Latest news with #SheikhFaisal
Zawya
5 days ago
- Business
- Zawya
Qatar: MoCI launches five new e-services, e-transactions rise by 5.38% in Q2
DOHA: Ministry of Commerce and Industry's (MoCI) Single Window platform launched five new electronic services in the second quarter (Q2) of this year and saw an increase of 5.38% in the electronic transactions on a quarterly basis. Minister of Commerce and Industry, H E Sheikh Faisal bin Thani bin Faisal Al Thani, stated in a post on his official X account, 'I am delighted to share the results of the Ministry's periodic monitoring system, our mechanism for measuring performance and evaluating impact. In the second quarter of 2025, the time taken to complete registrations and licenses decreased to two days (98% electronically), and 88% of customers expressed satisfaction with the Single Window services – as part of our commitment to improving the investment environment in the country.' 'The Single Window platform launched five new e-services during the second quarter of 2025, as part of our ongoing efforts to streamline procedures and enhance digital transformation. The percentage of e-transactions increased by 5.38% compared to the first quarter. We will continue developing the platform to make it faster, easier and provide more efficient services for investors,' the Minister added. The Ministry of Commerce and Industry Strategy 2024-2030 aims to accelerate the national economy and enhance the business environment in Qatar, achieving 100 percent digitalisation of all services and increasing the number of patents with an annual growth rate of 20 percent until 2030. The single window is performing a vital role in supporting investors in establishing and maintaining their business throughout different phases, starting from planning to digitally acquiring the needed governmental approval and registration using a single smart platform. The platform features an interactive interface that offers users a modern and friendly interface, allowing them to navigate various services at the push of a button. It also delivers a more streamlined customer experience that minimises time and effort to complete transactions. A wide range of services can be navigated through a central, single dashboard, giving investors access to an array of integrated services in one place, making it easy for users to track all their transactions. Minister of Commerce and Industry further stated that in the area of consumer protection, 'Our staff carried out 58,180 inspection campaigns to ensure market compliance and price control. All these indicators confirm the effectiveness of the monitoring system in supporting the implementation of the Third National Development Strategy and enhancing Qatar's competitive position regionally and internationally. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
26-06-2025
- Business
- Zawya
Oman: OCCI to launch 4th Franchise Programme on June 29
Muscat – Oman Chamber of Commerce and Industry (OCCI) will launch the fourth edition of its Franchise Programme on June 29 under the patronage of Sheikh al Fadhl bin Mohammed al Harthi, Secretary-General of Council of Ministers. The launch will be attended by Sheikh Faisal bin Abdullah al Rawas, Chairman of OCCI, Humood bin Salim al Saadi, Second Deputy Chairman and head of Central Franchise Committee, board members of the chamber and business representatives. The programme aims to promote franchising as a business model among Omani entrepreneurs, highlighting its economic benefits and role in developing competitive local brands. It also seeks to help these brands expand into regional and international markets. The programme supports efforts to diversify income sources and strengthen the SME sector, aligning with OCCI's strategy to improve the business climate and expand the private sector's contribution to Oman's economy under Vision 2040. According to Saadi, the fourth edition of the programme will build on the achievements of the previous one, reinforcing the chamber's commitment to empowering local businesses. 'We aim to create competitive Omani brands that can thrive both domestically and internationally,' he said. He added that a Franchise Centre was established as part of broader efforts to institutionalise franchising and offer targeted support to companies and entrepreneurs looking to scale. The centre plays a key role in facilitating expansion and reinforcing private sector leadership in development of the national economy. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
19-05-2025
- Business
- Zawya
Qatar records over $2.7bln in FDI in 2024
Qatar attracted $2.74 billion in foreign direct investment (FDI) in 2024 through 241 projects, which created 9,348 jobs, according to the Investment Promotion Agency Qatar's (Invest Qatar) 2024 Annual Report. These results reflect Qatar's accelerated momentum in transforming its economy in line with the Third National Development Strategy (NDS3), with 95% of total FDI capex directed toward greenfield projects, affirming the country's commitment to diversification, a statement said. Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Commerce and Industry and Chairman of the Advisory Council, said: 'Guided by the Third National Development Strategy (NDS3), Qatar is paving the way for a sustainable, innovative and secure future. The results in this year's report reaffirm our efforts to attract high-quality investments, strengthen economic resilience and enable private sector growth. Qatar remains committed to building a diversified, knowledge-based economy that offers exceptional opportunities to both Qataris and the global community.' Sheikh Ali Alwaleed Al-Thani, CEO, Invest Qatar, said: '2024 has been another successful year for Invest Qatar, marked by significant milestones that reinforce our commitment to positioning Qatar as a premier global business hub. Through over 1,200 investor and stakeholder meetings, 120 fact-finding trips, the successful attraction of more than 30 companies, and the introduction of innovative