Despite the actual situation, the economy of Qatar is performing better than expected. According to the international monetary fund the Qatar economy is expected to post an average GDP growth 2.6 % before rising to 3 % in 2019. The Qatar economy depends in the food sector on 90% imports. Qatar has found alternatives to diversify suppliers and boost the local production by financing food industries and promoting the local products. Local companies started importing vast quantities of raw products into Qatar to use it in their production line to make items for the consumer market.
International suppliers for the local market
Local distributors were facing a big challenge while being able to provide new products for the local market. Many international suppliers and economic organisations have approached local distributors in order to present their products. In the food sector it has become crucial to keep importing foods from different countries to be able to maintain the same rate of consumption. Also, the diversity of international brands and products is a testimony to motivate consumers to taste and discover a wide range of products.
Opportunities for Swiss SMEs in the food sector
Based on the information stated above, Qatar provides various interesting opportunities within the food industry. Swiss companies should not only think about exporting their food products but also machines for food production, as the number of food manufacturers has increased.
Our Senior Consultant responsible for the region, Ruedi Büchi, is happy to provide further information about the opportunities and help with initial assessment. Contact now!
