Doha, Qatar: The Qatari Businessmen Association (QBA) affirmed, on the sidelines of its extraordinary meeting held yesterday, that it is placing all its economic institutions and affiliated companies—both in Qatar and around the world—at the service of the national economy and in full support of it.
QBA stressed that Qatari businessmen stand united behind the wise leadership of His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, and that the association places itself at the service of all sectors of the economy to address regional challenges.
The association renewed its national commitment to supporting the country’s economic policies and working in full coordination with the relevant government authorities to ensure market stability and the uninterrupted continuation of economic activity.
QBA also highlighted its ongoing communication with representatives of foreign companies operating in the country and with business councils, who reaffirmed their commitment to continuing their operations and maintaining Qatar as a preferred destination for their business activities and investments.
A Vital Role
QBA expressed its appreciation and gratitude to His Excellency Sheikh Mohammed bin Abdulrahman Al Thani, Prime Minister and Minister of Foreign Affairs, as well as to the sovereign ministries, for their significant role in maintaining the country’s stability and security during the current circumstances.
The association also extended its thanks to the Ministry of Commerce and Industry, the Ministry of Municipality, and the Ministry of Public Health for their efforts in monitoring markets and ensuring the availability of essential goods required by citizens and residents. QBA noted that dedicated task forces and monitoring committees are working around the clock to maintain market stability during the holy month.
QBA also praised private sector companies and local farms that are supporting national efforts by supplying food products, dairy, water, and fresh poultry across commercial outlets. The association noted that markets have not experienced any significant shortages, helping maintain price stability in the local market.
Strong Foundations
QBA emphasized that the Qatari economy is built on strong and solid foundations, supported by prudent economic policies, strong financial reserves, advanced infrastructure, and diversified strategic investments. These factors enhance the national economy’s ability to confidently navigate regional and international developments.
In this context, QBA members and affiliated companies reaffirmed their full commitment to fulfilling their national role in supporting the stability of the local market and ensuring the continuity of economic activity. The association noted that the private sector will continue working in coordination with relevant government authorities to strengthen supply chains and ensure the uninterrupted availability of essential goods and services to the community.
QBA also reassured local and international investors, as well as business councils operating in the country, that Qatar possesses sufficient strategic reserves of essential commodities, particularly in the food and pharmaceutical sectors. In addition, Qatar’s advanced logistical capabilities and diversified supply networks ensure the continued and efficient flow of goods and essential materials into local markets.
Continued Development Progress
QBA highlighted that the resilience of the Qatari economy is supported by a strong financial base. The Qatari banking sector enjoys a high degree of stability and financial strength, with strong capital adequacy and liquidity ratios that exceed internationally recognized standards.
In addition, Qatar maintains strong sovereign credit ratings from leading global rating agencies, supported by substantial financial reserves and prudent fiscal policies, further strengthening global market confidence in the Qatari economy.
A Supportive Business Environment
QBA emphasized that Qatar’s business environment will remain among the most stable and attractive investment destinations in the region, as reflected in international reports, including those presented at the World Economic Forum in Davos.
The association noted that major economic projects and strategic investments across the country continue according to approved plans, supported by an advanced legislative framework and world-class infrastructure.
In this context, QBA reaffirmed that international investors can continue operating in Qatar with full confidence, noting that the country’s business environment remains among the most stable and attractive in the region thanks to its advanced regulatory framework and investment-supportive economic policies.
