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Tribune News Network
Doha
Qatar recorded industrial investments worth QR13 billion ($3.5 billion) in the past five years as the period saw 380 new industrial facilities coming up in the country, according to a Qatar Chamber (QC) study.
“The manufacturing industries sector has seen a considerable growth in the past five years in terms of the number of facilities and production fields,” it said.
The study, which analysed production capacities and degree of utilisation as an input to enhance the growth of the manufacturing industry in Qatar, found that a large percentage of manufacturing industries in Qatar are concentrated in the food sector.
However, it added, in terms of the type of manufacturing industries, they are distributed in an appropriate economic manner over the entire branches of manufacturing industries.
Based on data collected by the Ministry of Commerce and Industry, the study indicated that the facilities of the food products industry have increased by 103 percent, which is the largest growth rate among all other manufacturing industries, including oil and gas related industries.
“This quantitative and qualitative development contributed significantly to increasing the industrial diversity in a manner that corresponds to the plans adopted by the country to achieve the economic stability through diversifying sources of income as well as increasing the attractiveness of the Qatari economy to domestic and foreign investments,” the study said.
The study also noted that the rise in market shares of Qatari manufacturing industries in local markets to satisfying levels near to achieving the relative self-sufficiency would help provide the national economy a solid basic foundation for the next stage in planning for the future of the industry.
It also showed that the machinery and equipment manufacturing has grown significantly as their facilities have also increased by 82 percent during the last five years. This gives manufacturing more flexibility in planning for other components with lower comparative advantages such as raw materials and other productive inputs.
“Qatari industries have to effectively exercise control over the various cost elements to improve the level of competitiveness of their products at the local and foreign markets,” it recommended.
The Chamber stressed that the interest in studying productive capacities in the non-oil manufacturing sector is of special importance as it helps in shaping the future policy for this sector within a long-term strategy.
In conclusion, the study emphasised, that with all these scenarios, attention must be focused on the degree to which the available production elements are exploited in the production process with the least possible amount of these elements and at the lowest possible cost.
The cost here is an important element essentially related to the use of optimal energy so that there is no excess production capacity that constitutes expenses for the enterprise without return.
Doha
Qatar recorded industrial investments worth QR13 billion ($3.5 billion) in the past five years as the period saw 380 new industrial facilities coming up in the country, according to a Qatar Chamber (QC) study.
“The manufacturing industries sector has seen a considerable growth in the past five years in terms of the number of facilities and production fields,” it said.
The study, which analysed production capacities and degree of utilisation as an input to enhance the growth of the manufacturing industry in Qatar, found that a large percentage of manufacturing industries in Qatar are concentrated in the food sector.
However, it added, in terms of the type of manufacturing industries, they are distributed in an appropriate economic manner over the entire branches of manufacturing industries.
Based on data collected by the Ministry of Commerce and Industry, the study indicated that the facilities of the food products industry have increased by 103 percent, which is the largest growth rate among all other manufacturing industries, including oil and gas related industries.
“This quantitative and qualitative development contributed significantly to increasing the industrial diversity in a manner that corresponds to the plans adopted by the country to achieve the economic stability through diversifying sources of income as well as increasing the attractiveness of the Qatari economy to domestic and foreign investments,” the study said.
The study also noted that the rise in market shares of Qatari manufacturing industries in local markets to satisfying levels near to achieving the relative self-sufficiency would help provide the national economy a solid basic foundation for the next stage in planning for the future of the industry.
It also showed that the machinery and equipment manufacturing has grown significantly as their facilities have also increased by 82 percent during the last five years. This gives manufacturing more flexibility in planning for other components with lower comparative advantages such as raw materials and other productive inputs.
“Qatari industries have to effectively exercise control over the various cost elements to improve the level of competitiveness of their products at the local and foreign markets,” it recommended.
The Chamber stressed that the interest in studying productive capacities in the non-oil manufacturing sector is of special importance as it helps in shaping the future policy for this sector within a long-term strategy.
In conclusion, the study emphasised, that with all these scenarios, attention must be focused on the degree to which the available production elements are exploited in the production process with the least possible amount of these elements and at the lowest possible cost.
The cost here is an important element essentially related to the use of optimal energy so that there is no excess production capacity that constitutes expenses for the enterprise without return.
