The Qatari business sector is awaiting promising opportunities and a robust promotion for its products and investment environment in the Astana International Forum 2023.
Attended by senior political and economic decision makers worldwide, the forum will kick off in the Kazakh capital Astana from Jun. 8-9, 2023.
The event is set to discuss unifying the global efforts dedicated to countering challenges related to climate change, food scarcity, energy security, exchange viewpoints on them and propose appropriate solutions accordingly.
The sector aspires to forge new trade alliances with multiple global economic blocs and powers, specially that its growth process will be promoted, along with the available opportunities and offered facilitations to attract foreign investors on the margins of the forums events at the highest level.
The State of Qatar’s high-level participation in the forum represents a strong presence of the emerging sector and will open the door in front of diversification of its base, expand its operations circle and identify the major structural reforms that have been carried out to stimulate growth and accelerate its pace.
In pursuit of highlighting the State of Qatar’s participation in this global critical event further, and the valuable addition it represents to its national economy, Qatar News Agency polled the opinions of experts, analysts, academics, and businessmen to talk a little bit more about this forum.
Businessman Hassan Al Hakim stresses the importance of attending this forum with an outstanding presence, since the forum constitutes a critical platform to promote the Qatari business sector globally and discuss the perfect and safe environment the sector is providing to local and foreign investments with their varying degrees of types and activities and introduce incentives offered to trade and economic sectors, along with the facilitations afforded to them that would consolidate national economic system and increase global confidence in their elements to be positively reflected on incentivizing economic growth and accelerating its pace.
He sees that the participation would have a significant and direct impact on the sector and open wide prospects for future partnership between Qatari sectors and their peers worldwide since the forum is a platform for the convergence of government representatives, international organizations, companies, and media circles face to face to discuss strategic issues and share successful expertise and experiences in business and investment areas.
It also offers an umbrella to promote communication with various international trade partners to discuss ways to bolster bilateral economic relations and brief them on the available investment opportunities, in addition to forging successful partnerships with Qatari private sector and its counterparts worldwide.
Qatari business sector abounds with numerous available opportunities in transformative industries, oil & gas, agriculture, real estate, infrastructure, technology and innovation, Al Hakim noted, pointing out that Qatar’s participation will increase the volume of intraregional trade and bolster economic cooperation ties between Qatar and friendly countries, which per se, is an opportunity to tap into new markets where the Qatari business sector finds an opportunity to expand, develop and diversify its income sources, in addition to upgrading its operations and business environments culminating in improvement of investment climate and strengthen its activities.
This is because Qatar has the potential to become a hub for entrepreneurship in the region, as long as, the country is more competitive and attractive to local, regional and international investments. He added that Qatar is moving forward to upgrading its business environment, optimizing its investment climate, and enhancing its business activities through counting on the infrastructure and sophisticated logistical services it possesses.
For his part, businessman and founder and president of Qatar Pharmaceutical Industries Company Mansour Sultan Al Mansour noted the Qatari high-level participation in this global forum, asserting that it is positive by all accounts and carries very critical fruitful outcomes, pointing out that its reflections on business and economy will be direct both in the short and long terms. He said the participation will effectively and broadly promote the Qatari investment environment globally, including the inherent profitable activities, whether in the field of manufacturing and mining, infrastructure, technological innovation, digital solutions, or other critical sectors.
In addition, Al Mansour commended the great support provided by the wise leadership to the national business and industries sector that witnessed dramatic shifts and achieved enormous gains despite their short life, indicating that the sector is constantly evolving and expanding, affirming that the participation of the State of Qatar in this global forum will draw considerable attention to the Qatari economic structure with keenness to supply it with productive techniques that promote its growth through attracting major global companies specialized in various fields, in pursuit of localizing the technologies to ensure highest quality of Qatari products.
For his part, Economic expert Abdullah Al Khater highlighted the significance of the key three topics Astana International Forum will address, notably: climate changes, food security and energy as these topics are global strategic issues from his own perspective and require great international synergy, since they are contemporary issues. The forum he said, is an opportunity to discuss its challenges and develop effective solutions for them, especially about green and clean energy and simultaneously highlight the Central Asian’s role as a vital economic player considering the radical shifts at energy level accompanied by a global orientation towards East Asia and geopolitical action maximizing the region’s role through time, Al Khater emphasized.
From his own perspective, Al Khater indicated that the presence of Qatari business sector in this forum is of paramount importance as it opens doors and horizon and diversifies its investment base and available opportunities to be positively reflected on the role of national economy.
Participation in a forum with this global weight will be a right and successful step because it addresses the prominent hot issues at the level of regional and global awareness relevant to energy, environment, and climate, which per se, are essential issues since the Qatari presence reflects a qualitative ability to build and forge political, trade and economic ties with various decision makers and international businessmen, he said.
The participation, According to Al Khater will enable Qatari economic sectors to simultaneously diversify their productive and industrial base, in addition to promoting their exports and guarantee overcoming obstacles when accessing foreign markets.
Economist and Chairman of the Qatari Association of Chartered Certified Accountants Dr. Hashim Bin Abdul Rahim Al Sayed pointed to the economic weight the State of Qatar possesses at the global level in the areas of energy and clean energy which enabled the country to play a pivotal role at this level, since Qatar is the second-largest LNG exporter after the United States of America, and this affords Qatar a great weight in the international trade, as well as high growth rates and GDPs the State of Qatar and GCC states have, making them play an outstanding role in the global economy in light of their connection with the US dollar.
He underlined that -cash surpluses in the trade balance of the State of Qatar, along with the amendment and restructuring its investment policies and regulating the work mechanisms of its sovereign fund to keep up with global economic changes- prompt Qatar to forge multiple alliances and partnerships around the world and seize the available opportunities considering the unprecedented deceleration and inflation the region is witnessing.
Therefore, Al Sayed considers the Qatari participation in this global forum highly essential and reflects insight and indicates a thoughtful planning to seize investment opportunities with the objective of diversifying geographical distribution for Qatar Fund’s investments, translates Qatar’s keenness to promote the concept of partnership between public and private sectors, strive towards providing logistical services, transferring cutting -edge technology and modern industry to the State of Qatar precipitating the country’s effective participation in this forum because of the unmatched economic and investment elements the State of Qatar possesses which contributed to Qatar’s leading the investment map of the region, after it had topped the first rank in attracting foreign investors in the Arab arena, Al Sayed noted, adding that the participation will indubitably promote the Qatari business environment.
Source: Qatar News Agency