Rising to the occasion

 06 Feb 2018 - 15:19

The Peninsula

The unjust siege declared on Qatar on June 5 last year by four countries led by Saudi Arabia has turned out to be a blessing in disguise for Qatar in several fields. It acted as an accelerator in setting up new businesses, farms and industries aimed at making Qatar self-sufficient. Especially the small scale enterprises (SME) sector is witnessing a resurgence as evident from the opinion of major bankers in the country.

An official of Qatar Development Bank (QDB) said recently: “Definitely, the blockade has its impact on the market, not just on SMEs but also on entrepreneurship. The blockade itself was an accelerator for understanding the importance of entrepreneurship and the private sector along with creativity and innovation.”

The private sector, in tandem with the government authorities and banks, has been playing a major role, not only in making Qatar self-sufficient, but also in keeping its head high despite the nefarious intentions of the blockading countries.

The data recently released by Qatar Chamber shows a 13.4 percent increase in the number of new companies registered last year compared to 2016. The manufacturing sector stands apart among the industries in the growth rate in new registrations and expansion of existing units as well. The ‘Own Your

Factory in Qatar in 72 Hours’ project, launched after the blockade, also contributed significantly to spur the growth in this field.

“The mentality now has changed. How we see our priorities has changed. The blockade has provided us a focal point for the future, that is what the blockade did for us,” the QDB official said.

The people of the country have been expressing their strong patriotism and commitment to their dear nation by rising to the occasion and doing their bit to maintain the development graph visualized by the leaders.

The timely intervention by the government resulted in alleviating the difficulties faced by the people of Qatar immediately after the blockade. Relaxation of rules and incentives offered by the government were a major catalyst in setting up home-grown businesses, industries and farming. The establishment  of special economic zones are attracting a great number of foreign investors.

All these show that Qatar is on the right path to the envisioned development. Private sector and public sector are working hand in hand to spur the growth of the country and thus making it self-reliant. If we commit ourselves to keep up this momentum it will not be difficult to realise Qatar National Vision 2030 in a timely and orderly manner.
Qatar is giving a fitting reply to its detractors who wanted to cast a sorry figure of the country by levelling unfounded allegations and imposing unjust blockade.