The Father Emir H H Sheikh Hamad bin Khalifa Al Thani and other officials attending the opening of the Shura session yesterday.
DOHA: In a major decision to support the growth of country’s private sector, the Qatar government will restrict state-funded companies from entering into direct competition with private firms. The Emir H H Sheikh Tamim bin Hamad Al Thani yesterday announced that the government had issued a circular directing public sector entities not to establish companies or engage in economic activities in sectors where private players are active, without prior permission from the Office of the Prime Minister. The government has taken a series of other steps to help the private sector play a proactive role in the Qatari economy, he said.
The Emir said the falling oil prices will not impact Qatar’s economy. The country’s budget is based on very conservative estimates of oil prices. However, those responsible for handling the state’s funds must not mishandle funds and indulge in extravaganza, he said.
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