Qatar Chamber (QC) Director General Saleh Hamad Al Sharqi said that the Chamber said that SMEs are the backbone of any sustainable, diverse economy. Furthermore, they form about 90% of the world’s large scale economies.
In an opening article for Qatar Chamber’s monthly publication, The Forum “Al Multaqqa”, he noted that strategies adopted by world countries to develop SMEs became inevitable for enhancing its economic process due to the key role played by SMEs in achieving the economic and social development.
Al Sharqi assured that Qatar realized the importance of SMEs in propelling its national economy. Consequently, it has presented the necessary support to these enterprises through many steps. It issued number of legislatives and laws that help facilitate measures of SMEs establishment. It also introduced many incentives and privileges to investors willing to invest in these projects, in addition to providing the financial support.
Praising efforts exerted to empowering SMEs, he said: “Qatar Chamber joined hands with the state authorities concerned to urge businessmen and young entrepreneurs to invest in SMEs and minor enterprises as well, particularly in industrial sector which is the genuine mainstay of any economy. The Chamber strives robustly to enabling these enterprises to produce and exports their products to the foreign markets which will add a real value to the country’s GDP,”
“To support SMEs, Qatar Chamber has organized two consecutive editions of the “ Qatar Chamber SMEs conference”. The first edition was held in May 2015 with a focus on the German expertise, whereas the second is held in January 2016 with a focus on the Turkish expertise. The conference is decided to be occasionally held for the purpose of disseminating the culture of SMEs among young entrepreneurs,” he added.
He pointed out to the robust relationship between the human capital and economic growth, saying: “There is a robust relationship between the human capital and the economic growth. Companies that recruits highly trained and qualified employees, they indeed make a marked contribution to the economic process and participate actively in the economic growth of the country”
Focusing on minor enterprises, Al Sharqi pointed out that productive families are the best to represent this sector. These families who managed to establish their own projects by persistence and hard work have received considerable support from the Chamber. It contributed to promoting their products inside and outside the country.
We gave them the opportunity to participate in the “Made in Qatar” exhibition, whether held in Doha or in the first edition outside Qatar in KSA last year, he said
Qatar Chamber’s monthly publication, The Forum, issued in April reviewed many economic issues, the Chamber’s events, seminars and conferences.
It included reports on the economic development and integration between private and public partnership, shopping festivals and their role in enhancing tourism in Qatar and on modern malls and their impact on the retail trade and their contribution on the national economy.