Qatari economy proves strength in facing siege

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The Qatari economy has proven its strength and efficiency in the face of the unjust blockade, thanks to Qatar’s strategy, plans and alternatives that have enabled it to withstand the current challenge, a number of official have underlined.

Speaking at a seminar organised by Qatar University, under the title “The Qatari economy under the siege, steadfastness and ascension”, the officials hailed the wise management of the crisis and the rapid movement to confront its repercussions from the beginning. They stressed the need to invest the current situation to strengthen Qatar’s relations with the world, and meet the aspirations of Qatar National Vision 2030 to build a sustainable economy.

Minister of Development Planning and Statistics H E Dr Saleh Mohamed Salem Al Nabit said that Qatar has faced many crises and emerged stronger and never compromise on its freedom, sovereignty and dignity.”

He said that the current crisis, although it has its social impact on the peoples of the Arabian Gulf as a whole, but the State of Qatar will come out more powerful .. adding, “We will certainly emerge from this siege stronger .. and Qatar will be different, benefiting from its experiences, and adapted to the new reality. “

He added that this crisis is deliberate and unexpected, but Qatar was able, thanks to the unity of the internal front, and plans, to deal directly and quickly with it , and for the solidarity and integration of its institutions and , had managed to turn the table and disappoint those who bet on the break.

Assessing the repercussions of the siege, Dr Al Nabit pointed out that the crisis has affected the services sector such as tourism, transport and the financial sector, but the state succeeded in overcoming these repercussions at an astonishing speed to restore things to normal before the siege. He said the government adopted alternative routes of transport after closure of the land port, as well as compensation of deposits withdrawn from banks, and support the tourism sector after the decision to exempt citizens of 80 countries from visas. With regard to capital projects, Dr Al Nabit pointed out that the State had its reserves by storing raw materials, and this gave an opportunity to find alternatives that ensure the implementation of projects on time and at the same cost. (Source)