Latest news with #InvestmentPromotionAgencyQatar
Qatar Tribune
18-05-2025
- Business
- Qatar Tribune
Qatar records over $2.7bn in FDI in 2024, creating over 9,000 jobs
Tribune News Network Doha The Investment Promotion Agency Qatar (Invest Qatar) released its 2024 Annual Report on Sunday, showcasing a strong year of investment growth, global engagement and continued momentum in positioning Qatar as a leading global business hub. Highlighting a year of robust economic growth, strategic policy reforms and enhanced investor confidence, Qatar attracted $2.74 billion in foreign direct investment (FDI) in 2024 through 241 projects, which created 9,348 jobs. These results reflect Qatar's accelerated momentum in transforming its economy in line with the Third National Development Strategy (NDS3), with 95 percent of total FDI capex directed toward greenfield projects, affirming the country's commitment to diversification. Minister of Commerce and Industry and Chairman of the Advisory Council HE Sheikh Faisal bin Thani bin Faisal Al Thani said, 'Guided by the Third National Development Strategy (NDS3), Qatar is paving the way for a sustainable, innovative and secure future. The results in this year's report reaffirm our efforts to attract high-quality investments, strengthen economic resilience and enable private sector growth. Qatar remains committed to building a diversified, knowledge-based economy that offers exceptional opportunities to both Qataris and the global community.' Invest Qatar CEO Sheikh Ali Alwaleed Al Thani said, '2024 has been another successful year for Invest Qatar, marked by significant milestones that reinforce our commitment to positioning Qatar as a premier global business hub. Through over 1,200 investor and stakeholder meetings, 120 fact-finding trips, the successful attraction of more than 30 companies, and the introduction of innovative digital tools like we have made strides in fostering investment, innovation and sustainable growth. As we present this annual report, we celebrate these achievements and look forward to building on this foundation to drive further economic opportunities and advancements in the years ahead.' Key investment activity spanned a range of priority sectors, including electric power generation, which accounted for the largest share of capital expenditure at 40.1 percent($ 1.1 billion), followed by retail and wholesale trade, data processing and hosting, and scientific research and development. This growth was driven by Qatar's continued efforts to improve the business environment, launch new digital services and streamline licensing procedures across multiple sectors. The year also saw a rise in Qatar's international competitiveness, with the country climbing to 11th in the IMD World Competitiveness Index 2024, improving to 28th in the Global Economic Freedom Index and advancing to 24th in the DHL Connectedness Index. Notable improvements were also seen in logistics and infrastructure, with Qatar ranking 14th in the Logistics Competence sub-index and 19th in the Logistics Infrastructure sub-index of the World Bank's Logistics Performance Index. In a strategic move to enhance the transparency and efficiency of foreign direct investment (FDI) monitoring, Invest Qatar has launched the FDI Projects Monitor in collaboration with fDi Markets. The monitor tracks FDI projects that have been publicly announced since 2017, presenting over 1,000 FDI projects, that have generated over 73,000 jobs and more than $50 billion in capital expenditure. This innovative tool is designed to provide accrate, real-time FDI data, essential for informed decision-making and fostering economic growth. The monitor also provides an interactive investment map that tracks the locations of FDI projects, providing key insights about the involved companies, job creation statistics and capital expenditure figures, along with sector and source country breakdowns. Additional resources include updates on business environment developments and access to the latest FDI reports with an option to generate custom reports.
