Recognising the benefits of concentrating complimentary businesses, Qatar has adopted a cluster approach to the development of several sectors.
Gateway to wealth of opportunities
Qatar’s commitment to actively pursuing an economic diversification agenda has created many lucrative opportunities for savvy investors. This Deal Book details five sectors ready for investment and the incentives and support available to help you begin your investment journey.
As major technology trends like farm robotics, Geographic Information System, Artificial Intelligence, data science, and blockchain shape the global agritech market, Qatar has embraced the futuristic trend. Several factors are contributing positively to influence investments in agritech in the MENA, including technology, demographic preferences and start-ups. A promising candidate for transformation of its agritech industry in the MENA region, Qatar’s producers, processors and retailers have transformed amid population growth and tech convergence.
With the global E-gaming market poised to reach $480bn by 2028, online gaming has laid out a huge pitch for innovation and capital. High internet penetration, easy access to smartphones, especially among the growing young population, and a nationwide interest in sports, is expected to shape a competitive market landscape in Qatar. Sport Accelerator, a pioneer sports business hub, is just one of the many initiatives for creating new business opportunities, attracting foreign investment, and developing Qatari entrepreneurs in the sector.
The global cybersecurity market is set for significant growth with revenues expected to reach $403 bn by 2027. Cybersecurity has high potential in sectors utilising sensitive information like healthcare, education and the public sector. With a budget of over $1.64 billion and the fastest growth in cybersecurity spending in the Middle East in 2022, Qatar offers significant investment opportunities for cybersecurity companies and to partner with well-known local players.
Global supply chains, warehousing, and logistics are currently undergoing major changes, creating valuable opportunities. Several trends including digital transformation, need for more manpower, international trade shift and consolidation are reshaping the sector. As part of the transformation in the GCC warehousing and logistics market, Qatar’s major initiatives including easier access to capital and strong tech infrastructure, hold great promise for foreign investors.
The global Halal market is set to see exponential growth with revenues projected to reach $7.7tn by 2025. With a majority Muslim population, the GCC countries and Qatar are poised for major growth as the hub of the global Halal market. Ranked among the top three OIC nations for Islamic-themed media and lifestyle services, Qatar’s growing Muslim population and Halal lifestyle are a growth driver for the success of the Halal economy.
An expanding middle class and an ageing population across the globe provide a fertile ground for the growth of the pharmaceuticals market. With the size of the market also set to expand due to the effects of the pandemic and major investments in global healthcare systems, the Middle East pharma industry is poised for a big leap. Qatar’s major investment in medical infrastructure and R&D, in addition to an effective legal structure and availability of talent, offers a lucrative business climate for foreign investors eyeing the pharma market.
Cleantech, which refers to methods of reducing the negative environmental impact of conventional technologies, has gained currency across the world on the back of decarbonisation trends and increased investment in Green energy. The share of renewable energy in total power generation in the MENA region is set to increase by a CAGR of 8%. Qatar government’s policies and futuristic tech infrastructure present a $75bn investment opportunity in the sector by 2030.
Electric vehicles opportunities
In the high-tech sector of electric vehicle manufacturing it has established a hub to pioneer and develop Plug&Play component research, developing and testing prototypes and provided an environment to test mobility vehicles and emerging technologies across buses, vans, and small vehicles. Qatar offers a breadth of incentives to foreign investors such as but not limited to tax exemptions, land allocation, regulatory exemptions, energy supply for manufacturing, and financial support, which can be tailored to meet your needs based on the requirements of your investment proposal.
Qatar holds promise for the futuristic sector of 3-D printing that is finding new uses in key industrial sectors worldwide. Aided by a macroeconomic environment infused with strong fundamentals, Qatar provides lucrative opportunities for 3-D printing-related businesses, particularly in sectors such as aerospace, infrastructure, and healthcare. Technological collaborations with institutions like Texas A&M in Qatar, Sidra Medicine, Qatar University, and the like strengthen the market potential for players who wish to invest with the help of State support and national programmes.
The popularity of E-commerce in Qatar comes on the back of high internet and mobile penetration rates — two key conditions among many to spur the sector. The advent of digital payment services has added momentum to online transactions, as has the pandemic that made online buying popular. With the fourth highest GDP per capita and a ranking of four on the 5G leadership index, however, Qatar’s E-commerce potential — the highest among the GCC States — still lies untapped. Investment opportunities exist across the E-commerce value chain, with 40 percent of the population under 30 and the highest spending per digital consumer in MENA.
