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.
Recognising the benefits of concentrating complimentary businesses, Qatar has adopted a cluster approach to the development of several sectors.
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.
Gaming and eSports opportunities
Qatar is primed for the development of a gaming and eSports cluster with its advanced ICT infrastructure and young population, with whom gaming and eSports has become a leading form of entertainment. Qatar is the first country to deploy 5G, with a 99.7% world record of internet penetration- reflecting the great strides the country has undertaken as a forerunner in global digitalisation initiatives. Moreover, tangible opportunities exist for gaming companies to develop interactive experiences linked to major sports events in Doha such as the FIFA World Cup 2022 and Asian Games 2030. Locally, opportunities exist to build an eSports ecosystem leveraging links and partnerships between national champions and major sports franchises.
Qatar’s prime location as a bridge at the centre of East and West, provides Podcast companies with access to talent, speakers, and developers from all over the world with visa-free entry available to more than 95 nationalities. The MENA region is home to approximately 500 million inhabitants with internet penetration higher than global average. Qatar offers a breadth of incentives to FDI’s such as but not limited to tax exemptions, regulatory exemptions, financial support, and the opportunity to tailor an incentive package based on investment proposals. Recognising the importance of media in the international arena, Qatar has developed the necessary media and digital infrastructure to attract international media outlets by recently establishing Media City to host potential clients in this sector.
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.