Foreign investments

Qatar’s PPP law will provide greater support for private sector and foreign investment: al-Sharqi

Qatar’s PPP law would significantly help accelerate the country’s massive infrastructure development and provide greater support to the private sector and foreign investment, noted Qatar Chamber Director General Saleh bin Hamad al- Sharqi.
The law paves the way for the launch of several investment projects in Qatar in various sectors including health, sports, tourism and education, al-Sharqi said in an interview with “The Business Year: Qatar 2021” .
The partnership between the public and private sectors will help strengthen Qatar’s position as a leading international center for business and investment, as well as support the implementation of projects related to Qatar’s Vision 2030 and the 2022 World Cup, al-Sharqi said.
According to al-Sharqi, “the involvement of the private sector in PPP projects will be more important in the coming period, especially as the private sector enjoys substantial support from wise leaders and the government. qatari “.
He said the law allows for the benefit of the administrative and technical skills of the private sector and the financing capacities in joint projects with the public sector.
Al-Sharqi stressed that the Qatar Chamber’s interest in SME development was based on its importance in the country’s economic development and job creation in the local market.
“Continuous coordination and cooperation exists with QDB and other organizations that support SMEs,” he said.
Responding to a question on the Qatar Chamber’s medium-term priorities with regard to new initiatives and services, he noted that the chamber has launched a multitude of services and initiatives that are of significant benefit to the interests of the private sector.
These include the launch of numerous electronic services on the Qatar Chamber website, such as issuance of certificates of origin and attestation of documents.
He praised the role played by the sectoral committees of the Chamber of Qatar through the coordination with the competent bodies of the country to deal with the problems related to the private sector and to find solutions to the obstacles encountered by its members.

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