Qatar`s technology sector has a lot of potential

22/05/22

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

The topic was debated in a recent webinar named “Back to Global - Berlin Startups Explore Opportunities in Qatar” which was presented by Tasmu Digital Valley and Berlin Partner.

The discussion noted that Qatar`s entrepreneurial ecosystem currently boasts various platforms that provide support to start-ups and scale-ups. These include without limitation the Qatar Financial Centre (QFC), Qatar Free Zones Authority (QFZA), Qatar Science and Technology Park (QSTP), Qatar Development Bank (QDB), Qatar Business Incubation Center (QBIC), Qatar Sports Tech (QST), Qatar Fintech Hub (QFTH), Digital Incubation Center (DIC), Scale 7, Bedaya, Injaz, Nama and others.

The QFC works closely with many platforms and offers a simple route to form a company. It is one of the four jurisdictions in the State of Qatar and provides one hundred percent foreign ownership, legal system based on English law, one stop shop for preparation, formation and operation, attractive tax system with many double taxation agreements and many other benefits.

In terms of information and communication technology, Ooredoo and other key players are transforming the country into a smart and digital nation. They offer a full range of connectivity, cloud and IoT products and services and are building and hosting the Microsoft and Google platforms.

Moreover, the State of Qatar has invested in future global trends which include urban living initiatives such as smart cities in Lusail and Msheireb. More recently, it inaugurated the Qatar Genome Programme which sequences genomes and builds biobanks.

Another webinar titled “Islamic FinTechs and the Halal Economy” explored the tremendous opportunities created by the halal economy. The event was organised by Hamed bin Khalifa University (HBKU) in association with the QFC. It discussed the digital transformation and how businesses need to update and modernise their products and services on an ongoing basis.

Please click on the link to learn more about the latest developments in the region and the 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 119 - Thumb

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,...

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 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