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.
Related Articles
UAE e-commerce market reached $8.8bn in 2024
The e-commerce market in the United Arab Emirates reached AED32.3bn ($8.8bn) during 2024, with projections to grow to more than AED50.6bn ($13.8bn) by 2029, according to a new report. Emirates ... more
HKN and ONEX agree deal for KRG’s Miran field
A new impetus for the development of Iraqi Kurdistan's Miran gas field has materialised, as US firm HKN Energy and the ONEX Group confirmed a binding term sheet with the Kurdistan Regional ... more
Oman LNG signs sales and purchase agreement with Vitol
State-run Oman LNG has signed a sales and purchase agreement (SPA) with Swiss-based Dutch multinational energy and commodity trader Vitol, the company revealed on May 19. Under the terms of the ... more
Most Read
-
Armenia courts African countries to supply diamond industry
1 month ago
-
Russia’s Alrosa finds its largest diamond ever, as Mirny mining operations restart
13 days ago
-
COMMENT: Embracing “Greater Central Asia” has become a strategic imperative for US
24 days ago
-
From blood diamonds to critical minerals: Sierra Leone’s mining transformation
1 month ago