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Qatar’s Rise Boosts Investors’ Trust

Qatar’s Rise Boosts Investors’ TrustQatar’s Rise Boosts Investors’ Trust

The Qatari economy’s steadfastness and rise in the face of the siege has boosted investor confidence, opening up wider horizons for openness and attracting more foreign investments to different sectors, a recent study showed.

Prepared by Qatar University’s dean of the College of Business and Economics,  Khalid Al-Abdulqader, “Foreign Investment Openness in Qatar and Its Interaction in Development of Qatari Economy” argues that the steadfastness of the Qatari economy against the siege thwarted the plans and expectations of the siege countries who had expected the Qatari economy to collapse once they imposed it, QNA reported.

The study pointed out that the presence of major foreign companies that continued to operate in Qatar despite the siege, indicates the strength of the Qatari economy, which is an indicator of investor confidence in the ability of Qatar to face the siege.

Another proof of the strength of Qatar’s economy is that its credit rating is in the highest range for global rating agencies such as Standard and Poor’s, Fitch, Moody’s and Capital Intelligence, the study says.

In the same context, the International Monetary Fund puts Qatar’s projected economic growth in 2018 at the higher level in the Persian Gulf region despite the siege. The IMF expects a real gross domestic product for the Qatari economy by 2.6%, which is the highest IMF forecast for real GDP in the six (Persian) Gulf Cooperation Council states (UAE, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait), the study noted.

Moreover, the study showed that the Qatari economy is considered a global hub in manufacturing and exporting liquefied natural gas, and is also qualified to be an economic player in a comprehensive and complete manner, especially after Qatar announced a package of laws to open up foreign investment.

 

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