Qatar will soon unveil its national development strategy (NDS) 2017-22, focusing on six priority areas as manufacturing, scientific and professional services, financial services, information and communication, tourism and logistics, according to a senior Emiri Diwan official.
"The government will soon reveal its NDS 2017-2022 in which the increase of the contribution of the non-hydrocarbon sector to the economy is a priority," Emiri Diwan economic adviser Dr. Ibrahim Ibrahim told a networking event organised by the Qatar Financial Center (QFC).
Stressing that the government is also working on broad regulations to identify the nature of the relationship in public-private partnerships (PPP) ventures, he said the private sector is called upon to support the government in these endeavors by increasing its investment in these sectors to strengthen the PPP ventures.
QFC Authority chief executive Yousuf Mohamed al-Jaida said Qatar’s economy has shown great resilience in the past few months.
“Despite current regional uncertainties, business continues as usual for the QFC and Qatar is open for business. We remain focused and committed to our growth and that of our firms,” he said, adding “The QFC is an important component of the domestic economy, and will continue to support Qatar in growing its private sector, promoting diversification and attracting foreign investment.”
Highlighting that there are more than 100 American companies operating currently in Qatar, most of which provide some of the best financial, investment and consulting services available in Qatar today; William Grant, the US Ambassador, said “We value our work with QFC and hope to continue working closely to bring even more US firms to Qatar."
"I can tell you that the relationship between our two countries is strong and getting even stronger across many lines of effort,” he said, pointing out to the last week's conference that brought together over 100 US and Qatari business people from across a range of business sectors.
During the networking event, the QFC acknowledged eight of its longest standing firms, which joined its platform during the first year of its establishment. These included the Arab Jordan Investment Bank (Qatar), Credit Suisse (Qatar), the Arab Law Bureau, PricewaterhouseCoopers Qatar, Eversheds Legal Services (Qatar), Morgan Stanley and Co International, Axa Insurance (Gulf) and Bank Audi.
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