(MENAFN- The Peninsula) Irfan Bukhari |
The Peninsula
Doha: The '1,000 Opportunities' initiative of the Ministry of Commerce and Industry (MoCI) has been widely welcomed by investors, as 346 applicants have applied for it in a short span of time.
This service give local investors opportunities to invest in major foreign and local companies operating in Qatar, the MoCI said in a tweet.
Some of the companies part of initiative include Match Hospitality, McDonald's, CCC Contracting, Lulu Hypermarket, Americana, Alshaya Group, Power International and General Electric.
The '1,000 Opportunities' opens new horizons for the private sector and enhances partnership between the public and private sector in Qatar, a senior official recently said.
“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,” said Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al Thani in the May 2022 issue of Al Moltaqa magazine.
Highlighting the public and private partnership, the official said 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 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 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.
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