Qatar Expected to Invest $ 35 billion in U.S. Over Next Five Years’Source: www.export-egypt.com 9/4/2016, Location: Middle East |
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Qatar's Ambassador to the United States, HE Mohammed bin Jaham Al Kuwari, said Qatar's investments in U.S. are expected to acheive $ 35 billion over the next five years.
Qatar is a trading partner of the United States since the signing of the Trade and Investment Framework Agreement in 2004, HE Al Kuwari said, referring to the trade volume between the two countries which has risen steadily since then, reaching $ 6.9 billion in 2015. This came in a speech by HE Al-Kuwari when he took part along with Senator Joe Manchin, member of Armed Services Committee at the U.S. Senate, in a reception ceremony organized by Discover the Real West Virginia Foundation on the sidelines of the West Virginia Chamber Annual Meeting and Business Summit. HE Al Kuwari reviewed potential economic opportunities between the State of Qatar and the State of West Virginia in the fields of energy sectors, noting that there is a strategic dialogue between Qatar and the United States in economic, commercial, educational, military and security fields. Qatar has natural resources and abundant opportunities for investment in human development and infrastructure as part of Qatar National Vision (QNV) 2030 which aims to transform Qatar to a knowledge-based economy, he stressed. Ambassador Al-Kuwari pointed out that there is an increasing number of U.S. companies in Doha operating in various sectors such as health, tourism, technology and education, noting that a large number of U.S. investo rs and companies have $ 200 billion share of investments in infrastructure projects in preparation of the 2022 FIFA World Cup. The West Virginia Chamber Annual Meeting and Business Summit is the largest gathering of business, industry, financial, and political leaders from around the State of Virginia. This year's edition of the event brought together more than 700 executives of all US States. |
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