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Qatar’s industrial investments in 2022 vault to US$81 billion

Sheikh Khalifa stressed the importance of the small and medium-sized enterprises (SMEs) sector in the economies of developed countries. (QNA)
  • Sheikh Khalifa also affirmed the Chamber's interest to enhance the national industry and help investors in this sector to promote their products
  • Chairman of Qatar Chamber Sheikh Khalifa bin Jassim Al-Thani inaugurated the Engineering Factory for Carpets in its new headquarters in the New Industrial Area

Doha, Qatar— The the SMEs sector grew by 2.6 per cent, as the number of operating factories in the state increased from 814 in 2021 to 835 last year, in addition to the presence of 430 new industrial licensed facilities, indicating that the volume of industrial investments amounts to $81 billion.

In a statement, Sheikh Khalifa stressed the importance of the small and medium-sized enterprises (SMEs) sector in the economies of developed countries, noting that Qatar Chamber strongly supports this sector and instantly encourages Qatari investors to invest in all industries that meet the requirements of the local market.

He also affirmed the Chamber’s interest to enhance the national industry and help investors in this sector to promote their products not only in the local market but also in other countries by enabling them to showcase their products in the exhibitions it holds such as “Made in Qatar” which aims to promote local industry and support the private sector’s exports.

Also read: Qatar Chamber to build trade and economic ties with Benin

On Wednesday, Chairman of Qatar Chamber Sheikh Khalifa bin Jassim Al-Thani inaugurated the Engineering Factory for Carpets in its new headquarters in the New Industrial Area.

The ceremony was attended by the investor in the factory, Ghanem Al Khayarin, the Chargé d’Affaires of the Syrian Embassy in Qatar, Dr. Bilal Turkiyeh and the Factory’s General Manager, Raed Saqr, in addition to a number of businessmen.

Following the inauguration, Sheikh Khalifa bin Jassim Al-Thani had a tour in the factory, during which they were briefed on the factory’s various sections, production operations and products it offered to the local market, especially the handmade carpets.

Also read: Qatar Chamber seeks to boost economic ties with Serbia

On his part, the Factory’s General Manager, Raed Saqr said the factory was established four years ago, but it has been expanded and moved to the New Industrial Area, pointing out that the factory uses the finest types of New Zealand wool, with a high-precision manual production line, as the production of one carpet takes more than 400 hours.