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We maintain a positive growth outlook for the Qatar IT market, with significant gains expected over the next five to 10 years. We anticipate that the government will continue to invest significantly in next-generation technology, enhancing cloud, AI, M2M, IoT, and digital adoption in line with the Vision 2030 Digital Agenda and ongoing economic diversification efforts aimed at expanding the non-oil sector. Cloud computing, data centre investments and AI will continue to gain traction as major global providers such as Google Cloud and Microsoft Azure increase their footing in the market. While the outlook for the Qatari economy remains strong, risks are skewed to the downside due to the Israel-Hamas conflict and its impacts on the wider region. Heading into 2025, a major escalation of conflict could cause shocks to commodity prices and disrupt regional logistics, supply chains and trade.