Foreign investments

Doha attracts over $3 billion in foreign investment in 2022 – Doha News

Qatar has implemented a free trade strategy and has undergone many structural changes to reinforce the principle of trade openness.

Doha has attracted more than $3 billion in foreign investment to its capital market so far this year, globally surpassing $1.8 billion in total investment for the whole of 2021, according to the trade minister and Industry, Sheikh Mohamed bin Hamad bin Qassim Al-Thani. .

Speaking at the second edition of the Qatar Economic Forum hosted by Bloomberg, the minister said ongoing global conflicts have transformed Qatar’s outlook on the world and the placement of its foreign assets.

He also expressed hope that investment in Middle Eastern energy and other sectors will increase.

Qatar has implemented a free trade strategy and has undergone many structural changes to reinforce the principle of trade openness.

He noted the growing importance of international trade as a driver of prosperity, noting that it now accounts for around 55% of global gross domestic product (GDP), compared to just 5% 70 years ago.

According to the study by FDI Intelligence, a service of the Financial Times, the Gulf nation accounted for more than 6% of all inward FDI projects in the Middle East and Africa region.

According to the survey, Eat Just’s ambitions to build a new $200 million retail facility in Qatar were among the companies needing the most money in 2021. With future capacity additions, it will also be able to manufacture the company’s “Just Egg” egg substitute. in addition to cell-based meat.

Ferit Sahenk, chairman and chief executive of the Dogus Group, said he expected the global economy to experience a reversal and possibly a slowdown.

He also stressed the need for flexibility in the global system, the International Monetary Fund and the United Nations, as well as the importance of an inclusive, cooperative and collaborative plan of action to solve the economic problems and difficulties facing the world. confronted.

In order to reduce reliance on the concentration of various risks and the variety of options available, PwC Global Chairman Bob Moritz asserted that the world is currently undergoing supply chain reconfiguration compared to what it was five years ago.

Besides the products themselves, the supply chain also includes services and human capital. He noted the link between food and energy security, noting that this link posed a problem for the nations of the world.