October 6, 2022

Qatar Economic Forum highlights nation’s position as an influential economic player, says minister

 

Minister of Commerce and Industry HE Sheikh Mohammed bin Hamad bin Qassim Al Thani, affirmed that Qatar Economic Forum, in cooperation with Bloomberg, reflects the status of Qatar as an influential economic player, and as a bridge for communication and constructive dialogue, and translates its keenness to strengthen international partnerships to achieve global economic recovery.
He said in a statement to Qatar News Agency (QNA) that the forum, which will be held in Doha from June 20 to 22, is a distinguished platform for discussing solutions to address the current issues and challenges the world is witnessing.
He stressed that the forum reflects Qatar’s keenness to enhance international cooperation 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 the markets commodities, trade, and the financial sector of many economically fragile states.
The minister said 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 noted that the forum represented an important part of the efforts of Qatar towards consolidating its position as a leading global centre for important international events, where thought thinkers and experts would discuss innovative and effective solutions and mechanisms to address comprehensive development issues, by promoting joint international action to raise global economic challenges.
“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 globalization, ways to support global supply chains, transformations in the energy sector and the green economy, and reduction mechanisms of carbon emissions.
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, 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.
Sheikh Mohammed said this year’s edition of the Qatar Economic Forum 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 more than 120 countries around the world.
“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, the minister said the forum 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’s National Vision 2030 and the National Development Strategy 2018-2022, which aim to establish a diversified and competitive knowledge-based economy.
In this context, Sheikh Mohammed said during the forum, the developments that have been achieved 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 Qatar Economic 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 cooperation with various trading partners around the world.
At the international level, the minister 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 the 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 will work to mobilise efforts and consolidate frameworks of cooperation 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 goals of sustainable global development 2030.

QNA