Qatar Aims for $5.7 Billion in Digital Investments by 2026, Pioneering Smart Country Initiatives

Qatar, February 26, 2024 :  Qatar's digital investments are poised to surge to $5.7 billion by 2026, a significant rise from $1.65 billion in 2022, according to a joint report by the Investment Promotion Agency Qatar (Invest Qatar) and the Ministry of Communications and Information Technology (MCIT). Titled 'Smarter Qatar: Embracing Emerging Technologies and Innovation, Improving Lives and Driving a Sustainable Digital Economy,' the report underscores Qatar's commitment to leveraging advanced technologies for its smart country transition. It highlights initiatives aimed at tapping into the booming global smart city market, projected to reach $7 trillion by 2030.

The report emphasizes Qatar's conducive ecosystem for technological development, supported by substantial government investments and comprehensive programs to nurture entrepreneurs and SMEs. Spearheading digital transformation efforts is MCIT’s TASMU Smart Qatar initiative, focusing on 15 priority technologies like Artificial Intelligence (AI) and Internet of Things (IoT) across sectors such as transportation, healthcare, tourism, and education, thus unlocking opportunities for sustainable growth.

Qatar, recognized for its digital infrastructure and commitment to innovation, is pioneering future-ready smart cities. With achievements such as the world's first commercially available 5G network and nearly 100% internet penetration, Qatar is strategically positioned for digital advancement. Initiatives like Msheireb Downtown Doha and Lusail City exemplify the integration of smart technologies and sustainable practices, aligning with Qatar National Vision 2030 to create connected, environmentally conscious urban centers.

Source : www.zawya.com