Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani recently addressed the Qatar Economic Forum in Doha, highlighting the country’s successful navigation through significant challenges under the leadership of Amir HH Sheikh Tamim bin Hamad Al-Thani and the Qatar National Vision 2030. He emphasized Qatar’s economic stability and prosperity, with a 1.6 percent growth in GDP until the third quarter of 2023, reflecting improvements in financial stability indicators. The government has adopted a flexible financial plan in response to fluctuations in energy prices, positioning Qatar competitively on the global stage with efficient investments in natural resources and human energies.
Qatar is moving towards the final stages of Qatar National Vision 2030, focusing on enhancing economic infrastructure with initiatives from both local and foreign private sectors, supported by regulatory reforms and investment incentives. The country aims to be among the top 10 countries in terms of the business environment. To transition towards comprehensive digital transformation, Qatar is increasing its investment in technology, innovation, and artificial intelligence. A package of incentives worth QR 9 billion has been allocated for this purpose, with the country hosting sessions of the “Web Summit” conference to enhance partnerships and exchange expertise with technology leaders worldwide.
The Prime Minister announced the launch of the “Al Fanar” Arabic Artificial Intelligence project to collect quality data in the Arabic language, contributing to enriching linguistic models and preserving the Arab identity. Qatar will continue its investment in the energy sector, with the completion of the North Field Expansion project by 2030 expected to increase natural gas production to 142 million tons annually. Qatar has become a beacon of economic opportunities, attracting investors from around the world with the foundations it provides for economic success, uplifting the region and allowing everyone to enjoy prosperity.
In light of current global challenges and crises, the Prime Minister highlighted the importance of improving economic conditions to create stability. He mentioned the COVID-19 pandemic and ongoing crises such as the Russian-Ukrainian war, Sudanese crisis, and challenges in the Gaza Strip, emphasizing the need for countries to strive for economic stability. Despite these challenges, the Prime Minister expressed hope in the ability of nations to overcome obstacles and establish a better future. Qatar is determined to bring about change and looks forward to new investment opportunities through the platform of forums like the Qatar Economic Forum.
