Doha- HE Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khlifa Al-Thani inaugurated Thursday Jahiz1 project, which was launched by an initiative from Qatar Development Bank at a ceremony held on the occasion in the new Industrial Area.

The ceremony began by recitation of verses of the Holy Quran, then HE Minister of Energy and Industry Dr. Mohammed bin Saleh Al Sada delivered a speech in which he praised the Qatari small and medium enterprises which succeeded to meet the requirements of industrial areas identified by the ministry in the technological, innovative and Eco-friendly industries operating in the field OF chemicals, plastics, wood, and electronic materials.

Jahiz1 project comes in line with the ministry’s vision to build a strong industrial production base and supports the local Qatari product to achieve balanced economic growth, away from the oil revenue as the main source of income. It also increases the contribution of the industrial sector in the gross domestic product.

Al Sada added that the launch of this initiative and other initiatives comes from the government guidelines that support the economic system in Qatar by strengthening the Qatari product, promoting a culture of creativity and innovation, developing economic policies and legislation according to the best international standards of economy, developing the private sector to reach competition and regulating the SMEs sector and national entrepreneurship.

HE Dr. Al Sada noted to the starting of the work on the Single Window Project to facilitate starting of the industrial projects, and to highlight the important role of the supervision authority in its sector within the framework of the national economy in general in response to HE the Prime Minister and the Minister of the Interior’s directive to the Business and Investment Environment Development Committee on the need to exert all efforts to promote economic growth in the country by providing the appropriate environment to diversify the economy, attracting domestic and foreign investment, increasing the efficiency of public spending, applying the principle of general effectiveness and the principle of cost-effectiveness in all in all programmes and projects of 2017-2022 National Development Strategy and achieving the partnership between the public and private sectors as well as involving the national community and citizens.

He pointed out that the State of Qatar has achieved advanced positions within the Global Competitiveness index as it ranked 18th globally in the latest report of the World Economic Forum, the second in the Middle East, and has maintained its credit rating among the highest in the world. The gross domestic product (GDP) at constant prices also achieved an annual growth through 2015 compared to an average growth rate of the oil exporting countries in the Middle East. The contribution of the private sector in the GDP in the state had also increased. (MORE)

Source: Qatar News Agency