Thursday 28 March 2024
 
»
 
»
Story

Qatar’s investment in SMEs hits $852m

DOHA, October 17, 2016

The total investment in Qatar’s small and medium enterprise (SME) amounted to $852.3 million in 2015, said a report.

The country’s SME sector employs over 35,000 workers in 596 manufacturing units, according to the Gulf Organization for Industrial Consulting (GOIC) statement, added the Peninsula Qatar report.

The workforce in SME sector in the country accounts for 47 per cent of the total labour force of over 75,000 workers and professionals in manufacturing industries, it said.

As per the report, there were approximately 13,995 SMEs in the GCC in 2015 of which 11,288 small and 2,707 were medium enterprises that added up to form 82.9 per cent of the total 16,890 manufacturing factories in the GCC.

Abdulaziz bin Hamad Al Ageel, GOIC secretary general, said that GOIC’s 2015 statistics revealed that about $15.6 billion was invested in the SMEs sector, which was 4 per cent of the total industrial investments in the GCC valued at $393.7 billion.

He further added that approximately $6 billion was invested in small enterprises and about $9.5 billion in medium enterprises.




Tags: | Qatar | investment | SME |

More Industry, Logistics & Shipping Stories

calendarCalendar of Events

Ads