Qatar Draws Over $3 Billion in Foreign Investment in 2022

  • Publish date: Friday، 24 June 2022
Qatar Draws Over $3 Billion in Foreign Investment in 2022

To enhance the idea of commercial openness, Qatar has launched a free-trade strategy and undertaken a number of structural reforms.

According to the Minister of Commerce and Industry Sheikh Mohamed bin Hamad bin Qassim Al-Thani, Doha has attracted more than $3 billion in international investments to its capital market so far this year, exceeding the $1.8 billion in total investments for the entire of 2021.

The minister claimed that the continuous international crises have altered Qatar's perspective on the globe and the location of its overseas assets during his remarks at Bloomberg's second Qatar Economic Forum.

Additionally, he voiced optimism for increased investment in the Middle East's energy and other sectors.

His Highness Emir of Qatar Sheikh Tamim bin Hamad Al Thani calls for "real initiatives" to promote equality in the QEF's economic recovery.

To improve the idea of commercial openness, Qatar has established a strategy of free trade and undertaken a number of structural reforms.

He stated the increasing importance of global trade as an engine of prosperity, noting that it now accounts for around 55% of the global gross domestic product (GDP) in comparison with 5% 70 years ago.

Due to the survey produced by FDI Intelligence, a service of the Financial Times, the Gulf nation represents more than 6% of all inbound FDI projects in the Middle East and Africa region.

According to the report, one of the projects that will cost the most money in 2021 would be Eat Just's plans to construct a new $200 million commercial facility in Qatar. Future capacity expansions will enable it to produce cell-based meat as well as the company's 'Just Egg' egg alternative.

The world economy will undergo a reversal and maybe a downturn, according to Ferit Sahenk, chairman and CEO of Dogus Group.

He also emphasized the importance of flexibility in the international financial system, the United Nations, and the International Monetary Fund as well as the importance of an inclusive, cooperative, and collaborative action plan to address the global economic problems and challenges.

PwC's worldwide chairman Bob Moritz asserted that the globe is currently seeing a supply chain reconfiguration in comparison to how things were five years ago in order to minimize dependence on the concentration of various risks and the range of options accessible.

In addition to the actual items, the supply chain also consists of services and human resources. He brought up the link between food and energy security, emphasizing that it was problematic for the nations of the world.

It is important to note that the State of Qatar will host the second Qatar Economic Forum, powered by Bloomberg, over the course of three days, with the theme "Equalizing the Global Recovery," and with the participation of numerous heads of state, state leaders, official figures, senior officials, decision-makers, and more than 500 business leaders from around the world, in addition to featuring more than 75 keynote speakers.

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