Investment promotion agency, Invest Qatar, announced a US$1 billion investment promotion program aimed at accelerating investment inflows and diversifying the Qatari economy. Unveiled during the 5th Qatar Economic Forum, the initiative offers financial support for both local and international investors, covering up to 40% of expenses, including setup, construction, leasing, and staffing, for up to five years.

The program’s first phase includes four off-the-shelf packages. The Advanced Industries Package targets high-tech sectors like pharmaceuticals, chemicals, automotive, and electronics. The Logistics Package promotes infrastructure, automation, and logistics services. The Technology Package supports growth in cybersecurity, cloud computing, artificial intelligence, and data innovation. Meanwhile, the Lusail Financial Services Package focuses on fintech, insurance, asset and wealth management, and encourages firms to set up in Lusail, Qatar’s key financial hub.