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SMEs major contributors to Qatar’s economy

16/02/2017 0 233 views

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Dubai – “ASWAQ”
Small and medium enterprises are well known to be major contributors to any country’s economy, said the Deputy Prime Minister and Minister of State for Cabinet Affairs, H E Ahmed bin Abdullah bin Zaid Al Mahmoud who recently opened Qatar Chamber’s Second SMEs Conference, held under the auspices of Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani.
The conference comes within the framework of the economic partnership between Qatar and Turkey, with the aim of exchanging experiences and expertise between businessmen from the two countries. Organised by Qatar Chamber in cooperation with the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the 2-day conference witnessed participation of a large group of Turkish businessmen headed by Chairman of TOBB, Rifat Hisarciklioglu.
The conference aims to provide information and mechanisms for entrepreneurs, by enhancing their communication with the institutions and related agencies, as well as the promotion of entrepreneurship and stimulating the services required to support SMEs.
“SMEs play a major role in many of the leading global economies and is considered vital due to providing job opportunities, new innovations, in addition to being a model for future global companies and a catalyst for GDP growth”, said Chairman of Qatar Chamber Sheikh Khalifa bin Jassim bin Mohammed Al Thani, who is also Chairman of the board of Directors of International Chamber of Commerce, Qatar (ICC).
Al Thani referred to the initiatives taken by Qatar Development Bank (QDB) in providing funding programmes and its strategies to help youths and entrepreneurs to pursue the idea of SMEs, and increasing the competitiveness in creating ideas and setting up of innovative projects.
Enterprise Qatar, Social Development Center, and Qatar Business Incubation were also praised by Al Thani, in supporting SMEs and their commitment in developing the business culture in Qatar, through providing funding and training programs, in addition to facilitating entrepreneurship and development.

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