It’s a significant milestone for Qatar’s business community! Forbes Middle East recently released its esteemed ‘Sustainable 100’ list, and ten Qatari firms have made the cut, affirming Qatar’s commitment to sustainability and innovative economic diversification.
Here’s a snapshot of the Qatari firms that featured:
- Banking and Financial Services: QNB Group secured the 2nd spot, while Qatar Islamic Bank (QIB) came in at the 10th position.
- Investments: The Qatar Investment Authority (QIA) achieved the 4th rank.
- Oil and Gas: QatarEnergy was ranked 3rd, showing that even traditional fossil fuel companies are steering towards sustainable operations.
- Real Estate and Construction: Qatari Diar clinched the 10th spot.
- Technology and Telecom: Ooredoo Group secured the 4th rank.
- Transport and Logistics: Nakilat, GWC, and Qatar Navigation (Milaha) were ranked 5th, 9th, and 10th, respectively.
- Travel and Tourism: Qatar Airways Group made its mark at the 7th position.
The Middle East, traditionally dependent on fossil fuels, is embarking on a massive transformation towards a sustainable economy. With diverse strategies from harnessing clean energy to innovating in waste management and green architecture, the region is setting commendable benchmarks.
Notably, the financial sector is at the forefront, with financial institutions channeling funds towards green projects, promoting green bonds, and sukuks. The commitment of oil and gas companies towards renewable energy investments further emphasizes the all-encompassing sustainable shift.
Forbes’ methodology, as outlined, took into account several parameters from company size, its environmental impact, to transparency in sustainability reporting, and collaborations for sustainability goals. Notably, in the Banking and Financial Services sector, the amount of sustainable finance facilitated was a significant criterion.
How is this relevant to the Hospitality Industry? The hospitality industry stands to benefit immensely from these sustainable transitions. An economy pivoting towards sustainability will invariably emphasize eco-friendly tourism, green infrastructure, and innovative customer experiences. As Qatar and the broader Middle East region advances, businesses, particularly in the hospitality sector, can anticipate a surge in eco-conscious tourists and travelers. Moreover, a push towards sustainability ensures the long-term viability of the industry, making it more resilient and adaptive.
BM Events’ Role in the Hospitality Industry BM Events is proud to support the hospitality industry, particularly in the staffing sector. Recognizing the critical importance of human capital in delivering exceptional experiences, we ensure that our staffing solutions are tailored to meet the dynamic needs of this ever-evolving sector. As the region intensifies its sustainability drive, BM Events is committed to aligning its strategies to foster a greener and more sustainable hospitality industry.
It’s a significant milestone for Qatar’s business community! Forbes Middle East recently released its esteemed ‘Sustainable 100’ list, and ten Qatari firms have made the cut, affirming Qatar’s commitment to sustainability and innovative economic diversification.
