DOHA: Qatar has set up an apex economic affairs committee. To be known as the ‘Supreme Council for Economic Affairs and Investment, it would monitor economic development and look after state’s investment.

The Emir H H Sheikh Hamad bin Khalifa Al Thani yesterday issued an Emiri decision (No. 82) of 2009 amending some provisions of the Emiri decision No. (37) of 2001 ordering the setting up of the above panel.

According to Qatar News Agency (QNA), the text of the decision is as follows: Emiri decision No. (82) of 2009 amending some provisions of the Emiri decision No. (37) of 2001, regarding the setting up of the Supreme Council for Economic Affairs and Investment.

“We, Hamad bin Khalifa Al Thani, Emir of the State of Qatar, after reviewing the constitution and the Emiri decision No. (37) of 2001, setting up the Supreme Council for Economic Affairs and Investment.”

“We decided the following.. Article/1/ The text of Article (6) and the first paragraph of Article (10) of the Emiri decision no. (37) of 2001 referred to the two following texts.. Article (6) “The Council shall be formed with HH the Emir as Chairman and HH the Heir Apparent as Deputy Chairman and Membership of: 1/Prime Minister and Foreign Minister - as an Executive Member. 2/Deputy Prime Minister and Minister of Energy and Industry. 3/Minister of Economy and Finance. 4/ Minister of Business and Trade. 5 /Governor of Qatar Central Bank. 6/Economic Advisor of the Emiri Diwan. 7/Representative of the Qatar Investment Authority. 8/Representative of the Qatar Development Bank.”