‘Qatar offers attractive environment for investors’

DOHA: Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani said that the State of Qatar provides an attractive investment environment that has made it a leading investment destination, thanks to a series of measures taken by the State to encourage and attract investments.

The Minister was participating a discussion organised by the Business Council for International Understanding (BCIU), on the sidelines of the “SelectUSA” Summit in Washington, DC.

H E the Minister, during the session, elaborated on Qatari economy’s advantages that made Qatar a leading investment destination. He explained the measures taken by the State to encourage and attract investments, including the Foreign Investment Regulation Act, recently approved by the Council of Ministers, which would allow foreign investments 100 percent ownership in all sectors and support the entry of foreign investors into the Qatari market.

The Minister pointed out that the prudent policies adopted by the State of Qatar have helped stimulate all sectors of the State to increase their productivity, which has positively impacted the national economy and achieved positive growth rates during the past year. He also reviewed mechanisms to support joint investments and stimulate the private sector to establish innovative investment projects in key sectors that would serve the economic trends of the State of Qatar as well as the United States.

The session discussed the latest developments in the economic, trade and investment relations between the State of Qatar and the United States of America and means of developing them in addition to the importance of exchanging visits between businessmen and encouraging cooperation between government agencies and the private sector to serve the common interests of the two countries.

The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim Al Thani, with other officials during a discussion organised by the Business Council for International Understanding (BCIU), on the sidelines of the “SelectUSA” Summit in Washington, DC.
The Business Council for International Understanding (BCIU) is a nonpartisan, US-based organisation that works to expand international trade and commerce. It does this by helping its member companies engage internationally and by facilitating mutually beneficial relationships between business and government leaders worldwide. The BCIU members include a number of major US companies, investment funds, asset management companies and financial portfolios in the United States of America.

Sheikh Ahmed met with US Secretary of Commerce Minister Wilbur Ross, President of US Chamber of Commerce Tom Donohue and Senior Vice President for Middle East and Turkey Affairs at the US Chamber of Commerce Khush Choksy.

During the meeting, they discussed means of enhancing cooperation in the economic and trade fields. They also shed light on the opportunities to increase trade exchange in light of the potential and capabilities of the economies of Qatar and the US.

The meeting reviewed the latest developments in the economic, trade and investment relations between the two countries and means of developing them. The two sides also reviewed to the positive results of the first phase of Qatar’s economic tour in the United States, and discussed the preparations for the second phase of the tour.

The meeting also emphasized the importance of exchanging visits between businessmen and encouraging cooperation between government agencies and the private sector to serve the common interests of the two countries.

The Minister of Economy and Commerce also met with Governor of Kentucky State Matt Bevin, where they discussed means of enhancing the bilateral relations between the State of Qatar and the United States in the economic and trade fields.