The Investment Promotion Agency of Qatar, in collaboration with Microsoft and Ernst & Young Parthenon, launched yesterday a joint report entitled “Securing the Digital Future – Insights on Investment and Opportunity”. The report presents a comprehensive analysis of the cybersecurity situation in Qatar and the world, and highlights the investment opportunities offered by Qatar’s digital economy in the cybersecurity sector.
The report highlights the importance of investing in the cybersecurity sector and the benefit it can bring to economic development, and offers in-depth insights into current and future investment areas in the context of the rapid digital transformation witnessed by the State of Qatar.
The completion of mega projects has led to significant investments in digitization and digital security, and created new opportunities for foreign investors. At the same time, the cloud technology offered by the Microsoft Cloud Data Centers Qatar region plays an important role in supporting organizations in responding to modern cyber threats.

Qatar announces its readiness
Sheikh Ali Bin Al Waleed Al Thani, Chief Executive Officer of the Investment Promotion Agency of Qatar, said, “The progress that Qatar is making regarding its cyber security readiness is critical to the economic growth of the country and the region in general.
He added, “We are proud to strengthen our partnership with Microsoft and Ernst & Young Parthenon in issuing this joint report, which highlights the importance of investing in cybersecurity and the promising investment opportunities available in the digital economy of the State of Qatar.”
Lana Khalaf, General Manager, Microsoft Qatar, said: “Qatar’s flexible digital infrastructure and thriving diversified economy provide an attractive investment environment for businesses. With the acceleration of digital transformation, cybersecurity has become one of the most important priorities for organizations to protect their core missions and ensure business continuity and resilience.” She added, “This report, which we cooperated with the Investment Promotion Agency and Ernst & Young, to implement, sheds light on the opportunities and capabilities that the country provides for innovation and growth in the cybersecurity sector.”
Samai Mishra, Partner at Ernst & Young Parthenon, said: “Qatar has one of the fastest growing digital economies in the region, and many public and private sector organizations are investing in strong digital transformations to take advantage of this growth. It comes with risks that require a great focus on strengthening digital security measures. In this context, Qatar has made great efforts to develop and implement comprehensive cyber security policies. These efforts reflect the state’s commitment to innovative and sustainable solutions, as well as its encouragement of cooperation between various sectors and the promotion of foreign investment opportunities.”
Necessary responses to a growing digital economy

digital transformation
In light of the digital transformation, the need for advanced cyber security measures has become extremely important as the cost of cyber attacks has risen exponentially. Recent high-profile cybersecurity attacks, with 66% of SMEs globally exposed to cyberattacks in 2021, indicate the urgent need for organizations to address cybersecurity risks. Amid these challenges, the global cybersecurity market is poised to witness significant growth, with revenues expected to reach $376 billion by 2028.
As part of its commitment to strengthening cybersecurity and digital space, the State of Qatar has established a flexible cyber system accompanied by attractive opportunities for foreign investors, as it provides great investment opportunities for cybersecurity companies through a budget of more than $1.64 billion and the highest growth in the rate of spending on cybersecurity in the Middle East. The country’s focus in developing its digital infrastructure is also focused on attracting global companies and investors, which would make Qatar a leader in cybersecurity initiatives worldwide. Qatar provides an enabling environment for companies looking to invest in the cybersecurity market through a thriving technology sector and supportive government initiatives, based on the Qatar National Vision 2030 and the Second National Development Strategy.