Doha: In cooperation with the Ministry of Commerce and Industry (MoCI), Qatar Chamber (QC) held a seminar on Wednesday to inform private sector companies on the ‘1,000 Opportunities Initiative’, which is an electronic platform launched by the MoCI to allow local investors to secure investment opportunities from major international and local companies operating in Qatar.
The seminar was attended by QC Chairman Sheikh Khalifa bin Jassim Al Thani, QC First Vice Chairman Mohamed bin Twar Al Kuwari, and many Qatari businessmen and representatives of local companies.
QC Chairman explained that the ‘1,000 Opportunities Initiative’ offers small and medium-sized enterprises (SMEs) the opportunity to develop their products and services and become more competitive in the Qatari market.
He called upon Qatari investors and businessmen to get acquainted with this initiative by visiting the Single Window website to learn about the available opportunities, which include all economic sectors.
He underscored that the initiative would contribute to the localization of supply chains and increase the dependence on local products.
QC Chairman also pointed out that the national products have proven their efficiency in the local market and foreign markets, stressing that local products have become more competitive compared to imported products in terms of price and quality, which contributed to raising the state’s self-sufficiency.
Speaking during the seminar, Hamad Mohammed Al-Abdan, Director of the Business Development and Investment Promotion Department at the Ministry of Commerce and Industry, explained in a presentation about the initiative, stressing that it aims to stimulate the business sector and provide an attractive environment by localizing supply chains, increasing the efficiency of service providers, as well as encouraging, localizing, and transferring knowledge to the national product.
Al-Abdan noted that the initiative is a culmination of a year-and-a-half-year effort with 8 local and foreign major companies operating in the country which include: Match Hospitality, McDonald's, CCC Contracting, Lulu Hypermarket, Americana, Alshaya Group, Power International, and General Electric.
He pointed out that the initiative is available in the Single Window website, noting that local companies can browse it to learn about available opportunities and how to apply for the service.
