Qatar Chamber (QC) Chairman HE Sheikh Khalifa bin Jassim bin Mohammed Al-Thani has praised Qatar’s foreign investments as strategic and carefully chosen in order to bring bigger revenues on the long-term. He added that state foreign investments were planned to be sources of income for the future generations so that Qatari citizens would continue to enjoy a high standard of living.
In an opening article for Qatar Chamber’s monthly publication, The Forum, HE Sheikh Khalifa bin Jassim bin Mohammed Al-Thani said natural resources of oil and gas are non-renewable and, thus, economic diversification is important.
He added that economic diversification was on top of economic plans and strategies in Qatar, saying that it became possible by focusing on the development of small and medium industries, enhancing the partnership between the public and private sectors so as to stimulate the latter to pump more investments in the local market. He noted that Qatar has achieved magnificent successes on the front of foreign investments, led by Qatar Investment Authority and in partnership with the Qatari private sector across several world countries in different continents.
Despite the difficulties facing global economy in the recent years such as financial crises and the fall in oil prices, Qatar Chamber’s chairman said, Qatar’s foreign investments were and remain hugely successful through well-administered transactions and the major markets they break into, adding that Qatari investments have become globally prominent in the fields of petrochemicals, real estate, banking, hospitality and tourism, and infrastructure.
Sheikh Khalifa bin Jassim bin Mohammed Al-Thani stressed that this success was not by chance but rather the outcome of extended research, feasibility studies and professional management in order to achieve the desired revenues, noting that Qatari investments have broken into the biggest markets in Europe, Asia and the United States.
He pointed to the Qatar-U.K. Business and Investment Forum, which took place in London and Birmingham at the end of March, expressing hope that the forum will help in promoting Qatari investments in the U.K. and open more opportunities for Qatari investors besides attracting more British investments to Qatar.