digital tools like we have made strides in fostering investment, innovation and sustainable growth. As we present this annual report, we celebrate these achievements and look forward to building on this foundation to drive further economic opportunities and advancements in the years ahead." Key investment activity spanned a range of priority sectors, including electric power generation, which accounted for the largest share of capital expenditure at 40.1% ($1.1 billion), followed by retail and wholesale trade, data processing and hosting, and scientific research and development. This growth was driven by Qatar's continued efforts to improve the business environment, launch new digital services and streamline licensing procedures across multiple sectors. The year also saw a rise in Qatar's international competitiveness, with the country climbing to 11th in the IMD World Competitiveness Index 2024, improving to 28th in the Global Economic Freedom Index and advancing to 24th in the DHL Connectedness Index. Notable improvements were also seen in logistics and infrastructure, with Qatar ranking 14th in the Logistics Competence sub-index and 19th in the Logistics Infrastructure sub-index of the World Bank's Logistics Performance Index. A partnership with fDi markets In a strategic move to enhance the transparency and efficiency of foreign direct investment (FDI) monitoring, Invest Qatar has launched the FDI Projects Monitor in collaboration with fDi Markets. The monitor tracks FDI projects that have been publicly announced since 2017, presenting over 1,000 FDI projects, that have generated over 73,000 jobs and more than $50 billion in capital expenditure. This innovative tool is designed to provide accurate, real-time FDI data, essential for informed decision-making and fostering economic growth. The monitor also provides an interactive investment map that tracks the locations of FDI projects, providing key insights about the involved companies, job creation statistics and capital expenditure figures, along with sector and source country breakdowns. Additional resources include updates on business environment developments and access to the latest FDI reports with an option to generate custom reports. – TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
18-05-2025
- Business
- Trade Arabia
Qatar records over $2.7bn in FDI in 2024
Qatar attracted $2.74 billion in foreign direct investment (FDI) in 2024 through 241 projects, which created 9,348 jobs, according to the Investment Promotion Agency Qatar's (Invest Qatar) 2024 Annual Report. These results reflect Qatar's accelerated momentum in transforming its economy in line with the Third National Development Strategy (NDS3), with 95% of total FDI capex directed toward greenfield projects, affirming the country's commitment to diversification, a statement said. Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Commerce and Industry and Chairman of the Advisory Council, said: 'Guided by the Third National Development Strategy (NDS3), Qatar is paving the way for a sustainable, innovative and secure future. The results in this year's report reaffirm our efforts to attract high-quality investments, strengthen economic resilience and enable private sector growth. Qatar remains committed to building a diversified, knowledge-based economy that offers exceptional opportunities to both Qataris and the global community.' Sheikh Ali Alwaleed Al-Thani, CEO, Invest Qatar, said: '2024 has been another successful year for Invest Qatar, marked by significant milestones that reinforce our commitment to positioning Qatar as a premier global business hub. Through over 1,200 investor and stakeholder meetings, 120 fact-finding trips, the successful attraction of more than 30 companies, and the introduction of innovative digital tools like we have made strides in fostering investment, innovation and sustainable growth. As we present this annual report, we celebrate these achievements and look forward to building on this foundation to drive further economic opportunities and advancements in the years ahead." Key investment activity spanned a range of priority sectors, including electric power generation, which accounted for the largest share of capital expenditure at 40.1% ($1.1 billion), followed by retail and wholesale trade, data processing and hosting, and scientific research and development. This growth was driven by Qatar's continued efforts to improve the business environment, launch new digital services and streamline licensing procedures across multiple sectors. The year also saw a rise in Qatar's international competitiveness, with the country climbing to 11th in the IMD World Competitiveness Index 2024, improving to 28th in the Global Economic Freedom Index and advancing to 24th in the DHL Connectedness Index. Notable improvements were also seen in logistics and infrastructure, with Qatar ranking 14th in the Logistics Competence sub-index and 19th in the Logistics Infrastructure sub-index of the World Bank's Logistics Performance Index. A partnership with fDi markets In a strategic move to enhance the transparency and efficiency of foreign direct investment (FDI) monitoring, Invest Qatar has launched the FDI Projects Monitor in collaboration with fDi Markets. The monitor tracks FDI projects that have been publicly announced since 2017, presenting over 1,000 FDI projects, that have generated over 73,000 jobs and more than $50 billion in capital expenditure. This innovative tool is designed to provide accurate, real-time FDI data, essential for informed decision-making and fostering economic growth. The monitor also provides an interactive investment map that tracks the locations of FDI projects, providing key insights about the involved companies, job creation statistics and capital expenditure figures, along with sector and source country breakdowns. Additional resources include updates on business environment developments and access to the latest FDI reports with an option to generate custom reports. – TradeArabia News Service
