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Tribune News Network
Doha
The coordinating committee for the single window system management highlighted its achievements and its future goals to attract investments to Qatar duing the International Products Exhibition and Conference 2018 (IPEC), a press release said on Tuesday
The committee's first initiative was the launch of the single window system, which streamlines the administrative procedures in the country.
The second initiative, the 'Own your Factory in Qatar', helps investors in the industrial sector get all the necessary facilities to start a business in just 72 hours.
Bringing to fruition a slew of achievements, the committee has managed to establish more than 5,000 local companies and 80 international to date, as well as reducing the time spent on the process of issuing licenses from one year and half to 72 hours only, in order to fast-tracking the establishment of 60 factories in eight different sectors such as food, metal, paper, rubber and plastic, chemical, electric, medical, machinery and vehicles and a total of 8000 applications were submitted by investors so far.
The committee's ultimate goal is to become an ideal platform for foreign investor to benefit from a broad range of services that helps them complete all their operations and communicating with 21 different governmental bodies through a single window, and grant them access to information and investment opportunities for entering the Qatari market in best international practice.
According to Salman Mohamed Kaldari, the Chairman of the Coordinating Committee for the single window system management, the system is based on two main pillars: the first one is facilitating, simplifying and linking all the procedures provided by 21 governmental entities related to establishing or issuing a license for a new business, and the second one is facilitating the dealings of the local and foreign investors at a single window.
Kaldari said Qatar through the single window system offers a wide range of privileges for qualified investors which includes helping investors get all the necessary facilities to start a business in just 72 hours, providing immediate access to visas, offering guarantees with land readiness of industrial infrastructure like water, electricity, gas, and near to Hamad Port - one of the largest ports in the region - and the air cargo network, in addition to giving priority in government procurement to national products.
He also stressed on the importance of the single window system's role as a knowledge base, in providing information about investment opportunities from the concerned governmental entities and therefore contribute to the development of the national economy
