News

Qatar’s construction sector witnesses strong recovery

Qatar’s construction sector is on the verge of a strong recovery according to data prepared and provided by the Planning & Statistics Authority (PSA). The number of building permits issued is an important indicator of the performance of the construction sector.

It includes the number of permits approved for residential and non-residential...

31/01/21

Business Start Up Qatar announces new collaboration with CloudRPO

Business Start Up Qatar is pleased to announce the formalization of the collaboration and cooperation with CloudRPO in the State of Qatar.

CloudRPO is a revolutionary Algorithm-based ecosystem, that organizes the dealings of employers with recruiters across the world.

The proprietary technology of the platform is human-free, completely transparent and enables...

28/01/21

Qatar`s North Field expansion to drive construction beyond 2022

Qatar`s North Field expansion will create billions of Qatari Riyals worth of construction activity and boost the State of Qatar’s recovery from the pandemic.

Construction has been a key driver of growth in recent years. The economy is expected to rebound by 2.5% in 2021 due to public spending on infrastructure for the 2022 FIFA World Cup and related to...

28/01/21

QDB continues to support small and medium-sized enterprises

Qatar Development Bank (QDB) is a key stakeholder for the promotion and support of small and medium-sized enterprises (SMEs) in the State of Qatar.

The advancement and enhancement of the sector of small and medium-sized enterprises is key to the ambitions of the country to diversify the economy and part of the National Development Strategy 2018 – 2022 (NDS 2018 – 2022) and the[ Qatar National...

26/01/21

QFC announces a 63.7% increase in new firms in 2020

The Qatar Financial Centre (QFC) increased its year on year growth by a record of 63.7% in the number of new firms registered in 2020 compared to 2019. The data indicates that 334 organizations were licensed in 2020 compared to 200 organizations in 2019. The latest developments make the QFC move closer to achieving its goal of licensing 1,000 firms in 2022 in line with its 2022 Strategy.

The new...

23/01/21

QFC aims for QAR 91 billion of foreign direct investments by 2022

The Qatar Financial Centre (QFC) aims for QAR 91.25 billion (USD 25 billion) of foreign direct investments (FDIs) by 2022. It will translate into the creation of 1,000 new companies and over 10,000 new jobs in the State of Qatar.

These ambitions were announced a week after diplomatic, trade and travel ties were reinstated between neighbouring countries in the GCC....

21/01/21

MoCI announces investment opportunities to develop beach resorts in Qatar

The Ministry of Commerce & Industry (MoCI) has announced investment opportunities for the private sector to develop three beach resorts in Fuwairit, Ben Ghanem and Ras Abrouq.

The joint initiative, a cooperation between the MoCI and the Qatar National Tourism Council (QNTC), is the first of its kind and falls within the...

19/01/21

QFTH hosts demo day for first wave and unveils second wave

Qatar FinTech Hub (QFTH) has announced that demo day for the first wave of its incubator and accelerator programmes will take place virtually on the 18th of January, 2021. The initiative is supported by Qatar Development Bank (QDB), Qatar Financial Centre (QFC) and Qatar Central Bank (QCB).

It will be one of the biggest fintech events in the region and is set to be a platform for the key players...

17/01/21

MOTC highlights role of new technologies

The Ministry of Transport & Communication (MOTC) is contributing to a vibrant information and communications technology (ICT) sector in the State of Qatar.

The most recent virtual forum with the title “New Technologies and Digital Transformation” emphasized the role of new technologies in accelerating the digital transformation. It discussed the concepts, policies, tactics and strategies, challenges...

14/01/21

Qatar Chamber expects a year of economic recovery in 2021

Qatar Chamber's Research and Studies Department expects 2021 to be a year of recovery for Qatar's economy (from the impact of Covid-19) with an increase in the GDP of 2.2% compared to a decrease of 2.6% in 2020 according to the budget's main indicators.

The budget for 2021 anticipates a total revenue of QAR 160.1 billion (USD 43.9 billion) and total expenditures of QAR 194.7 billion (USD 53.3 billion)...

12/01/21