Reduce bureaucracy, reform banking: Emir lays out 7-point strategy to fortify Qatar economy

 14 Nov 2017 - 17:32

Reduce bureaucracy, reform banking: Emir lays out 7-point strategy to fortify Qatar economy

The Peninsula/ QNA

Doha: While addressing the Advisory Council today morning, the Emir H H Sheikh Tamim bin Hamad Al-Thani, laid out the strategy to fortify Qatar’s economy.
“Our strategy to fortifying the national economy must be based on the following, he said:
First
, completion of the necessary legislations and decrees to facilitate investment, reduce bureaucracy, and reform the banking system to be compatible with the major tasks that we face in the new stage of building the economy and the state.

Second, completion of food and water security projects over a specified time frame, and development of new industries and services necessary to respond to any contingencies, and implementing constructions and facilities that are essential for oil and gas industry.

Third, expanding existing economic and trade relations and developing new bilateral relations.

Forth, completion of the current infrastructure projects under construction now, as well as the 2022 World Cup projects in line with the National Development Plan and Qatar Vision.

Fifth, development of sea ports and the expansion in concluding agreements with international shipping companies to connect the ports of Qatar directly with international ports, and enhancing Qatar Airways' cargo and passenger capacity.

Sixth, accelerating the implementation of tourism strategy over a specified time frame.

Seventh, encouraging the private sector to engage in these areas and facilitating them for it. Yet, the private sector has to acknowledge its responsibilities towards its country.

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