US official upbeat on Qatar projects

Qatari Businessmen Association (QBA) second deputy chairman Sheikh Dr Khalid bin Thani al-Thani recently hosted a luncheon at his majlis for the US Secretary of Commerce Penny Pritzker and accompanying delegation.
Among the dignitaries present were HE Sheikh Faisal bin Qassim al-Thani, QBA Chairman and HE Dr Hessa al-Jaber, Minister of Information and Communication Technology.
Also present were Sheikh Ali bin Abdullah bin Thani al-Thani, Sheikh Abdullah bin Thani al-Thani, Sherida Saad al-Kaabi, Saoud al-Mana,  Nabil Abu Issa, Ibrahim al-Jaidah, Ahsraf Abu Issa, Maqbool Habeeb Khalfan and Sarah Abadllah QBA deputy general manager.
In her address, Pritzker said Qatar’s major development plan would create huge investment opportunities and that American companies would like to take part in projects concerned.
She also said American companies have shown a great interest in joining the mission.
“All companies present with us today have world-class expertise in many sectors of the economy. They would like to develop partnership with their Qatari counterparts to develop the economic and bilateral relations between the two countries,” she said.
Sheikh Faisal noted that the Qatari-American relationship was already strong and had witnessed “great improvement” in recent years at many levels.
“We are ready to support the American companies and businessmen and provide them with any required information or contacts to enter the Qatari market and benefit from the investment opportunities,” the QBA chairman said.
Sheikh Dr Khalid termed the US secretary’s Qatar visit as “important” and said it would further develop the already strong bilateral relationship.
“Qatar is witnessing rapid development under the wise leadership of HH the Emir, Sheikh Tamim bin Hamad bin Khalifa al-Thani. Qatar allocated more than 40% of its 2013-14 budget for development projects. This will create major opportunities for investment. We invite American companies to take part in those projects as we believe their expertise, and know-how can create value addition,” Sheikh Dr Khalid said.
US is currently Qatar’s largest foreign investor. US exports to Qatar have totalled $4.95bn as of August 2013. Qatari exports to the US accounted for $3bn in 2013.
And since the launch of the US National Export Initiative in 2010, exports to Qatar have increased by 57%.
Both countries have also signed a number of MoUs to promote trade co-operation between them.

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