Qatar: Investment Building and Environment Cleaning

Mega-Millions for Qatar Investments

Qatar is on its way to making mega-millions; at least that’s what it is hoping for at the upcoming Business and Investment Opportunities forum due to take place in Washington this week. Indeed, H E Mohamed bin Abdullah Al Rumaihi (the country’s Assistant Foreign Minister for Follow-up Affairs) is looking at a staggering $5bn worth of investments. To kick-start this, five contracts will be signed in an attempt to expand trade links between the two sides. It seems that Qatar is looking into forging business deals with Americans, following the conference which will have around 400 US trade and industry members and 200 Qatari officials participating in.
This makes sense. Both sides have quite a bit to offer in the field. Qatar has a reputation for being the world’s greatest exporter of Liquefied Natural Gas and America the world’s largest energy consumer.

Qatar and America: More than just Resources Merger

What’s interesting about the investment opportunities that are set to take place between Qatar and America is that it looks set to go beyond the country’s natural resources. By joining together in some areas, Al Rumaihi belives other areas will develop too including banking, communications, education and health. This is particularly the case since American companies are already predicting the benefit of playing a part in Qatar’s health and water management areas since it already acts as the country’s “largest trade partner,” as indicated by the existence of Doha’s America Chamber of Commerce and Industry.

US-Qatar Expanding Trade

Truth is, all this isn’t such new news for the two countries. Already figures have shown how trade has been expanding between Qatar and the US with a staggering 340 percent increase from 2003 to 2009 of trade between Doha and Washington. And America clearly takes pride in the country, having established eight universities in Qatar (more than they have done in any other country).

Qatar Cleans Up

Other good news in Qatar is that the country is showing its “commitment to preserving Qatar’s natural habitat and wildlife at the ongoing Qatar Petroleum 2011 Environment Fair at the Doha Exhibition Centre.” Clearly, the better a country’s environment, the more attractive it will be to other country’s vis-à-vis investment opportunities as this also indicates greater stability. Environmental bodies in Qatar have been working closely with RasGas Company Limited to further this goal. At the conference, individuals were also presented with the opportunity of becoming an environmental ambassador for the company and “make a positive impact on sustainable development in Qatar.”