Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Finance minister: All Vision 2030 projects have sustainable funding that won't affect public finances    Crown Prince announces medium-term debt strategy to diversify funding sources "A resilient economy capable of overcoming challenges reflects progress towards achieving Vision 2030 goals"    'No excuses' for Israel to not accept ceasefire deal, EU foreign policy chief says    Alkhorayef highlights role of National Initiative for Global Supply Chains in boosting Saudi economy    Saudi Arabia signs investment deals worth SR35bn with foreign firms to strengthen global supply chains    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Riyadh Season draws 8 million visitors in 6 weeks    Saudi FM attends Quadripartite meeting on Sudan in Italy    Gangsters block aid distribution in south Gaza    Russian deserter reveals war secrets of guarding nuclear base    Georgia's new parliament opens first session amid mass protests and boycott    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Qatar targets QR4b non-oil exports in 2016
Published in The Saudi Gazette on 19 - 04 - 2013

DOHA — Qatar plans to increase its non-oil exports to close to 4 billion Qatari riyals (QR) a year by 2016 from a little over QR1 billion two years ago in a major initiative to diversify the economy away from the key energy sector, Gulf Times said on Thursday.
Officials at Tasdeer, the export promotion arm of the Qatar Development Bank (QDB), said on Wednesday they had developed a strategy based on both financing and developing of entrepreneurship in the country.
“We have plans to make Qatar shine. It will be known not for oil five to 10 years from now,” Ali Mohamed Al-Mohannadi, the export promotion officer at Tasdeer, was quoted by Gulf Times as saying.
He was interviewed on the sidelines of a two-day export competitiveness workshop organized by the QDB and International Trade Centre (ITC), a joint body of the United Nations and World Trade Organisation (WTO) that helps connects exporters with importers.
According to a strategy paper he shared with Gulf News, Qatar's non-oil exports are projected to jump up to QR3.8 billin in 2016, along with the expansion of the base of exporters.
The ambitious target indicates an almost four-fold increase compared to QR1.30 billion in 2010, the newspaper said.
But since then the authorities have redoubled efforts to broaden the base of non-oil exports by establishing Tasdeer or Qatar Export Development Agency, a body that oversees the export sector.
The key objective of the strategy, Gulf Times said, is to expand the base of Qatar's small and medium businesses in exporting non-oil products.
Al-Mohannadi said the agency was venturing many possible product but the focus at present was on plastic industry, fertilizer, processed meat, an ice cream brand, dates and olive oil that is imported from Tunisia and elsewhere to treat in Qatar for re-export.
He said the agency was encouraging small and medium enterprises (SMEs) in Qatar with services like financing, credit and risk management, insurance and helping the business partners across the globe and region.
The official added that most of Qatari manufacturing companies are exporting to countries in the Gulf region only but they were eying the wider world market in future.
Tasdeer recently launched its global export-driven initiative known as Exim Link. — SG


Clic here to read the story from its source.