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Number of factories in Qatar jumps by 6% in 2020

Business Doha 28 Feb 21
Number of factories in Qatar jumps by 6% in 2020
The industrial sector in Qatar was able to pushback against the debilitating impacts of the COVID-19 pandemic and emerged victorious in the face of some extreme odds.
Fee
Event Location
Qatar , Qatar
Area
Doha
Start Time
28 February 2021, 12:00 AM
End Time
31 March 2021, 12:00 AM
Website

When factories around the world struggled to continue, last year saw the number of factories expand by 6 percent to 927, according to Minister of Commerce and Industry HE Ali bin Ahmed Al Kuwari.

The total volume of investments in the industrial sector in 2020 amounted to approximately QR263 billion, notching a growth rate of 0.4 percent compared to 2019.

Addressing a lecture on national economy and its role in supporting defence efforts at the Joaan bin Jassim Joint Command and Staff College, Kuwari laid out several figures that highlighted the commendable performance of the country’s industrial sector.

Electronic procedures made through the Single Window platform witnessed a 56 percent growth in 2020, compared to 2019, and the percentage of digital transformation amounted to 62 percebt, an increase of 22% compared to 2019.

H.E. shed light on the legislation put in place by Qatar to attract and encourage investment, including the law regulating the Public-Private Partnership, which contributed to enhancing investment prospects in the country and providing the appropriate legislative framework to improve governance, risk management, and enhance competition and innovation.

H.E. further stated that this law provided investors with the opportunity to finance, develop, and operate projects in a variety of priority sectors, including food security, sports, tourism, health, education, and logistics. In this regard, H.E. spoke of signing the government schools package contract (establishing eight schools), and launching the tourist resorts project, spanning an area exceeding 450,000 square meters.

Qatar business news 2021Qatar factories increase 2020



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