Web Summit Qatar 2024 culminates in inking 24 MoUs between Qatari institutions, global technology firms
Web Summit Qatar 2024, the world’s largest tech event, concluded on a high note with the signing of 24 memorandums of understanding between Qatari institutions and the most well-known international technology companies, with the goal of promoting innovation and entrepreneurship in Qatar, according to QNA.
Among the memorandums of agreement signed were one between Qatar Development Bank and Ooredoo, and another between QN Bank and the Web Summit, announcing the bank’s sponsorship of the event for the following four years. Taking care of The Web Summit is part of the State of Qatar’s efforts to realize the Third National Development Strategy 2024–2030, which is the last phase of realizing the Qatar National Vision 2030. Its objectives are to initiate projects that will improve the nation’s technological ecosystem, foster innovation, and develop skills in this area to support economic diversification.
As the first edition of Dohas comes to an end, it has accomplished a number of firsts and broken numerous records. Over the course of four days, 1,043 innovative ideas from 81 nations—10% from Qatar and 20% from Africa—were showcased to 15,453 delegates from 118 countries at the summit. Thirty percent of the 380 speakers, 148 partners, and 401 investors in the international audience were women. In addition to the fact that women form 31% of startups, women made up 37% of the attendance. Almost 900 IT journalists and media professionals covered the summit as the record-breaking event continued to draw attention globally across channels and platforms.
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“We are proud of Qatar’s achievements across all domains,” stated HE Sheikh Jassim bin Mansour bin Jabor Al-Thani, Chairman of the Web Summit Qatar 2024 Organizing Committee and Director of the Government Communications Office (GCO), in remarks on this occasion. The remarkable execution of this widely recognized international event, coupled with the extraordinary attendance observed for its inaugural year, highlights our nation’s potential to consolidate its position as a preeminent hub for technology and innovation in the area, and to spearhead projects that propel the digital and information technology industry in Qatar and abroad.”
“We worked tirelessly to bring to our international audience a distinguished lineup of sessions, activities, and engagements that build on Qatar’s track record of hosting global major events,” he continued. “The event took place over four days.” In addition to welcoming hundreds of startups, investors, and tech experts to the region’s first summit, we were thrilled to provide young and aspirational entrepreneurs in Qatar and the surrounding area with networking and growth possibilities. The summit’s discussions on artificial intelligence (AI), other cutting-edge technologies, and business development trends have quickly demonstrated the event’s capacity to act as a catalyst for Qatar’s digital transformation and hasten the country’s transition to a knowledge-based economy.”
In his own words, HE Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, delivered a summary of the Digital Agenda 2030, which was introduced at the Web Summit week, and talked about the most recent advancements in this field. The State of Qatar has great potential and plans to adopt green and clean technology; His Excellency stated that the Digital Agenda 2030 supports digital transformation in various sectors and highlights the significance of its role in promoting the knowledge-based digital economy and supporting digital transformation in various sectors.
In order to fulfill the objectives of its National Vision 2030 and its strategy, His Excellency emphasized the significance of the Digital Agenda 2030’s role in propelling the State of Qatar toward becoming a global technology hub that adopts the newest digital technologies, such as 5G networks, artificial intelligence, digital twinning, cloud computing, and big data. Creating a competitive, varied, and knowledge-based digital economy that depends on entrepreneurship and innovation is important for the growth of the country.
According to Katherine Maher, CEO of Web Summit, the event broke attendance and participation records for internet businesses and startups, all of which were accentuated by Qatar’s well-known hospitality. She went on to say that she eagerly anticipates returning to Qatar each year. She stated that she anticipates greater attendance at the upcoming summit in Qatar, along with record numbers of international startup companies. This will surely help to further the remarkable advancement of the technological business environment in Qatar and the region at large.
On the final day of the conference, the biggest award of its kind in the global technology industry—the Best Startup Award—was given out to the participant in the Qatar Web Summit 2024. Breshna IO, which seeks to let users make and share their own video games, took home the prize. and make money off of it without requiring any prior experience with game creation or programming.
With 1,043 startups from 81 countries attending the first edition of the Web Summit, which Qatar hosted until 2028, it was the largest meeting of startups in the Middle East. Of those participating, 104 companies in Qatar accounted for 10% of the total. make an effort to invest in this chance by forming alliances, corresponding with financiers, and exchanging expertise and experiences with global businesses.
