Finance Minister hails SMEs’ role in public projects. Private sector entities, including small and medium enterprises (SMEs), in Qatar spent QR39bn on public projects in the last nine months, indicating the efficacy of the government’s ‘centralisation of policies and decentralised implementation’.
“Qatar is moving towards supporting economic activities in non-oil sectors while enhancing the private sector’s role in implementing a wide range of development projects,” he said, stressing the country’s keenness to enhance competition, transparency and efficiency in the sovereign agencies’ contracting procedures through the new tenders and auctions law. The government has taken many legislative measures aimed at providing various facilities and incentives for local and foreign investments and encouraging the private sector to contribute effectively to support growth in various non-oil sectors, considering financial and administrative control rules are in line with openness, equality, justice and transparency principles.
“The government has adopted and developed modern management methods, which rely primarily on centralisation of policies and decentralised implementation, in order to diversify the Qatari economy’s structure, expand the role of the private sector and encourage private initiatives aimed at exploiting the available capabilities, especially in the industry and trade sector,” al-Emadi said.
Qatar’s economy is currently witnessing a “significant” momentum in the implementation of development projects, he said, adding it clearly shows the continued rise in allocations for major projects in the budget and opportunities for public-private partnerships.
Moushtrayat aims to demonstrate the ability of national SMEs to compete in a highly professional way to execute local market tenders, while ensuring high performance standards and providing companies with opportunities to network with several buyers from the government, semi-government and private sector.
“It (Moushtrayat) aims at spreading a culture of co-operation among exhibitors from the government and semi-government sectors, private companies as well as SMEs, that face great difficulties in accessing bid opportunities,” QDB chief executive Abdulaziz bin Nasser al-Khalifa said. The conference seeks to complement the efforts being exerted by the Ministry of Finance to pave the way for the SMEs to communicate directly with the buyers of services or products, he added.