Qatar’s manufacturing industry expected to hire 101,000 workers by 2025

Qatar’s manufacturing industry expected to hire 101,000 workers by 2025

According to a recent report issued by KPMG, the number of workers employed in the manufacturing industry is likely to expand to 101,000 in 2025. The Qatar’s manufacturing industry will flourish as a key employment generator in the country over the next few years, driven by efforts of the government to diversify the economy and boost Small and Medium Enterprises (SMEs). 

The report titled ‘Qatar Industrial Landscape 2.0: Resilient and Stronger’ by KPMG stated that “The government’s effort to boost SME sector manufacturing and the shifting focus towards non-hydrocarbon sector exports is expected to drive the production value for manufacturing sector by 30 percent from 2019 to 2025.”

The report also highlighted that “The number of people employed is also expected to grow from 85,000 to 101,000 in 2025 along with rise in number of establishments by 1.2 percent CAGR to 3,486 from 3,239 during the same period.”

The government has made a progress in Qatar National Manufacturing Strategy 2018-2022 that aims at accelerating growth in the manufacturing sector as an engine for economic development and diversification. 

In accordance with Qatar National Vision 2030 and second National Development Strategy (NDS-2), a comprehensive manufacturing strategy that was initiated to create conditions to enable a vibrant manufacturing sector, remove artificial constraints and create a unique investment proposition for its manufacturing sector. The manufacturing industry strategy is based on nine enablers that would help redefine the manufacturing landscape in Qatar. 

Also, it has identified seven manufacturing strategic sub-sectors such as polymers, plastics, aluminium, additive manufacturing, food & beverage, pharmaceutical and extreme environment services.

In its vital report KPMG has said that “After contracting by 16 percent in 2020 due to COVID-19 pandemic which reduced production and consumption, the economy is expected to rebound and post 5.2 percent year-on-year growth in 2021. The share of the manufacturing sector is expected to rise from 7.8 percent in 2019 to 9.4 percent in 2025.” 

The report further added that “The production value for mining and quarrying sector is expected to increase steadily from 2019 to 2025 at a CAGR of 6 percent driven by the government’s plan to increase the production capacity for natural gas production by 2024. This is likely to drive employment to 40,000 in 2025.”