The Qatar Tourism Authority (QTA) and Qatar Development Bank (QDB) launched a media campaign to invite commercial businesses and members of the private sector to Qatar tourism Investment Opportunities event to support the country’s goal of becoming a world class and hospitality destination, as part of the National Tourism Sector Strategy scheduled to be announced on the 23 February 2014 hub with deep cultural roots.

HE Issa bin Mohammed Al Mohannadi, Chairman of QTA, said:

Tourism is a growing pillar of the expanding Qatari economy, driven by the fact that Qatar is one of the fastest developing leisure and business tourism markets in the world today. QTA is leading the maturation and the development of a sustainable tourism sector, which includes increased private sector involvement, via its high-impact programs.. The Qatar tourism Investment Opportunities event in partnership with QDB is an initiative to showcase to potential private sector investors – entrepreneurs, SMEs and corporations – the potential this rapidly growing sector offers, and the incentive available to participate in its growth.’

Entrepreneurs and business leaders in Qatar are invited to attend the event on the 2 March 2014 where details of six investment opportunities will be revealed, each of which is intended to be developed by a private sector partner with support from QTA and QDB. The six projects will be the first phase of a series of investment opportunities and relate to dhow cruises; luxury coaches; 4×4 leasing; a cottage market; Meetings, Incentives, Conferences, Exhibitions (MICE) Destination Management Company (DMC); and integrated ticking and mobile information centres. A procurement process will begin following the Qatar tourism Investment Opportunities event to select a suitable developer for each project.

CEO of QDB, Abdulaziz bin Nasser Al Khalifa, said:

Our partnership with QTA falls in line with QDB’s aim to enhance the private sector’s contribution to Qatar’s economy. The importance of our efforts is to identify gaps in the tourism sector and then help the Qatari private sector fill them by converting these gaps into doable and achievable opportunities. Tourism is a strategically important component of developing a non-hydrocarbon economy towards the achievement of Qatar National vision 2030. We at QDB are mandated to support and stimulate the private sector and SME growth in the tourism sector and these six projects have been selected as a first phase because they are attractive to the private sector while having enormous potential to benefit the local tourism sector; this is a phase one of many more opportunities that will be displayed to the private sector in due course time.’

Successful bidders will receive benefit from QTA assistance with obtaining licenses; access to development and operating guidelines; priority booking for QTA functions and events; visibility on the authority’s websites and social media platforms; and, wherever possible, exposure at  international tourism exhibitions. They will also low interest rate loans and extended repayment periods from QDB.

The Qatar tourism Investment Opportunities event will take place in the Mirqab Hall at the Four Seasons Hotel on Sunday 2 March 2014 at 4 pm.