Qatar’s massive boom in largescale infrastructure projects provides a great opportunity for local factories and companies to supply the required materials for the completion of national projects. This also enhances the competitiveness of local manufacturers as they develop their products according to international standards while also reaching global markets, Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani said yesterday.
He was speaking at the opening of the ‘Supporting Local Manufacturers Forum’ which was held in the presence of the Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari. The forum, which was organized by the Public Works Authority (Ashghal) in collaboration with the Qatar Chamber (QC), aims to encourage reliance on national products in the implementation of Ashghal’s projects, as well as to encourage the local companies to participate in the country’s infrastructure projects. The event also aims to introduce Qatari manufacturers to Ashghal’s projects and their requirements for various materials.
The Forum was also attended by Ashghal President Dr. Eng. Saad bin Ahmad Al Muhannadi, Ministry of Commerce and Industry Assistant Undersecretary for Industry Affairs Mohammed Hassan Al Malki, QC First Vice-Chairman Mohamed bin Towar Al Kuwari, Qatar Businessmen Association Board Member Sheikh Nawaf bin Nasser Al Thani, QC Board Member Sheikh Hamad bin Ahmed Al Thani, Qatar Development Bank CEO Abdulaziz bin Nasser Al Khalifa, and other representatives of concerned entities, Ashghal affairs directors and department managers, a number of Qatari manufacturers, as well as a number of Ashghal’s Qatari contractors.
In his speech, Sheikh Khalifa stressed the importance of empowering national industries and local products to be the best option for governmental entities in implementing mega projects in the country. He also expressed his full confidence that the Qatari private sector and local factories are able to contribute to addressing the needs of the projects implemented by Ashgal, thus enhancing the true partnership between the public and private sectors.
He went on to reiterate the importance of encouraging investors to invest in the construction of new factories that contribute to the requirements of current and future state projects. Also speaking during the event, Al Khalifa said: “Qatar Development Bank’s strategy works to support Qatari manufacturers and open local markets to them.
QDB is keen to translate these plans through a series of various programs and initiatives such as leasing the complete and ready-to-operate industrial facilities “Jahiz 1 and Jahiz 2” initiative to help them turn their ideas into tangible goods and products.
The “Business Localization” service identifies business opportunities and investments from government, semi-governmental and private entities. We also organize exhibitions and conferences that contribute to communication with major buyers. We aspire to continue emphasizing our strategy through these platforms that serve the country’s objectives of self-sufficiency and diversification of the economy in line with Qatar’s National Vision 2030.”