Interview: Mohamed Jaidah
What are the key enablers of cross-sectoral growth for corporate holdings in Qatar?
MOHAMED JAIDAH: An important driver of cross-sectoral growth in the country is the substantial investment made in infrastructure. In the lead-up to the 2022 FIFA World Cup, the country embarked on a significant upgrade of physical and digital infrastructure. These improvements positively impacted companies operating in the country and created an enduring legacy following the sports event. This legacy includes a business-friendly environment, which has attracted foreign companies to Qatar. Moreover, the country witnessed commendable progress in streamlining administrative processes and enhancing the efficiency of business support, facilitating fast-paced and sustainable growth.
Which factors are central to creating a risk-management strategy in a multi-vertical holding?
JAIDAH: One primary concern is the potential for false positives in identifying business opportunities. While ideas may seem promising at first, it is vital to conduct in-depth market research and assess factors such as market size, potential opportunities and the cost of conducting business in relation to your organisation’s scale. Additionally, managing rapid growth necessitates the establishment of robust internal structures and clearly defined processes across the organisation, mitigating potential financial surprises and fostering stability.
Where do you identify the highest potential for growth in Qatar and beyond?
JAIDAH: First, the oil and gas sector remains a fundamental pillar of the economy, which is outlined by numerous upcoming projects. Tawteen, led by Qatar Energy, is currently shaping the landscape of the sector, empowering local companies to assume more significant roles than before – thereby acquiring invaluable know-how and experience. Additionally, interest is growing in the financial technology (fintech) segment in Qatar. Although still in its early stages, support from entities like the Qatar Financial Centre is paving the way for innovative fintech start-ups to thrive. Lastly, sustainability is an important focal point that aligns with Qatar National Vision 2030 (QNV). This opens up opportunities for corporations to contribute to projects aimed at fostering a more sustainable future.
In what ways can Qatar’s industrial and logistics competitiveness be improved?
JAIDAH: In the lead-up to the 2022 FIFA World Cup, Qatar underwent a substantial transformation, with the industrial and logistics sectors exemplifying the push towards a more diversified economy. Leveraging its strategic location, Qatar has positioned itself as a logistics leader – connecting developed and emerging markets in Africa, Asia and Europe. For instance, the expansion of Hamad International Airport and the transformation of Hamad Port into one of the world’s largest deep-sea ports have bolstered the country’s competitive edge in the logistics sector.
The establishment of free zones, including those in Ras Bufontas and Umm Alhoul, has served as a catalyst for business growth, offering crucial support for companies seeking to establish and sustain their operations in Qatar. Additionally, the benefits associated with low electricity tariffs, and tax and Customs exemptions within these zones have stimulated economic activity.
While the hydrocarbons sector will remain pivotal, especially given liquefied natural gas’ role in the global transition to cleaner energy sources, Qatar is actively diversifying its economy in line with QNV goals. Consequently, non-energy-related revenue has grown significantly in recent years. With continued investment in infrastructure, streamlined Customs processes, the integration of modern technologies, a focus on education and workforce development, and robust economic ties with international partners, Qatar is poised for sustained expansion in both logistics and industry.
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