DOHA: The US Secretary of Commerce Penny Pritzker has stressed the need for further bolstering the joint investments between Qatar and the US. There is a need for reinforcing joint investments between the two countries to contribute in all areas, aiming at promoting such ties and encouraging them to be of great support to the private sectors of both countries and their investments.
The US Secretary of Commerce was speaking after receiving Sheikh Dr Khalid bin Thani Al Thani, Chairman of Ezdan Holding Group, who is also the Second Deputy to the Chairman of Qatari Businessmen Association (QBA) in her office in Washington. Sheikh Dr Khalid was also accompanied by International Islamic (QIIB) CEO Abdul Basit Al Sheibi.
Penny emphasised that the US companies in various sectors and activities are interested in contributing to the implementation of major ongoing projects in Qatar and those are planned to start in the coming years in the run up to the World Cup 2022.
“Many big US companies are interested in the Qatari market and keen to be part of that vibrant market. These companies seek to take part in the development of both the countries”, she said.
Sheikh Dr Khalid said the Qatari private sector enjoys genuine partnership with key American companies in a number of areas. The investments include a number of vibrant and promising sectors, including technology. Currently, there aree about 380 American companies operating in Qatar, which are involved in many key infrastructure projects.
Sheikh Dr Khalid hailed the cooperation between both countries’ private sectors. He said that the Qatari private sector is ready to have maximum cooperation with foreign companies for the benefit of the national economy and encourage American companies to enter the Qatari market.
Sheikh Dr Khalid said that Qatar’s economy is growing at a great pace. The US companies can take advantage of Qatar’s growth trajectory.
The US Secretary visited Doha in March 2014, when she headed a large business delegation. The US is the largest foreign investor in Qatar. Its exports to the Qatar reached up to $3.6bn in 2013, versus Qatar’s exports to the US valued at about $3bn.
The Peninsula
