Qatar Chamber has reviewed efforts exerted in the last two years, which have resulted in the transformation of the impact of the unjust blockade into positive ones and helped revive the investment climate and enhanced the contribution of the private sector to the state’s economy.
The statement was made by Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari, who welcomed a visiting delegation of journalists and bloggers from Balkan states, Serbia, Bulgaria, and Greece in the presence of Qatari-Bulgarian Business Council head Peter Michalos.
Al-Kuwari said Qatar has managed to defeat the blockade imposed on the country and changed its repercussions into positives, noting it made significant progress in various sectors, especially in industry and agriculture.
He noted that the country benefited from the excellent co-operation relations with friendly countries and was able to attract a lot of foreign investment in light of legislative reforms and laws encouraging investment.
Al-Kuwari said the government has taken all measures to prevent the business sector from being affected by the blockade and provided many incentives for investment. He lauded the role played by Hamad Port during the blockade, affirming that opening new maritime routes with many countries contributed to the provision of all goods needed by the local market.
He said the private sector found new alternatives for goods that were imported from blockade countries, noting that local companies doubled production to meet the market needs and a lot of factories and farms were established with a view to achieve self-sufficiency. He noted that Qatari companies managed to achieve self-sufficiency in many products and to export surplus abroad.
Al-Kuwari said Qatar has the potential of being a leading destination for foreign investments, affirming that legislative reforms issued by the county created a sound climate and generated more opportunities for the private sector.
He added that the state’s plans to diversify the economy and find new sources of income other than oil and gas are on track. He said Qatar’s support for small and medium-sized enterprises opened the way for co-operation between Qatari companies and their counterparts from the Balkan countries.
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