Operations at Hamad Port has helped bring down shipping costs by 31% despite an economic blockade imposed on Qatar by three of its Gulf neighbours, SAK Holding Group has said in its monthly real estate report.
Following the June 5 economic blockade, Qatari entrepreneurs are now changing the dynamics of running home-based businesses, an official said.
HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada emphasised that Qatar continued supplying oil and gas to its clients worldwide.
Qatar startups and the manufacturing sector “are getting more support” from the government, which has laid out a number of self-sufficiency and sustainability-related projects, an official of a Qatari company said.
The repercussions of the economic blockade, three months after it was imposed by Saudi Arabia and its allies, have declined revealing a stronger and economically independent Qatar, SAK Holding Group said in its latest report.
Qatar has proven its ability to overcome the challenges of the economic blockade imposed by Saudi Arabia and its allies, earning the praise and respect from both the international and regional communities, Doha Bank CEO Dr R Seetharaman has said.
Unfazed by the economic blockade, a Qatari food processing company is expanding its operations and increasing production capacity, said an official, who also revealed plans to export Qatari food products to European countries.
The Committee on Agriculture and Environment at Qatar Chamber has held a meeting with importers of foodstuff to follow up on the flow of food imports and ensure that the local market is well-supplied with food commodities.
Robust outlook beckons Qatari construction industry, notwithstanding the economic blockade by the siege countries, according to BMI, a Fitch company.
Qatar Chamber (QC) has launched an initiative aimed at identifying losses sustained by Qatari companies from the economic blockade imposed by Saudi Arabia and its allies, it was announced on Wednesday.