DOHA: Qatar is setting up an association of farmers to help boost private sector investment in agricultural sector and promote close coordination between the private and public sectors in the field.
Qatari individuals and companies owning farms, irrespective of their size, as well as government agencies concerned with agricultural development, will be part of the proposed association.
The association will have two separate corpuses — one for giving away loans for farming, the other for helping members tackle emergencies.
The government has announced that between June 15 and 26 people can apply for membership of the proposed association.
On June 29, successful applicants will be called by the Ministry of Economy and Trade to hold a founding meeting and pave the way for the formal launch of the said association.
The idea behind forming the association is to provide all kinds of support to the farming sector as a broader goal to back Qatar’s strategic long-term Food Security programme.
The Minister of Economy and Trade, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, told reporters yesterday that the government is keen on motivating privates sector to work with the public sector in promoting investment in farming and mull ways to tackle challenges related to food security.
Present at the press meet were Environment Minister H E Ahmed Amer Mohamed Al Humaidi, Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani and Nasser Jarallah Al Marri, Director of Food Security programme.
Sheikh Khalifa said at the news conference that the government and the media had eventually turned their attention to the farming sector.
He said there has been a significant drop in the area of farming land in the country, which is a matter of concern. One of the major aims of the association is to help farmers and solve their problems.
The proposed association will have a capital which will come from subscription from the members. No member will, however, be allowed to have more than 10 percent share in the overall capital of the association.