Industries in Qatar’s non-hydrocarbon sector are expected to contribute 9.1% to Qatar’s GDP growth between 2013 and 2016, a GCC business consultant said yesterday.
Dr Abdul Latif al-Khaja made the statement during the press launching of the Qatar Plastic, Printing, & Packaging (QPPP) Exhibition, which would be held from October 26 to 28 at the Qatar National Convention Centre (QNCC).
According to al-Khaja, Qatar’s GDP growth is expected to reach 6.9% between 2013 and 2016 with the oil and gas sector contributing an expected 4.4% and 9.1% by the non-hydrocarbon industries.
While the government has focused on developing Qatar’s energy sector in the past, al-Khaja said the oil and gas industry would take a back seat as investment in the non-hydrocarbon industries will drive the economy.
“This model of investment would lead to the development of the State…so you see, it only goes to show that Qatar is no longer focusing too much on the energy sector and they want us to focus on other non-hydrocarbon industries,” al-Khaja said.
He also noted that the QPPP event does not only promote awareness on the availability and presence of the latest technological advances from industries participating in the exhibition but it also supports the Qatar National Vision 2030 and the country’s thrust to diversify away from the oil and gas industry.
“The Qatar National Vision 2030 will lead us to a wise management of the economy… we need more investors and this is one of the primary motives and reasons why we are holding this event,” al-Khaja said.
Khaled Abdou, chairman of the Chamber of Printing & Packaging Industries and the Federation of Egyptian Industries, noted that the Arab printing and packaging sector has been witnessing many challenges amid “the promising opportunities and future prospects.”
“We support this exhibition believing in the important role to continue the existing achievements and potentials in the Arab world and to work on attracting joint investments in this promising sector,” Abdou said.
Event organiser Sherif el-Kallini, CEO of Professional Creators, said the event would gather local and international leaders in the plastics, printing, and packaging industry with major companies from the GCC, Germany, Britain, France, Italy, Spain, Korea, and India showcasing their latest technologies.
El-Kallini said the exhibition was being held under the patronage of the Ministry of Energy and Industry and Qatar Chamber, in collaboration with the Egyptian Export Council for Chemical Industries and the Chamber of Printing & Packaging Industries.