Zawya
25-02-2025
- Business
- Zawya
Yuno expands its global presence with a new regional headquarters in Qatar
Doha, Qatar: Yuno, the world's leading payment orchestration platform, and the Investment Promotion Agency Qatar (Invest Qatar), today announced a partnership that will accelerate Yuno's expansion into the Middle East, with the establishment of a new regional headquarters in Qatar. This landmark move—unveiled at Web Summit Qatar 2025—aligns with Qatar's Third National Development Strategy that aims to diversify the economy through the cultivation of innovative sectors such as FinTech and Yuno's vision to drive global commerce forward by enabling secure, scalable and seamless payment solutions for businesses of all sizes. Invest Qatar will assist Yuno to establish its operations in Qatar, connect the company with key stakeholders and provide ongoing support to foster the growth and sustainability of its business in Qatar and the region. Driven by a shared commitment to nurturing talent, the partnership provides a framework for the two organisations to collaborate on attracting highly skilled talent, advancing local talent through the exchange of knowledge and best practices and developing joint initiatives to foster innovation and growth of the local fintech ecosystem. Sheikh Ali Alwaleed Al-Thani, CEO, Invest Qatar, said: 'This partnership with Yuno exemplifies our dedication to creating a thriving FinTech ecosystem underpinned by high-skilled talent, innovation and technological advancement. Through this collaboration, we are paving the way for advancements that will not only benefit our economy but also elevate Qatar's standing as an emerging global business hub.' Juan Pablo Ortega, Co-Founder and CEO of Yuno, said: 'Our expansion into the Middle East and the establishment of our regional headquarters in Qatar mark a pivotal step in Yuno's global growth strategy. The region's vibrant and rapidly evolving payments ecosystem aligns perfectly with our mission to enable businesses to accept and make payments anywhere in the world—quickly, securely and cost-effectively.' Strategic Expansion into the Middle East The Middle East's e-commerce sector, valued at $1.888 trillion in 2024, is expanding at a pace that surpasses growth in the US and Europe, fueled by a rapidly evolving digital payments ecosystem. As the fastest-growing real-time payments market globally, the region is experiencing a surge in mobile wallet adoption, mobile banking and progressive government-backed payment systems. The increasing number of payment options and complex regulatory environments create challenges for businesses, highlighting the need for a unified platform to streamline transactions. Qatar's strategic location and advanced digital infrastructure make it an ideal launchpad for companies looking to expand in the Middle East. The country's fintech-friendly ecosystem, supported by government-backed commitments to financial inclusion and regulatory modernisation, also aligns with Yuno's long-term goals of enabling frictionless global commerce. As Yuno establishes its regional headquarters, the company will continue to work closely with local partners to develop tailored solutions that address the specific needs of businesses operating in the Middle East. By leveraging advanced technologies, including AI-driven fraud detection and smart transaction routing, Yuno aims to support the region's evolving financial ecosystem. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
20-02-2025
- Business
- Zawya
Invest Qatar, Invest India lay foundations for broader cooperation to attract, facilitate investments
NEW DELHI: CEO of Investment Promotion Agency Qatar (Invest Qatar) Sheikh Ali bin Alwaleed Al Thani emphasized that the signing of the Memorandum of Understanding (MoU) between Invest Qatar and the National Investment Promotion and Facilitation Agency of India (Invest India) opens promising horizons and new opportunities for a qualitative leap in cooperation across various sectors, contributing to sustainable economic growth in both countries. Following the signing of the MoU with the Managing Director and CEO of Invest India Nivruti Rai, Invest Qatar CEO said that India has always been a key trade and investment partner for Qatar, adding that by strengthening ties between the business communities and facilitating investment, the commitment to making Qatar a global investment hub is stressed, in line with Qatar National Vision 2030. Nivruti Rai commented on the new partnership, saying that India is one of Qatar's most important investment partners, with the partnership extending over 50 years in key sectors such as renewable energy, metals, and IT services. During the Joint Working Group meeting held in Doha last year, the two countries identified high-potential industries for business cooperation, including pharmaceuticals, food products, infrastructure, technology, smart cities, and advanced industries, adding that Invest India is looking forward to deepening the relations with Invest Qatar to support the national priorities of both countries. The MoU establishes a foundation for cooperation in attracting and facilitating investments, exchanging knowledge and expertise, and applying best practices related to investment laws and regulations in both countries. It represents a pivotal step in the bilateral investment relations and enhances economic and trade cooperation between the two countries. Under the MoU, Invest Qatar will work closely with the Indian side to provide mutual support by facilitating business establishment, enhancing communication with relevant entities, and offering follow-up and care services for investors after establishing their businesses. The partnership also sets a framework for joint initiatives, including training programs, trade events, and conferences, aiming to strengthen ties between the Qatari and Indian business communities. Invest Qatar oversees activities to promote and attract foreign investment to Qatar. Established in 2019, the Agency's mission is to enhance Qatar's position as an ideal investment destination and attract and facilitate investments that support the country's development and economic diversification journey. Invest India, established in 2009, is the national agency responsible for promoting investment in India. It acts as a guide, facilitator, and primary point of contact for investors and entrepreneurs seeking to collaborate with India. © Copyright Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (
