Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani issued the Emiri decision No 2 of 2017 annulling the Emiri decision No 38 of 2011 on the formation of Qatar National Committee for Oil and Gas. The decision stipulated that Qatar Petroleum shall replace Qatar National Committee for Oil and Gas in all its rights and obligations.
President-elect Donald Trump is a builder, and as a builder it is no surprise that he made infrastructure investment a key pillar of his campaign and, presumably, his upcoming presidency. Constructing roads, airports, mass transit, bridges, buildings and telecommunications infrastructure has become a vital part of Qatar’s domestic economic diversification as well as our external investment strategy. Qatar, which is committed to investing more than $35 billion in the U.S. over the next five years, is a natural partner for the US in the coming years as infrastructure spending is slated to grow.
Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and UK gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. Since then, the country - with a population smaller than Houston - has amassed $335 billion in assets around the globe, making its sovereign wealth fund the 14th largest in the world, according to the Sovereign Wealth Fund Institute.
With the rapid economic development and influx of expatriates, Doha, Dubai and Abu Dhabi have emerged as top three real estate markets in the GCC, which has been witnessing one of the fastest rate of growth in the world. The GCC region, especially Qatar, over the past decade, has been witnessing rapid economic development and demographic changes, including the influx of foreign workers, which in turn has increased the region's overall population.
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