The continued strengthening of Qatar-US trade and economic relations is expected to push further growth in forging of partnerships between private sector companies of both countries, an official of the American Chamber of Commerce in Qatar (AmCham Qatar) has said.
According to its chairman Robert Hager, who is also a partner at Crowell & Moring, the US has a “very vibrant” small and medium-sized enterprise (SME) sector, which is constantly diversifying and expanding operations overseas.
“Forging partnerships is important for the United States. While there are big US companies, a lot of our businesses in America are small, and we have a very vibrant SME sector that is eager to help other countries develop their SME ecosystem through knowledge transfer and partnership opportunities,” Hager told Gulf Times.
Hager expressed confidence in the continued collaboration between the US and Qatari private sector, citing a “very strong” relationship in the energy sector. He noted that Qatar’s American partners have also collaborated with the LNG-rich Gulf state in other ventures outside the US and Qatar.
“It’s not just a US-Qatar investment bubble, we’ve seen the two countries co-operate in outward investments due to Qatar’s robust market. It’s still a small market; the wealth here is great and the thrust is in diversifying investments and looking for worldwide partners, as well as partnering with US companies in investments in areas of mutual interest,” he said.
Hager also said he is anticipating further growth in US-Qatar trade relations on the back of diversification of investments on both sides and the continuation of a robust oil and gas relationship.
“We have technology that gets transferred and the major companies that work here will continue to be involved in that. You’re seeing the growth of diversification here and the diversification of US companies,” Hager pointed out.
He added: “You’re going to see that in the healthcare sector, and you’re going to see that as the World Cup brings Qatar to the forefront as an event destination. US companies are going to be involved in multiple sectors, whether it is sports and entertainment or technology, and they will help put Qatar on the worldwide stage”.
According to its chairman Robert Hager, who is also a partner at Crowell & Moring, the US has a “very vibrant” small and medium-sized enterprise (SME) sector, which is constantly diversifying and expanding operations overseas.
“Forging partnerships is important for the United States. While there are big US companies, a lot of our businesses in America are small, and we have a very vibrant SME sector that is eager to help other countries develop their SME ecosystem through knowledge transfer and partnership opportunities,” Hager told Gulf Times.
Hager expressed confidence in the continued collaboration between the US and Qatari private sector, citing a “very strong” relationship in the energy sector. He noted that Qatar’s American partners have also collaborated with the LNG-rich Gulf state in other ventures outside the US and Qatar.
“It’s not just a US-Qatar investment bubble, we’ve seen the two countries co-operate in outward investments due to Qatar’s robust market. It’s still a small market; the wealth here is great and the thrust is in diversifying investments and looking for worldwide partners, as well as partnering with US companies in investments in areas of mutual interest,” he said.
Hager also said he is anticipating further growth in US-Qatar trade relations on the back of diversification of investments on both sides and the continuation of a robust oil and gas relationship.
“We have technology that gets transferred and the major companies that work here will continue to be involved in that. You’re seeing the growth of diversification here and the diversification of US companies,” Hager pointed out.
He added: “You’re going to see that in the healthcare sector, and you’re going to see that as the World Cup brings Qatar to the forefront as an event destination. US companies are going to be involved in multiple sectors, whether it is sports and entertainment or technology, and they will help put Qatar on the worldwide stage”.