30 70 Data from the Ministry of Commerce and Industry also showed the operation of 18 new factories and the launch of 81 new local products during the fourth quarter of 2021. According to the data published by the Ministry of Trade and Industry, the contribution of manufacturing industries to the GDP amounted to QR15.880 billion in 2021, while the value of exports of goods of local origin reached QR97.409 billion during the fourth quarter of 2021. The industrial sector achieved 6% growth during the year 2020, in conjunction with the progress made in projects to develop the small and medium industries area. The Ministry of Commerce and Industry also disclosed its plan to achieve growth in the manufacturing sector exceeding 4% during the year 2022. The ministry said: One of the objectives of the industrial strategy is to achieve a 4.5% growth rate in the manufacturing sector. The exports of the local private sector until end of 2021 amounted to about Qr26.4b., compared to Qr15b for the same period in 2020, achieving a record increase of more than 77%. Figures and indicators confirm the leadership of the industrial sector in growth and production during the past seven years. The industrial sector has maintained its continuous growth pace since the beginning of 2015 in various productive sectors to keep pace with the needs of local market for goods and commodities, on which national industrialization depends. Since the beginning of 2015, the number of new factories has reached 131, while industrial investments have grown by about QR9b within 7 years. Promising Growth for 2022 The Ministry of Commerce and Industry data also showed the commencement of 23 new factories, launch of 920 local products and employment of 1,550 workers during the first quarter of this year. The chairperson of the Qatar Chamber of Commerce and Industry, Khalifa bin Jassim Al Thani, stated that the contribution of the Qatari industrial sector in the GDP rose to 8.7% in the first half of 2021, compared to 7.3% in 2020. Estimates of the quarterly GDP at current prices rose to 40.6%, and exceeded QR176b ($48.4 billion) in the third quarter of 2021, compared to the estimates of the third quarter of 2020. He pointed out that the industrial sector achieved a growth rate of 6% during 2020, and the number of factories reached 927, with a volume of investments of about Qr263 billion ($72.2 billion), which confirms the success of the State's economic diversification strategy. Government support for the industrial sector has contributed to enhancing the sector’s growth and developing its performance through the launch of many initiatives and facilities, including postponing some bank loan payments to Qatar Development Bank, exemption from rental value, launching the initiative to own a factory within 72 hours, finding alternative markets for local factories and importing raw materials through them and exporting their products. Investment Sectors | Industry
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