The annual report of the bold capital in its fifth edition issued by Qatar Development Bank in cooperation with the “Magnet” research platform, the increase in the volume of bold investment deals in Qatar, by 135 percent in 2024 on an annual basis, to 115 million riyals.
“Qatar Development Bank” indicated in a statement today, that the report showed the increasing role played by the State of Qatar as an attractive center for investment in the Middle East and North Africa region, where the number of bold investment deals in the country increased by 24 percent in 2024 compared to the previous year.
The report also indicated that Qatar would rise in the overall ranking of the number of bold investment deals in the Middle East and North Africa in 2024, to be fourth in terms of the number of deals, by acquiring 5 percent of the total deals in the region.
On the other hand, Qatar ranked sixth in terms of bold investment in the Middle East and North Africa region for 2024, which is 4 times its share in 2023.
The investment arm of the “Qatar Development Bank” achieved the fourth place in the Middle East and North Africa region among the most active investors in the number of deals compared to investment funds in the region, which confirms the leading role of the State of Qatar in the investment sector and enhances its position as a center of innovation.
Mr. Abdul Rahman bin Hisham Al -Suwaidi, CEO of Qatar Development Bank, said: “We continue our pioneering enabling role in the field of bold investment in Qatar, to complete the march of nine years of support, and today with the review of the data presented in the report, we realize the dimensions of the role we play in helping And the empowerment of the national entrepreneurial system, as we are proud of the progress of the sector and the increase in the participation of investors from the private sector and international investors, which exceeded 50 percent of the total investments.
Al -Suwaidi added: “We aim at this stage to expand the base of investors and funds in Qatar, and we have launched in this regard a number of pioneering initiatives in the region, including the” Start from Qatar “investment program under the umbrella of the” Start from Qatar “platform announced by the Investment Promotion Agency In Qatar last year, the “Arab Investment Pioneers” program and the “Partial Guarantee” program and others, aiming to raise the volume of investments and support participation in the private sector.
For his part, Filippe Bahoushi, CEO and founder of Magnet, said Qatar has witnessed a remarkable development in the past year, as prominent activities such as the web summit were organized, in addition to the launch of the new “Fund” fund and the emergence of many bold capital boxes that were established In the country.
On the other hand, the report stated that the financial technology sector in Qatar excels, as it is the most traded and successful sectors, as it obtained 29 percent of deals in 2024, an increase of 12 percent over 2023, which shows the success of initiatives in this sector.
“Qatar Development Bank” emphasized its commitment to developing the financial technology sector with partners in Qatar and the region through the Qatar Financial Technology Center to enhance investments, attracting emerging companies to localize their business in Qatar, and developing the necessary products to enable the private sector to increase its participation in the bold investment sector.