In a pioneering move, the Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to introduce Ai.SHA, is an innovative AI-powered assistant leveraging GPT capabilities through the Azure OpenAI service. This collaboration positions Invest Qatar at the forefront of global investment promotion agencies, embracing advanced technology to redefine professional interactions between investors and businesses in Qatar.
Transformative technology for informed decision-making
Ai.SHA represents a bold commitment by Invest Qatar to enhance its digital offerings through cutting-edge technology and artificial intelligence. Serving as a comprehensive resource, Ai.SHA addresses inquiries on Qatar’s business opportunities, investment ecosystem, business setup, and expansion. It taps into data from strategic partner entities, including the Ministry of Commerce and Industry, Qatar Financial Centre, Qatar Science and Technology Park, and Qatar Free Zones Authority.
This groundbreaking initiative builds upon the Memorandum of Understanding (MoU) signed between Invest Qatar and Microsoft, emphasizing their shared goal of fostering innovation within Qatar’s digital sector. The collaboration aligns with the Qatar National Vision 2030 (QNV 2030), aiming to advance towards a knowledge-based economy.
Strategic partnership fuels innovation
Hamad Rashid Al Naimi, Strategy Manager at Invest Qatar, expressed confidence that Ai.SHA will open new avenues for investors, streamlining decision-making processes for enhanced accessibility and efficiency. The collaboration with Microsoft underscores Invest Qatar’s commitment to creating a supportive environment for investors and fostering innovation in the investment landscape.
Amr Samir, Public Sector Director at Microsoft Qatar, emphasized the transformative impact of generative AI, redefining how investors and entrepreneurs engage with opportunities. This collaboration aims to strengthen Qatar’s position as a global investment hub.
Collaborative efforts and technical expertise
The launch of Ai.SHA was made possible through collaborative efforts with Information & Communication Technology W.L.L. (ICT), a Microsoft partner, and Applab, a Qatari company specializing in online platform development. ICT played a crucial role in designing and implementing the chatbot’s foundational framework, incorporating natural language processing algorithms, conversation flows, and data integration. Applab contributed to enhancing the chatbot’s user interface and integration with the website, while Invest Qatar ensured in-depth research and data verification, creating Ai.SHA’s distinctive visual identity.
This collaboration marks a significant milestone in Invest Qatar’s digital investment relations offering, complementing the recently unveiled “Invest Qatar Gateway.” This digital platform, tailored for investors in Qatar, streamlines the search for business partnerships, uncovers opportunities in the public and private sectors, and provides essential resources for business development.
Invest Qatar gateway: A holistic approach to investment relations
The Invest Qatar Gateway offers foreign investors and companies a free online resource to connect, explore business opportunities, and access a comprehensive database of current tenders. This platform facilitates direct engagement with the Invest Qatar Investor Relations team, ensuring tailored support for establishing or expanding business ventures across various sectors.
Established in 2019, Invest Qatar plays a pivotal role in overseeing investment promotion activities and attracting foreign direct investment to Qatar. The agency’s mission is to strengthen Qatar’s position as an ideal investment destination, facilitating investments that foster economic diversification and development.
Paving the way for future investments
The collaboration between Invest Qatar and Microsoft to launch Ai.SHA represents a groundbreaking step in leveraging AI to enhance investor experiences. This initiative aligns with Qatar’s vision for a knowledge-based economy and reinforces its position as an attractive global investment hub. The strategic partnership between Invest Qatar, Microsoft, and other technology collaborators underscores the commitment to fostering innovation and creating a conducive environment for investors in Qatar. As Ai.SHA becomes a central resource for informed decision-making, it marks a significant milestone in the digital transformation of investment relations, setting the stage for future advancements in the sector.