Qatar as a nation is committed to the rapid digitization of its economy. Starting with the grand strategy of the Qatar National Vision 2030, to the programs supporting this vision such as the Qatar e-Government 2020 strategy and the ambitious Tasmu Smart Qatar program; government initiatives and encouragement have created a groundswell of activity and interest in the digital sector.
Due to these grand programs, complemented by global events such as the FIFA World Cup 2022, massive amounts of funding is being allocated into the digital economy. As a result of this investment, both private and public sector stakeholders are gaining an increased awareness about the benefits of digital technologies.
By 2022, it is expected that the Qatari market for investment in priority digital technology areas will exceed US$1.65b. The government is aiming to create an investor-friendly business environment by ratifying new laws around foreign ownership, amending existing Free Zone laws and streamlining procedures for administrative processes such as business incorporation and issuing business licenses.
With a private sector increasingly becoming aware of the benefits of digital technology and a public sector dedicated to digital transformation and implementation, there are a significant number of opportunities for existing and new market entrants in emerging and established digital spaces.