Doha: Qatar’s private sector continued its growth and competitiveness as its exports continued to grow to its levels before the pandemic. The value of private sector exports in the first nine months of the last year jumped to QR20.8bn, registering an increase of 90 percent compared to the first nine months of 2020, according to the January 2022 issue of Al Moltaqa magazine.
The Qatari private sector exports amounted to QR12.3bn in the first half of last year, showing a growth of 56 percent compared with QR7.9bn in the same period of 2020.
“The year 2021 was a year of economic recovery for Qatar economy, especially with easing of the restrictions imposed on travel and business activities, since mid 2021, in addition to the allocation of a QR75bn stimulus package for the support of the private sector. Qatar Chamber continued its efforts to support and develop the business sector in the country and encourage investment and facilitate its growth,” noted the issue.
“It kept pace with the achievements of the State and succeeded in proving its role as a representative of the Qatari private sector and its goal is to work to support, promote, develop and protect the interests of companies and institutions as the voice of the business community in the country,” it added.
QC also continued to provide its services to the Qatari business community during the COVID-19 pandemic and participated in the governmental efforts made by the State to limit its spread and contributed to helping the private sector play its role during the crisis.
Al Moltaqa noted, on the level of technical development and digitisation, the Chamber strengthened its digital structure and worked to add further development to the services provided to the business community to facilitate its members and its affiliated companies and institutions, as well as provided all possible means to communicate with them and complete their transactions with ease and professionalism.
It launched more electronic services on its website such as listing companies in the Qatar Chamber Commercial and Industrial Directory, creating a profile for each company and companies wishing to identify Qatari companies as well as Qatari companies wishing to establish businesses outside Qatar, the issue said.
Globally the year 2021 has witnessed a gradual ease for the restrictions and precautionary measures that were imposed by world countries to curb the speed of COVID-19. This was accompanied with the return of travel and trade and a global economic recovery and a global economic recovery from the implications of the pandemic, as IMF projected for the global economy to grow 5. 9 percent compared to QR11bn in the same period of 2020.
