Keeping Qatar’s High Status By Means Of New Investment Plans
Many people are quite aware of the fact that Qatar is considered as one of the wealthiest countries in the world with a significantly high levels of natural gas reserves. At this point, Qatar is one of the major suppliers of natural gas all over the globe with over 15 billion barrel of oil reserves it is expected for them to supply similar amount of natural gas for the next 23 years. Qatar have also taken steps in investing substantial amount in Britain for about ?35 billion and an additional ?5 billion investment plans for UK’s IT sector, energy resources and of course its different infrastructure for the next five years.
The QIA or also known as Qatar Investment Authority holds 20% in one of London’s international airports meanwhile the Qatar airways are considered as a major stockholder in British airways since last year. Another good thing is that Qataris pay cheaper amount for their gas compared to bottled water however despite its country’s wealth they tend to be frugal. There was a survey conducted which reveals that most Qatar-based business owners go for cheaper or free services even if they can afford those expensive ones. For instance, instead of spending their money on pricey software they go for online free letterhead maker.
Moreover, Qatar is also the major supplier for the liquid natural gas needed by UK. The UK’s fuel imports comprises of natural gas that covers 30% of it, this in turns is a good thing for Qatar’s economy. The geographical location of Qatar is one of the reasons why it continues to progress since the place where the country lies is known as a natural gas field. Even if there is a good source of oil output in country still many people are using conservative strategies in order to provide sustainability in the coming years.
The investment that Qatar has made up to this day and for the next five years is almost ?1 billion each year however the returns are quite minimal compared to the past years and so the country needs to deal with new investment plans. With that being said, the QIA intends to invest in US, the expected amount for the investment is worth $35 billion.
Despite the fact that Qatar has a booming economy and considered as one of richest countries all over the globe still the country need to devise steps and future plans that will keep their status high more importantly these days wherein people are starting to go for renewable sources of energy.