Qatar Attracts VC Firms To Set Up Regional Hubs
Qatar's "fund of funds" programme, which invests in venture capital firms, has attracted six firms to establish regional hubs in the country. These hubs will provide critical infrastructure for start-ups and scale-up companies across the Middle East and North Africa region. The move is expected to boost Qatar's status as a key player in regional entrepreneurship.
- The establishment of these VC firm hubs in Qatar could represent a strategic shift by the Gulf state to become a more active player in promoting innovation and economic growth, potentially repositioning itself as a rival to Silicon Valley.
- Will this effort be enough to overcome existing concerns about Qatar's restrictive business environment and limited access to capital for local start-ups?