Feasible Steps That Qatar Investment Authority Plans to Do in The Future
There are a number of countries that has a good and promising economy and one of it is Qatar as a matter of fact it ranks 3rd among countries with huge reserves of natural gas. If your country is one those that relies heavily in natural gas then here’s a good news, Qatar has approximately 15 billion barrels of oil that is projected to supply similar amount of natural gas for the next 23 years. But of course, the latter is just one aspect that makes the economy of Qatar promising, many might not be aware about it but the country actually have huge investments in Great Britain for about ?35 billion and it is expected to invest another ?5 billion in UK’s energy resources, IT sector, and establishments for the coming years.
The bond that Qatar and UK has is quite deep since the QIA or widely known as Qatar Investment Authority owns an approximate of 20% in one of London’s international airports while the Qatar Airways is a major stockholder in British Airways since 2016. 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 study conducted which reveals that business professionals in Qatar tend to use cheaper or free services rather than spending their money on a much greater services. A perfect example for this one is the fact that they tend to use online free letterhead maker rather than purchase pricey software.
Moreover, Qatar is also the major supplier for the liquid natural gas needed by UK. This creates a significant impact in Qatar’s economy since more the 1/4 of UK’s fuel imports are in a form of natural gas. The location of Qatar became its strengths as well, since the place is said to be known as a natural gas field. Although there is good oil output in a yearly basis still many people shows inclination towards conservative strategies to promote sustainability in the years to come.
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.
Even if Qatar is seen as one of the wealthiest countries in the world, the country needs employ feasible steps that will keep their country’s wealth and status high more importantly that people are drastically shifting to renewable energy sources.
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