Qatar remains one of the most attractive markets for investors, with favourable investment opportunities across key sectors, HE the Minister of Finance Ali Sherif al-Emadi has said.
In a press statement issued by the Ministry of Finance on the occasion of Qatar's participation in the annual meetings of the International Monetary Fund and the World Bank in Washington DC, HE the minister said "recent measures introduced by our government aim to support continued investment and promote incentives for private companies and international investors looking to expand to the region".
The minister said: "Qatar's budget deficit is expected to decline over the next few years, and economic prospects remain promising."
"Qatar and the US have long enjoyed a strong and mutually beneficial relationship, and our attendance at the annual meetings of the IMF and World Bank was an opportunity to further strengthen our relationship with US investors and stakeholders and highlight the avenues for collaboration," he concluded.
The Qatari delegation to the meeting was led by HE al-Emadi, and included HE the Governor of Qatar Central Bank Sheikh Abdullah bin Saoud al-Thani and members of Qatar's financial sector.
During the sessions, US private and governmental representatives were given an in-depth insight into Qatar's resilient financial and banking sector. Discussions also focused on the continuing and growing opportunities for US investors and businesses in Qatar, and bilateral trade relations between the two countries.
The governor of the QCB said that the siege imposed by neighbouring countries on Qatar since last June has not adversely affected the nation's economic fundamentals.
"The Qatar Central Bank took timely and decisive action in mitigating the impact on banks' balance sheets through liquidity injection and increasing public sector deposits when the blockade was imposed," he said. "Macroprudential indicators for the banking sector remain healthy," the central bank governor added.
Qatar remains one of the largest trading partners of the US in the Middle East region, with imports increasing by 29% in 2016.
Recently, new laws and regulations have been introduced in Qatar to improve the business environment and further enhance private sector growth.
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