(MENAFN- The Peninsula) QNA
Doha: Qatar’s hosting of the upcoming FIFA World Cup 2022 enhances the country’s position as a leading global destination for business and investment, showcasing its attractive legislative, regulatory and institutional environment and advanced infrastructures, Qatar Chamber’s (QC) Chairman Sheikh Khalifa bin Jassim bin Mohammed Al Thani has said.
Talking to QNA, he said Qatar’s economy will continue to grow and develop after the country hosts the tournament, especially with its track record of success achieved over the past several years, as well as in building various attractions that increase its global consumer confidence.
He added that hosting world’s largest sporting event will draw the world’s attention to Qatar, particularly during November and December. This will provide opportunities for investors and businessmen from different countries across the world to explore Qatar and its economy, and to discover the available opportunities here. This will in turn contribute to attracting more foreign investments to the country, and will enhance Qatar’s status as a leading global centre for business and investment.
On the most prominent growth drivers in 2022, Sheikh Khalifa indicated that many sectors will be developed, such as tourism, knowledge economy, agriculture, and industry among other important sectors.
He said Qatar’s LNG expansion project corresponds to an expected growth of the economy in all sectors, especially vital sectors such as education, health care, construction, food security, technology and others.
He also stressed the positive impact of the World Cup on the Qatari private sector, particularly the tourism and trade sectors, which will witness significant growth in addition to attracting more investors. He noted that restaurants, hotels, tourist resorts, stadiums and sports facilities will have a major role in attracting tourists over the years following the hosting of the World Cup, and will constitute an important source of income for the State.
He said Qatar will witness during the coming period strong foreign cash and investment flows, as a result of positive indicators from global economic recovery. This will stimulate business in the local market, in addition to strengthening high levels of confidence among foreign investors in the Qatari economy.
Sheikh Khalifa also reiterated the Qatari government’s support for the private sector, such as the QR75bn financial support package which has mitigated the impact of the pandemic on the business community.
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