Qatar Business Council Holds Meetings in Washington

Washington, June 25 (QNA) – A series of meetings and events was held between Qatar Business Council and a number of chambers of commerce in the United States, in the forefront the American Chamber of Commerce, American Arab Chamber of Commerce and the Business Council for International Understanding in the presence of HE Qatar’s Ambassador to US Mohammed bin Jaham Al Kuwari.

During the meetings, HE the Ambassador focused on Qatar’s economic future and economic growth that enjoys stability and progress by confident steps towards diversifying of investment and taking advantage of the fact that Qatar is the largest exporter of liquefied natural gas in the world to explore new areas of economic activity, noting that this comes in line with Qatar National Vision 2030 and aims to reduce its dependence on the hydrocarbon sector, accounting for less than half of the GDP by 2015.

In this context, Ambassador Al Kuwari emphasised on the importance of the partnership between Qatar and the United States in the field of oil and gas, saying in less than 15 years, Qatar has become the largest exporter of liquefied natural gas in the world thanks to the vision of the political leadership of the country in opening competitive environment for investment, and that through the long technical expertise of the American partner institutions such as Exxon Mobil, ConocoPhillips and Chevron, Qatar has been able to achieve this goal.

He added the areas of economic partnership between Qatar and US are not confined to the field of energy, but also extends to the areas of health, education and others, as Qatar is seeking to invest in US small and medium projects, particularly in the areas of technology, biotechnology, medical devices and information and communication technology, stressing the Qatari investments in US, like the Qatari investments around the world, are characterized by political neutrality.

Regarding business opportunities the World Cup 2022 offers, Ambassador Al Kuwari pointed that managers of Qatari projects contracted with a number of US companies to take advantage of their standards and specifications.

He made clear that hosting such global sport event provides an opportunity to show the capabilities of the State of Qatar, noting to the investments of this event, which may reach 200 billion dollars on a number of different sectors.

HE Qatar’s Ambassador to US Mohammed bin Jaham Al Kuwari said that the latest of these projects is Hamad International Airport and among other major projects that are considered pillars of the country’s economy are the Science and Technology Park, the Education City and the expansion works in transportation network, adding it is expected by hosting the World Cup in Qatar, the flow of tourists will increase to 15.9%, hence Qatar plans to invest about $20 billion toward the hospitality. (MORE)

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