To achieve self-sufficiency, Qatar's National Food Security Strategy aims to introduce scientific agriculture and non-traditional farm practices as the country tries to navigate climate challenges. Vertical farms and hydroponics are among other futuristic practices that offer the opportunity to leverage the key strengths of biotechnology to expand agriculture. As a growing population pushes up food demand, the country provides a fertile ground for investment in agriculture. A strong support system with easy access to capital, efficient transport and logistics, and lucrative public-private partnerships provide the right ecosystem for foreign capital.
Amid increasing environmental awareness, waste management is acquiring centre stage. With a 6 percent share of global waste produced by the MENA region, dealing with trash is a serious business requiring technological involvement and expertise. GCC as a whole has a waste management annual market potential of $6bn that can create 50,000 jobs. Qatar, which generates 8M MT of solid waste annually presents unique opportunities in remediation, treatment, and materials recovery areas. The country’s Integrated National Solid Waste Management Program underpinned by QNV 2030 and NDS II creates opportunities across the waste management value chain.
Aerospace Additive Manufacturing opportunities
Qatar is inviting leading global prototyping and aerospace parts manufacturers to establish a 3D manufacturing facility that focuses on prototyping, fabrication, and post processing of aerospace parts.
Qatar is an ideal manufacturing destination for aerospace additive manufacturing. The Qatari aerospace additive market boasts strong market growth. This is aligned with the strong aviation sector driven by Qatar Airways, the country’s award-winning airline, being the 3rd largest air-fleet in MENA with 205 passenger aircrafts and $82 billion worth more in order until 2029. Yet there is limited presence of 3D manufacturing of aerospace parts, therefore the majority of demand for parts is met through imports. With the Qatar National Manufacturing Strategy that is focused on establishing advanced manufacturing value chains to feed into advanced industries, and Qatar’s unparalleled market access and connectivity, local production will enable access to significant local and regional demand. This makes Qatar an ideal manufacturing destination for aerospace additive manufacturing.
Medical Consumables and Device Parts Additive Manufacturing opportunities
Qatar is inviting leading global prototyping and healthcare parts manufacturers to setup an additive manufacturing facility with the capabilities to prototype, fabricate and post process medical consumables and device parts.
The Qatari market for medical additive manufacturing boasts strong growth primarily driven by demand from healthcare. This is aligned with the rapidly growing healthcare sector as evidenced by the state’s spending on healthcare per capita being the highest in the MENA region, the 88% expected growth in the number of healthcare centres and facilities between 2020 and 2022. The market also has a robust ecosystem for manufacturing with significant access to base materials, and home to the first model factory in the GCC that offers hands-on training to help corporations achieve operational excellence. In addition, Qatar’s unparalleled market access and connectivity mean that local production will have access to significant local and regional demand. Overall, Qatar is an ideal manufacturing destination for medical additive manufacturing.
Vaccine Manufacturing opportunities
Qatar is inviting leading global vaccine manufacturers to establish a vaccines facility in Qatar that can formulate and package generics locally.
Qatar is a thriving economy that offers robust, competitive, and attractive business opportunities. Its rapidly growing healthcare sector along with the country’s robust business ecosystem, world-class infrastructure, strategic location, and unparalleled connectivity make it an ideal location for vaccine manufacturing. Those who take up the opportunity may enjoy a potential import substitution of approximately $30 million annually, and an annual export potential of approximately $28 billion to the MENA, African, Central Asia, and European region.
The Residences at St. Regis Marsa Arabia Island opportunities
The Residences at St. Regis Marsa Arabia Island, to be completed in Q4 2021, is an island, within an island, independently standing with its branded homes, luxury services and international outlets. It is surrounded by beautifully landscaped gardens and terraces, with beaches boasting 27 pool side cabanas and over 20 pools to enjoy.
The Pearl Qatar opportunities
The Pearl Qatar, where several new properties will be completed in 2022, is a destination of choice offering its residents and visitors an integrated leisure experience. On this fascinating island, luxury-living blends with lively shopping and entertainment, and scenic backdrops are complemented by a thriving community lifestyle, making The Pearl-Qatar a true living wonder.
Gewan island opportunities
Gewan island, to be completed in 2023, is the up-and-coming amenity-laden new luxury island that raises the bar for lifestyle and innovation with diverse urban landscape and distinct real-estate mix. The development perfectly merges comprehensive living spaces, entertainment, and retail outlets.
The development perfectly merges comprehensive living spaces, entertainment, and retail outlets.
Looking to start or grow your business in Qatar?
Looking to start or grow your business in Qatar?
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