Doha, Qatar—Logistics market in Qatar will outperform other Gulf Cooperation Council countries during the 2020-2026 period, a study says.
The study by the Investment Promotion Agency in Qatar showed Qatar ranked among the first 20 percent of countries in the world and second in the Middle East based on performance in the logistics sector, which grew by 7 percent during the last five years.
And its performance is based on the main pillars of access to capital, which means ready-made and integrated industrial facilities for entrepreneurs and owners of small and medium-sized companies, coupled with low electricity tariffs, tax exemptions, and customs exemptions on imports in free zones, the study said.
Also among these pillars are well-established support systems where free, industrial and logistical zones are on a global level, providing a business-friendly environment and many means of support for foreign investors, in addition to a flexible transportation and logistics network that provides global communication through Hamad International Airport and Hamad Port, as well as various trading partners that provide vital materials and goods.
An advanced technological structure is another draw, as Qatar ranks third in the Arab world according to the Network Readiness Index for the year 2021, and it encourages the adoption of innovation, as the Qatar Center for Artificial Intelligence develops the latest artificial intelligence tools and technologies to manage logistics, warehousing and space.
The study stated that Qatar is full of untapped potential for foreign investors, especially if the rapid growth witnessed by the e-commerce sector is added to it, and the numerous trade and investment agreements concluded by the country, which include more than 25 bilateral investment agreements, 80 non-double taxation agreements, as well as 20 free trade agreement.