News

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

Qatar's Government unveils Procurement Plan Forum 2025

Qatars Ministry of Finance, in collaboration with the Ministry of Commerce and Industry, Qatar Development Bank and Qatar Chamber, recently hosted the second edition of the Government Procurement Plan Forum.

The event highlights Qatar's commitment to fostering a robust and diversified economy by strengthening the private sector's role as a key driver of...

24/11/24

Qatars MoCI and Invest Qatar discuss private sector challenges

Qatars Ministry of Commerce and Industry (MoCI) recently joined forces with Invest Qatar to host the second annual Government Sector Forum. The Forum was attended by key government officials and saw participation from over 50 representatives from 26 different government agencies.

Most importantly, this collaborative event aimed to assess the previous year's achievements and outlined a progressive...

17/11/24

Qatar’s land transport sector Sees 75% surge in transactions

Qatar's land transport sector demonstrated remarkable growth in the first nine months of 2024 with the Ministry of Transport executing a total of 9,238 transactions. This marks a 17% increase from the previous quarter and an impressive 75% rise compared to the same period last year. Notably, the third quarter recorded the highest activity, with 3,473 transactions, followed closely by the second and...

10/11/24