According to the official agency, the Qatari Council of Ministers called for the preparation and implementation of a package of initiatives to increase the participation of the private sector in the national economy, based on the directives of Emir Sheikh Tamim bin Hamad Al Thani.
The initiatives aim to provide support to private companies struggling to recover from the pandemic and strengthen the private sector as part of the government’s plans to diversify the economy, create job opportunities and attract investment.
The Qatar News Agency added that loans to Qatari companies will be dropped under the National Guarantees Program, and companies will also be able to access short-term financing to finance working capital.
And I hurried Qatarone of the world’s largest exporters of liquefied natural gas, has begun its efforts to diversify economic sectors and revenue streams, but remains dependent on gas revenues for government income.
The latest initiatives are in line with Qatar’s third national development strategy 2024/30.
