The mechanisms of increasing private sector contribution to Qatar’s GDP has witnessed great development and growth over the past years, Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani has said.
In an interview with Qatar News Agency (QNA), Sheikh Khalifa said the volume of private sector exports is proof of its contribution to the country’s GDP growth.
Based on the certificates of origin issued by Qatar Chamber in the first 10 months of 2021, private sector exports stood at QR23.2bn, 88% higher compared to the same period in 2020, which amounted to QR12.3bn.
Sheikh Khalifa stressed that the partnership between the public and private sectors, which was reinforced by the Public-Private Partnership (PPP) Law issued two years ago, directly contributes to increasing the contribution of the private sector to Qatar’s GDP.
He said the PPP Law is a true partner of the public sector in the development process witnessed by the State, as well as other laws issued between 2018 and 2019 that contributed to enhancing the role of the private sector, such as the law on non-Qatari ownership and use of real estate, and the law on investing non-Qatari capital in economic activity.
On the competitive capabilities of private sector institutions, Sheikh Khalifa said the Qatari market is witnessing great openness, and the ability of companies and industrial institutions to compete is a matter that requires a lot of effort and perseverance and injecting more investments.
He noted in this context the importance of efforts to support the competitiveness of the national product in a way that does not result in monopolistic practices, especially in the presence of the competition protection committee and the prevention of monopolistic practices.
Regarding the most prominent economic sectors in which the private sector can compete and enhance the state's exports, Sheikh Khalifa stressed that the private sector was able to prove its presence and achieve great successes in many vital and important sectors and that exports reached many markets around the world.
Sheikh Khalifa said the manufacturing sector is considered one of the leading sectors of the private sector, especially with the existence of a law to support the competitiveness of national products, as well as the services sector, trade and industry, as well as the building and construction sector, with a noticeable interest in the field of agriculture and food, within the framework of the state's keenness to enhance food security.
In an interview with Qatar News Agency (QNA), Sheikh Khalifa said the volume of private sector exports is proof of its contribution to the country’s GDP growth.
Based on the certificates of origin issued by Qatar Chamber in the first 10 months of 2021, private sector exports stood at QR23.2bn, 88% higher compared to the same period in 2020, which amounted to QR12.3bn.
Sheikh Khalifa stressed that the partnership between the public and private sectors, which was reinforced by the Public-Private Partnership (PPP) Law issued two years ago, directly contributes to increasing the contribution of the private sector to Qatar’s GDP.
He said the PPP Law is a true partner of the public sector in the development process witnessed by the State, as well as other laws issued between 2018 and 2019 that contributed to enhancing the role of the private sector, such as the law on non-Qatari ownership and use of real estate, and the law on investing non-Qatari capital in economic activity.
On the competitive capabilities of private sector institutions, Sheikh Khalifa said the Qatari market is witnessing great openness, and the ability of companies and industrial institutions to compete is a matter that requires a lot of effort and perseverance and injecting more investments.
He noted in this context the importance of efforts to support the competitiveness of the national product in a way that does not result in monopolistic practices, especially in the presence of the competition protection committee and the prevention of monopolistic practices.
Regarding the most prominent economic sectors in which the private sector can compete and enhance the state's exports, Sheikh Khalifa stressed that the private sector was able to prove its presence and achieve great successes in many vital and important sectors and that exports reached many markets around the world.
Sheikh Khalifa said the manufacturing sector is considered one of the leading sectors of the private sector, especially with the existence of a law to support the competitiveness of national products, as well as the services sector, trade and industry, as well as the building and construction sector, with a noticeable interest in the field of agriculture and food, within the framework of the state's keenness to enhance food security.
