Qatar Prime Minister Champions FDI and Private Sector Growth

Prime Minister Sheikh Mohamed bin Abdulrahman bin Jassim al-Thani took centre stage at the Qatar Economic Forum 2024, highlighting Qatar’s commitment to stimulating foreign direct investment (FDI) and fostering robust growth in the private sector.

During a conversation with Francine Lacqua from Bloomberg Television, HE Sheikh Mohamed reiterated Qatar’s dedication to enhancing infrastructure and creating opportunities across sectors like healthcare and education. He emphasised the economic potential of healthcare, particularly in research and development, as well as the burgeoning pharmaceutical industry.

In the realm of digitalisation, Qatar is making significant strides, with the Prime Minister stressing the need for substantial investments in artificial intelligence (AI)-related infrastructure and applications. He also unveiled the ‘Al Fanar’ project, aimed at enriching linguistic models and preserving Arab identity through AI.

Discussing Qatar’s investment strategy, HE Sheikh Mohamed outlined a diversified approach that includes outward investments, with a focus on ensuring high returns and mitigating risks. The stability and sustainability of investments, especially in emerging markets like Central Asia and Africa, were highlighted alongside traditional markets like the US and Asia.

The recent launch of Qatar’s National Development Strategy, a crucial milestone in achieving the Qatar National Vision 2030, underscores the government’s commitment to leveraging existing infrastructure for human capital development and unlocking opportunities for the private sector.

Regionally, Qatar is strengthening ties with GCC neighbours like Saudi Arabia and the UAE, signalling increased interest among Qatari companies to invest in other Gulf nations. This collaborative approach aligns with Qatar’s vision for sustainable growth and economic prosperity, positioning the country as a beacon of opportunity in the region.