The private sector of Qatar has performed well despite the challenging situation created by the pandemic.
The resilience and the vibrancy of the private sector stems for the support and proactive measures taken by the concerned authorities in Qatar.
Qatar Development Bank (QDB) is playing crucial role in supporting and boosting country’s private sector. On Wednesday, QDB announced the launch of the 7th edition of the Qatar Entrepreneurship Conference (Rowad Qatar) 2021 under the theme ‘Digital Transformation & Thriving in the New Economy’, which will be held during Global Entrepreneurship Week from November 8 to 10.
The event will be held under the strategic sponsorship of the Qatar Investment Authority, the platinum sponsorship of Qatar Science and Technology Park (QSTP), and the golden sponsorship of Qatar International Islamic Bank (QIIB).
The year’s edition is also organized in collaboration with an array of high-profile governmental and semi-governmental national partners, in addition to a number of global partners such as Google, Amazon, Microsoft, and the World Economic Forum, to name a few.
As the impact of the pandemic tapers off globally and with the concerted efforts of entrepreneurs and Small and Medium Enterprises (SMEs) towards finding a foothold in the new economy amid an accelerating digital transformation, QDB aims to leverage the Qatar Entrepreneurship Conference to reaffirm the need for entrepreneurs to adapt to the new global economy and to integrate technological and digital solutions in their businesses towards harnessing innovation and providing added value.
QDB has contributed to empowering Qatari entrepreneurs, improving the standard of living, as well as allowing Qatari entrepreneurs to benefit from a wide range of promising investment opportunities, and to develop their exporting potentials while supporting their entry to new international markets.
Government’s role has been crucial in helping the private sector as it took several measures to encourage the private sector. In order to support businesses affected by the COVID-19, the Cabinet in April this year, had announced additional economic support package for private sector.
The government had also introduced the Public Private Parntership Law last year. This law will enhance cooperation between public and private sector in the country. Qatar’s much-awaited Public-Private Partnership Law was enacted on May 31, 2020.
The PPP Law will accelerate Qatar’s massive infrastructure development and provide greater support to the private sector and foreign investors.
With the support of conducive policy measures and support from government, Qatar’s private sector will play a crucial role in country’s economic growth
