Commerce in Qatar for World Bank Group Evaluation
An Investment Climate Assessment, coupled with an Evaluation on the Business Regulation Environment, will be conducted by the Ministerial Group for Stimulating and Co-operating with the Private Sector. This evaluation aims to expand the private sector-driven growth in commerce, as well as to promote this expansion in the country.
With the agreement’s conclusion in April 2021, it will run for two years.
With HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani as chair of the Ministerial Group for Stimulating and Co-operating with the Private Sector in the Economic Development Projects, the agreement is in good and very capable hands.
“In the last 20 years, Qatar has made outstanding socio-economic achievements, one of which is having a 10.5% average growth rate. The achievements of the economic growth resulted from the reform policies that Qatar has undertaken in the context of the rapid globalism process,” said Khamis al-Mohannadi, head of the Technical Committee for Stimulating and Motivating the Private Sector. “This bilateral agreement aims to keep improving the investment environment in Qatar and attracting FDI.”
According to Issam Abousleiman, Regional Director for the GCC at the World Bank Group, “We continue to work with Qatar in its effort to improve its attractiveness for international and local investors building on our support to broader private sector development and diversification under the National Development Strategy.” He also said that this agreement will mark “a new phase of enhanced co-operation working with many ministries, public entities, and the private sector to contribute to the same goal.”
Furthermore, Deputy Undersecretary for Economic Affairs at the Ministry of Finance Saud bin Abdullah al-Attiyah is also positive about the agreement. “The agreement signed today is part of Qatar’s on-going initiatives to continuously improve its business environment and support local and international firms alike to grow and expand,” he said. “We are confident that this agreement will further support our efforts to position Qatar as the region’s preferred business and financial hub.”
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