Photo: Qatar Tourism
The '1,000 Opportunities' initiative by the Ministry of Commerce and Industry (MoCI) — which aims to create more opportunities for local investors — has been successful as 713 applicants have applied so far to benefit from the service.
This service gives local investors opportunities to invest in major foreign and local companies operating in Qatar.
The initiative launched by the Ministry earlier this year had received 346 applications by August 2022, while 367 more applicants expressed their interest in the service in the last four months, according to data on the Ministry’s website.
The 1,000 Opportunities opens new horizons for the private sector and enhances partnership between the public and private sector in Qatar. Some of the companies part of initiative include Match Hospitality, McDonald’s, CCC Contracting, Lulu Hypermarket, Americana, Alshaya Group, Power International and General Electric.
QC Chairman Sheikh Khalifa bin Jassim Al Thani said earlier at an event that the ‘1,000 Opportunities' initiative offers small and medium-sized enterprises (SMEs) the opportunity to develop their products and services and become more competitive in the Qatari market.
He said that enhancing the level of competitiveness will be advantageous to stakeholders in the private sector, allowing them to play a larger role in Qatar’s economic activity. He had called upon Qatari investors and businessmen to get acquainted with this vital initiative by visiting the Single Window website to learn about the available opportunities which include all economic sectors.
The initiative would contribute to the localization of supply chains and increase the dependence of local products.
The national initiative also contributes to raising the dependence on local products, especially in 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 products, which have become more competitive than imported products in terms of price and quality.
Highlighting the public and private partnership, an official said earlier there was no doubt that the ‘1000 Opportunities’ initiative was of special importance in enhancing the genuine partnership between the public and the 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 contributes 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.
