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Qatar Tribune
13 hours ago
- Business
- Qatar Tribune
QR270 bn invested to operate 1004 factories in Qatar: MoCI
Tribune News Network Doha The Ministry of Commerce and Industry (MoCI) organised a ceremony to honour the companies and entities that contributed to the success of several national initiatives – including the National Product Week, the Foras (Opportunities) Initiative, the Discounted Consumer Goods List for Ramadan, and the Red Meat Support Initiative in Ramadan and Eid al-Adha of 1446 AH (2025). The event was attended by Assistant Undersecretary for Industrial Affairs and Business Development Saleh Majid Al Khulaifi and Assistant Undersecretary for Consumer Affairs Hassan bin Sultan Al Ghanim along with representatives from participating entities, companies, and factories. In his speech, Al Khulaifi highlighted the ministry's efforts to empower the private sector as a key partner in driving economic growth and diversification. He noted that Qatar's industrial sector is experiencing rapid expansion, with 1,004 operational factories by the end of 2024 with cumulative investments to the tune of QR270 billion. Al Khulaifi also referenced the '1,000 Opportunities' initiative, launched in partnership with Qatar Development Bank in 2022. As one of the ministry's key digital tools under the Single Window platform, the initiative helps local investors identify and engage with existing and future investment opportunities, particularly in the industrial sector. He went on to explain that Qatar's National Manufacturing Strategy (2024–2030) aims to increase the added value of the manufacturing sector to over QR70.5 billion, grow non-hydrocarbon exports to QR 49 billion, and raise industrial investments to more than QR 326 billion by 2030. The strategy also focuses on diversifying manufacturing activities by 50 percent and accelerating the transition to smart, knowledge-based industries. Speaking at the ceremony, Al Ghanim praised the success of the Discounted Consumer Goods List for Ramadan 1446 AH, describing it as a successful example of public-private collaboration. He noted that the initiative helped ease financial pressure on citizens and residents, while contributing to greater market stability. He reported that around 18 retail outlets participated in the initiative, offering an average 10 percent discount and generating consumer savings of QR5,317,311 on total estimated sales of QR52,712,765. Al Ghanim also highlighted that total sales of consumer goods during Ramadan reached QR 47,395,454, reflecting strong demand for discounted products. He added that 2025 saw the highest sales since the initiative was launched, underlining a growing public awareness of the benefits of such national programmes. He emphasised that the success of the initiative demonstrates increased recognition of the importance of partnership in protecting consumers. 'Consumer protection is not the responsibility of a single entity, but a shared duty that requires coordinated action from all stakeholders,' he said reaffirming the Ministry's commitment to creating a fair, transparent, and secure consumer environment. Meanwhile, Mohammed Ahmed Al Buhashem Al Sayyid, director of the National Product Competitiveness Support Department, expressed his pride in the achievements of the National Product Week. He described it as a flagship annual event that showcases the quality of Qatari products and boosts their visibility in the local market. Al Sayyid noted that the most recent edition saw significant consumer participation, with some outlets reporting up to a 75 percent increase in sales. This, he said, reflects growing consumer confidence in locally made products and increasing awareness of the importance of supporting national industries. He also announced the launch of a dedicated webpage for Qatari products on the ministry's official website – allowing factories to apply for the 'Qatari Product' label and to file complaints regarding harmful commercial practices and industrial obstacles, reinforcing fair competition. Reviewing the growth of the industrial sector, Al Sayyid stated that the number of national products has risen to 1,815—evidence of the success of the Ministry's industrial policies in line with Qatar NationalVision 2030. The ceremony included a video presentation highlighting the ministry's key national initiatives launched over the past year, along with their developmental and economic goals. The event concluded with the formal recognition of participating companies and entities in appreciation of their valuable contributions to national development and community partnership.
Zawya
24-02-2025
- Business
- Zawya
Qatar: Ministry of Commerce and Industry launches 'National Product Week'
Doha, Qatar: The Ministry of Commerce and Industry (MOCI) on Sunday launched the "National Product Week" to raise awareness of the importance of national industries and encourage consumers to support national products, thereby contributing to sustainable development. In his speech on this occasion, Assistant Undersecretary for Industrial Affairs and Business Development at MOCI, Saleh Majid Al Khulaifi said that "National Product Week" is one of the significant initiatives to support national industry, as it highlight the quality of Qatari products and enhances their competitiveness in local and regional markets. He added that this event reflects MOCI's commitment to supporting the industrial sector, in line with the Qatar National Vision 2030. Al Khulaifi said that "National Product Week" serves as an occasion to enhance cooperation between the public and private sectors, as it allows local companies to showcase their products and highlight their competitive potential. He added that the occasion underscores the achievements made in various industries, strengthening the national economy and increasing the competitiveness of local products, especially in the manufacturing sector. The Assistant Undersecretary for Industrial Affairs and Business Development at MOCI said that through its manufacturing industries strategy, the ministry is implementing 15 major initiatives, which include more than 60 developmental projects, aiming to improve the efficiency of the industrial sector and increase investment in it. He added that some of the strategy's goals include raising the industrial sector's contribution to the national economy, increasing the value of non-hydrocarbon exports, and improving Qatar's ranking in the Competitive Industrial Performance (CIP) index. For his part, Director of the National Product Competitiveness Support Department at MOCI, Dr. Mohamad Ahmad Al Sayed stated that through this initiative, the ministry seeks to enhance the ability of local companies and manufacturer to compete, which contributes to achieving economic sustainability. He pointed out that the initiative has achieved positive results in recent years, with retail outlets recording a 75 percent increase in sales of national products during the previous edition. Dr. Al Sayed added that MOCI launched a National Product web page on the ministry's website, allowing local factories to request obtaining the Qatari Product logo, a symbol of consumer trust, enhancing the position of local products in the market. The page also provides a platform to file complaints related to harmful international trade practices and industrial constraints, thus, creating a fair, competitive environment that promotes national production sustainability. The Director of the National Product Competitiveness Support Department at MOCI said that recent years have seen noticeable growth in the number of national products and factories, with the number of national products increasing from 1,727 in 2023 to 1,814 in 2024, arriving at 1,815 products thus far this year. Dr. Al Sayed noted that the industrial sector also witnessed growth in terms of the number of factories, from 58 factories in 2023 to reach a total of 929 factories, followed by an additional 64 factories in 2024, bringing the total to 993 factories, with one additional factory registered this year, bringing the total number to 994 factories. Attended by several government body and private sector representatives, the launching ceremony featured a presentation about the national product, in addition to specialized workshops, including one on combating harmful trade practices presented by MOCI and a project development services workshop by Qatar Development Bank. Through this event, MOCI continues its efforts to support and empower the private sector, build trust in the national product, and encourage small and medium-sized enterprises to grow and expand in both local and global markets. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
