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Qatar 2015: towards a knowledge-based economy

Qatar 2015 report to chart country's move towards a knowledge-based economy and encourages private sector involvement and promotes sustainable development

Sustainability is at the core of the Qatar National Vision 2030
Sustainability is at the core of the Qatar National Vision 2030

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As it strives to become a knowledge-based economy, as set out in the Qatar National Vision 2030, a raft of major projects are being rolled out by Qatar Foundation for Education, Science and Community Development (QF) and its members have a key part to play in supporting the country's priority, according to the President of Qatar Foundation.

Eng. Saad Al Muhannadi told news-service Zawya that the Qatar Foundation's support for the country's commitment to increasing human capital and fostering a society appreciative of its heritage was paramount.

“The Qatar National Vision 2030 gave Qatar Foundation a new and exciting directive to be an 'engine' of national progress in education, science, and community development," he said.

Work underway includes construction on the Education City station, which is located on the outskirts of Doha and is planned to connect with a regional railway, and aims to be a centre for educational excellence in the Persian Gulf region.

QF's Education City location will serve as a role model in Qatar's drive to promote sustainable development through initiatives that include an electric bike system, light rail line and a solar energy project. The QF President pointed to institutions that he said were pushing boundaries in research at QF-member HBKU at Education City as well as the breadth of courses available to students, embracing medicine, art and design, engineering, computer science and journalism across the eight partner universities.

Al Muhannadi was interviewed by OBG as part of the research for The Report: Qatar 2015, a guide to the country's economic activity and investment opportunities.

Projects currently under construction outside Education City, which include the Mandarin Oriental Doha, the Park Hyatt Doha, and the Alwadi Hotel, MGallery Collection by ACCOR in the heart of Doha's downtown, is indicative of the key role that Qatar Foundation has in driving infrastructural development. Al Muhannadi also highlighted the organisation's collaborative ventures, such as ASTAD Project Management - a  joint venture between QF and Qatar Petroleum, overseeing the construction of some of the region's architecture, led by the National Museum of Qatar.

The president said the Foundation encouraged the private sector to play a bigger role in Qatar's sustainable economic development, especially across sectors targeted for growth. "Qatar Foundation continues to encourage collaborations and ventures in sectors that serve its vision and mission, making them optimal investment opportunities for the domestic private sector," he said. "Since creativity, intellect, and critical thinking are key, it places development of human capital as the priority for the next two decades. We work closely with our partners, who range from schools to corporations across the world, to ensure efficiency, relevancy and innovation."

The Report: Qatar2015 will be a guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will be available in print or online.

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