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Is It Time for Founders to Move?

Posted: Mon Jan 06, 2025 3:46 am
by sadiksojib35
Senior Analyst at Venture Consulting Blank

Tatyana Makeeva, senior analyst at venture consultancy Blank, said that over the past decade, the Gulf countries have been rethinking the role they want to play in financial markets.

Once known as a key supplier of natural gas, Qatar is now pouring billions into developing venture capital and startup ecosystems. Although investment volumes are lower than those of neighbors like the UAE and Saudi Arabia, Qatar’s innovative brand is already known around the world.

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Content

Qatar's Goals: All About Technology and Investments
What difficulties does the country experience on the way to achieving its goals?
Where to start for those who are moving now


Qatar's Goals: All About Technology and Investments
At the heart of Qatar’s transformation is its vision, Qatar National Vision, which aims to reduce belarus phone number lead its reliance on hydrocarbons. Qatar’s goal is clear: to become a hub for technology, entrepreneurship, and venture capital.

Qatar has pledged to invest $3.5 billion in advanced technology development over the next few years, and a number of steps have already been taken to implement this plan.

Qatar Investment Authority (QIA) has launched a $1 billion initiative to support startups in fintech, e-commerce, and healthcare. Like all fund structures, QIA invests indirectly through other venture capital funds.

The country’s strategic priorities are also reflected in the creation of the Qatar FinTech Hub, an accelerator and regulatory sandbox run by the Qatar Central Bank. High hopes are pinned on the Qatar Science & Technology Park (QSTP), which is already home to more than 50 startups and international corporations. In 2023, QSTP launched a $100 million Tech Venture Fund, focused primarily on seed rounds.

Qatar’s experiments with business regulation are moving beyond the sandbox to the national level. The 2019 Foreign Investment Law now allows foreigners to own 100% of a company in most sectors, a significant relaxation of previous rules.
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