Qatar, 11 January, 2025 : Qatar has launched two key strategies to drive sustainable economic growth and enhance Qatar National Vision 2030. The Ministry of Commerce and Industry (MoCI) Strategy and the Qatar National Manufacturing Strategy 2024–2030 were officially inaugurated by HE Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani.
HE Minister of Commerce and Industry Sheikh Faisal bin Thani al-Thani outlined the goals of achieving a 3.4% annual growth in non-hydrocarbon GDP and attracting $100 billion in foreign direct investments by 2030. The strategies aim to diversify economic sectors, promote innovation, support SMEs, and foster public-private partnerships.
The MoCI Strategy is built on four pillars: institutional excellence, business environment improvement, local industry and trade development, and consumer protection. It features 216 projects focused on increasing competitiveness, boosting industrial productivity, and integrating sustainable practices.
The Qatar National Manufacturing Strategy targets raising the manufacturing sector’s output to QR70.5 billion, non-hydrocarbon exports to QR49 billion, and annual industrial investments to QR2.75 billion by 2030. It also aims to diversify industries, enhance green and smart technologies, and position Qatar among the top 40 countries in the Industrial Competitiveness Index.
Both strategies align with Qatar’s Third National Development Strategy and aim to strengthen its regional and global economic competitiveness while ensuring sustainable growth.
Source : www.zawya.com
