Over QR263bn invested in Qatar’s industrial sector in 2019

Doha: As Qatar is successfully implementing its economic diversification plans, Qatar’s industrial sector attracted QR263.8bn of investment in 2019.

The Government Communications Office (GCO) in a post on its Twitter handle highlighted importance, achievements and plans of Qatar National Vision (QNV) 2030 including the country’s economic diversification plans.

“Through its world-class infrastructure and dynamic private sector, Qatar continues to deliver on its ambitious plans to ensure a steadfast and diversified economy. QNV2030,” the GCO said in a tweet.

The post says that Qatar is delivering on its ambitious plans to develop a knowledge-based economy. Hamad International Airport and Hamad Port play key roles in linking together major economies, it added.

It said that Qatar Rail oversees one of the largest rail projects in the world while in 2019, Qatar’s industrial sector attracted QR263.8bn of investment. “There are over 900 factories operating in Qatar which allowed for rapid supply of PPE during the COVID-19 pandemic,” the video shared with the tweet said.

It says that Qatar is self-sufficient in dairy and expects to be 70 percent self-sufficient in vegetables by 2023. “Despite international economic uncertainty due to COVID-19, Qatar took unprecedented measures to fortify its economy providing the private sector with economic incentives amounting to QR75bn.”

In another tweet regarding Qatar’s commitment to sustainability and environment under Qatar National Vision 2030, the GCO said: “Qatar places the protection of the environment and its resources at the top of its priorities and works to build a sustainable future by maintaining a balance between economic growth and environmental development. #QNV2030.”

It said that protecting Qatar’s biodiversity is at the centre of Qatar National Vision 2030’s environmental development pillar. The 2022 FIFA World Cup will be the first carbon-neutral tournament of its kind setting a benchmark for environmental stewardship, it added.

“The State of Qatar has opened an Aquatic Research Centre contributing to the successful development of Qatar’s fisheries.” 

The GCO further said that Qatar develops its future cities with the environment in mind. “Msheireb Downtown Doha is the world’s first sustainable downtown regeneration project.”

As seen on Peninsula Qatar  Image Credits Peninsula Qatar