(MENAFN- The Peninsula)
Deepak John
|
The Peninsula
DOHA: Qatar's non-energy private sector is continuing to expand and as the country is actively diversifying its Economy to reduce dependence on hydrocarbons.
Discussing the outlook for Qatar's non-energy sector, Abdumalik Mirakhmedov, Director and cofounder of Scalo Technologies in an interview with The Peninsula said, Qatar is actively diversifying its economy to reduce its dependence on hydrocarbons, and its non-energy private sector is continuing to expand, so the outlook is bright.
The government is promoting growth in sectors such as tourism, healthcare, education, and technology to create new economic opportunities. The country is also investing in renewable energy sources, such as solar and wind power, to diversify its energy mix and reduce its carbon footprint, he added.
Qatar is committed to sustainable tourism practices and tourism is an integral part of the national vision and increasing numbers is a key initiative in diversifying the non-oil economy. By creating jobs, fostering inclusion, and strengthening local economy, the tourism sector is paving for Qatar to continue to thrive.
Commenting on technology sectors of the Gulf Cooperation Council(GCC) and Qatar he said, Qatar and the wider GCC's tech sectors are rapidly growing thanks to strategic investments and strong government support. The country's focus on digital transformation and innovation is attracting global tech giants and startups.
The emphasis on building a skilled tech workforce is crucial for sustaining this growth. Initiatives like Qatar National Vision 2030 establish the country a leader in technology-driven economic diversification, making it a key destination for tech talent and investment.
Regarding the country's sustainable initiatives and developing new capabilities to ensure long-term sustainability goals, he said“Qatar's dedication to sustainable development is clear in its strategic initiatives aligned with Qatar National Vision 2030."
The country is investing in renewable energy, smart city technologies, and sustainable infrastructure to reduce its carbon footprint and ensure long-term sustainability.
These efforts not only focus on environmental responsibility but also on creating new capabilities to drive economic growth. By embedding sustainability into its development plans, Qatar is building a resilient, diversified economy that will meet the needs of future generations, he added.
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