The manufacturing sector of Qatar is showing a robust growth as 18 new factories were established in the fourth quarter of the last year.
According to figures released by the Ministry of Commerce and Industry, the number of new local products registered in the last quarter of 2021 was 81. In the same period, 768 new workers were inducted in factories while factory adherence to industrial requirements remained at 75%.
As per the data of the Ministry on its official Twitter account, almost 3-day average time was required for industrial development services. The contribution of manufacturing industries to the GDP in Q3 of last year was QR15.88bn. The total exports of local origin in the fourth quarter of the last year were QR97.41m.
According to the Ministry’s data, Industrial-Manufacturing Production Index in October 2021 reached 111.7.
It is pertinent to mention that the manufacturing industry of Qatar had contributed QR12.02bn to GDP in the first quarter of 2021 thus there is almost QR3bn increase when Q1 of 2021 is compared with Q3 of the same year.
According to an earlier data of the Ministry, 12 new factories had been added to the industrial sector from April to June 2021 while the worth of total exports of local origin had reached QR68.28m in Q2 of 2021. There was an increase of 719 workers in factories in Q2 of 2021. The Ministry had earlier revealed that 32 more local products had been registered in Q2 of 2021.
The comparison of data of Q4 2021 with the first or second quarters of the same year indicate an increase in all areas showing that Qatar’s economic diversification plans are moving fast in the desired direction.
As per the data shared by the Ministry in June last year, the manufacturing industry had contributed over QR10bn to Qatar’s GDP in the fourth quarter of 2020. If Q3 2021 is compared with Q4 2020, there is an increase of around QR5bn in contribution of manufacturing industry to country’s GDP.
Qatar National Manufacturing Strategy 2018-2022 aims to accelerate growth in the sector to develop and diversify state’s economy.
According to information released by the Ministry of Commerce and industry in May 2021, the recycling industry in Qatar produces 215 products from 135 factories. Paper products and the printing industry contributes 78 products from 62 factories.
Qatar’s building materials and chemical products industry has 281 factories with 392 products. The medical products sector makes 22 products from five factories.
The metal industry with 179 factories makes 291 products.
Source:https://thepeninsulaqatar.com/article/05/03/2022/qatar-manufacturing-sector-sees-robust-growth