Qatar Economic Forum highlights country's position as influential economic player: minister
June 11 2022 11:17 PM
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HE the Minister of Commerce and Industry Sheikh Mohamed bin Hamad bin Qassim al-Thani
HE the Minister of Commerce and Industry Sheikh Mohamed bin Hamad bin Qassim al-Thani

QNA/Doha

HE the Minister of Commerce and Industry Sheikh Mohamed bin Hamad bin Qassim al-Thani stressed that the Qatar Economic Forum, Powered by Bloomberg, reflects the status of Qatar as an influential economic player and as a bridge for communication and constructive dialogue, translating its keenness to strengthen international partnerships to achieve global economic recovery.

HE the Minister said in a statement to Qatar News Agency (QNA) that the forum, which will be held from June 20 to 22, is a distinguished platform for discussing solutions to address the current issues and challenges the world is witnessing.
He noted that the forum reflects Qatar's keenness to enhance international co-operation and partnerships to achieve a just economic recovery that includes all countries, especially developing and least developed countries, in a manner that enhances the ability of these countries to overcome the economic repercussions of the Covid-19 pandemic and the consequences of the Ukrainian crisis, especially its impact on commodity markets, trade and the financial sector of many economically fragile states.
He also underlined that the forum reflects the strategic position of Qatar as an influential economic player in the region and as a bridge for communication and constructive dialogue between the region and various countries of the world.
HE the Minister said the forum represents an important part of Qatar's efforts towards consolidating its position as a leading global centre for important international events, where thought leaders and experts will discuss innovative and effective solutions and mechanisms to address comprehensive development issues, by promoting joint international action to raise global economic challenges.
He added, "From this standpoint, we aspire that this forum will represent an annual international platform that brings together leaders of countries, heads of government, experts from around the world and senior officials of international companies to develop innovative and new perceptions of issues that concern the global economy."
This year's edition of the forum sheds light on a number of global topics and issues, including achieving equality in the long-term global economic recovery equation, the future of global markets and prospects for globalisation, ways to support global supply chains, transformations in the energy sector and green economy, and carbon emission reduction mechanisms.
The forum will also discuss the economic strategies adopted to diversify sources of income in a way that contributes to reducing climate change, eliminating poverty, reducing inflation, protecting the environment, providing investment opportunities in the sports sector, preparing to host the FIFA World Cup Qatar 2022, future technology prospects, and ways to support the renaissance of the African continent in the 21st century.
HE Sheikh Mohamed told QNA that this year's edition of the Qatar Economic Forum, Powered by Bloomberg, is an additional building block for the positive results achieved during the first edition, which was held in 2021. It attracted more than 600 speakers, including a number of heads of state, business leaders and policy experts in various sectors, from over 120 countries around the world.
He continued, "The forum 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 perspective of the Middle East and North Africa region.
"The importance of the 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 and build a better future for future generations."
On the Qatari economy, he explained that the Qatar Economic Forum, Powered by Bloomberg provides an important platform to highlight Qatar as a leading investment destination in the region and the world, and the incentives and investment opportunities offered by the State to investors, entrepreneurs and major international companies in the non-oil and value-added sectors, especially in areas that serve Qatar National Vision 2030 and the National Development Strategy 2018-2022, which aim to establish a diversified and competitive knowledge-based economy.
In this context, he indicated that during the forum, the developments that have been accomplished in implementing major development projects aimed at achieving the national vision and the achievements made in preparation for hosting the FIFA World Cup Qatar 2022 will be reviewed.
He pointed out that the forum provides an opportunity to review the efforts of Qatar to consolidate its commitment to the global multilateral trading system, enhance its economic openness and strengthen co-operation with various trading partners around the world.
At the international level, HE Sheikh Mohamed noted that the forum constitutes a platform for reviewing ways to promote sustainable development plans and projects for the peoples of the region and the continents of Asia and Africa, especially developing and least developed countries, and to develop solutions to support the recovery of their economies.
He said the Covid-19 pandemic showed the fragility of development systems prevailing in the world, whether at the health, economic or political level, and the pandemic also deepened the gap between developed and developing countries at the level of education, health and the economy.
He stressed that the forum would work to mobilise efforts and consolidate frameworks of co-operation and international solidarity to draw effective solutions to these issues and to chart future directions to bridge the gaps and bring the paths of recovery closer in order to lay the foundations for building an integrated global social and economic system that will achieve the Sustainable Development Goals 2030.



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