Doha: President of the US-Qatari Business Council (USQBC) Scott Taylor (pictured) affirmed the strength of the Qatari economy to withstand any expected recession in the West, whose impact would extend to other parts of the world.
Speaking to Qatar News Agency (QNA), Taylor said that with suitable energy prices and a dynamic economy, Qatar is strong enough to withstand the recession that may occur, which also provides a huge opportunity to invest in companies, real estate, or other investments. Qatari investors will be able to invest capital and reap profits through low-cost deals that will bring them a lot of returns when the world gets out of the potential recess.
Regarding his visit to Qatar, the President of USQBC said, “This one specifically is to meet with our current members to discuss their needs and help them out and keep our relationship going.
It’s also to promote the US, and help the Business Council to get new members. We just got a new Qatari member as well. We’re very happy and proud. And it’s also to meet with the authorities and ministries to understand post World Cup what the goal is, what the strategy is so that we can align our efforts and our businesses with those strategies.”
Taylor pointed out, “Clearly the expansion, the LNG expansion is a massive driver of the economy for this, for this country, but also for business between the United States and Qatar as well. We obviously have American companies who are participating in the expansion. So that’s one thing. You’re also going to have human talent bringing expertise and bringing folks in as got the pivots from not just construction and infrastructure but also from you know bringing in technical expertise and production here and then exporting it to you know Asia and other parts of the world so. We’re excited for the growth and what’s the best is yet to come for this country and we want to be a part of it.” Also, he pointed to the opportunities in the content industry, media, e-sports, and many digital sectors.
