Qatar launches advanced manufacturing hub at WEF


Qatar`s Ministry of Commerce and Industry (MoCI) has announced the launch of the Advanced Manufacturing Hub (AMHUB) in cooperation with Qatar Development Bank (QDB) at the WEF.

The hub, which is a collaboration of key stakeholders in Qatar and the World Economic Forum (WEF), is one of 13 platforms worldwide established to enhance the industrial sector.

AMHUB targets Qatar’s industrial institutions, major national companies and owners of small and medium enterprises. It aims to provide a platform to share the opportunities and challenges in the industrial sector, as well as to exchange visions, ideas, expertise and experiences about Qatar’s industrial and technological capabilities.

Consequently, addressing these challenges will empower manufacturers in Qatar to solve manpower issues, navigate government initiatives and overcome environmental challenges. AMHUB will also advance Qatar’s manufacturing system by enhancing its efficiency and accelerating its growth in line with the Qatar National Vision (QNV) 2030.

In a further boost for the economy, Qatar’s trade exchange with Turkey, Italy and Germany is expected to significantly increase in the next months and years.

Turkish companies have executed over QAR 72.8 billion (USD 20.0 billion) of infrastructure projects in Qatar and over 600 entities operate in Qatar mostly in the construction and hospitality sectors. Bilateral trade between the countries reached QR 6.8 billion (USD 1.9 billion) in 2021.

Similarly, trade between Qatar and Italy reached QAR 12.8 billion (EUR 3.3 billion) last year, an increase of 76%. Furthermore, latest data showed that in Q1 2022, Italy further improved its trading volume becoming Qatar’s fourth largest trade supplier.

The recently announced energy partnership between Germany and Qatar will result in German contributions to the development of renewable energy projects in Qatar in order to optimize energy efficiency. Qatar has invested QAR 97.9 billion (EUR 25.0 billion) in Germany and bilateral trade stood at QAR 5.1 billion (EUR 1.3 billion) in 2021.

Business Start Up Qatar has a network of subject matter experts and specialists to assist with activities throughout the lifecycle of a business in the State of Qatar. The activities include Market Research & Assessment Qatar, Qatar Business Case, Qatar Business Model Development, Feasibility Study / Business Plan Qatar, Organizational & Operational Structuring Qatar, Qatar Sponsorship & Partnership, Company Formation Qatar and many others.

Please click on the link to learn more about opportunities and possibilities in the State of Qatar as well as the initiatives of Business Start Up Qatar.

Other News

BSUQ News 121 - Thumb

Launch of “1000 opportunities initiative” in Qatar

The State of Qatar`s Ministry of Commerce and Industry (MoCI), recently launched the “1000 Opportunities Initiative” to facilitate partnerships between public...

Read more
BSUQ News 120 - Thumb

Qatar announces provisional commercial licenses

Qatar`s Ministry of Commerce and Industry (MoCI) recently launched a new service to issue provisional commercial licenses for all commercial activities.

The service will be jointly implemented with...

Read more
BSUQ News 118 - 034.1 - Thumb

Qatar Central Bank develops a new FinTech strategy

Qatar Central Bank (QCB) will launch a new fintech strategy during the fourth quarter of 2022.

The QCB initiative is part of a number of measures...

Read more
BSUQ News 117 - Thumb

Qatar and German relations continue to expand

The State of Qatar and the Federal Republic of Germany aim to expand their strong commercial and economic investment ties.

The two countries recently signed several Memorandum of Understandings (MoUs)...

Read more
BSUQ News 116 - Thumb

Qatar`s technology sector has a lot of potential

Qatar’s technology sector is expanding and offers new opportunities and possibilities in line with the progress in...

Read more
BSUQ News 115 - Thumb

Qatar is among top countries for entrepreneurs

The State of Qatar is ranking ninth on the list of top countries for entrepreneurs according to the National Entrepreneurial Context Index (NECI)...

Read more
BSUQ News 114 - Thumb

Qatar remains a promising market in the region

The State of Qatar is a very promising investment market according to a recent report by The Investment Promotion Agency Qatar (IPA Qatar).

The report “Invest Qatar Annual Report 2021”...

Read more
BSUQ News 1 - 16 Jan 22 - Thumb

Qatar’s trade surplus up 171 percent in November

Qatar’s foreign merchandise trade balance increased by 171 percent in November 2021 compared to November 2020 according to the latest figures released by the Planning and Statistics Authority...

Read more

Page Break