The Qatari Businessmen Association (QBA) has announced that it stands united with Qatar’s people and leadership.
"We remain confident in the national economy and the State of Qatar’s ability to overcome the economic and financial impact of these measures.", it said yesterday
The Qatari Businessmen Association, in cooperation with the Qatari business community and in partnership with the nation’s public institutions, is committed to action that will strengthen the national economy.
QBA has the full support of the Qatari private sector – on both the technical and practical levels – to provide goods and services to the local market in a smooth and continuous manner. This will sustain economic growth, as per the plans set forward by the Government.
The Qatari economy is strong, solid and robust. It has a high credit rating from major international rating agencies and the Global Competitiveness Report Scale.
The economy has significant foreign reserves and assets estimated at $ 370bn, distributed between the sovereign fund and the central bank. Qatar has a solid financial center with banking capital of QR1.3 trillion, sea ports with a capacity of more than 2 million containers, and an international airport that can support approximately two million tons of goods.
Qatar has flexible legislation and regulations providing investors with freedom of movement, transportation and easy access to money transfer.
This has helped and is still helping to achieve disciplined growth rates and balanced inflation rates, and has strengthened the position of the private sector in supporting GDP growth.
Qatar is achieving the objectives of the National Strategic Plan by diversifying sources of income, supporting entrepreneurship projects and achieving environmental sustainability.
