Minister of Commerce and Industry, H.E. Ali bin Ahmed Al Kuwari affirmed that Qatar has witnessed a significant expansion in the establishment of companies and factories in a number of vital sectors, especially the food sector, during the past two years, QNA reported.
In a statement following his participation in the opening of the Hannover International Industrial Fair 2019, the Minister said that the national product has succeeded in competing with many products imported from abroad and contributed to the achievement of self-sufficiency.
He said that the factories operating in the country witnessed remarkable growth after it rose to 809 factories, a big increase than it was before the blockade. He added that the number of projects that began production after the blockade imposed on the State of Qatar about is 116 projects.
The Minister noted that 690 industrial licenses were issued for the establishment of industrial projects, while the number of projects expected to start production during this year is about 60 projects.
He said that 362 projects have been attracted in the small and medium industries sector, while the total industrial land allocated in the mentioned area is about 739 industrial land.
He stressed that these indicators are the best evidence of the success of the State plans to support and enhance the contribution of national companies to diversify the national economy in line with the Qatar National Vision 2030.
He noted that these efforts are part of the economic policies adopted by the State to achieve comprehensive development through which it has devised sustainable solutions to enhance production efficiency, with a focus on the small and medium industries sector to build a solid economic base that meets the needs of the country and its citizens.
“The participation of the State of Qatar in the exhibition is of great importance as it forms part of the continuous efforts of the State to develop its industrial capabilities and capabilities. It is also an important occasion for promoting the promising investment environment provided by the State to investors and owners of international manufacturing companies, the Minister said.
He also praised the active participation of various government, semi-governmental and private sectors under the umbrella of the State of Qatar pavilion. “This exhibition provides an important window for Qatari businessmen, investors, and officials of major national companies to learn about the latest innovations and industrial technology.
On the sidelines of the Fair, the Minister met separately with Undersecretary of the Mexican Ministry of Economic Development Eduardo Infante, Annes Panier Rounachia, Minister of State at the Ministry of Economy and Finance of France as well as the Mayor and CEO of the City of Hanover Stefan Schostok.
Discussions during the meetings dealt with aspects of joint cooperation, especially in the fields of trade, investment and industry, and means of enhancing them.
The meetings also reviewed developments of the Qatari economy during the past years, and investment opportunities available in all sectors, besides investment incentives and legislation provided by the State of Qatar, including the Law on Non-Qatari Capital Investment in Economic Activity, and initiatives launched to support the private sector increase of foreign direct investment by attracting more companies to the Qatari market.