Investment promotion agency Invest Qatar has launched a $1bn programme aimed at accelerating investment inflows and boosting diversification of the Qatari economy, Reuters reported on May 21.
Announced during the 5th Qatar Economic Forum, the programme offers financial packages for local and international investors covering up to 40% of expenses such as setup costs, construction, leases and staff for a five-year period.
The first phase will offer four off-the-shelf packages designed to stimulate fresh investment, support the expansion and digitisation of existing facilities, create high-skilled employment, and promote knowledge transfer.
The Advanced Industries Package targets high-value, technology-intensive sectors such as pharmaceuticals, chemicals, automotive and electronics.
The Logistics Package encourages investments in infrastructure, automation and advanced logistics services, while the Technology Package seeks to develop the digital economy through support for cybersecurity, cloud computing, artificial intelligence and data-driven innovation.
The Lusail financial services package aims to advance fintech, insurance, asset and wealth management, while incentivising firms to establish offices in Lusail, the country's main financial district.
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