Finnish firms eye Qatar’s growing tech opportunities

Doha, Qatar - Finland and Qatar are exploring new opportunities to bolster cooperation in technology, digitalization, artificial intelligence (AI), quantum computing, and satellite technologies. The two nations aim to expand partnerships between their business and innovation ecosystems.

Speaking at a meeting hosted by Qatar Chamber for a Finnish business delegation, Under-Secretary of State and Deputy Minister for International Trade of Finland, H.E. Jarno Syrjälä, noted that Finnish companies are well-positioned to collaborate with Qatari counterparts in several emerging technology sectors. Syrjälä emphasized that communication and digitalization will become increasingly important, particularly with the development of 5G and preparations for the next-generation connectivity, 6G.

Finnish companies are actively engaged in these areas, and Syrjälä highlighted the growing significance of AI and quantum computing across various industries. Both countries are open to collaboration in these fields. Satellite technology is also an area of potential cooperation, as it integrates advanced technologies, including connectivity, digitalization, and AI. Qatari investments in related fields serve as a foundation for further collaboration.

Syrjälä highlighted Finland's robust startup and innovation ecosystem, with the country aiming to increase R&D investment to 4 percent of its GDP by the end of the decade. A significant portion of these investments will involve small and medium-sized enterprises (SMEs). Finland hopes that these startups will scale up and become major players in their respective fields. The Finnish government is eager to share its experience in creating a supportive business environment.

Syrjälä pointed to Finland's annual Slush startup and technology event as an example of a platform where businesses, investors, and entrepreneurs can connect and explore cooperation opportunities. The event attracted around 14,000 participants from around the world last year, facilitating connections between startups and investors and enabling new partnerships.

Investing in education and skills development is crucial, Syrjälä stressed. Technological investment can only yield results if countries have the skilled workforce needed to support innovation. Finland's approach combines strong R&D investment with education, creating an environment where innovation and businesses can thrive. Education itself is another potential area of cooperation between Finland and Qatar, with further discussions expected to strengthen ties between the two nations.