Qatar stakeholders continue to support SMBs and SMEs

22/08/21

The collaboration and cooperation of the public sector and the private sector will strengthen the position of the State of Qatar as a hub for business, trade and investment in the Middle East.

The latest legal reforms including, but not limited to the Public-Private Partnership (PPP) Law No. 12 of 2020 was designed to bolster the private sector’s competitiveness and to promote and support the role in the development of the country’s economy. The new laws aim to enhance the infrastructure and to improve the (business) ecosystem in the State of Qatar in line with Qatar National Vision (QNV) 2030 and the National Development Strategies.

The issuance of the PPP Law is considered as a critical step in providing a legislative framework for regulating the private sector's contribution to the implementation of major development projects.

The PPP Law is part of the latest legal reforms which will enable the launch of large-scale investment and development projects in a number of sectors including health, education, sports and tourism.

The key stakeholders like the Qatar Chamber of Commerce & Industry (QCCI) and Qatar Development Bank (QDB) recognize the importance of small and medium enterprises (SMEs) in the economic development of a country.

They have time and again shown the interest in promoting and supporting start-ups, scale-ups, small businesses (SMBs) and small and medium enterprises (SMEs). Representatives of the QCCI have affirmed the positive stance on SMEs in interviews when they said that they will continue to coordinate and cooperate with the associations and bodies that support SMEs. SMEs hold an important place in the development of the country and consequently, the creation of jobs and sustained high standards of living of the people.

There are many initiatives in favor of the private sector under way such as the launch of new digital services including the issuance of certificates of origin and the attestation of documents.

Business Start Up Qatar collaborates and cooperates with the key stakeholders to improve the ease of doing business in the country.

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

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