Latest news with #QatarNationalManufacturingStrategy
Arab News
29-04-2025
- Business
- Arab News
Qatar attracts $13.8m industrial investments in Q1
JEDDAH: Qatar recorded 50 million riyals ($13.8 million) in new industrial investments and a 32 percent rise in commercial registrations in the first quarter of 2025, underscoring momentum in its economic diversification and reform agenda. At its quarterly meeting held on April 28 and chaired by Minister of Commerce and Industry Sheikh Faisal bin Thani Al-Thani, the ministry reviewed key performance indicators and introduced several policy updates aimed at bolstering the business environment. Among the major reforms highlighted were streamlined company registration procedures for foreign investors and simplified environmental permitting processes. 'The meeting also discussed cooperating with the Ministry of Transport to include logistical activities under a single commercial registration; and announcing the automatic issuance of a tax card upon issuing a commercial registration,' the ministry said in a press release. In January, Qatar unveiled two major policy frameworks: the Ministry of Commerce and Industry Strategy and the Qatar National Manufacturing Strategy 2024–2030. Under the theme 'Achieving Sustainable Economic Growth,' the initiatives are aligned with Qatar National Vision 2030 and aim to enhance private sector participation, expand manufacturing capabilities, and attract foreign direct investment. The strategies target a 3.4 percent compound annual growth rate in non-oil sectors by 2030 and aim to secure $100 billion in foreign investment, while promoting an innovation-driven economy. As part of its efforts to support local industry, the ministry launched a new 'National Product' webpage to promote fair competition and improve product quality. The verification period also began for factories seeking benefits under the In-Country Value Plus policy. 'The meeting further discussed the key performance indicators for various sectors and administrative units. Results showed that the contribution of the manufacturing sector to real gross domestic product reached 52.4 billion riyals in 2024,' the ministry said. Qatar also made notable gains in global competitiveness, climbing from 18th in 2022 to 11th in 2024 in the International Institute for Management Development's business efficiency rankings. During the first quarter, the ministry conducted 39,558 inspection campaigns and reported significant progress under the Third National Development Strategy. 'The meeting also reviewed the progress of projects under the Third National Development Strategy – concluding that 17 percent of the ministry's projects were completed and work is ongoing on 23 percent of projects,' the report said. Efforts to reduce service fees and simplify business registration for overseas investors have contributed to an 87 percent increase in new commercial licenses compared to the same period in 2024. The time required to issue commercial registrations has also decreased significantly. 'Furthermore, the increase of permissible activities for home-based businesses from 10 to 63 activities led to a 54 percent surge in the number of home business licenses,' the ministry noted. The Single Window platform introduced three new e-services in the first quarter, with 38 additional services scheduled for rollout later this year, supported by strong user satisfaction. 'Local patent applications, trademark registration applications, and copyright registration applications grew by more than 18 percent compared to the first quarter of 2024,' the statement added. On the industrial front, eight new factories were launched in Q1, and non-hydrocarbon industrial exports reached approximately 29.8 billion riyals. The ministry also began reviewing six potential public-private partnership opportunities. In consumer affairs, authorities ramped up inspection and awareness campaigns to deter trade violations and reviewed the nation's strategic stockpile and food and fodder security. The meeting was attended by Minister of State for Foreign Trade Affairs Ahmed bin Mohammed Al-Sayed, Undersecretary Mohamed bin Hassan Al-Maliki, assistant undersecretaries, and department directors. It concluded with a review of project milestones and discussions on overcoming implementation challenges while improving operational performance.
Zawya
19-02-2025
- Business
- Zawya
Qatar: Ministry announces opportunities to establish recycling factories in Al-Afja Area
Doha, Qatar: The Ministry of Municipality and the Ministry of Commerce and Industry (MOCI) announced offering opportunities to obtain land plots to establish specialized recycling factories in the Al Afja Recycling Industries Zone, with the aim of strengthening partnerships between the public and private sectors, to achieve an integrated system for the circular economy. This came during a joint press conference, held today at the Ministry of Municipality's headquarters, with the participation of Director of Waste Recycling and Treatment Department at the Ministry of Municipality Eng. Hamad Jassim Al Bahr and Director of Industrial Areas Department at MOCI Omar Jaafar Al Ali. Eng. Hamad Jassim Al Bahr said that opportunities to obtain land for the private sector come within the State of Qatar's plan to reduce, recycle and manage waste properly, to become a multi-use source for many products and industries. He noted that Al Afja Recycling Industries Zone currently holds 24 factories under construction and 16 existing factories that are specializing in recycling various types of waste, adding that the project offers wide investment opportunities that include the fields of recycling paper, wood, plastic, glass, used fabrics, electronic waste, animal waste and food waste, which contributes to enhancing industrial diversity in the country. Eng. Al Bahr indicated that this opportunity comes as part of Qatar's plan to enhance its ability to deal with the significant increase in the amount of waste resulting from urban and economic development, as well as to enhance partnerships between the private and public sectors to build a distinctive circular economy market. In turn, Director of the Industrial Development Department at MOCI Abdulla Al Maadeed said that this opportunity comes within the framework of the Qatar National Manufacturing Strategy 2024-2030, which was recently launched by the ministry, pointing out that that the strategy aims to boost the competitiveness of national industries and support the transition towards and circular economy, by adopting innovative solutions in recycling and optimal use of resources. The ministry continues its efforts to enhance the role of the private sector in developing sustainable industries, especially in the field of recycling, due to its positive impact in supporting the national economy and preserving the environment, he added. Al Maadeed pointed out that registration to take part in these opportunities will begin through the single window platform, starting from May 21 until Aug. 21, 2025, for a period of three months, to ensure the ease of procedures for investors who wish to establish waste recycling projects. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
