

Qatar’s industrial sector fuels economic diversification in 2024

Qatar’s industrial sector is experiencing significant growth, driven by strategic government initiatives aimed at diversifying the economy and supporting the development of small and medium-sized enterprises (SMEs).

As of 2024, the sector has seen the establishment of over 1,400 new industrial firms, with the total production value from registered and licensed companies rising to QAR 2.63 trillion...

19/01/25

Qatar Development Bank allocates QAR 1.5b to SMEs in 2024

Qatar Development Bank (QDB) successfully allocated QAR 1.5 billion (USD 412 million) in direct financing to small and medium-sized enterprises (SMEs) in 2024.

This reflects a remarkable 33% increase compared to 2023. Furthermore, it elevates the bank’s total outstanding direct financing to QAR 6.4 billion (USD 1.76 billion) further solidifying its role in supporting Qatar’s private sector.

Notably,...

12/01/25

Qatar commits QAR 210 billion to infrastructure projects

Qatar has recently unveiled its 2025 budget, allocating a total of QAR 210.2 billion (USD 57.75 billion) in expenditures, marking a 4.6% increase compared to the previous year.

Most importantly, the extensive development of strategic key sectors is being targeted, particularly construction and infrastructure, public services and tourism. These industries are expected to witness accelerated growth...

05/01/25

Qatar to invest QAR 4.6 billion in UK climate technology

Qatar's strategic partnership with the UK has reached a pivotal milestone, marking a significant QAR 4.6 billion (£1 billion) investment in climate technology. This landmark agreement underscores Qatar’s growing role as a global leader in sustainable energy and technological innovation.

The collaboration, expected to create thousands of highly skilled jobs, will establish world-leading climate...

29/12/24

Qatars Hamad Port achieves 23% growth in transshipments

Qatars Hamad Port has emerged as a key trans-shipment hub in the GCC region, showcasing significant growth in the transit cargo sector.

From January to November 2024, the port recorded a remarkable 23% increase in transshipments, with transit shipments representing 47% of the total container volume during this period. Moreover, in November, Hamad Port handled 135 vessels and managed a substantial...

15/12/24

Qatar`s TASMU accelerator announces 25 start-ups for 2024

Qatar`s Ministry of Communications and Information Technology (MCIT) has announced the selection of 25 local and international start-ups from 14 countries to join the 2024 TASMU Accelerator programme. Over 640 applicants from 74 countries were initially considered and after thorough evaluation, 40 start-ups...

08/12/24

Qatar's foreign merchandise trade surplus hits QAR 17.7B

Qatar's foreign merchandise trade surplus for September 2024 stood at QAR 17.7 billion according to preliminary data from the National Planning Council.

In September 2024, Qatar’s total exports of goods, including both domestic exports and re-exports, amounted...

01/12/24