Qatar Economic Forum to highlight country as key economic player, top investment destination: Al-Kuwari
June 21 2021 12:03 AM
HE the Minister of Commerce and Industry and Acting Minister of Finance, Ali bin Ahmed al-Kuwari.
HE the Minister of Commerce and Industry and Acting Minister of Finance, Ali bin Ahmed al-Kuwari.


HE the Minister of Commerce and Industry and Acting Minister of Finance, Ali bin Ahmed al-Kuwari, affirmed that the Qatar Economic Forum, powered by Bloomberg, which starts Monday via videoconferencing, constitutes an opportunity to shed light on the efforts of the State of Qatar to consolidate its position as an influential economic player in the region and a leading investment destination to value-added projects, especially in sectors that serve the Qatar National Vision 2030 and the National Development Strategy 2018-2022 to establish a diversified and competitive knowledge-based economy.
In an interview with Qatar News Agency (QNA), HE the Minister stated that during the forum, various economic policies that were adopted to lay down economic plans and foresee the future, anticipate the future and maintain the stability and balance of the country's economic growth will be discussed.
He said proactive thinking and speed of adaptation to changes constituted a basic pillar of the country's plans and programmes, and flexibility was adopted to be the main approach in dealing with various regional and international challenges, especially during the current situation witnessed by all countries of the world following the outbreak of the pandemic and the drop in oil and gas prices.
He pointed out that the forum will shed light on the business environment provided by the State and the available investment opportunities, and review the developments that have been made in implementing major development projects, especially projects related to hosting the 2022 FIFA World Cup and the efforts of the State of Qatar to consolidate commitment to the global multilateral trading system, enhance economic openness and strengthening co-operation with various trading partners around the world.
He affirmed that the organising committee of the Qatar Economic Forum, powered by Bloomberg, has completed all its preparations to organise the first edition of this important international event, which is the first of its kind in the region, given the wide international participation that it will witness, especially from head of the States and CEOs, as well as inspiring personalities and decision-makers to exchange views and discuss the current issues facing the various economies of the world.
HE the Minister added that this virtual event aims to prepare plans that support the growth of the global economy during the post-pandemic stage, and to rethink the prospects for the global economy through the lens of the Middle East and North Africa region, pointing out that the importance of the Qatar Economic Forum lies in its ability to take advantage of the current situation to create a new platform for innovation and dialogue between countries to chart a new path, re-imagine the priorities of the global economy and thus build a better future for all peoples.
On the most prominent issues and topics discussed by the forum, HE al-Kuwari stated that the agenda will be centred around six main pillars over three days: "Technology Advanced" takes a closer look at permanent changes to the human-technology nexus; "A Sustainable World" will explore the intersection of capitalism and climate; "Markets and Investing" poses the question of whether investors, in their inexorable pursuit of growth opportunities, can shape a more resilient global economy; "Power and Trade Flows" gathers global power brokers to share their vision of the road ahead; "The Changing Consumer" examines the future of commerce; and "A More Inclusive World" will offer ideas for healing fissures in a post-pandemic society.
He stated that the forum will witness the participation of more than 100 speakers from all over the world, including heads of state and CEOs, as well as influential voices and decision-makers in the fields of finance, economics, investment, technology, energy, education, sports and climate in an effort to identify opportunities, present solutions and rethink the global economic landscape through the lens of the Middle East, in addition to the participation of more than 2,000 people from around the world.
On the possibility of making the forum an annual Qatari international platform to discuss global economic challenges and comprehensive development issues, HE al-Kuwari said that the State of Qatar is one of the most important and leading destinations in the field of hosting and organising important global forums and events and that it has a proven track record of hosting international events, and provides facilities and infrastructure designed and built according to the highest international standards.
HE the Minister added that the success witnessed by the various global events organised in Doha reflects the State's ability to host international meetings and platforms that bring together the leaders from around the world, especially in light of the policies pursued by the State through the adoption of knowledge, creativity and innovation as a basis for growth and development in various fields.
He continued, saying that the organisation of Qatar Economic Forum is an important part of the country's efforts towards consolidating its position as a pivotal commercial centre for the business sector in the world, where thought leaders and experts will discuss innovative and effective solutions and mechanisms to address comprehensive development issues by providing an opportunity to exchange ideas to overcome various global economic challenges and build a better future for future generations.
HE al-Kuwari looked forward that this forum will be an annual international platform that brings together leaders, heads of government and experts from around the world to develop innovative and new perceptions of issues related to the global economy.
In the same context, HE the Minister stressed that organising the forum in Doha demonstrates Qatar's strategic position and ability to link the two continents of Asia and Africa, which in turn will also represent a focus for important discussions among the participants on the need to consolidate and deepen means of co-operation and communication as a means to promote economic recovery.
In response to the question about the forum's role in discussing development issues in poor countries, HE the Minister explained that Qatar Economic Forum constitutes an international platform during which current global issues will be discussed, especially based on the perceptions of countries in the Middle East and North Africa, as well as ways to enhance sustainable development plans and projects for the people of this region and develop solutions to support the recovery of the global economy from the Covid-19 consequences to meet the aspirations of all countries, especially poor and developing countries.
He added that the pandemic demonstrated the fragility of the development systems prevailing in the world, whether at health, economic or political levels.
He pointed out that the pandemic revealed the existence of institutional and structural weaknesses within government systems in developed and poor countries alike.
HE the Minister added that the forum will continue to mobilise efforts and consolidate frameworks of co-operation and international solidarity to devise effective solutions to comprehensive development issues and chart future directions that will bridge the gap between developed and developing countries, especially in the right to obtain a vaccine through its fair and comprehensive distribution in a manner that lays the foundations for building a global social and economic system integrated to achieve the 2030 Sustainable Development Goals.

Last updated: June 21 2021 12:04 AM

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