Qatar is rolling out a new incentive program aimed at luring tech startups to establish or expand operations within the Gulf state. The scheme provides funding packages of up to $5.5 million per company, covering everything from seed capital to infrastructure costs. Officials say the move is designed to diversify the economy beyond hydrocarbons and position Qatar as a regional hub for innovation.
The initiative arrives as the Middle East intensifies competition for tech talent, with neighboring nations also courting startups through tax breaks and free‑zone benefits. By offering sizable financial support, Qatar hopes to attract firms specializing in AI, fintech, and clean‑tech, fostering a vibrant ecosystem that can generate high‑skill jobs and spur domestic research partnerships.
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