Ministry of Commerce and Industry Holds Symposium on Qatar's Economy

Doha, January 21 (QNA) - The Ministry of Commerce and Industry (MOCI) held Sunday a symposium on the Qatari economy's key features, foundations and future strategies, and its international and regional challenges.
Themed 'The economic and financial features of the State of Qatar from development to sustainability', the event addressed the current situation of the global, regional and local economies, and explained the main global economic trends, with a focus on various aspects of the Qatari economy.
Chairman of the Qatar Association of Certified Public Accountants (QCPA), Dr. Hashim Al Sayed said during the symposium that the State of Qatar has a strong economy that has proven its flexibility and durability during regional and global turmoil and crises, which has made it trusted by international rating agencies.
He pointed out that the oil and gas expansion over the past years took the country's per capita GDP to the highest in the world, which made Qatar one of the richest countries in the world and provided all means of luxury to citizens. It also gave the state opportunities to expand in pumping more local and international investments, and to diversify its economy through infrastructure, industry, communications, technology, digitalization and tourism, Al Sayed added.
He touched on the most important pillars of the Qatar National Vision 2030 through economic development, human development, social development, and environmental development, noting that it aspires to move the State of Qatar to the ranks of developed countries, achieve sustainable development, and enhance the quality of life for all members of the society and future generations.
He stressed that the State's strategy for the next stage is characterized by diversification in industries, services, education, information technology, agriculture and health services, green technology, media and creative industries, to achieve environmental and financial sustainability, maintain community cohesion, raise the efficiency of institutions, qualify a workforce ready for the future and raise growth rates.
Commenting on the global economy, Al Sayed said the global growth would see a further slowdown in 2024 over tightening monetary policies, weak trade and investments, climate change, geopolitical crises, high public debt, maritime disruption, and the food security crisis. (QNA)