Qatar's private sector pumps QR30bn into govt projects in a year

11/10/2015 12:54:53 AM

(MENAFN- The Peninsula) H E Sheikh Ahmed bin Jassim Al Thani (centre) Minister of Economy and Commerce addressing a ‘diplomatic salon’ in Doha.

DOHA: H E Sheikh Ahmed bin Jassim Al Thani Minister of Economy and Commerce yesterday stated that the country’s private sector has pumped an estimated QR30bn into various government sector projects over a period of one year. This reflects the strength of Qatar’s private sector and its competitiveness he said.

The minister said the country has created a conducive environment for the investors both foreign and local. As of now Qatar has no plans to impose any fresh taxes on foreign companies.

There is virtually no tax for the local companies he said while addressing a ‘diplomatic salon’ organised by the ministry of foreign affairs at the Diplomatic Club here yesterday.

H E Mohammed bin Abdullah Al Rumaihi Foreign Minister’s Assistant for Foreign Affairs and heads of various diplomatic missions in Qatar attended the event.

Sheikh Ahmed bin Jassim said Qatar is currently involved in huge efforts to realise the targets of its ambitious 2030 National Vision. Economic diversification being the core pillar of the National Vision private sector plays a key role and the government is making efforts to enhance the competitiveness of the private sector. A total of 22 projects and initiatives have been already launched in this regard. There are examples of projects in the supply and logistic sector to prove this he said.

Partnership between government and private sector in establishment of commercial markets new central markets Al Furjan markets the developing of new commercial streets are part of this. The Government private sector partnership also include in the construction sector maintenance of hospitals and schools and in tourism projects he said.

The Peninsula

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