$200bn projects underway amid infrastructure upgrade

Projects worth $200bn are underway in Qatar as the country is working on improving its infrastructure, HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani has said.

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Construction bulldozers operate at a real estate construction site at Salwa Road in Doha September 25, 2012. Qatar is spending massively to modernise its capital ahead of the 2022 World Cup, leading conservative Qataris to worry about how this will affect the Islamic nature of the Gulf state. In the busy years leading up to the prestigious soccer tournament, Doha will see an influx of foreign companies, professionals and workers. With them will come a fresh flood of foreign cultures and lifestyles, and that is causing concern. Picture taken September 25, 2012. To match Feature QATAR-MODERNISM/ REUTERS/Fadi Al-Assaad (QATAR - Tags: BUSINESS CONSTRUCTION)

Projects worth $200bn are underway in Qatar as the country is working on improving its infrastructure, HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani has said.

These projects, he said “represented important opportunities that will encourage foreign investment and enhance partnerships”.

Sheikh Ahmed was 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 said Qatar was transforming itself into a knowledge-based economy by 2030 with the lead role being played by the private sector. Over the past few years, Qatar has been pursuing a “flexible and multi-faceted” economic strategy derived from the Qatar National Vision 2030.

Sheikh Ahmed’s presentation focused on Qatar’s strategy for growth through diversifying the economy and increasing foreign investment.

He described Qatar’s political stability, its many opportunities for investment and business, and warmly welcomed the companies present to explore those opportunities soon.

“The strong, friendly and economic partnership between Qatar and the United States has achieved remarkable economic growth and increased trade volume. The total trade volume between our two countries reached $4.5bn in 2015,” said Sheikh Ahmed. “Qatar’s business environment is continually being advanced to encourage more foreign direct investment and welcome an ever-growing number of international business partners.” More info

By Reuters  zawya.com

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