Doha Bank has showcased investment opportunities in Qatar during a knowledge sharing session titled "Qatar Land of Opportunities".
During the session, CEO of Qatar Financial Centre Authority Yousuf Mohamed Al Jaida shared an insightful presentation covering the economic growth, GDP, key economic indicators covering imports, exports, L&G production, inflation, and other key performance indicators.
He also shared an insightful overview of the Financial sector, international reserves, and deposits, NR deposits and noted that the country has bounced back to desirable stable ratings by the various rating agencies echoing their confidence in Qatar as a safe and stable place for investment by the international financial community.
For his part, CEO of Qatar Stock Exchange Rashid Ali Al Mansoori shared his approach around four key strategies, namely: increasing offering in the stock market (more listings etc); enhancing smarter regulation (not just harsher regulation) to make Qatar a more desirable place for international investment; Local asset management to be more active in the market; and promoting our market more to increase awareness through roadshows and other marketing initiatives.
Just Real Estate Chairman Nassar Al Ansari said whilst many people are speculating and have doubts in the market, the opportunities are getting greater and greater. Post blockade, the country has taken many measures to become more resilient to avoid any potential crisis. They have demonstrated a greater appetite for foreign ownership, where the Govt of Qatar has opened up doors for international companies to own their offices and real estate. The Government has taken measures that would enhance the welfare of Expats and Qataris, thereby generating more jobs and creating a favorable environment for more white-collar expats to come to Qatar.
Founding Chairman of Gulf Organization of Research and Development Dr. Yousef Al Horr delivered a presentation on the Climate actions and the Carbon markets in Qatar, the opportunities and its impacts.
He started by sharing the mission and agenda of GORD, a non-profit subsidiary of Qatari Diar. He shared that the state of Qatar has become an active partner in the international community for climate change. It is doing so by seeking to regulate carbon pricing as a means of reducing emissions and driving investments towards cleaner options. It is also organizing an environment-friendly tournament and the first "carbon neutral" tournament. Qatar Sovereign Wealth Fund will promote and encourage green investments activities and adopt low-carbon economic growth.
Dr. Yousef also talked about GSAS (Global Sustainability Assessment System) which is a performance-based rating system to assess the sustainability merits of buildings and infrastructure projects taking into consideration the region's specific environment and ecological aspects. FIFA has officially endorsed GSAS certifications as the key sustainability requirement for the stadiums serving the World Cup 2022 following the recommendations of third-party experts commissioned by FIFA on the review of GSAS and other international systems. He further explained the opportunities and considerations of the Carbon Market and the GCT (Global Carbon Trust), a voluntary Carbon platform and the marketplace. He summarized by sharing the overall climate action and economic impact drivers for sustainability, business opportunities, time frames (short term and long term) and outcomes and impacts.
CEO of Doha Bank Dr. R. Seetharaman delivered a keynote speech, referring to the International Monetary Fund's report, released July 2019, which expected global growth is forecast at 3.2 percent in 2019. Advanced economies, growth is projected at 1.9 percent in 2019. The emerging market and developing economy group is expected to grow at 4.1 percent in 2019. According to the report, there is an escalation in trade tension between the two largest economies US and China in recent times and has contributed to volatility in financial markets. The risk of recession has also increased.
The session took place in the presence of the Bank's senior executives and members of the Board of Directors in addition to a group of diplomats and dignitaries from the Qatari business community as well as foreign communities.
Image Credit: Doha Bank
If you have anything you want to share with us, send us an e-mail at [email protected]!
Want to send a tip? Drop us an e-mail at [email protected], anonymity is guaranteed!
You have successfully registered your account!Please confirm your e-mail address by clicking on the URL sent to you.The e-mail usually arrives in 5-10 minutes.
How ajeeb was that!? Thanks for contributing to our community! Your post will appear after we take a quick look!