Prime Minister unveils Ministry of Commerce and Industry and Qatar National Manufacturing Strategies 2024-2030

HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs, unveiled the Ministry of Commerce and Industry Strategy and Qatar National Manufacturing Strategy for 2024-2030 under the theme ‘Achieving Sustainable Economic Growth.’ 

These comprehensive strategies aim to drive sustainable economic development, diversify key economic sectors, boost private sector contributions, advance manufacturing capabilities and strengthen Qatar’s economic competitiveness in regional and global markets, in line with the Qatar National Vision 2030. 

During the launch ceremony, HE Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Commerce and Industry, said: “The Ministry’s strategy aligns with Qatar’s Third National Development Strategy. It further aims to diversify our economic sectors and achieve a 3.4 percent compound annual growth rate in non-oil sectors by 2030. Additionally, we are targeting USD 100 billion in foreign direct investment by 2030, while creating an investment climate that will establish Qatar as a leading innovation hub and preferred investment destination, both regionally and globally.” 

HE added: “The strategy is built on four key pillars: institutional excellence, enhancing the business and investment environment, developing local industries and trade, and ensuring consumer protection while promoting healthy competition. The strategy also emphasises increasing direct economic impact, boosting productivity in priority sectors, fostering public-private partnerships, supporting small and medium enterprises, strengthening intellectual property rights, and advancing national self-sufficiency.” 

The Minister also revealed comprehensive plans to implement over 216 projects and initiatives, with robust key performance indicators in place to track progress and ensure continuous evaluation. 

 Complementing this, the National Manufacturing Strategy for 2024-2030 sets out fundamental pillars to establish the sector as a key driver of innovation and development. 

Through this, the Ministry aims to transform the industrial sector’s competitive landscape, targeting raising the sector’s value addition to QAR 70.5 billion, increasing non-hydrocarbon exports to more than QAR 49 billion and attracting annual industrial investments worth QAR 2.75 billion by 2030. 

Qatar’s National Manufacturing Strategy sets ambitious targets through 15 key initiatives and 60 projects. It aims to achieve 50 percent diversification in the manufacturing sector, boost private sector contributions to QAR 36 billion and secure Qatar’s position among the world’s top 40 nations in the Competitiveness Industrial Index—all driving toward a more sustainable economy. 

To achieve this, the strategy prioritises four transformative areas: shifting to smart and green manufacturing, increased R&D investment for productivity, restructuring educational outcomes to match industrial requirements and expanded opportunities for Qataris within the manufacturing sector.