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Posted On: 9 September 2018 09:29 am
Updated On: 12 November 2020 02:19 pm

Qatar to invest QR60bn worth projects over next four years

Khadiza Begum
Khadiza Begum
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The combined value of Qatar’s proposed projects in infrastructure and real estate sectors for the next four years is QR60bn.

This is in addition to a QR2bn in terms of developing food security projects for the period, Khamis Ahmed Al Mohannadi, Chairman, Private Sector Development and Support, told The Peninsula on the sidelines of Qatar-Germany Business and Investment Forum, on Friday.

In the food security sector alone, Khamis said, 12 huge projects are in pipeline. Foreign investors have huge opportunities in developing greenhouses, shrimp farms, organic farming with local partnership. The shrimp farming project aims to achieve self-sufficiency of about 90 percent of the of the local market demand.

Khamis said projects related to food security topped the list of proposed projects. The initiative comes as part of the government’s efforts to reach self-sufficiency in food, agricultural, livestock and industrial products.

There are huge investment opportunities available in logistics, health, education and some key projects related to the industrial sector. There are many other areas as well in which private sector can play a critical role in Qatar. Currently, over 300 German companies are directly operating in Qatar. They are mainly into technology, infrastructure and transportation. “We want more and more German companies to get involved in the opportunities available in Qatar’s private sector,” he said.

Participating in a panel discussion, Salman Mohammad Kaldari, Chairman, The Single Window, said the Qatar Single Window will be supporting foreign investors during all stages of their investment plans, including registration and licensing and operating their businesses with the least effort.

“The Single Window wants to make sure the foreign investors are free from procedural wrangles before entering into Qatar. The entity will act as the trusted advisors to the investors and offer all the required services and information needed by them in order to start doing business in Qatar.

It will be the single point of contact for the investors while delivering all business licensing and registration services on behalf of the Qatari government in One Stop Shop.”

The Single Window has launched an online service to help connect the German investors with local Qatari investors.

The German companies can simply publish their profile on it and the Single Window team will connect them to the local investors and businesses in Qatar that matches their criteria and preference.

The foreign companies that want to market their products inside Qatar or want to import local products from Qatar or those who need Qatar as a hub to re-export can reach out to the Single Window.

For instance, if trading is the specialty of a foreign company and looking to market its products or brands in Qatar and expand its distribution channels, the Single Window will help this foreign company connect with local dealers and agents in Qatar.

Source: The Peninsula Qatar