Qatar on track with $200bn infrastructure upgrade

September 21, 2016

undefinedQatar continues to work on its infrastructure with $200 billion worth of projects across the country, a senior official has said.

While addressing a luncheon meeting hosted jointly by the Qatar Embassy in Washington DC, the US-Qatar Business Council and the US Chamber of Commerce, HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani said that these projects "represented important opportunities that will encourage foreign investment and enhance partnerships".

"The strong, friendly and economic partnership between Qatar and the United States has achieved remarkable economic growth and increased trade volume,” he said.

“The total trade volume between our two countries reached $4.5bn in 2015. Qatar's business environment is continually being advanced to encourage more foreign direct investment and welcome an ever-growing number of international business partners.”

Sheikh Ahmed's presentation focused on Qatar's strategy for growth through diversifying the economy and increasing foreign investment, according to the Gulf Times.

The Sheikh said that the gulf nation was transforming itself into a knowledge-based economy by 2030, a plan led by the Qatar National Vision 2030 ongoing economic strategy.

The development of advanced infrastructure, along with the economic zones managed by Manateq, would also encourage the establishment of new businesses in Qatar, he added.

The event brought together representatives from America's most influential businesses in the US-Qatar bilateral relationship, including the luncheon's host ConocoPhillips.

 

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