The Ministry of Commerce and Industry announced the launch of investment opportunities to develop three beach resorts in the country, in partnership between the government and private sectors, in three regions Fuwairit, Bin Ghanem and Ras Abrouq.

This came in a meeting organized by the Ministry of Commerce and Industry, in cooperation with the Qatar National Tourism Council (QNTC), on Thursday for investors concerned with the tourism sector.

The meeting was held at the Doha Exhibition and Convention Center and featured the offering of investment opportunities to develop three beach resorts in Qatar in Fuwairit, Bin Ghanem and Ras Abrouq in the framework of a public-private partnership.

The initiative to offer investment opportunities to establish beach resorts falls within the public-private partnership framework, which is part of the State's efforts to achieve the Qatar National Vision 2030 (QNV 2030). The QNV 2030 aims at consolidating economic diversification and supporting non-oil sectors, especially the tourism industry which plays an important role in strengthening Qatar's leading position as one of the most prominent tourist destinations regionally and globally.

Assistant Undersecretary for Commerce Affairs at the Ministry of Commerce and Industry Saleh bin Majid Al Khulaifi praised the level of cooperation between the Ministry and the National Tourism Council.

Al Khulaifi said the initiative to offer investment opportunities to establish beach resorts in partnership between the public and private sectors was the first of its kind in Qatar and represented an important step in supporting the private sector and enhancing its contribution to achieving the National Vision.

He further stated that the public-private partnership, organized under Law No. 12 of 2020, was based on a solidly-founded, principled partnership. This partnership allows government sector entities to focus on their specialties, preserve State resources and rationalize their use, he added.

Al Khulaifi said it ensures that the government does not compete with private sector institutions and companies and allows both to play key roles as vital partners in shaping the national economy's future.

He noted that the Ministry, in cooperation with QNTC, had taken the initiative to determine the requirements to establish beach resorts in three regions. The Ministry is well-aware of the importance of stimulating the tourism industry and attracting tourism investments in areas that would support the contribution of local tourism to the economy's non-oil GDP. Through this initiative, the Ministry aims to make local tourism the main contributor to achieving Qatar's economic diversification.

Source: QNA

Cover image credit: Ministry of Commerce and Industry

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Binu Cherian

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