Doha: The ‘1000 Opportunities Initiative’ opens new horizons for the private sector and enhances partnership between the public and private sector in Qatar, a senior official has said.
Launched recently by the Ministry of Commerce and Industry (MoCI), the ‘1000 Opportunities Initiative’ is an electronic platform that allows local investors to secure investment opportunities from major international and local companies operating in Qatar, said Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al Thani in the May 2022 issue of Al Moltaqa magazine.
“The initiatives allow the local investors to get acquainted with the existing and future projects and opportunities that will meet the need whether in terms of products or services provided by local private sector companies. It constitutes a positive step that contributes to providing important economic and investment opportunities for the industry sector which witnessed considerable development over the recent years,” he added.
Highlighting the public and private partnership, the official noted that there is no doubt that the ‘1000 Opportunities Initiative’ is of special importance in enhancing the genuine partnership between the public and private sector, as well as activating the State’s business sectors, especially the SMEs to develop their products and services and become more competitive in the Qatari market. This initiative will contribute to providing an attractive environment by localising supply chains, increasing the efficiency of service providers, as well as encouraging, localising, and transferring knowledge to the national product.
The national initiative also contributes to raising the dependence on local products, especially in the light of the State’s strong interest in developing the industry sector, reducing dependence on imports, and increasing the efficiency and quality of the national product, which has become more competitive than imported products in terms of price and quality.
QC Chairman said: “QC highly supports such initiatives which pave the way for the private sector to enhance its role in the economic activity. Therefore, the Chamber recently hosted a seminar in collaboration with the MoCI to raise the awareness of business community and QC members about this initiative and help them benefit from it”.
Sheikh Khalifa added: “As part of its support for the private sector as a genuine partner in the State’s development process, the Chamber encourages local companies to take advantage of this initiative, especially since the Chamber strongly believes that the private sector should have a greater share in the investment opportunities available in the State after the great efficiency and leading role it showed during the COVID-19 crisis”.
