QNA
Doha
With favourable energy prices and a dynamic economy, Qatar is strong enough to withstand any expected recession in the West, the President of the US-Qatari Business Council (USQBC), Scott Taylor, has said.
While its impact might be felt in other parts of the world, Taylor said Qatar would stand out as an ideal investment destination.
Qatari investors will be able to invest capital and reap profits through low-cost deals that will bring them a lot of returns when the world gets out of the potential recession, he added.
The USQBC president also shared details of his planned visit to Qatar.
“This one specifically is to meet with our current members to discuss their needs and help them out and keep our relationship going. It’s also to promote the US and help the Business Council to get new members. We just got a new Qatari member as well. We’re very happy and proud.”
Taylor said he would also seek to meet with authorities to understand Qatar’s post-World Cup business strategy and goal.
“Clearly the LNG expansion is a massive driver of the economy for this country, but also for business between the United States and Qatar as well. We obviously have American companies who are participating in the expansion. So, that’s one thing.
“You’re also going to have human talent bringing expertise and bringing folks in as got the pivots from not just construction and infrastructure but also from you know bringing in technical expertise and production here and then exporting it to you know Asia and other parts of the world so. We’re excited for the growth and what’s the best is yet to come for this country and we want to be a part of it.”
Concerning USQBC’s role to assist the business sector of the two countries, Taylor explained, “We help at a very high level where a bespoke organization. So we help navigate, we help businesses navigate both countries, get them connected to very important high-level contacts, and then we help facilitate deals between businesses as well. So again, we’re the premier bilateral trade group between the two countries.”
The executive said there were a lot of lessons learned in this World Cup that benefit Mexico, Canada, and the United States - the host countries of the 2026 World Cup.
“I think one of the biggest things that we can learn from Qatar is the fact that you illustrated and showcased your culture so well surrounding the World Cup and we could certainly learn from you and learn from that and those conversations are ongoing.”
He stressed that the North American bodies can learn about promoting culture, security, and logistics.
“The bodies that are responsible for the World Cup in North America are absolutely gaining knowledge and expertise from Qatar and its experience in the World Cup.”
