CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

Emir orders study on operations of state-backed investment companies

Published: 27 May 2015 - 04:55 pm | Last Updated: 13 Jan 2022 - 04:07 pm

DOHA: The Emir, HH Sheikh Tamim bin Hamad Al Thani has given directives to conducting a study and preparing a report on the investment companies owned by some government and semi-government agencies funded or co-funded by the State, in terms of the nature of their work and activities.

The Emir, who is the chairman of the Supreme Council for Economic Affairs and Investment chaired the Council’s Second Meeting for 2015 at the Emiri Diwan on Wednesday and ordered to study the situation of these companies, stressing the need to take into account that they shall not enter into activities competitive with the private sector.

The meeting was attended by the Deputy Emir and Vice-Chairperson of the Council, HH Sheikh Abdullah bin Hamad Al Thani and the Prime Minister, Minister of Interior and Executive Member of the Council, HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani.

The Minister of Finance, HE Ali Sherif Al Emadi, who is also the Secretary-General of the Council, said in a statement to Qatar News Agency that the Council discussed topics tabled on its agenda, especially an item on the follow-up of the Councils previous resolutions and procedures and was briefed on the latest developments in energy and investment affairs.

The agenda of the meeting included a presentation on the Qatar National Vision 2030 (QNV 2030) and the most relevant important challenges and a presentation on Qatar Investment Authority’s investment strategy.

The Emir also gave directives to work on the implementation of the strategy according to QNV 2030 plans.

The Peninsula