Qatari investments abroad strategic: QC Chairman
03 Apr 2017 - 22:17
Qatar Chamber chairman Sheikh Khalifa bin Jassim Al Thani termed the Qatari investment abroad as “strategic”.
The investments are selected and carefully planned to yield large revenues in the long term and to be income resources for the future generations, he added.
He praised the keenness of H H Sheikh Tamim bin Hamad Al Thani , Emir of the State, to provide all Qatari citizens the highest standards of prosperity and welfare generation to generation.
Sheikh Khalifa, in the Chamber’s monthly magazine “Al-Multaqqa” , said that the economic diversification policy in Qatar is often the prominent motive in drawing up its economic plans and strategies.
Qatari overseas investments policy relies on adopting investment opportunities with least risk and maximum profit.
We had successfully achieved real progress in diversifying our internal economy throughout developing small and medium industries and fostering the public-private partnerships for further investments in the local market at all fields, he noted.
Great progress had been made in Qatar’s direct abroad investments leaded by the Qatar Investment Authority (QIA) including private sector investments covering many countries around the world.
Sheikh Khalifa assured that in spite of the current fluctuations the world economy is facing, such as the financial crisis and oil prices decline, Qatari aboard investments have become a positive sign year after year. They are increasingly expanding through new large scale deals and injecting in new vital foreign markets. Therefore, Qatari investments became now the most prominent in the international level covering an array of sectors including petrochemicals, real estate, banking, hospitality, tourism, infrastructure …etc.
He attributed the success of Qatari investments abroad which had achieved great leaps to the proper choice of the appropriate time and destination, along with provision the feasible studies for targeted enterprises and the superior performance in management of these investments.
Qatar has emerged as a major player and investor, Qatari investment are now surprisingly expanding in the world’s strongest markets such as Europe, Asia and US as well, he pointed out.
He referred to the “ Business and Investment in Qatar” Forum that was held from March 27 to 29 in London and Birmingham with large participation of both countries businessmen, expressed the hope to it would contribute to enhancing Qatari direct investments in UK, opening new opportunities for Qatari businessmen and luring British investments to Qatar.