In a move reflecting its commitment to economic growth and global competitiveness, Qatar announced a strategic decision to expand the scope of the Hayya Platform during a Cabinet meeting. This aligns with Qatar’s vision to become an attractive destination for global investments and talent, particularly in technology, innovation, real estate, and entrepreneurship.
The platform will offer tailored facilities for high-impact groups, including:
-Investors, through streamlined residency procedures and a flexible business environment.
-Property owners investing in the local market to boost housing and urban development.
-Entrepreneurs, via supportive platforms for startups and innovative ideas.
-Global talent in technology, science, sports, culture, and creative industries, through customized residency programs and competitive incentives.
This initiative is part of a broader strategy to position Qatar as a regional and global hub for business and innovation, building on previous efforts such as:
-Special economic zones offering tax exemptions and accessible financing.
-Permanent residency programs like the “Premium Residency” for investors and exceptional talent.
-Infrastructure development supporting the digital economy and entrepreneurship.
Economists view this as Qatar’s shift away from oil dependency toward a diversified knowledge-based economy. The move is expected to boost foreign investment inflows, particularly as Qatar prepares to host major events like the 2030 Asian Games. The government is also working on new legislation to support this strategy, including simplified visa and residency processes, partnerships with global tech and scientific firms, and training programs to develop local talent alongside attracting international expertise. Qatar aims to establish itself as a permanent hub for growth and innovation, beyond hosting major events.
