Qatar’s Minister of Commerce and Industry, HE Sheikh Mohammed bin Hamad bin Qassim Al-Thani, recently emphasized Qatar’s support for initiatives that strengthen the Arab private sector’s position in the economic arena. Speaking at the 135th Session of the Council of the Union of Arab Chambers in Doha, he highlighted the importance of developing cooperation between business sectors in the Arab world. He noted that the Arab region has vast potential, abundant wealth, diverse natural resources, and advanced human potential, which position it well on the global economic map. HE Sheikh Mohammed praised the efforts of Arab leaders to achieve economic integration, sustainable development, and combat poverty and unemployment through flexible economic policies in which the private sector plays a crucial role.
According to HE Sheikh Mohammed, the Arab region offers numerous promising investment opportunities across various fields. He mentioned the existence of leading economic laws and Arab free zones, which provide opportunities to promote economic integration, enhance intra-Arab trade, and create a sustainable and diversified Arab economy. The Minister highlighted the significant role of the Arab private sector in the development process, emphasizing the need for more flexible and effective economic policies and greater coordination and cooperation among chambers in Arab countries. He also noted the substantial growth of the Qatari economy in recent years, supported by economic plans and strategies aimed at creating an attractive business environment for investments.
In line with Qatar’s economic growth, HE Sheikh Mohammed highlighted the major projects undertaken ahead of the FIFA World Cup 2022, which have accelerated economic diversification plans in alignment with the Qatar National Vision 2030. He mentioned that Qatar’s Third National Development Strategy 2024-2030 focuses on priority sectors such as the low-carbon minerals industry and renewable energy sources, offering promising opportunities. Investments amounting to $100 billion have been allocated to the local economy by 2030 to achieve these goals. Qatar has developed world-class infrastructure, strengthened the legislative environment, facilitated business procedures, and reduced service fees, making it a global investment destination for business and investment.
Continuing on Qatar’s economic development, HE Sheikh Mohammed emphasized the enhancement of the competitiveness of the Qatari private sector and its role as a true partner of the public sector in the comprehensive economic development process of the State. He highlighted the importance of developing more flexible and effective economic policies, as well as fostering greater coordination and cooperation among Arab chambers. The Minister expressed confidence in the Arab region’s potential to occupy a prominent position in the global economy, given its abundant resources and human potential. He praised the efforts of Arab leaders in leveraging these resources to achieve economic integration, sustainable development, and alleviating poverty and unemployment.
In conclusion, HE Sheikh Mohammed reiterated Qatar’s commitment to supporting initiatives that strengthen the Arab private sector’s position in the economic arena. He highlighted the promising investment opportunities in the Arab region across various fields and emphasized the role of the private sector in the development process. Qatar’s economic growth, supported by strategic plans and initiatives, has positioned it as an attractive investment destination with a focus on priority sectors such as the low-carbon minerals industry and renewable energy sources. The country’s Third National Development Strategy 2024-2030 aims to further enhance economic growth and diversification by allocating significant investments to key sectors. Qatar’s strong infrastructure, legislative environment, and business-friendly ecosystem make it a prime destination for global investments and business opportunities.
