FDI inflows in Qatar’s non-hydrocarbon sector exceeds hydrocarbon space – The Peninsula

FDI inflows in Qatar’s non-hydrocarbon sector exceeds hydrocarbon space – The Peninsula

Doha: Qatar’s non-hydrocarbon sector continues to drive economic growth. The country’s Foreign Direct Investment (FDI) and performance of inflows in non-hydrocarbon sector has continually exceeded the inflows in the hydrocarbon space said a senior official.

A panel discussion entitled ‘The Future of Foreign Direct Investment in Post-COVID Era’ in recently concluded Doha Forum discussed priorities about FDI and how to ensure economic development in this new environment. Sheikh Ali Alwaleed Al Thani, CEO of Investment Promotion Agency Qatar noted, “If you look at Qatar’s FDI inflows specifically, especially the performance of inflows in the non-hydrocarbon sector which has continually exceeded the inflows in the hydrocarbon space,” he said.

He added that Qatar sits in a good position and with a number of secular trends that has emerged during COVID-19 such as digitisation and especially supply chain resiliency in Qatar but have accelerated with the current geopolitical situation. “I think that will help carry us forward. The 2021 figures show that we have surpassed pre-COVID levels in terms of global FDI flows and so, there is a strong rebound. When you look at Qatar there are a number of tailwinds that would be beneficial from the FDI perspective. We have the current commodity