Qatar leads the world in government spending on projects

Qatar has ranked first globally in government spending on projects and in terms of tax impact on business incentives, among other rankings that incentivise international investment, said Abdulbasit al-Ajji, director (Business Development and Investment Promotion) at the Ministry of Economy & Commerce. He was making a presentation at a roundtable hosted in honour of HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim al-Thani by the US-Qatar Business Council (USQBC) and the US Chamber of Commerce in New York on Wednesday. Ajji’s presentation emphasised on Qatar’s economic strengths when stacked against the international community.

 

HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani attends the rou

HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani attends the roundtable hosted in his honour by the US-Qatar Business Council (USQBC) and the US Chamber of Commerce in New York.

 

In his remarks, Sheikh Ahmed focused on the strength of the Qatari economy in the face of current events. Further, he discussed the openness of the Qatari economy, especially as it pertains to international businesses. Sheikh Ahmed commended the work of the US-Qatar Business Council in promoting bilateral business relations between the United States and Qatar. He emphasised on the importance of USQBC and indicated that the Ministry of Economy & Commerce wished to increase the engagement of USQBC in the United States and Qatar through stronger communication and enhanced US and Qatari company membership.

Sheikh Ahmed took questions from senior executives of US companies, focused on the current situation in Qatar and new opportunities for investment. “Thank you for the partnership and friendship, we are looking forward to enhancing our relationship with American companies,” Sheikh Ahmed said. The luncheon University Club in New York City was attended by senior executives of American companies.

Mohamed Barakat, USQBC’s managing director delivered opening remarks at the roundtable luncheon, followed by Khush Choksy, senior vice president, (Middle East and Turkey Affairs) and Acting President, US-India Business Council at the US Chamber of Commerce, who introduced the Minister. Barakat said, “These roundtables are critical to enhancing our bilateral commercial relationships and give American companies key insights into navigating the ever-advancing Qatari economy. We are extremely grateful to have the support of the Ministry of Economy & Commerce, and look forward to future engagements.”