TOP QATARI TEAM STARTS BUSINESS TOUR OF U.S.

DOHA, Qatar, A Qatari delegation, headed by the Minister of Economy and Commerce, Sheikh Ahmed bin Jassim bin Mohamed al-Thani, started its ‘economic tour’ of the US, it was announced.

Beginning in Miami, Florida, the tour will take the Qatari officials to Washington DC, Columbia; Charleston, South Carolina; and Raleigh, North Carolina.

The minister and the accompanying delegation will meet with business leaders and officials, to highlight and bolster prospects for economic, trade and investment co-operation, the Ministry of Economy and Commerce (MEC) said, in the statement.

The Qatari delegation includes Sheikh Meshal bin Hamad al-Thani, Qatar’s ambassador to the US and representatives from the MEC, Ministry of Energy and Industry, Qatar Investment Authority (QIA), Qatar Chamber, Qatar Airways, Qatar Foundation, Doha Film Institute, Qatar Stock Exchange, Free Zones Authority, Qatar Financial Centre, beIN Sports, Supreme Committee for Delivery and Legacy, QNB, Manateq, Qatari Diar, Katara Hospitality, Qatar Tourism Authority and several other major entities in Qatar.

Commenting on the tour, Sheikh Ahmed said, Over the past decade, Qatar has cemented its partnership with the US, in the form of direct investments, joint ventures and trade deals. These investments have contributed to the creation of countless new opportunities for investors and businessmen from both countries. More than 658 American companies are currently operating in Qatar, of which 117 are fully owned US companies. The volume of US investments in Qatar amounted to QR 26.3 billion (USD 7.23 billion).

Tomorrow, Miami will host the Qatar-US Economic Forum, which will bring together more than 200 businesspersons and officials from Qatar, along with around 200 businesspersons and CEO’s of major US companies. Business-to-business sessions will be conducted on the sidelines of the forum, as attendees seek to bolster the strong and long-standing economic partnership between Qatar and the US, the statement notes.

Today, the US is considered a strong trading partner and is the primary source for Qatari imports. In 2017, 16% of Qatar’s imports came from the US, according to the MEC. In 2015, QIA pledged to invest $45 billion in the US, over a five-year period, of which $10 billion will be invested in infrastructure.

Source: Nam News Network