Qatar Chamber Board Member and President of the Qatari Businesswomen Forum (QBWF) Ibtihaj Al Ahmadani
Doha: The participation of Qatari women in the financial and business sectors has increased at an accelerated pace over the past few years and has spread to all economic sectors, which has had a positive impact in improving their contribution to the national economy, the private sector and the strengthening of their social protection.
According to data from the Qatar Chamber, around 7,000 Qatari women hold partial or full ownership in businesses registered with the Chamber, while the number of female authorized signatories who have the right to run businesses is around 4. 900 and the number of authorized signatories only is over 4,700 Qatari women.
Ibtihaj Al Ahmadani, Qatar Chamber Board Member and President of Qatar Business Women Forum (QBWF), said Qatari business women have achieved great success in the business world and have a clear footprint in various economic sectors. The past few years have been marked by intense economic activity by women benefiting from the support and direction of leaders, good governance policies that support women and focus on empowering and activating women’s economic participation, a she noted.
In a statement to QNA, Al Ahmadani added that it was natural that these efforts translate into a large presence of Qatari women in economic development, and especially in the labor market and entrepreneurship. She pointed out that Qatari women have broken into fields of endeavor that were reserved for men in the past and have achieved remarkable success.
The rise of women in the world of finance and business is attributed to Qatari legislation that supports women and motivates them to grow their businesses without exception or discrimination, in addition to the facilities offered by the investment environment in Qatar. , which has encouraged many businesswomen to increase investment demand. Their investments are estimated to amount to billions of riyals and form a significant part of economic activity in Qatar, suggesting that women’s contribution to the national economy will increase year on year, he said. she pointed out.
Al Ahmadani also pointed out that the strong presence of Qatari women in family businesses is explained by the fact that most women start their projects as family businesses and then gradually transform into public or private joint-stock companies. Family businesses constitute an important part of the economic heritage of the Gulf, noting that family support, whether material or moral, to businesswomen has greatly contributed to their acquiring sufficient experience and knowledge to manage large enterprises and enter various investment sectors, and this type of enterprise has high confidentiality in management and organization.
The role of Qatari businesswomen is not only centered on family businesses, but there are businesses owned, created and managed by businesswomen who have been able to, individually, transform them from ideas into businesses on the ground, she added.
On the other hand, Al Ahmadani noted that there are successful partnerships between Qatari businesswomen and their counterparts from Arab and Gulf countries in various sectors, but they do not have the size required. She added that the forum aspires for more partnerships and alliances between Gulf and Arab businesswomen and to develop them among Gulf business owners in order to benefit from the appropriate investment climate in the countries of the Gulf. Cooperation Council for the Arab States of the Gulf (GCC).
For her part, entrepreneur Haya Al Dosari said that businesswomen have been able to reach new heights in the field of economy and investment, noting that entrepreneurship-related activities have become the most dominant among women’s projects.
She explained that the role of Qatari businesswomen is not limited to focusing on traditional sectors such as hospitality and domestic projects, but rather goes beyond that by investing in various economic activities and sectors.
In statements exclusive to QNA, Al Dosari highlighted that she was among the graduates of the “Women’s Economic Empowerment Project”, which held events and workshops for women to train them on how to enter. in the world of money and business. She said that she was trained on how to establish a business project and followed after training on idea proposal, planning and implementation of the project on the ground. An integrated program has been implemented in this regard, which has resulted in the creation of three companies, which already have plans for growth and expansion.
The fields in which Qatari businesswomen are active vary to include most economic sectors, particularly in the area of small and medium-sized enterprises (SMEs). The most notable presence of women is in the sectors of industry, tourism, real estate, entrepreneurship and construction, trade and services – especially education and health – electronic design, general trade, import and export and local production of packaged foods and perfumes. , in addition to beauty centers and the like, as well as women’s investments in local stocks on the stock exchange. There is also great activity for home business owners and productive families providing high quality products at competitive prices.
Gender equality and women’s empowerment is a fundamental and essential pillar of Qatar’s National Vision 2030, which has given valuable attention to the issue of women’s empowerment and capacity building, ensuring that that they enjoy their right to work, allowing them to participate in economic activities. , providing them with decent work and improving their social protection. Qatar is at the forefront of countries defending women’s rights and ensuring their economic empowerment.