US for big role in Qatar’s development

March 16, 2014 - 8:47:07 am

Sheikh Dr Khalid bin Thani Al Thani (left) and Sheikh Faisal bin Qassim Al Thani (centre) with Penny Pritzker (second from right). RIGHT: Penny Pritzker, Dr Hessa Al Jaber and Sheikh Dr Khalid bin Thani Al Thani.

DOHA: The visiting US Secretary of Commerce, Penny Pritzker said that the giant development plan adopted by Qatar will create huge investment opportunities, and the American companies would like to take part in those projects.

With scores of mega infrastructure projects in the pipeline, and many of them to be awarded in the run-up to the 2022 World Cup and Vision 2030, the US is striving to further deepen and strength its economic ties with Qatar to play a leading role in the country’s development process.

Pritzker was speaking at a luncheon hosted by the second deputy chairman of Qatari Businessmen’s Association (QBA), Sheikh Dr Khalid bin Thani Al Thani at his Majlis on Thursday.

The Secretary, who was here on an official visit leading a trade mission, said: “There was a great interest from the American companies to join the business mission, and all companies present with us today have a world-class expertise in many sectors of the economy, and would like to develop partnership with their Qatari counterparts to develop the economic and bilateral relations between Qatar and the US.”

Minister of Communications  and Information Technology (Qatar), Dr Hessa Al Jaber and Sheikh Faisal bin Qassim Al Thani, Chairman of QBA, welcomed Pritzker and her accompanying official and business delegation.

Present were Sheikh Abudllah bin Thani Al Thani, Sherida Saad Al Kaabi, QBA board member, Saoud Al Mana, Vice Chairman and CEO of Al Mana Group, Nabil Abu Issa, QBA member, Ibrahim Al Jaidah, QBA member, Ahsraf Abu Issa, Chairman of Blue Saloon and scores of other dignitaries.

Sheikh Faisal noted that the Qatari-American relations are strong, and have witnessed a great improvement in recent years on many levels, and QBA is ready to support the American companies and businessmen to enter the Qatari market and benefit from the investment opportunities.

Sheikh Khalid added that this visit is considered as an important step towards further strengthening, and supporting the endeavours of both business communities in achieving bilateral trade, and business cooperation.

He also said: “Qatar is currently moving strongly under the wise leadership of the Emir, H H Sheikh Tamim bin Hamad bin Khalifa Al Thani, to diversify its economy.

“Qatar has allocated more than 40 percent of its budget for 2013-2014 on development projects, which will create major opportunities and projects for investment in various sectors, and we invite the American companies to take part in those projects. We believe their expertise, and know-how can create an added value in these projects,” said Dr Khalid.

It is worth mentioning that this visit is the Secretary’s first trip outside of North America. The delegation has 21 US companies operating in different sectors, including infrastructure, construction, architecture and design, renewable energy.

Qatar’s export to the US reached QR3bn in 2013. Both countries have also signed a number of MoUs to promote trade cooperation. Some of them are economic, commercial and technical agreement, civil aviation safety agreement, agreement on educational, cultural and media cooperation, and a memorandum of understanding in the fields of renewable and alternative energy and technical cooperation.

The Peninsula