Invest Qatar, Qatar’s national investment promotion agency, has partnered with Iberdrola Innovation Middle East. Together, they released a joint report titled
Digital innovation in Qatar for a Sustainable Future. The report emphasizes the vital role of digital technologies in improving energy efficiency, sustainability, and economic diversification in Qatar.
Therefore,The report highlights global trends such as Artificial Intelligence (AI), smart grids, cloud computing, and clean technologies. These technologies are transforming industries and accelerating Qatar’s digital transformation. By leveraging these innovations, Qatar aims to enhance its sustainability goals.
Additionally,This report is the result of a continued partnership between Invest Qatar and Iberdrola, formed through a memorandum of understanding (MoU) in May 2022. The MoU enabled Iberdrola to expand its innovation center in Qatar. The center focuses on applying AI in the energy sector. Through Digital innovation, Iberdrola has strengthened its Research, Development, and Innovation (RDI) activities at the Qatar Science and Technology Park (QSTP).
Additionally,The report underscores the potential of AI to drive major changes across various industries. AI could generate an economic value of $11-18 trillion annually.
Digital innovation includes sectors such as energy, logistics, and manufacturing. The growth of private 5G networks and hyperscale data centers will further increase global competitiveness. 5G technology is expected to add $900 billion to the global economy by 2030.
The report stresses that the future of energy lies in clean technology. Smart grids, AI, and the Internet of Things (IoT) will make power systems more resilient and sustainable. However, this transition requires a skilled workforce. Experts predict that 200 million workers will be needed globally by 2050 to support sustainable energy solutions.
Sheikh Ali Alwaleed Al-Thani, CEO of Invest Qatar, stated that Qatar is adopting digital innovation while ensuring it aligns with long-term sustainability goals. He emphasized, “We aim to create opportunities for investors by integrating technology with responsible environmental practices.”
Santiago Bañales, Managing Director of Iberdrola Innovation Middle East, commented, “AI is transforming energy systems.
Digital innovation helps optimize renewable energy use and improves grid operations. But it also increases energy demand, which we must meet with clean solutions.”
Digital innovation is central to Qatar National Vision 2030 (QNV 2030). Invest Qatar aims to develop a tech-driven, knowledge-based economy. The Third National Development Strategy (NDS3), launched last year, supports Qatar’s ambition to lead in digital innovation and sustainability. As a result, Qatar ranks second globally for infrastructure and leads the GCC in AI readiness.