Doha – Financial ministers and economics from a number of countries in the world discussed investment opportunities and the future of the global economy and how to adapt to the current fluctuations, pointing out that every country that follows an economic policy that reaps the benefits and benefits that are in line with its policy and future vision.
During a session at the Qatar Economic Forum entitled “Global Development Map: How does finance and economics sees the future of the global economy?”, The Finance and Economy Ministers in Qatar, Saudi Arabia and Turkey discussed the way their countries are adapting to the new reality, and turning fluctuations into opportunities, through policies that enhance stability and push the long -term growth wheel.
In this context, Qatari Finance Minister Ali bin Ahmed Al -Kuwari said that “the US President’s visit to the region was great. I think this was a great message to the region and in recognition of its importance in economic, political, economic and geopolitical terms, as well as in terms of stability, and this is something that we appreciate a lot.”
He added that the economic partnership with the United States is normal and that the circulating numbers reflect the growth of this relationship.
The Qatari minister pointed out that talking about an economic partnership of $ 1.2 trillion represents a framework for long -term cooperation that the American companies operating in Qatar benefit from, and Qatar continues to invest in the American market, which he described as a market with good returns and is compatible with the strategy of the Qatar Investment Authority.
He stressed that the United States is considered the largest commercial partner of Qatar, and has maintained a trade surplus with it for years, adding that the economic and commercial relationship between the two countries is “in its natural path.”
The Qatari minister stressed the importance of partnership with the United States and its depth at the economic and defensive levels, and said, “We are talking about an economic partnership based on the principle of (Rabeh-Rabeh). There are American companies operating in Qatar, and Qatar has been practicing trade with the United States for a period of time.”
He said, “The Qatar Investment Authority is continuing to invest in the United States, and the American market is an excellent market and achieves good returns for the device in line with its investment strategies.”
Al -Kuwari explained that the Boeing aircraft purchase deal is related to the renewal of the Qatar Airways fleet, which is normal within the airline business course, and it is funded through private capital and approved investment plans. “
It is noteworthy that during Trump’s visit to Qatar, the country signed the largest aircraft deal with Boeing Company ever for the benefit of Qatar Airways.
The White House said at the time that the deal includes up to 210 aircraft for $ 96 billion, while Qatar Airways announced that the request includes up to 210 Boeing Bingle Burn (160 confirmed purchase requests and 50 aircraft options).
The White House also announced that the details of the agreements signed in Qatar – in the day of Trump’s visit – will achieve “an economic exchange of at least $ 1.2 trillion.”
Syria and Egypt
On Syria, the Qatari minister said that “Syria is a pivotal country in the stability and prosperity of the region, and today we have a real opportunity to support its stability and economic growth with the current government, as the state is rebuilt from scratch, and needs support in the fields of energy, water and infrastructure.”
And whether Qatar was considering converting its deposits in Egypt into direct investments, Al -Kuwari said that “Egyptian President Abdel Fattah El -Sisi was in Qatar more than two weeks ago, where we announced a new investment package with Egypt. We continue to see Egypt as a promising opportunity to invest, whether by transferring deposits or making additional investments.”
He added, “Although this option has not yet been officially discussed, it is considered one of the options offered. In fact, we see that Egypt has great opportunities in sectors such as real estate, tourism and manufacturing.”
The Qatari minister stressed that “from an investment perspective, any investment we do must be based on purely commercial foundations while achieving good returns. Qatar is looking at Egypt as a market with great growth potential in the future.”
Saudi budget
Saudi Minister of Economy and Planning, Faisal bin Fadel Al -Ibrahim, said that current oil prices do not pose a threat to the Saudi budget, which no longer depends on oil prices, but rather on long -term national priorities.
The official pointed out that what the Kingdom is doing within the framework of Vision 2030 and beyond is a strategic plan to restructure the economy and enhance its institutional flexibility, similar to what other Gulf states do.
He added that the Kingdom has long and medium -term financial plans, and is preparing for possible scenarios, relying on strong reserves and growing institutional capabilities.
The Saudi minister stressed that the stability of the energy market in the long run is still a priority for the Kingdom, to ensure the continued flow of investments necessary to meet global demand, noting that this is done in coordination with the “OPEC Plus” alliance.
He stressed that the ongoing economic transformation is based on financial discipline, but it also requires bold steps to accelerate economic diversification, empowering human capital, and building modern institutional capabilities.
Türkiye .. the return of peace
For his part, Turkish Minister of Treasury and Finance, Muhammad Shimashk, explained that in light of the recent regional changes, Turkey is expected to reap the “peace return” from positive developments in Syria, including stopping conflicts and rebuilding the Syrian state, as the presence of “stable, safe and prosperous” is a huge strategic gain not only for Turkey, which shares in wild borders that extend along 911 km with Syria, but for the region, but for the region The whole.
He said that ending regional conflicts lifted huge security and economic burdens on the shoulders of the neighboring countries and allows resources towards development, and that this comes at a decisive time for Ankara, which seeks to benefit from the stability of neighborhood to launch a new stage of growth.
The PKK, which has fought an armed conflict against Türkiye for about 15 years, announced its agreement to “disintegration and disarmament.” This step is a detailed development in the Turkish security file, as a recent study indicates that the cost of fighting terrorism during the past five decades amounted to approximately $ 1.8 trillion.
The minister stressed that these transformations will enable Türkiye to direct its resources towards productive sectors and enhance the path of human and institutional development, which represents a qualitative shift in its geopolitical position, from a security burden to an economic crane.
He explained that, in cooperation with our partners such as Qatar and Saudi Arabia, “we have paid the arrears owed to Syria to the World Bank, and that will open support for $ 180 million and we are working with them to develop the electricity and energy sectors.”
