In KPMG’s 2023 CEO Outlook Report, Qatar’s enterprise leaders are displaying a powerful 80% confidence within the development trajectory of their organizations over the following three years. This outstanding optimism stands out on the worldwide stage, showcasing the strategic deal with natural development, digitization, and resilience that Qatar’s CEOs are dedicated to, even amid financial uncertainties.

Optimism amid uncertainty

Qatar’s CEOs are navigating the ever-evolving financial and geopolitical panorama with unwavering optimism, in response to the KPMG report. Regardless of the challenges posed by cyber threats and regulatory hurdles, these leaders stay steadfast of their dedication to integrity and long-term strategic planning. Ahmed Abu-Sharkh, Nation Senior Associate at KPMG in Qatar, notes that CEOs in Qatar are able to make daring selections for the better good, even in complicated occasions.

This unwavering optimism extends to the expansion prospects of their organizations and industries. Notably, 80% of Qatar’s CEOs specific confidence of their organizations’ development paths, surpassing their world counterparts. Their deal with natural development, digitization, and resilient practices clearly signifies a willpower to climate financial uncertainties. Whereas nationwide and world financial development prompts extra warning, Qatar’s CEOs proceed to shine with their optimism for organizational development.

ESG positive aspects traction

Qatar’s CEOs additionally acknowledge the long-term advantages of Environmental, Social, and Governance (ESG) practices. These embody enhancing model repute, enhancing buyer relations, and attracting high expertise regardless of potential challenges equivalent to elevated prices and stakeholder scrutiny. Omar Mahmood, Associate and Head of Monetary Companies at KPMG in Qatar, emphasizes that ESG presents a golden alternative for Qatar’s CEOs to drive long-term sustainable development by strengthening stakeholder bonds and elevating their ESG initiatives.

Based on the report, ESG is not considered as a mere development however as a transformative power in company technique. This shift displays a dedication to accountable and sustainable enterprise practices that align with world expectations.

Workforce dynamics

The KPMG CEO Outlook report sheds mild on Qatar’s perspective on the way forward for the workforce. Whereas 72% anticipate a full return to the workplace and 24% ponder hybrid fashions, there’s a sturdy emphasis on inclusion, range, and fairness (IDE). Barbara Henzen, Associate and Head of Tax at KPMG in Qatar, highlights the ability of IDE as catalysts for sustainable development, emphasizing that various management is progressive and important for future success in as we speak’s dynamic enterprise panorama.

Prioritizing AI funding

With a transparent understanding of AI’s transformative potential, 44% of Qatar’s CEOs prioritize funding on this know-how. Their focus is on profitability, effectivity, innovation, and cybersecurity. CEOs stay resilient regardless of challenges equivalent to worker adoption, moral concerns, technical expertise, and regulatory gaps. They view regulation as each a hurdle and a obligatory ingredient for accountable AI practices. Nizar Hneini, Associate and Head of Digital & Innovation at KPMG in Qatar, underscores the function of generative AI in reworking enterprise, promising innovation and effectivity. CEOs are dedicated to responsibly leveraging AI’s potential, guaranteeing moral use and sturdy governance, paving the way in which for affluent development and a tech-enabled future.

A wealth of insights

This 12 months’s KPMG CEO Outlook report presents vital insights and official statements from outstanding leaders in Qatar’s enterprise panorama, together with Sheikh Ali bin Jabor Al Thani, Chief Govt Officer of Ooredoo Qatar; Salman Gulzar, Nation Head of Mashreq Financial institution; Abdul Hakeem Mostafawi, Chief Govt Officer of HSBC Qatar; Salem Al Mannai, Chief Govt Officer of QIC Group; Ibrahim Bn Khalid Al Sulaiti, President of YEC; and Sheikh Hamad Abdulla Jassim Al Thani, Chief Govt Officer of Vodafone Qatar.

As revealed within the KPMG Qatar 2023 CEO Outlook Report, Qatar’s CEOs are characterised by their unwavering optimism. This report underscores their dedication to strategic, long-term planning and their readiness to embrace challenges and alternatives on their path to development and sustainability.