The Supreme Committee for Delivery & Legacy (SC), the organisation responsible for delivering the infrastructure required to host the 2022 FIFA World Cup, yesterday participated in the Qatar-US Economic Forum, which took place at the Four Seasons Hotel in Miami, Florida.
Led by HE the Minister of Economy and Commerce, Sheikh Ahmed bin Jassim bin Mohamed al-Thani, the forum sought to inform US business leaders of the myriad commercial opportunities on offer in Qatar’s growing, resilient economy.
With Qatari-US bilateral trade amounting to more than QR21bn in 2017, the forum aimed to build on an already strong economic relationship between the two countries.
SC’s commercial assurance manager, Mohamed Qassem al-Emadi spoke on a panel alongside Abdulrahman al-Khayareen, CEO, Widam Food Company; Fahad al-Kuwari (Ministry of Energy & Industry), and Mohamed al-Malki, chief planning & development officer (Manateq) to discuss the international business opportunities presented by the 2022 FIFA World Cup Qatar.
In the past year alone, SC has entered commercial agreements worth over QR1.82bn with US businesses, while the 2022 FIFA World Cup in its entirety is expected to create more than QR30.64bn in investment opportunities for US companies.
At the panel, al-Emadi said, “The Qatar World Cup not only represents an enormous economic opportunity for Qatar, but also for Qatar’s international trading partners. We are working with businesses from all over the world to prepare for the tournament.
“For example, many of the contracts to build our stadiums sit with international companies, which form joint venture partnerships with local companies to build local capacity and create a sustainable economic legacy. Many of our leading commercial partners are also from the US and there are wealth of opportunities remaining for US businesses to seize.”
Sheikh Ahmed said, “The USA is one of Qatar’s largest trading partners and, over the last ten years, trade between our two countries has doubled. This forum between Qatar and the US aims to both highlight our economic and cultural partnership and to support further investment and deeper commercial relations. Attracting international trade and investment plays a vital part in the development of Qatar’s economic policy and we look forward to building on our close relationship with the US.”
The Qatar-US Economic Forum is the first part of a month-long US roadshow being led by Qatar’s Ministry of Economy and Commerce.
It aims to highlight Qatar’s investment in the US and the strong and deep-rooted relationship between the two countries.
The roadshow will visit four cities across the US starting in Miami, Florida, then Washington, DC, Charleston (South Carolina) and Raleigh (North Carolina).
A panel session at the Qatar-US Economic Forum in Miami, Florida on Wednesday. The panellists included SC’s commercial assurance manager, Mohamed Qassem al-Emadi.