Doha: Qatar is fast turning out to be the global hub for businesses backed by sound policies and a highly skilled workforce which have transformed the state into one of the fastest growing economies in the region according to multilateral organisations and think tanks.
The business community at a recent gathering in Doha to mark Ramadan hailed the policy directions of the state and its National Vision 2030 aimed at diversifying the economy.
Estithmar Holding Group Chief Executive Officer, Henrik Halager Christiansen said Qatar is an excellent place for private healthcare services which is of very high standard.
Ambassadors and business chamber heads said that they are planning visits of business delegations from their native countries to Qatar this year to explore further opportunities to enhance bilateral trade and investment.
The Portugal Ambassador to Qatar Paulo Neves Pocinho said there would be a business delegation shortly from Portugal to look at new opportunities for collaboration between Qatar and Portugal.
A business delegation from Croatia is also expected in Qatar before summer according to the President of the Croatian Business Council Mario Lazancic.
An investment summit is scheduled to be held in Washington next month according to the Executive Director of the American Chamber of Commerce in Qatar Brooke Holland.
Meanwhile the World Bank in its latest forecast noted that Qatar’s economy will grow by 3.3 percent this year and by 2.9 percent in 2024 ahead of many countries in the Middle East and North Africa (MENA) region.
Besides the state is recognised world over for education, employment and living which has made it one of the preferred destinations for migration according to global rankings.
The migrant workforce in Qatar has been growing over the years and is estimated to be over two million making up nearly 95 percent of the labor force in a country of over three million people.
The population rose by almost 40 percent after the state announced the hosting of the FIFA World Cup 2022 making fresh room for employment due to the construction sector boom.
“We have been in Qatar for nearly four years as students and it has been a great time,” said Timothy and Caroline form the US while on an evening walk in Corniche. Students either by themselves or with families have moved to Qatar for education which has been ranked among the best in the world.The state is home to some of the world’s leading universities and educational institutions.
The Education City developed by the Qatar Foundation consists of leading educational institutions, start up incubators and technology parks.The state had the world’s attention on it having hosted a spectacular sporting fiesta last year which generated new interest by the global business community for trade and investment.
According to recent reports Qatar expects around five million foreign visitors to the state this year having recorded 340,000 travelers, a 295 percent year on year growth in the first month and 389,000 visitors in the second month this year recording a 406 percent increase from the same period last year.
