The development and support of Small and Medium Enterprises (SMEs) has played a central role in the Qatari government’s economic diversification initiatives. While the sector remains relatively underdeveloped, the government’s National Vision 2030 is focused on simulating services for SMEs while supporting economic diversification and creating employment opportunities for the national work force. As such, SMEs represent a critical economic sector of great importance to investors, business owners, and analysts.
Small and Medium Enterprise policy in Qatar falls under the authority of the Ministry of Economy and Commerce. The ministry’s activities are regulated by Emiri Decision No. 17 of 2011 that established the Qatar Authority for the Development of SMEs, also known as Enterprise Qatar. Enterprise Qatar is responsible for strategy development regarding SME creation, along with providing enterprises with technical assistance and coordinating with banks and governmental institutions for financing and marketing initiatives. With over US$ 540 mn in funding, Enterprise Qatar aims to create a business environment conducive to the development of SMEs. Additionally, the Qatar Business Development and Investment Promotion Department, created under the authority of the Ministry of Economy and Commerce, is responsible for promoting business development and attracting foreign direct investment (FDI).