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QNA
Washington
Qatar's favourable investment climate, created by a host of business-friendly measures initiated by the government, has made the country a hotspot for foreign investments, Minister of Economy and Commerce HE Sheikh Ahmed bin Jassim bin Mohammed al Thani said on Saturday.
He was addressing a session organised by the Business Council for International Understanding (BCIU) on the sidelines of the SelectUSA Summit being held in Washington. He also met with US Secretary of Commerce Wilbur Ross on Saturday.
Sheikh Ahmed said the Qatari economy offers several great advantages to investors, including the recently promulgated Foreign Investment Regulation Act that would allow foreign investors 100 percent ownership in all sectors and support the entry of foreign investors in the Qatari market.
He said the prudent policies adopted by Qatar have helped stimulate all sectors of the country to increase their productivity, which has positively impacted the national economy and achieved positive growth rates during the past year.
The minister also elaborated on the mechanisms Qatar employs to support joint investments and stimulate the private sector to establish innovative investment projects in key sectors.
The session discussed the latest developments in the economic, trade and investment relations between Qatar and the US and the means of developing them. It also discussed 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 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.
